Tranche A-1 Term Loan Commitment definition
Examples of Tranche A-1 Term Loan Commitment in a sentence
Such fee shall be computed on a daily basis and payable quarterly in arrears on the first day of each January, April, July and October during the term of this Agreement and on the expiration of the Tranche A-1 Term Loan Commitment Period or any earlier date of reduction of the Tranche A-1 Term Loan Commitments to zero.
Upon the expiration of the Tranche A-1 Term Loan Commitment Period, any unfunded Tranche A-1 Term Loan Commitment shall be immediately and automatically cancelled and no longer available for disbursement.
Each Tranche A-1 Term Loan Delayed Draw Advance shall be in a minimum amount of $25,000,000, and Borrower shall not be entitled to receive more than two (2) Tranche A-1 Term Loan Delayed Draw Advances during the Tranche A-1 Term Loan Commitment Period.