Examples of NM Commitments in a sentence
To the Administrative Agent, for the account of each NM Lender, an upfront fee (the “Upfront Fee”), payable in cash, in an amount equal to 2.00% of the aggregate principal amount of such NM Lender’s NM Commitments on the Closing Date, such fee to be earned, due and payable on the Closing Date.
Each Borrowing shall consist of NM Term Loans made simultaneously by the NM Lenders in accordance with their respective NM Commitments.
To the Administrative Agent, for the account of the Arranger, an arranger fee (the “Arranger Fee”), payable in cash, in an amount equal to 0.4875% of the aggregate principal amount of the NM Commitments on the Closing Date, such fee to be earned, due and payable on the Closing Date.
Notwithstanding anything herein to the contrary, prior to any Person becoming a Lender or being allocated NM Loans and/or NM Commitments in connection with the reallocation set forth in Section 2.01(b)(ii) above, the Administrative Agent shall have received and be reasonably satisfied with all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation, the USA PATRIOT ACT.
To the Administrative Agent, for the account of each Lender, an upfront fee (the Upfront Fee), payable in kind, in an amount equal to 2.00% of the aggregate principal amount of such Lenders NM Commitments on the Closing Date, such fee to be earned, due and payable on the Closing Date.
Each borrowing of NM Loans shall be in an amount equal to $1,000,000 or a whole multiple thereof (or, if the then aggregate NM Commitments are less than $1,000,000, such lesser amount).
Any termination or reduction of the NM Commitments shall be permanent.
The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the NM Commitments or, from time to time, to reduce the amount of the NM Commitments.
The Borrower may at any time terminate the NM Commitments upon (i) the payment in full of all outstanding Loans, together with accrued and unpaid interest thereon, (ii) the payment in full of the accrued and unpaid fees and (iii) the payment in full of all reimbursable expenses and other Obligations together with accrued and unpaid interest thereon.
The Borrower Representative shall notify the Administrative Agent of any election to terminate or reduce the NM Commitments under paragraph (b) or (c) of this Section at least three (3) Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof.