Term Loan I Commitment definition

Term Loan I Commitment as to any Lender, the obligation of such Lender to make Tranche I Term Loans to the Borrower in an aggregate principal amount not to exceed the amount set forth opposite such Lender's name on Schedule I under the column captioned "Term Loan I Commitment", in each case as such amount may be changed from time to time in accordance with the terms of this Agreement.
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Term Loan I Commitment means, as to each Lender, its obligations to make its portion of the Term Loan I to the Borrowers pursuant to Section 2.01 in the principal amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
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Term Loan I Commitment means, with respect to each Term Loan-I Lender, the commitment of such Lender to make a Term Loan-I pursuant to Section 2.1 as set forth on Schedule 1.1, as such Lender's Term Loan-I Commitment may be permanently terminated or reduced from time to time pursuant to Section 2.21 or 2.23 or changed pursuant to Section 8.4.
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Examples of Term Loan I Commitment in a sentence

  • Subject to the terms and conditions hereof, each Term Loan I Lender severally agrees to make Term Advances under the Term Loan I Facility in Dollars to the Borrower from time to time during the Term Loan I Commitment Period in an aggregate principal amount equal to the amount of such Term Lender’s then-applicable Term Loan I Commitment Amount; provided that no Term Loan I Lender shall be required to make more than three (3) Term Advances in connection with the Term Loan I Facility.

  • The Term Loan I Lenders shall have no obligation to make Term Advances under the Term Loan I Facility after the last Business Day of the Term Loan I Commitment Period.

  • Subject to the other terms and conditions of this Agreement, if not sooner borrowed, prior to the last Business Day of the Term Loan I Commitment Period the Borrower shall borrow the amount of the Available Term Loan I Commitments prior to giving effect to such Term Advance.

  • The term loan facility under this Section 2.1(b) is not a revolving facility; once the sum of all Term Advances made by a Term Lender under the Term Loan I Facility is equal to the amount of such Term Lender’s Term Loan I Commitment Amount, such Term Lender shall have no further obligation to make any additional advances to the Borrower under the Term Loan I Facility, whether or not any amounts are repaid thereunder.

  • Subject to the terms and conditions set forth herein, each Lender severally agrees to make, on the First Amendment Effective Date, its portion of a separate TWENTY SEVEN MILLION FIVE HUNDRED THOUSAND DOLLAR ($27,500,000) term loan (identified as Loan 6226610 by NWFCS) to the Borrowers in Dollars in an amount not to exceed such Lender’s Term Loan I Commitment (“Term Loan I”).

  • No reductions of the Term Loan I Commitment Amounts shall be permitted during the Term Loan I Commitment Period, no reductions of the Term Loan II Commitment Amounts shall be permitted during the Term Loan II Commitment Period and no reductions of the Term Loan III Commitment Amounts shall be permitted during the Term Loan III Commitment Period.

  • No reductions of the Term Loan I Commitment Amounts shall be permitted during the Term Loan I Commitment Period, and no reductions of the Term Loan II Commitment Amounts shall be permitted during the Term Loan II Commitment Period.