Examples of Interim Term Loan Commitment in a sentence
Subject to the terms and conditions hereof, each Interim Term Loan Lender, severally and for itself alone, agrees to make an Advance of the Interim Term Loan to the Borrower in a single disbursement on the Effective Date, in Dollars in an aggregate amount not to exceed such Lender's Interim Term Loan Commitment.
Each Lender shall make available to the Agent, as provided herein, that Lender’s Interim Term Loan Commitment.
Promptly after receipt of a request for a borrowing of an Interim Term Loan pursuant to Section 2-5, and in any event not later than 3:00 p.m. New York time, on the Business Day such borrowing request was received by Agent, Agent shall notify each Lender holding an Interim Term Loan Commitment, by telecopy, telephone, or other similar form of transmission, of the requested borrowing.
On the Effective Date, each Term Loan Lender, subject to, and in accordance with, this Agreement, agrees to severally, and not jointly or jointly and severally, make the Interim Term Loan to and for the account of the Borrower as provided herein, in the amount of such Term Loan Lender’s Interim Term Loan Commitment (subject to any limitations contained within the Interim DIP Order or the Final DIP Order, as applicable).
Any portion of the Interim Term Loan Commitment not borrowed on such date shall be terminated.