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.
Each Lender shall make the amount of its Term Loan Commitment Percentage of the Term Committed Amount available to the Agent for the account of the Borrower at the address of the Agent set forth on the signature pages hereto, by 1:00 P.M. on the Funding Date and in funds immediately available to the Agent.
For the years ended December 31, 2003 and 2002, the Company recorded charges for other-than-temporary impairments relating to its investment portfolio in the aggregate amount of $30.7 million and $33.8 million, respectively.
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”).