Examples of Initial Term Loan in a sentence
Each Lender’s Initial Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Initial Term Loan Commitment on such date.
The Initial Term Loan Commitment shall terminate in full immediately and automatically upon the funding of the Initial Term Loans on the Closing Date.
By its execution of this First Amendment, the Borrower hereby covenants that the Borrower shall make any payments to First Amendment Non-Consenting Initial Term Loan Lender required pursuant to Section 2.11 of the Credit Agreement in connection with the Initial Term Loans.
The Administrative Agent shall have received duly executed counterparts hereof that, when taken together, bear the signatures of (i) the Borrower and each of the other Credit Parties, (ii) the Administrative Agent and the Collateral Agent, (iii) any Person that acquires any Initial Term Loans from any First Amendment Non-Consenting Initial Term Loan Lender as contemplated by Section B.5 below and (iv) each Term Loan Lender (determined after giving effect to Section B.5 below).