Examples of Initial Term Loan Commitment Period in a sentence
The Lender’s Initial Term Loan Commitment shall terminate immediately and without further action on the last day of the Initial Term Loan Commitment Period.
During the Initial Term Loan Commitment Period and subject to and upon the terms and conditions contained herein (including this Clause 2.2.2, Clause 3 and Schedule 3A), each Initial Term Loan Lender agrees (severally, not jointly or jointly and severally) to make from time to time, at the request of the Borrower pursuant to a Drawdown Notice delivered pursuant to Clause 5 (Drawdown), a loan or loans (each, an “Initial Term Loan” and, collectively, the “Initial Term Loans”) to the Borrower.
Notwithstanding anything to the contrary contained herein, the Borrower shall only be entitled to make requests for Term Loans during the Initial Term Loan Commitment Period or the Additional Term Loan Commitment Period, as applicable, each in a principal amount of no less than $1,000,000 (and if greater, in integral multiples of $1,000,000), and in the aggregate in an amount that does not exceed the Commitments.