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 Effective Date, a Term Loan to Company in an amount equal to such Lender's Term Loan Commitment. Company may make only one borrowing under each Lender's Term Loan Commitment which shall be on the Effective Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a) and 2.15, 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 without further action on the Effective Date after giving effect to the funding of such Lender's Term Loan Commitment on such date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Berry Plastics Corp), Credit and Guaranty Agreement (BPC Holding Corp)

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Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Effective Closing Date, a Term Loan to Company Borrower in an amount equal to such Lender's ’s Term Loan Commitment. Company Borrower may make only request one borrowing under each Lender's the Term Loan Commitment which shall be on the Effective 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 2.14(a) Section 2.11 and 2.15Section 2.12, all amounts owed hereunder with respect to the Term Loans Loan shall be paid in full no later than the Term Loan Maturity Date. Each Lender's ’s Term Loan Commitment shall terminate immediately and without further action on the Effective Closing Date after giving effect to the funding of such Lender's ’s Term Loan Commitment on such date.

Appears in 2 contracts

Samples: Credit Agreement (Liberty Tax, Inc.), Credit Agreement (Franchise Group, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Effective Term Loan Funding Date, a Term Loan to Company the Borrower in an amount equal to such Lender's Term Loan Commitment. Company Borrower may make only one borrowing under each Lender's the Term Loan Commitment which shall be on the Effective Term Loan Funding Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a2.13(a) and 2.152.14, 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 without further action on the Effective Term Loan Funding Date after giving effect to the funding of such Lender's Term Loan Commitment on such date.

Appears in 2 contracts

Samples: First Lien Credit and Guaranty Agreement (Gentek Inc), Credit and Guaranty Agreement (Gentek Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Effective Closing Date, a Term Loan to Company in an amount equal to such Lender's Term Loan Commitment. Company may make only one borrowing under each Lender's the Term Loan Commitment which shall be on the Effective Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a2.13(a) and 2.152.14, 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 without further action on the Effective Closing Date after giving effect to the funding of such Lender's Term Loan Commitment on such date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Mariner Health Care Inc), Credit and Guaranty Agreement (Belden & Blake Corp /Oh/)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Effective Closing Date, a Term Loan to Company in an amount equal to such Lender's ’s Term Loan Commitment. Company may make only one borrowing under each Lender's the Term Loan Commitment which shall be on the Effective Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a2.13(a) and 2.152.14, 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 ’s Term Loan Commitment shall terminate immediately and without further action on the Effective Closing Date after giving effect to the funding of such Lender's Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Kraton Polymers LLC)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Term Loan Commitment severally agrees to make, on the Effective Closing Date, a Term Loan to Company in an amount equal to such Lender's ’s Term Loan Commitment. Company may make only one borrowing under each Lender's the Term Loan Commitment Commitments which shall be on the Effective 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 2.14(a) 2.11(a), 2.12 and 2.152.13, 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 ’s Term Loan Commitment shall terminate immediately and without further action on the Effective Closing Date after giving effect to the funding of such Lender's ’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Madison Square Garden Co)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Effective Closing Date, a Term Loan to Company in an amount equal to such Lender's ’s Term Loan Commitment. Company may make only one borrowing under each Lender's the Term Loan Commitment which shall be on the Effective Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a2.12(a) and 2.152.13, 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 ’s Term Loan Commitment shall terminate immediately and without further action on the Effective Closing Date after giving effect to the funding of such Lender's ’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Entravision Communications Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Effective Funding Date, a Term Loan to Company Borrower in an amount equal to such Lender's Term Loan Commitment. Company Borrower may make only one borrowing under each Lender's the Term Loan Commitment which shall be on the Effective Funding Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a) 2.13 and 2.152.14, 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 without further action on the Effective Funding Date after giving effect to the funding of such Lender's Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (3com Corp)

Loan Commitments. Subject to the terms and conditions hereof, ---------------- each Lender severally agrees to make, on the Effective Closing Date, a Term Loan to Company in an amount equal to such Lender's Term Loan Commitment. Company may make only one borrowing under each Lender's the Term Loan Commitment which shall be on the Effective Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a2.11(a) and 2.152.12, 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 without further action on the Effective Closing Date after giving effect to the funding of such Lender's Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ipc Acquisition Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Effective Closing Date, a Term Loan to Company in an amount equal not to exceed such Lender's ’s Term Loan Commitment. Company may make only one borrowing under each Lender's the Term Loan Commitment which shall be on the Effective 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 2.14(a2.13(a) and 2.152.14, 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 ’s Term Loan Commitment shall terminate immediately and without further action on the Effective Closing Date after giving effect to the funding of such Lender's ’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (X Rite Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Effective Closing Date, a Term Loan to Company in an amount equal to such Lender's ’s Term Loan Commitment. Company may make only one borrowing under each Lender's the Term Loan Commitment which shall be on the Effective Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a) 2.11, 2.12 and 2.152.13, all amounts owed hereunder with respect to the Term Loans Loan shall be paid in full no later than the Term Loan Maturity Date. Each Lender's ’s Term Loan Commitment shall terminate immediately and without further action on the Effective Closing Date after giving effect to the funding of such Lender's ’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Mortons Restaurant Group Inc)

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Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Effective Closing Date, a Term Loan to Company in an amount equal to such Lender's Term Loan Commitment. Company may make only one borrowing under each Lender's Term Loan Commitment which shall be on the Effective Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a) and 2.15, 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 without further action on the Effective Closing Date after giving effect to the funding of such Lender's Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Berry Plastics Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Effective Closing Date, a Term Loan to Company Borrower in an amount equal to such Lender's ’s Term Loan Commitment. Company Borrower may make only one borrowing under each Lender's the Term Loan Commitment which shall be on the Effective Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a) and 2.15, 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 ’s Term Loan Commitment shall terminate immediately and without further action on the Effective Closing Date after giving effect to the funding of such Lender's ’s Term Loan Commitment on such 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, on the Effective Closing Date, a Term Loan to Company Borrower in an amount equal to such Lender's ’s Term Loan Commitment. Company Borrower may make only one borrowing under each Lender's the Term Loan Commitment Commitment, which shall be on the Effective Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a2.13(a) and 2.152.14, 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 ’s Term Loan Commitment shall terminate immediately and without further action on the Effective Closing Date after giving effect to the funding of such Lender's ’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (HealthSpring, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Effective Closing Date, a term loan (each, a “Term Loan Loan”) to Company in an amount equal to such Lender's ’s Term Loan Commitment. Company may make only one borrowing under each Lender's the Term Loan Commitment which shall be made on the Effective Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a) 2.9, 2.10 and 2.152.11, 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 ’s Term Loan Commitment (including any unused Term Loan Commitment) shall terminate immediately and without further action on the Effective Closing Date after giving effect to the funding of such Lender's the Term Loan Commitment Loans on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (U S Energy Systems Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Effective Closing Date, a Term Loan to the Company in an amount equal to such Lender's Term Loan Commitment. Company may make only one borrowing under each Lender's the Term Loan Commitment which shall be on the Effective Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a2.13(a) and 2.152.14, 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 without further action on the Effective Closing Date after giving effect to the funding of such Lender's Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (American Reprographics CO)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Effective Closing Date, a Term Loan to Company in an amount equal to such Lender's ’s Term Loan Commitment. Company may make only one borrowing under each Lender's the Term Loan Commitment which shall be on the Effective Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.14(a2.12, 2.13(a) and 2.152.14, 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 ’s Term Loan Commitment shall terminate immediately and without further action on the Effective Closing Date after giving effect to the funding of such Lender's ’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Services International LLC)

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