Examples of Term C Loan Commitments in a sentence
Notwithstanding the forgoing or anything else in this Agreement or the other Credit Documents to the contrary, it is understood that the amount of the Term C Loan Commitments as of the Closing Date is $0 and no Term C Loans were borrowed by the Borrower on the Closing Date and the other provisions in this Agreement regarding the Term C Loans (including the provisions regarding a Term C Loan Payment Event of Default and Term C Loan Payment Cross Default) shall be inoperative.
On each Drawdown Date, the Term C Loan Commitments to make Term C Loans on such date shall be reduced concurrently with the making of the Term C Loans on such Drawdown Date in the amounts of such Term C Loans made.
Notwithstanding any other provision of this Agreement, undrawn Closing Date Term C Loan Commitments shall automatically terminate on the Closing Date upon the funding of Term C Loans pursuant to this Section 2.01(b).
Each such increase may apply to the Revolving Commitments, the Term A Loan Commitments, the Term B Loan Commitments, or the Term C Loan Commitments, as may be determined by Borrower and the Lenders providing such increase.
The Term A Loan Commitments shall terminate on the Closing Date upon the making of the Term A Loans pursuant to Section 2.1. The Term B Loan Commitments shall terminate on the Closing Date upon the making of the Term B Loans pursuant to Section 2.1. The Term C Loan Commitments shall terminate on the Closing Date upon the making of the Term C Loans pursuant to Section 2.1. Any commitments with respect to Additional Term Loans shall terminate on the date such Additional Term Loans are funded.
The amount of each Lender's Term C Loan Commitment is set forth opposite its name in Schedule 2.1 annexed hereto; provided that the Term C Loan Commitments of the Lenders shall be adjusted to give effect to any assignments of the Term C Loan Commitments pursuant to subsection 10.1B.
The Term C Loans may be, from time to time, Base Rate Borrowings or Eurodollar Borrowings or a combination thereof; provided, that on the Closing Date all Borrowings of the Term C Loans shall be Base Rate Borrowings unless the Borrowers have executed a funding indemnity letter in favor of the applicable Lenders in form and substance satisfactory to the Lenders having Term C Loan Commitments.
Borrower agrees that in the event that the Term C Loan Draw Conditions are met on or before August 31, 2011 (and provided no Event of Default has occurred and is continuing) that Borrower will draw the full amount of the Term C Loan Commitments during the Term C Loan Draw Period.
The Agents shall have received counterparts hereof executed on behalf of the Obligors, and the Administrative Agent shall have confirmed to the Obligors and the Syndication Agent that it has received (i) from the Required Lenders their respective consents hereto and (ii) from one or more new or existing Lenders their respective agreements to provide, in the aggregate, Term C Loan Commitments in an amount at least equal to the Term C Loan Commitment Amount.
Company may make only one borrowing under the Term C Loan Commitments.