Examples of Term A-3 Loan Commitment in a sentence
All (x) Base Rate Loans shall be made in a minimum amount of $5,000,000 and an integral multiple of $100,000 or, if less, in the unused amount of the Term A-3 Loan Commitment Amount, and (y) LIBOR Loans shall be made in a minimum amount of $5,000,000 and an integral multiple of $500,000 (other than in the case of a borrowing in the amount of the entire remaining Term A-3 Loan Commitment Amount).
Each Incremental Term A-3 Lender hereby agrees, severally and not jointly, to make an Incremental Term Loan to the Borrower having the same terms as the Term A-3 Facility Loans on the Effective Date in the amount of its Incremental 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.
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.
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.