Examples of Unused Term Loan Commitment in a sentence
The Borrower agrees to pay to the Administrative Agent for the account of each Term Lender a ticking fee at a rate per annum determined in accordance with the table set forth in the definition of “Applicable Rate”, on the daily maximum Unused Term Loan Commitment of such Term Lender, which ticking fee shall accrue during the period commencing on February 16, 2021 through and including the date of the termination of all of the Term Loan Commitments.
Nor is he liable, although the corporation had a regular attorney, for the employment of additional counsel in a suit against him and the other directors, personally, for maladministration, if the suit involved also the interest of the corporation, and the expenditure was reasonable and beneficial to the company, particularly where the directors knew of the employment, and made no objection.
Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each a “Term Loan Advance”) to the Borrowers from time to time on any Business Day during the period from the Closing Date until the Term Loan Commitment Termination Date in a principal amount for each such Term Loan Advance not to exceed such Lender’s Unused Term Loan Commitment at such time.
Collectively, the Revolver Commitment Fee and the Unused Term Loan Commitment Fee.
Simultaneously with each reduction or termination of the Term Loan Commitment, the Borrower shall pay to the Administrative Agent for the account of each applicable Lender the Commitment Fee accrued and unpaid on the amount of the Unused Term Loan Commitment of such Lender so terminated or reduced through the date thereof.
NMC RALLYING THE SUPPORT OF AFRICAN COUNTRIES TO ORGANIZE THE FIRST AFRICAN INFORMATICS OLYMPIAD 2009, NRC signed a contract to produce this vaccine with the holding company for biological product and vaccines – VACERA.
During the period from (and including) the Effective Date to (but excluding) the earliest of (i) the Term Loan Facility Maturity Date, (ii) the date the Total Term Loan Commitment has been wholly advanced or has been reduced to zero, and (iii) the date that the Unused Term Loan Commitment has been reduced to zero, Inco shall pay to the Administrative Agent for the benefit of the Term Loan Lenders an aggregate commitment fee in respect of the Term Loan Facility (the “Term Loan Facility Commitment Fee”).
Each Commitment Fee shall be payable at a per annum rate equal to (x) the applicable commitment fee rate set forth on in the table below (the “Applicable Commitment Fee Rate”) times (y) the Unused Term Loan Commitment or the Unused Bridge Loan Commitment, as applicable, for each day of such period.
The Unused Term Loan Commitment Fee shall be payable in arrears on the first day of each calendar quarter for the immediately preceding calendar quarter commencing on the first such date following the date hereof, with a final payment on the date the AutoDiagnos Term Loan is fully funded or any earlier date on which the Banks' commitments to make such Loan have terminated.
Simultaneously, it increases the error by up to 10, 65, 5 % respectively.