Examples of Total Term Commitments in a sentence
The Total Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing.
The Term Borrowing shall be in the amount requested by the Borrower not in excess of the Total Term Commitments and shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Percentages of the Term Loan Facility.
Notwithstanding anything to the contrary herein, the Term Commitments that are funded on any Term Loan Facility Closing Date shall be terminated upon such funding and, if the Total Term Commitments as of such Term Loan Facility Closing Date are not drawn on such Term Loan Facility Closing Date, any Term Commitments in respect of the undrawn amount under such Term Loan Facility shall automatically be terminated.
The Total Term Commitments shall be reduced on the date on which any payments of principal on the Term Loans are made in an aggregate amount equal to such payments.
The Existing Credit Agreement is deemed to be amended initially pursuant to the fourth paragraph of Section 10.1 of the Existing Credit Agreement to refinance (the “Refinancing”) all outstanding “Term Loans” (as such term is defined in the Existing Credit Agreement) and then to be amended pursuant to the first paragraph of Section 10.1 to affect the other modifications set forth in the Credit Agreement (including increasing the Total Term Commitments to $375,000,000).