Term Loan Tranche 3 Commitments definition
Examples of Term Loan Tranche 3 Commitments in a sentence
Unless previously terminated, upon the Term Loan Tranche 3 Commitment Termination Date, the Term Loan Tranche 3 Commitments shall thereupon automatically be terminated and the Term Loan Tranche 3 Commitment Amount of each Lender as of such date shall be reduced by such Lender’s Pro Rata Share of such total reduction in the Term Loan Commitments.
Unless previously terminated, upon the Term Loan Tranche 3 Commitment Termination Date, the Term Loan Tranche 3 Commitments shall thereupon automatically be terminated and the Term Loan Tranche 3 Commitment Amount of each Lender as of such date shall be reduced by such Xxxxxx’s Pro Rata Share of such total reduction in the Term Loan Commitments.
On the date the first advance in respect of the Term Loan Tranche 3 is funded, Borrowers shall pay Agent, for the benefit of all Lenders committed to make the Term Loan Tranche 3 on the date of such borrowing, in accordance with their Pro Rata Shares, a fee in an amount equal to the aggregate amount of all the Term Loan Tranche 3 Commitments multiplied by one half of one percent (0.50%).