Maximum Term Loan Commitment definition

Maximum Term Loan Commitment has the meaning assigned to that term in Section 2.1(b).
Sample 1
Maximum Term Loan Commitment of any Lender shall mean the Commitment Percentage of such Lender multiplied by the Maximum Term Loan Amount.
Sample 1
Maximum Term Loan Commitment means SIX MILLION EIGHT HUNDRED THOUSAND AND NO/100ths Dollars ($6,800,000.00); provided, however, that to the extent that any Term Loans are made to Borrower in accordance with this Agreement and are thereafter repaid by Borrower to Lenders, then the Maximum Term Loan Commitment shall be decreased by an amount equal to the aggregate amount of any such Term Loans theretofore repaid as of any date of determination.
Sample 1

Examples of Maximum Term Loan Commitment in a sentence

  • In no event shall any Advance under the Term Loan be made if such Advance, together with all prior Advances (whether or not repaid) under the Term Loan, would exceed the Maximum Term Loan Commitment.

  • Each Borrower acknowledges that Lender does not intend to advance to all the Borrowers in aggregate any Term Loans which would at any point in time exceed the Maximum Term Loan Commitment; provided, however, if the Term Loans of all the Borrowers in aggregate exceed the Maximum Term Loan Commitment, all obligations will nevertheless constitute Obligations under this Agreement and be entitled to the benefit of all of Lender’s security interests in, and mortgage Liens on, the Collateral.

  • Each Lender hereby acknowledges its Commitment Percentage, Maximum Revolving Loan Commitment and Maximum Term Loan Commitment as set forth below such Lender's name on the signature page hereof as each may be adjusted upon an assignment by a Lender pursuant to Section 15.3(c) hereof.

  • Subject to the terms and conditions of this Agreement, the Banks shall make a five (5) year Term Loan to U.S. Borrower on the Closing Date, in the Maximum Term Loan Commitment Amount.

  • Maximum Total Commitment: the sum of the Maximum RLOC Commitment and the Maximum Term Loan Commitment ($28,664,000.00).

  • Subject to the terms and conditions set forth herein, each Lender having a Pro Rata Share of the Term Loan Commitment in excess of zero percent (0%) severally agrees to make loans (each, individually, a "Term Loan" and, collectively, the "Term Loans") to the Borrowers on the Closing Date, in an aggregate amount not to exceed such Lender's Pro Rata Share of the Maximum Term Loan Commitment.

  • To the extent, for whatever reason, the outstanding principal balance of the Term Note should ever exceed the Maximum Term Loan Commitment, Borrower shall immediately prepay principal on the Term Note, together with accrued but unpaid interest on such principal, in an amount equal to the excess.


More Definitions of Maximum Term Loan Commitment

Maximum Term Loan Commitment means One Hundred Ten Million Dollars ($110,000,000). Each Lender's Pro Rata Share of the Maximum Term Loan Commitment is set forth opposite such Lender's name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.
Sample 1
Maximum Term Loan Commitment means, for any Lender at any date, that ---------------------------- dollar amount designated as such opposite such Lender's name on the signature pages hereof, as the same may be amended from time to time in accordance with this Agreement.
Sample 1

Related to Maximum Term Loan Commitment

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(a) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $795,000,000.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $50,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).