Examples of Term Loan Commitment Period in a sentence
Term Loan Unused Fees accrued through and including the last day of each March, June, September and December of each year shall be payable in arrears on the fifteenth day following such last day and on the last day of the Term Loan Commitment Period, commencing on the first such date to occur after the Closing Date.
The Delayed Draw Term Loan Commitment of each Delayed Draw Term Loan Lender (along with the Aggregate Delayed Draw Term Loan Commitment) shall be reduced by the amount of each such advance made by such Delayed Draw Term Loan Lender on the date that each such advance is made, and the Delayed Draw Term Loan Commitment of each Delayed Draw Term Loan Lender, along with the Aggregate Delayed Draw Term Loan Commitment, shall terminate on the last day of the Delayed Draw Term Loan Commitment Period.
The Term Loan Commitments of the Term Loan Banks to make the Term Loans (other than the New Term Loan Commitments, which shall be governed by Section 9.17) shall expire on the last day of the Term Loan Commitment Period (regardless of the failure of the Borrower to fully utilize the Term Loan Commitments) and the Term Loan Amount shall be reduced by the amount of such expired Term Loan Commitments.
No more than two (2) separate advances during any calendar month period under the Aggregate Delayed Draw Term Loan Commitment shall be permitted during the Delayed Draw Term Loan Commitment Period.
The Borrower shall pay to the Administrative Agent for the account of each Term Loan Bank (in accordance with its Term Loan Commitment Percentage), an unused fee (the “Term Loan Unused Fee”) which shall accrue and be payable on the daily amount of the unused Term Loan Commitments for the period beginning on the Closing Date, and continuing through the last day of the Term Loan Commitment Period, at the Ticking Fee Rate on the sum of the average daily unused portion of the Term Loan Commitment.