Common use of Loan Commitments Clause in Contracts

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan to Company in an amount equal to such Lender’s Term Loan Commitment. The Company may make only one borrowing under the Term Loan Commitment, which borrowing may only occur on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.13, all amounts owed hereunder with respect to the Term Loans shall be Paid in Full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and fully without further action by any Person upon the funding of such Lender’s Term Loan Commitment on the Closing Date.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (ONE Group Hospitality, Inc.), Credit and Guaranty Agreement (ONE Group Hospitality, Inc.), Credit and Guaranty Agreement (ONE Group Hospitality, Inc.)

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Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan Term Loan to Company Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. The Company Borrower may make only one borrowing under the Closing Date Term Loan Commitment, Commitment which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a2.13(a) and 2.132.14, all amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Maturity Date applicable to such Term Loan Maturity DateLoans. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on the Closing Datesuch date.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (American Casino & Entertainment Properties LLC), First Lien Credit and Guaranty Agreement (American Casino & Entertainment Properties LLC), Second Lien Credit and Guaranty Agreement (American Casino & Entertainment Properties LLC)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan Term Loan to Company Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in an amount equal to such Lender’s Term Loan Commitment. The Company Lead Borrower may make only request one borrowing under the Term Loan Commitment, Commitment which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.13Section 2.12, all amounts owed hereunder with respect to the Term Loans Loan shall be Paid paid in Full full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on the Closing Datesuch date.

Appears in 3 contracts

Samples: Abl Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (Franchise Group, Inc.), Credit Agreement (Franchise Group, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan an Initial Term Loan to Company the Borrower in an amount equal to such Lender’s Initial Term Loan Commitment. The Company Borrower may make only one borrowing under the Initial Term Loan Commitment, Commitment which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a2.13, 2.14(a) and 2.132.15, all amounts owed hereunder with respect to the Initial Term Loans shall be Paid paid in Full full no later than the Term Loan Maturity DateDate with respect thereto. Each Lender’s Initial Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such Lender’s Initial Term Loan Commitment on the Closing Datesuch date.

Appears in 2 contracts

Samples: Credit Agreement (Fortress Transportation & Infrastructure Investors LLC), Credit Agreement (Intrawest Resorts Holdings, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan to Company Borrower (an “Initial Term Loan”) in an amount equal to such Lender’s Term Loan CommitmentCommitment then in effect. The Company Borrower may make only one borrowing under the Term Loan CommitmentCommitment in effect as of the Closing Date, which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a2.10(a) and 2.132.11, all amounts owed hereunder with respect to the Initial Term Loans shall be Paid paid in Full full no later than the Maturity Date applicable to such Initial Term Loan Maturity DateLoans. Each Lender’s Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on the Closing Datesuch date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Hamilton Lane INC), Credit and Guaranty Agreement (Hamilton Lane INC)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Second Lien Term Loan Commitment severally agrees to make, on the Closing Date, a term loan Second Lien Term Loan to Company Borrower in Dollars in an amount equal to such Lender’s Second Lien Term Loan Commitment. The Company Borrower may make only one borrowing under the Second Lien Term Loan Commitment, which borrowing may only occur on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a2.13(a) and 2.132.14, all amounts owed hereunder with respect to the Second Lien Term Loans shall be Paid paid in Full full no later than the Second Lien Term Loan Maturity Date. Each Lender’s Second Lien Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such Lender’s Second Lien Term Loan Commitment on the Closing Datesuch date.

Appears in 2 contracts

Samples: Counterpart Agreement (Arizona Chemical Ltd.), Second Lien Credit and Guaranty Agreement (Arizona Chemical Ltd.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan Closing Date Term Loan to Company Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. The Company Borrower may make only one borrowing under the Closing Date Term Loan Commitment, Commitment which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a2.13(a) and 2.132.14, all amounts owed hereunder with respect to the Closing Date Term Loans shall be Paid paid in Full full no later than the Term Loan Maturity Date. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on the Closing Datesuch date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (TerraForm Power, Inc.), Credit and Guaranty Agreement

Loan Commitments. (i) Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan an Initial Term Loan to Company in an amount equal not to exceed such Lender’s Initial Term Loan Commitment. The Company may make only one borrowing under the Initial Term Loan Commitment, Commitment which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a2.1(a)(i) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a2.13(a) and 2.132.14, all amounts owed hereunder with respect to the Initial Term Loans shall be Paid paid in Full full no later than the Term Loan Maturity Date. Each Lender’s Initial Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such Lender’s Initial Term Loan Commitment on the Closing Datesuch date.

Appears in 2 contracts

Samples: Security Agreement (X Rite Inc), First Lien Credit and Guaranty Agreement (X Rite Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with an Initial Term Loan Commitment severally agrees to make, on the Closing Date, a term loan an Initial Term Loan to the Company in an amount equal to such Lender’s Initial Term Loan Commitment. The Company may make only one borrowing under the Initial Term Loan CommitmentCommitments, which borrowing may only occur shall be on the Closing Date. Any amount Amounts borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.13Section 2.09, all amounts owed hereunder with respect to the Initial Term Loans shall be Paid paid in Full full no later than the Term Loan applicable Maturity Date. Each Lender’s Initial Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date, after giving effect to the funding of such Lender’s Initial Term Loan Commitment on the Closing Datesuch date.

Appears in 1 contract

Samples: Credit Agreement (NMI Holdings, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Initial Term Loan Lender severally agrees to make, on the Closing Date, a term loan an Initial Term Loan to Company in an amount equal to such Lender’s Initial Term Loan Commitment. The Company may make only one borrowing under the Initial Term Loan Commitment, Commitment which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a2.9(a) and 2.132.10, all amounts owed hereunder with respect to the Initial Term Loans shall be Paid paid in Full full no later than the Initial Term Loan Maturity Date. Each Initial Term Loan Lender’s Initial Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such Lender’s Initial Term Loan Commitment on the Closing Datesuch date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (J Crew Group Inc)

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Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan Tranche B Term Loan to Company Borrower in an amount equal to such Lender’s Tranche B Term Loan Commitment. The Company Borrower may make only one borrowing under the Tranche B Term Loan Commitment, Commitment which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a2.13(a) and 2.132.14, all amounts owed hereunder with respect to the Tranche B Term Loans shall be Paid paid in Full full no later than the Term Loan Maturity Date. Each Lender’s Tranche B Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such Lender’s Tranche B Term Loan Commitment on the Closing Datesuch date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Global Crossing LTD)

Loan Commitments. Subject to the terms and conditions hereof, each Term Lender severally agrees to make, on the Closing Date, a term loan Term Loan in Dollars to Company in an amount equal to such Lender’s Term Loan Commitment. The Company may make only one borrowing under the Term Loan Commitment (other than any Additional Term Loan Commitment, ) which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) 2.1 and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a2.13(a) and 2.132.14, all amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment (other than any Additional Term Loan Commitment) shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on the Closing Datesuch date.

Appears in 1 contract

Samples: Project    Description    Agreement (Covanta Holding Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Term Loan Commitment severally agrees to make, on the Closing Date, a term loan Term Loan to Company the Companies in an amount equal to such Lender’s Term Loan Commitment. The Company Companies may make only one borrowing under the Term Loan Commitment, Commitments which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.132.12, all amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment Commitment, if any, on the Closing Datesuch date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Primo Water Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan make Loans to Company Borrower in an amount equal to such Lender’s Term Loan Commitment. The Company Borrower may make only one borrowing under the Term Loan Commitment, which borrowing may only occur Commitment on the Closing Date in the amount of the Initial Term Loan Availability and one borrowing for the balance of the Term Loan Commitment (if any) on the Full Availability Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a2.12(a) and 2.13, all amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Full Availability Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on the Closing DateCommitment.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Movie Gallery Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, make a Term Loan to the Borrower on the Closing Date, a term loan to Company Date in an amount equal to such Lender’s Term Loan Commitment. The Company Borrower may make only one borrowing under the Term Loan Commitment, Commitment which borrowing may only occur shall be on the Closing Date. The Term Loans may be Eurodollar Rate Loans or Base Rate Loans, as provided herein. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a2.9, 2.10(a) and 2.132.11, all amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on the Closing Datesuch date.

Appears in 1 contract

Samples: Credit Agreement (Fortress Transportation & Infrastructure Investors LLC)

Loan Commitments. Subject to the terms and conditions hereof, ---------------- each Lender severally agrees to make, on the Closing Date, a term loan Term Loan A and Term Loan B, as applicable, to the Company in an amount equal to such Lender’s 's Term Loan Commitment. A Commitment and Term Loan B Commitment as set forth in Appendix A. The Company may make only one borrowing under the Term Loan Commitment, Commitments which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.13, all All amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Term Loan Maturity Date. Each Lender’s 's Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such Lender’s 's Term Loan Commitment on the Closing Datesuch date.

Appears in 1 contract

Samples: Credit Agreement (Mission Energy Holding Co)

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