Term Loan Commitment definition
Examples of Term Loan Commitment in a sentence
Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Term Lender agrees, severally and not jointly, to make a single loan (each such loan, a “ Term Loan ”) to the Borrower in Dollars on the Closing Date in an principal amount not exceeding such Term Lender’s Term Loan Commitment .
Subject to the terms and conditions hereof, each Lender severally (and not jointly) agrees to make loans to the Borrower in Dollars and in a single Credit Extension on the Closing Date (“Initial Term Loans”), in an aggregate amount such that the Initial Term Loans of such Lender does not exceed such Xxxxxx’s Term Loan Commitment.
The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice; provided that the information contained in the Register which is shared with each Lender (other than the Administrative Agent and its Affiliates) shall be limited to the entries with respect to such Lender including the Term Loan Commitment of, or principal amount of and stated interested on the Loans owing to such Lender.
Any Incremental Term Loan Commitment shall terminate as provided in the applicable Incremental Assumption Agreement .