Term Loan Availability Expiration Date definition
Examples of Term Loan Availability Expiration Date in a sentence
Lender agrees to make a term loan to the Company in a principal amount not to exceed the Term Loan Amount set forth in the Term Note (the “Term Loan”) upon the request of the Company made in accordance with the terms of the Term Note and this Agreement; provided, however, that the Term Loan shall be made in a single advance on or before the Term Loan Availability Expiration Date.
Each Lender, severally and not jointly, agrees to ---------- lend to Borrower, during the period commencing on the date all conditions precedent set forth in Subsections 7.1 and 7.2 are satisfied or waived as provided herein and ending on the Term Loan Availability Expiration Date, its Pro Rata Share of each Term Loan; provided that the aggregate principal amount -------- of all Term Loans advanced may not exceed the Available Term Loan Commitment.
From the Closing Date through the ------------------------ Term Loan Availability Expiration Date, Borrower shall pay Administrative Agent, for the benefit of all Lenders (based upon their respective Pro Rata Shares of the Term Loan Commitment), a fee in an amount equal to (i) the Term Loan Commitment less the average daily ---- outstanding balance of Term Loans during the preceding calendar quarter multiplied by (ii) the Applicable Commitment Fee Percentage.
Such fee is to paid ---------- -- quarterly in arrears on the last day of each calendar quarter for such calendar quarter (or a portion thereof) with the final such payment due on the Term Loan Availability Expiration Date.
At any time prior to the Supplemental Term Loan Availability Expiration Date, subject to the requirements of this subsection 2.1A(iv) and the other terms and conditions of this Agreement and in reliance upon the representations and warranties of Borrower herein set forth, Borrower may propose to incur Supplemental Term Loans in accordance with clause (b) of this subsection 2.1A(iv) to be used solely for the purposes identified in subsection 2.5C.
Until the Additional Credit Agreement Term Loan Availability Expiration Date, (i) a portion of the Commitments equal to $910,000,000 (the "Revolver Reserve") shall be reserved and available for funding only to make Acquisition Payments and (ii) the Company shall not request funding of the Revolver Reserve for any other purpose.
CoBank agrees to lend to Borrower, during the --------- period commencing on the date all conditions precedent set forth in Subsections 7.1 and 7.2 are satisfied or waived and ending on the Business Day immediately preceding the Term Loan Availability Expiration Date, the Term Loan in multiple advances; provided, that the aggregate principal amount of such advances may not exceed the Term Loan Commitment.
From the Closing Date through the Term Loan Availability Expiration Date, Borrower shall pay CoBank a fee in an amount equal to the Term Loan Commitment less the average daily outstanding balance of Term Loan multiplied by 0.25% per annum.
Prior to the Supplemental Term Loan Availability Expiration Date and upon not more than two occasions, subject to the requirements of this subsection 2.1A(ii) and the other terms and conditions of this Agreement and in reliance upon the representations and warranties of Company herein set forth, Company may propose to incur Supplemental Term Loans in accordance with clause (b) of this subsection 2.1A(ii) to be used solely for the purposes identified in subsection 2.5B.
On the Additional Credit Agreement Term Loan Availability Expiration Date, the Revolver Reserve shall be abated and terminated in its entirety, and the Company thereafter may borrow, repay and (until the Termination Date and subject to Section 7.02) reborrow for any general corporate purpose the portion of the Commitments that previously had been reserved as part of the Revolver Reserve.