Examples of Term Credit Commitment in a sentence
Any undrawn portion of any Term Credit Commitment shall be cancelled immediately following the Closing Date.
Any undrawn portion of any Term Credit Commitment shall be cancelled at the close of business in Toronto, Ontario on the Final Term Credit Availability Date.
The Term Loan made by each Lender to the Borrower shall be evidenced by a term loan note of the Borrower (individually a "Term Loan Note" and collectively the "Term Loan Notes") payable to the order of such Lender in the amount of its Term Credit Commitment, with each such Term Loan Note to be in the form (with appropriate insertions) attached hereto as Exhibit B.
The amount of each Term Loan which each Lender so made to the Borrower is as set forth opposite such Lender's signature hereto under the heading "Term Credit Commitment" (collectively, the "Term Credit Commitments" and individually, a "Term Credit Commitment").
Loans made by each Lender shall be evidenced by the Note payable to the order of such Lender in the respective amount of its Applicable Commitment Percentage of the Total Short Term Credit Commitment, which Note shall be dated the Closing Date or a later date pursuant to an Assignment and Acceptance and shall be duly completed, executed and delivered by the Borrower.