Unused Term Loan Commitment definition

Unused Term Loan Commitment means, with respect to any Lender at any time, (a) such Lender’s Term Loan Commitment at such time minus (b) the aggregate principal amount of all Term Loan Advances, made by such Lender (in its capacity as a Lender) and outstanding at such time.
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Unused Term Loan Commitment means, in the case of each Lender, as of the date as of which the amount thereof shall be determined, the positive difference, if any, between (i) the amount of such Lender's Term Loan Commitment as of such date and (ii) such Lender's Term Loan Commitment Percentage of the Total Term Loan Commitment Amount as of such date.
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Unused Term Loan Commitment means, at any date, with respect to any Bank, an amount equal to its Term Loan Commitment less the aggregate amount of Term Loan Advances which it has made.
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Examples of Unused Term Loan Commitment in a sentence

  • All Unused Term Loan Commitment Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days.

  • 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.

  • If the Term Loan Advances are accelerated following the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of: (i) all outstanding principal plus accrued and unpaid interest, plus (ii) the Prepayment Fee, (iii) the Final Payment, (iv) the Unused Term Loan Commitment Fee, and (iv) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

  • 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.

  • Borrower shall pay to Administrative Agent for the account of Lenders, based on each Lender's pro-rata share, a non-refundable, recurring Unused Fee calculated by applying an annual rate of 0.250% to the Unused Revolving Loan Commitment and the Unused Term Loan Commitment as of the last day of each fiscal month of Borrower.

  • 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.

  • 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" for each fiscal month shall be the difference between (i) the amount of the Aggregate Term Loan Commitment as of the last day of such fiscal month, and (ii) the Aggregate Xxxx Xxxx xx xx xxx xxxx xxx xf such fiscal month.

  • The Unused Term Loan Commitment Fee due to each Lender shall commence to accrue on the date on which the Interim Financing Order is entered and shall cease to accrue on the date on which the applicable Commitments have been terminated pursuant to this Agreement.

  • The Unused Term Loan Commitment Fee due to each Lender shall commence to accrue on the date on which the Final Financing Order is entered and shall cease to accrue on the date on which the applicable Commitments have been terminated pursuant to this Agreement.


More Definitions of Unused Term Loan Commitment

Unused Term Loan Commitment for each fiscal month shall be the difference between (i) the amount of the Aggregate Term Loan Commitment as of the last day of such fiscal month, and (ii) the Aggregate Xxxx Xxxx xx xx xxx xxxx xxx xf such fiscal month. The Unused Fee shall be payable monthly in arrears on the 25th day of each month for the prior fiscal month, and on the Revolving Loan Maturity Date or the Term Loan Maturity Date, whichever is later.
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Related to Unused Term Loan Commitment

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make or otherwise fund the Tranche A Term Loan and “Tranche A Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of the Tranche A Term Loan Commitments as of the Closing Date is $5,000,000.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.

  • Unused Revolving Credit Commitment of any Lender, at any time, means the remainder of the Revolving Credit Commitment of such Lender at such time, if any, less the sum of (a) the aggregate Outstanding Amount of Revolving Loans made by such Lender, (b) such Lender’s LC Exposure at such time and (c) except for purposes of Section 2.12(a), such Lender’s Applicable Percentage of the aggregate Outstanding Amount of Swingline Loans.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).