Examples of Term Loan Commitments in a sentence
If a Replacement Lender shall be accepted by the Administrative Agent who, at the time of determination, is neither an Uncured Defaulting Lender nor an Affiliate of an Uncured Defaulting Lender, then such Uncured Defaulting Lender shall assign its then remaining Term Loan Commitment and other rights and obligations related to unfunded Term Loan Commitments under this Agreement and all other Basic Documents to such Replacement Lender.
Administrative Agent, acting for this purpose as an agent of the Borrower, shall maintain at their offices in New York, New York, a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Term Loan Commitments of, and principal amount of the Advances owing to, each Lender pursuant to the terms hereof from time to time (the “Registers” and each individually, a “Register”).
The Term Loan Commitments shall terminate on the Term Loan Termination Date.
The provisions of Section 2.11, Section 11.03, and Article X shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Advances and the Term Loan Commitments or the termination of this Agreement or any provision hereof.
The assignment and assumption contemplated by this paragraph shall modify the ownership of obligations related to unfunded Term Loan Commitments only and shall not modify the Uncured Defaulting Lender’s rights and obligations, including, without limitation, all indemnity obligations hereunder, with respect to Advances previously funded.