Examples of Term Loan in a sentence
Such Advances shall be made pro rata with respect to other Facility Agreements in accordance with the committed principal amounts under the Term Loan Commitment subject to and in accordance with Section 2.4 (Pro Rata Advances) of the Common Terms Agreement.
For the avoidance of doubt, such Advances shall constitute a Term Loan for all purposes under this Agreement and each other Finance Document and shall be treated as received, and accounted for as a Term Loan, by the Borrower.
Neither the Credit Facility Agent nor the Term Lenders are under any obligation hereunder to inquire into or verify the application of any Term Loan but this does not affect or limit the Obligors’ obligations hereunder or under the Common Terms Agreement.
The Obligors shall not request or apply any portion of any Term Loan other than in accordance with this Section 2.1 (Term Loans), Sections 2.02 (Term Loan Availability) and 2.10 (Use of Proceeds) of this Agreement and Sections 2.3 (Disbursement Procedures), 2.4 (Pro Rata Advances), 2.6 (Currency) and 12.1 (Use of Proceeds) of the Common Terms Agreement.
The aggregate amount of the Base Term Loan Commitments as of the Closing Date is $[***], and the aggregate amount of the Contingency Reserve Term Loan Commitments as of the Closing Date is $[***].