The Loan Facilities Sample Clauses

The Loan Facilities. Section 2.1.
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The Loan Facilities. (a) Subject to and upon the terms and conditions set forth herein, each Term Lender severally agrees to make, on the Closing Date, loans (each a “Term Loan” and, collectively, the “Term Loans”) to the Borrower, which Term Loans shall (i) be incurred pursuant to a single drawing on the Closing Date, (ii) subject to the provisions of Section 2.1(c) at the option of the Borrower, be Eurodollar Loans or Base Rate Loans, (iii) be made and maintained in U.S. Dollars, (iv) not exceed the amount of the Term Commitment for such Term Lender and (v) mature on the Term Loan Maturity Date; provided that in no event shall the aggregate amount of the Term Commitments exceed $675,000,000. The Term Loans are available only on the terms and conditions specified hereunder, and once repaid, in whole or in part, at maturity or by prepayment, may not be reborrowed in whole or in part.
The Loan Facilities. 21 Section 2.1. Commitment to Lend. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Section 2.2. Facility Fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Section 2.3. Reduction of Total Commitment; Increase of Total Canadian Commitment . . . . . . 22
The Loan Facilities. 17 Section 2.1. COMMITMENT TO LEND.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17 Section 2.2. FACILITY FEE; UTILIZATION FEE. . . . . . . . . . . . . . . . . . . . . . . . . .18 Section 2.3. REDUCTION OF TOTAL COMMITMENT. . . . . . . . . . . . . . . . . . . . . . . . . .18 Section 2.4. THE SYNDICATED NOTES.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18 Section 2.5.
The Loan Facilities 

Related to The Loan Facilities

  • Term Loan Facility Each Lender severally agrees, on the terms and conditions set forth herein, to make Loans to the Borrower during the period from the Closing Date to June 3, 2016, in an aggregate amount not to exceed such Lender’s Pro Rata Share of the Term Commitment. The Borrower from time to time may borrow under the Term Loan Facility (and may reborrow any amount theretofore prepaid) until close of business on June 3, 2016, for a term not to exceed 364 days from the date of the Borrowing. Each such loan under the Term Loan Facility (a "Term Loan") shall be in the minimum amount of $10,000,000 and shall become due and payable on the last day of the term selected by the Borrower for such Term Loan (the "Term Loan Maturity Date"), which shall in no event be later than 364 days from the date of such Term Loan. The maximum availability under the Term Loan Facility shall be the amount of the Credit NYDOCS01/1613908 13 minus the aggregate outstanding principal amount of Revolving Loans and Term Loans made by the Lenders; provided, however, that to the extent the proceeds of a Term Loan are used to repay an outstanding Revolving Loan (or a portion thereof), such Revolving Loan (or portion thereof) shall not be considered part of the aggregate principal amount of outstanding Revolving Loans made by the Lenders for purposes of this sentence (such maximum availability hereafter being referred to as the "Term Loan Availability"). Under no circumstances shall the aggregate outstanding principal amount of Term Loans and Revolving Loans made by the Lenders exceed the Credit, and under no circumstances shall any Lender be obligated (i) to make any Term Loan (nor may the Borrower reborrow any amount heretofore prepaid) after June 3, 2016, or (ii) to make any Term Loan in excess of the Term Loan Availability. Each Term Loan made hereunder shall fully and finally mature and be due and payable in full on the Term Loan Maturity Date specified in the Borrowing Advice for such Term Loan; provided, however, that to the extent the Borrowing Advice for any Term Loan selects an Interest Period that expires before the Term Loan Maturity Date specified in such Borrowing Advice, the Borrower may from time to time select additional interest rate options and Interest Periods (none of which shall extend beyond the Term Loan Maturity Date for such Term Loan) by delivering a Borrowing Advice or Notice of Conversion/Continuation, as applicable.

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