Examples of Term Loan Availability Period in a sentence
The aggregate unfunded Delayed Draw Term Loan Commitments shall automatically terminate at the expiration of the Delayed Draw Term Loan Availability Period.
The commitment of each Multi-Draw Term Loan Lender described in this clause (f)(i) is herein referred to as its “Multi-Draw Term Loan Commitment.” During the Multi-Draw Term Loan Availability Period and on the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay and reborrow Multi-Draw Term Loans.
Each Lender’s Term Loan Commitment shall (1) be reduced upon the making of a Term Loan Advance by such Lender pursuant to Section 2.01(b), by the amount of such Term Loan Advance and (2) terminate immediately and without further action on the last day of the Term Loan Availability Period.
Subject to the terms and conditions hereof, in a single borrowing during the Term Loan Availability Period, each Term Loan Lender severally and not jointly agrees to make a Term Loan to the Company in the aggregate principal amount equal to such Lender’s Term Loan Commitment Percentage of up to $750,000,000 (the “Initial Term Loan Amount”), in accordance with the terms hereof.
On the last day of the Equipment Term Loan Availability Period, all outstanding Equipment Term Loan Commitments shall be permanently terminated.