Examples of Term Commitments in a sentence
The 2024 Term Commitments will terminate in full upon the making of the Loans referred to in clause (a) above.
The Borrower shall pay to the Administrative Agent for the account of each Delayed Draw Term Lender in accordance with its Pro Rata Share, a commitment fee (a “Delayed Draw Commitment Fee”) in Dollars, equal to the product of (i) 0.35% per annum and (ii) the actual daily amount by which the aggregate Delayed Draw Term Commitments exceed the Outstanding Amount of Delayed Draw Term Loans.
On and after the Effective Date, unless the context shall otherwise require, (a) the 2024 Term Loans shall be deemed to constitute “2024 Term Loans” and “Term Loans”, (b) the 2024 Term Commitments shall be deemed to constitute “2024 Term Loan Commitments”, “Term Commitments” and “Commitments” and (c) each of the 2024 Term Loan Lenders shall be deemed to constitute a “2024 Term Loan Lender” and “Term Lender”, in each case, for all purposes under the Amended Credit Agreement or any other Loan Document.
The Initial Euro Term Borrowing shall consist of Initial Euro Term Loans made simultaneously by the Euro Term Lenders in accordance with their respective Euro Term Commitments.
The Initial Term B Borrowing shall consist of Initial Term B Loans made simultaneously by the Term B Lenders in accordance with their respective Term Commitments.