Examples of Term C Loan Commitments in a sentence
The Term C Loans shall be advanced in a single Borrowing on the First Amendment Closing Date and shall be made ratably by the Lenders in proportion to their respective Term C Loan Percentages, at which time the Term C Loan Commitments shall expire.
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).
The Term C Loans shall be available, subject to the terms and conditions hereof, in two drawings: (i) an initial drawing on the Closing Date in an aggregate principal amount of $100,000,000 (such Term C Loan made on the Closing Date being referred to herein as the “Initial Term C Loans”) and (ii) a second drawing (any such Term C Loan made in such second draw being a “Delayed Draw Term C Loan”) not later than the Commitment Termination Date of the remaining Available Term C Loan Commitments of the Lenders.
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.
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 Term C Loan Conversion shall be applied on a pro rata basis, first, to the Delayed Draw Term C Loan Commitments of each Lender and, then, if Term C Loans are being converted, to the Term C Loans of each Term C Lender.
The amount of each Lender's unfunded Term C Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate amount of the unfunded Term C Loan Commitments is $35,000,000.
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.
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 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.