Examples of Term C Loan Commitment in a sentence
It is in this vein that semantics play a key role, especially in the joint military environment.
Subject to the terms and conditions hereof, each Term C Lender severally agrees to make to the Borrower, and the Borrower may request, on the Closing Date, term loans in an aggregate principal amount of such Lender’s Closing Date Term C Loan Commitment.
The Borrower may make only one borrowing under the Term C Loan Commitment, which will be on the Closing Date.
The Agents shall have received executed counterparts of this Amendment Agreement, duly executed and delivered on behalf of each of the Borrower, the Parent Guarantors and the Required Lenders (which shall include (a) those Lenders holding greater than 50% of the aggregate amount of the Loans outstanding under each Tranche and (b) each Lender that has an Additional Term C Loan Commitment).
Each Lender’s Term C Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term C Loan Commitment on such date.