Term Loan C Commitments definition
Examples of Term Loan C Commitments in a sentence
Upon the occurrence of any Event of Default described in SECTIONS 7.1(F) or 7.1(G), the Term Loan C Commitments shall be immediately terminated and all of the Obligations, shall automatically become immediately due and payable, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other requirements of any kind, all of which are hereby expressly waived by Borrower, and the Term Loan C Commitments shall thereupon terminate.
Each Advance under the Term Loan C Commitment shall be made pro rata on the basis of the applicable Commitment Ratios of the Lenders having Term Loan C Commitments.
The agreement in the preceding sentence shall survive the termination of the Term Loan C Commitments and the payment in full of the Obligations.
Each such notice shall specify the date (an "INCREASE EFFECTIVE DATE") on which the Borrower proposes that the increased or new Term Loan C Commitments shall be effective, which date shall be a date not less than ten (10) Business Days after such request is delivered to the Agent.
Without prejudice to the survival of any other agreements contained herein, indemnification and reimbursement obligations contained herein (including pursuant to Sections 2.13, 2.14, 2.15 and 9.05) shall survive the payment in full of the principal and interest hereunder, and the termination of the Term Loan C Commitments or this Agreement.
The Lenders having Term Loan C Commitments agree severally, and not jointly, upon the terms and subject to the conditions of this Agreement to lend to the Borrower on the Agreement Date amounts which do not exceed, (i) in the aggregate at any one time outstanding, the Term Loan C Commitments and, (ii) individually, such Lender's Term Loan C Commitment; PROVIDED, HOWEVER, that amounts repaid under the Term Loan C Commitments may not be reborrowed.
With respect to any Advance under the Term Loan C Commitments, the Applicable Margin shall be as set forth in a certificate of the chief financial officer of the Borrower delivered to the Administrative Agent based upon the Total Leverage Ratio for the most recent fiscal quarter end for which financial statements are furnished by the Borrower to the Administrative Agent and each Lender as follows: A.
The sum of the Term Loan C Commitments of the Term Loan C Lenders, as in effect from time to time.
All Term Loan C Commitments shall terminate on the Closing Date promptly following the making of the Term Loans C.
The Borrower hereby acknowledges that all "Obligations" in respect of the "Term Loan C Loans" outstanding under the "Term Loan C Commitment" (as such terms are defined in the Prior Agreement) shall be deemed to have been made to the Borrower as Advances under the Term Loan C Commitments hereunder and shall constitute a portion of the Obligations.