Examples of Series A Commitment in a sentence
In the event that the Company fails to so advise the Administrative Agent, or if the Company fails to reimburse the Issuing Lender for a demand for payment under a Letter of Credit by the date of such payment, the Administrative Agent shall give each Series A Lender prompt notice of the amount of the demand for payment, specifying such Lender's Series A Commitment Percentage of the amount of the related demand for payment.
This Agreement (including the exhibits hereto), the Series A Certificate of Designation, the Series A Securities Purchase Agreement and the Series A Commitment Letter (to the extent the obligations that are expressly stated in the Series A Commitment Letter to survive termination thereof as set forth therein) constitute the entire agreement, and supersede all other prior agreements and understandings, both written and oral, between the Parties with respect to the subject matter hereof.
The Facility Fee shall be payable monthly in arrears on each Settlement Date with respect to the prior Collection Period and shall be forwarded by the Facility Agent to (i) the Series A Bank based on the available Series A Commitment and the Facility Fee Rate applicable to the Series A Bank's Commitment, and (ii) ratably to the Series B Banks according to their Pro Rata Shares of the available Series B Commitment and the Facility Fee Rate applicable to each Series B Bank's Commitment.
As evidence of the loan advanced by the Original Series A Lender, on the Funding Date the Borrower shall issue and deliver to the Original Series A Lender, as provided hereunder, a Series A Note payable to the Original Series A Lender in an original principal amount equal to the amount of its Series A Commitment.
Subject to the terms and conditions of this Loan Agreement, on the Funding Date the Original Series A Lender shall make a loan to the Borrower in the principal amount equal to the Series A Commitment, and the Original Series B Lender shall make a loan to the Borrower in the principal amount equal to the Series B Commitment.