Examples of Term Credit Commitments in a sentence
Only one borrowing may be made under the Term Credit Commitments and any part of the Term Credit Commitments not borrowed shall automatically terminate on the date the Borrower obtains any Term Loans hereunder.
The meeting will be held at the home of Gladys DuPuis and starts at 10:30 a.m. Gifts will be exchanged and Christmas decorating ideas discussed.Mr. and Mrs.
The Term Credit Commitments will be available for use from the Effective Date until the Final Term Credit Availability Date to assist in refinancing the 2012 Notes.
The Borrower shall pay to the Administrative Agent for the account of and distribution to each Term Lender in accordance with its Applicable Percentage a standby fee for the period commencing on the Effective Date to and including the Final Term Credit Availability Date (or such earlier date as the Term Credit Commitments shall have been terminated entirely) computed at a rate per annum equal to the Applicable Margin on the average daily excess amount of the Term Commitments over the Term Credit Exposure.
Each Term Loan shall be made as part of a Borrowing consisting of Term Loans made by the Term Credit Lenders rateably in accordance with their respective Term Credit Commitments.