Examples of Term A-3 Loan Commitment in a sentence
Such commitment fees are non-refundable and shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first Quarterly Payment Date following the Fifth Amendment Effective Date, and on the Term A-3 Loan Commitment Termination Date.
Subject to the terms and conditions set forth herein, each Term A-3 Loan Lender severally agrees to make a Term A-3 Loan to the Borrower on the First Amendment Effective Date in an aggregate principal amount equal to such Term A-3 Loan Lender’s Term A-3 Loan Commitment.
Notwithstanding the foregoing, if the total Term A-3 Loan Commitment as of the First Amendment Effective Date is not drawn on the First Amendment Effective Date, the undrawn amount shall automatically be cancelled.
Each party hereto acknowledges and agrees that the Register will be updated to reflect (i) the names and addresses of the Lenders (including, without limitation, the addition of the Term A-3 Loan Lenders) and (ii) the Term A-3 Loan Commitment of, and principal amounts of the Term A-3 Loans owing to, each Term A-3 Loan Lender pursuant to the terms of the Credit Agreement after giving effect to this Agreement.
Each Incremental Term A-3 Lender hereby agrees, severally and not jointly, to provide its respective Incremental Term A-3 Loan Commitment as set forth on Schedule A annexed hereto on the terms set forth in this Third Amendment, and its Incremental Term A-3 Loan Commitment shall be binding as of the Effective Date (as defined below).