Examples of Term Loan A-1 Commitments in a sentence
The Term Loan A-1 Commitments shall be automatically and permanently terminated on the Closing Date, after giving effect to any Committed Borrowings pursuant to Section 2.01(a).
Each Term Loan A-1 of a Term Loan A-1 Lender shall be in an amount equal to such Term Loan A-1 Lender’s Pro Rata Share of the principal amount of such Term Loan A-1 requested by the Borrower; provided, that the aggregate amount of all Term Loan A-1s made by the Term Loan A-1 Lenders hereunder shall not exceed the Term Loan A-1 Commitments.
Upon any reduction of the Delayed Draw Term Loan A-1 Commitments, the Delayed Draw Term Loan A-1 Commitment of each Lender shall be reduced by such Lender’s Applicable Percentage of such reduction amount.
All fees in respect of the Delayed Draw Term Loan A-1 Commitments accrued until the effective date of any reduction of the Delayed Draw Term Loan A-1 Commitments shall be paid on the effective date of such reduction.
The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Delayed Draw Term Loan A-1 Commitments under this Section 2.06.
The Borrower may, upon notice to the Administrative Agent, permanently reduce any or all undrawn amounts of the Delayed Draw Term Loan A-1 Commitments; provided that any such notice shall be received by the Administrative Agent not later than 1:00 p.m., five (5) Business Days prior to the date of termination or reduction and any such partial reduction shall be in an aggregate amount of $2,000,000 or any whole multiple of $1,000,000 in excess thereof.
The Term Loan A-1 Commitments shall be fully drawn, and shall automatically terminate, upon funding on the Closing Date.
The Administrative Agent shall give prompt notice (i) to each Revolving Lender of any such termination or reduction of the Revolving Commitments or the Swingline Commitment, (ii) to each Term Loan A-1 Lender of any such termination or reduction of the Term Loan A-1 Commitments and (iii) to each Term Loan A-2 Lender of any such termination or reduction of the Term Loan A-2 Commitments.
From and including the Execution Date to but excluding the earlier of the Closing Date and the Maturity Date, the Borrower agrees to pay to the Administrative Agent for the account of each Term Loan A-1 Lender according to its Pro Rata Share, a nonrefundable unused commitment fee (each a “Term Loan A-1 Unused Commitment Fee”) equal to the Applicable Unused Commitment Fee Rate multiplied by the Term Loan A-1 Commitments.
Any such reduction of the Term Loan A-1 Commitments shall be applied to the Term Loan A-1 Commitments of each Lender according to its Applicable Percentage.