Examples of Term Loan Committed Amount in a sentence
In consideration of the Commitments, the Borrower agrees to pay to the Administrative Agent for the ratable benefit of the Lenders a commitment fee (the “ Delayed Draw Commitment Fee ”) in an amount equal to the Applicable Percentage per annum on the average daily unused amount of the Delayed Draw Term Loan Committed Amount then in effect (other than that portion attributable to the Defaulting Lenders, if any).
All outstanding Commitments shall automatically terminate on the earlier of (x) the Delayed Draw Funding Date and(y) the Delayed Draw Termination Date, whether or not the full amount of available Delayed Draw Term Loan Committed Amount are borrowed.
The Delayed Draw Term Loan Committed Amount shall be permanently reduced and the DDTL Commitments shall automatically terminate on the earlier to occur of (i) the close of business on the last day of the Delayed Draw Availability Period and (ii) the Delayed Draw Funding Date.2.6 Incremental Term Loans.
Subject to and upon the provisions of this Agreement, the Lender agrees to make a loan (the "Term Loan") to the Borrower on the Closing Date in the principal amount of Ten Million Dollars ($10,000,000) (herein called the "Term Loan Committed Amount").
The following definitions are hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order: “Credit-Linked Committed Amount” shall mean the Term Loan Committed Amount plus the Credit-Linked LOC Committed Amount.