Term Committed Amount definition
Examples of Term Committed Amount in a sentence
Subject to the terms and conditions of this Agreement, on the Closing Date each Lender severally and not jointly agrees to make a Loan to UK Borrower in Sterling in an amount equal to its Applicable Percentage of the Term Committed Amount, in a single Base Rate Loan (subject to conversion to a Eurocurrency Rate Loan pursuant to Section 2.03) which when prepaid or repaid may not be reborrowed (the “Term Facility”).
The Term Commitments shall terminate automatically immediately after the making of the Term Loans on the Closing Date (and for for all Lenders was equal to the Term Committed Amount.
Subject to the terms and conditions of this Agreement, Lender agrees to make a term loan to Borrower in an amount equal to the Term Committed Amount in a single Loan on the Term Loan Closing Date which, when paid or prepaid, may not be reborrowed (the “Term Facility”).
A SNIPPET OF THE NATIONAL TREASURY PRESS STATEMENT Rollovers in counties cannot be discussed exclusively from the basis of slow/delayed disbursements.
Amounts repaid on the Term Loan may not be reborrowed and shall automatically reduce the Term Committed Amount by the amount of the repayment.