Examples of Term B Loan Commitment Amount in a sentence
The aggregate amount of Term B Loans shall not exceed the Term B Loan Commitment Amount.
For the Fraser TSA, it seemed plausible to use a projected harvest management plan as the “without” situation and to construct or obtain scenarios of old growth withdrawals as the “with” situation.
Subject to the terms and conditions of this Agreement, upon Borrower’s request, during the Draw Period, Bank shall make advances (each, a “Term B Loan Advance” and collectively, the “Term B Loan Advances”) available to Borrower in an aggregate original principal amount not to exceed the Term B Loan Commitment Amount.
Each Term B Loan Advance must be in an amount equal to at least Three Million Dollars ($3,000,000.00), or if there is a lesser amount remaining available under the Term B Loan Commitment Amount, the entire amount remaining available under the Term B Loan Commitment Amount.
Upon the Closing Date, each Bank shall make available to the Borrower a term loan (each being a “Term B Loan” and, collectively, the “Term B Loans”) in an amount by such Bank equal to its Term B Loan Commitment Amount, which Term B Loans shall refinance $15,000,000 of the Existing Revolving Loan Obligations.