Common use of Amount and Terms of Commitments Clause in Contracts

Amount and Terms of Commitments. 2.1 Term Commitments. (a) Subject to the terms and conditions hereof, (i) each Term Lender severally agrees to make a term loan (a “Term Loan”) to the Borrower in Dollars on the Initial Closing Date in an amount not to exceed the amount of the Term Commitment of such Lender, (ii) each 2017 Incremental Term Loan A Lender severally agrees to make a 2017 Incremental Term Loan A to the Borrower on the 2017 Incremental Amendment Effective Date in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Term Loan A Lender (which loans shall be deemed to be an increase in the aggregate amount of term loans made on the Initial Closing Date pursuant to clause (i) above) and (iii) each 2017 Incremental Tranche B Term Lender severally agrees to make 2017 Incremental Tranche B Term Loans to the Borrower on the 2017 Incremental Amendment Effective Date in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Tranche B Term Lender. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.10.

Appears in 1 contract

Samples: Credit Agreement (Gartner Inc)

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Amount and Terms of Commitments. 2.1 Term Commitments. (a) Subject to the terms and conditions hereof, (ia) each Tranche A Term Lender severally agrees to make a term loan (a “Tranche A Term Loan”) Loan in Dollars to the Borrower in Dollars on the Initial Incremental Facilities Closing Date in an amount not to exceed the amount of the Tranche A Term Commitment of such Lender, Lender and (iib) each 2017 Incremental Tranche B Term Loan A Lender severally agrees tomade, subject to make the terms and conditions set forth in the Seventh Amendment, a 2017 Incremental Tranche B Term Loan A in Dollars to the Borrower on the 2017 Incremental Seventh Amendment Effective Date Date, in an amount not to exceed the amount of of. Each Tranche B Term Lender hereby acknowledges and agrees that (i) the Tranche B Term Commitment of such 2017 Incremental Term Loan A Lender (which loans shall be deemed to be an increase in the aggregate amount of term loans LenderLoans made on the Initial Closing Seventh Amendment Effective Date pursuant to clause (i) above) remain outstanding on the First Amendment Effective Date and (iiiii) each 2017 Incremental Tranche B Term Lender severally agrees to make 2017 Incremental from and after the First Amendment Effective Date, the Tranche B Term Loans to the Borrower on the 2017 Incremental Amendment Effective Date in an amount not to exceed the amount shall consist of the Term Commitment of such 2017 Incremental Extended Tranche B Term LenderLoans and Non-Extended Tranche B Term Loans. The Tranche A Term Loans and the Tranche B Term Loans may from time to time be Eurodollar Eurocurrency Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.102.12. Notwithstanding anything herein to the contrary, all Extended Tranche B Term Loans that were Eurocurrency Loans immediately prior to the effectiveness of the First Amendment will have initial Interest Periods ending on the same dates as the interest periods applicable to the Tranche B Term Loans being extended pursuant to the First Amendment prior to the effectiveness of the First Amendment.

Appears in 1 contract

Samples: Credit Agreement (Avis Budget Group, Inc.)

Amount and Terms of Commitments. 2.1 Commitments; Increases in the Tranche A Term CommitmentsFacility and the Revolving Facility; Incremental Term Loans. (a) Subject to the terms and conditions hereof, (i) each Tranche A Term Lender severally agrees to make one or more term loans (each, a "Tranche A Term Loan") to the Borrower in an aggregate amount not to exceed the amount of the Tranche A Term Commitment of such Lender, (ii) each Tranche B Term Lender severally agrees to make a term loan (each, a "Tranche B Term Loan") to the Borrower in Dollars on the Initial Closing Date in an amount not to exceed the amount of the Tranche B Term Commitment of such Lender, (ii) each 2017 Incremental Term Loan A Lender severally agrees to make a 2017 Incremental Term Loan A to the Borrower on the 2017 Incremental Amendment Effective Date in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Term Loan A Lender (which loans shall be deemed to be an increase in the aggregate amount of term loans made on the Initial Closing Date pursuant to clause (i) above) and (iii) each 2017 Incremental Tranche B Term Lender severally agrees to make 2017 one or more term loans (each, an "Incremental Tranche B Term Loans Loan") to the Borrower on the 2017 Incremental Amendment Effective Date extent provided in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Tranche B Term LenderSection 2.1(c). The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.10. Except as otherwise provided in Section 2.1(c), Tranche A Term Loans may only be made during the period (the "Tranche A Commitment Period") from and including the Closing Date to the date that is 18 months thereafter (such date, the "Tranche A Commitment Termination Date"); provided, that $150,000,000 of the Tranche A Term Commitments must be used (if at all) on or prior to the first anniversary of the Closing Date. The Tranche A Term Commitments shall automatically be permanently reduced by the amount of any borrowing thereunder. Any unutilized Tranche A Term Commitments shall automatically terminate on the Tranche A Commitment Termination Date. Tranche B Term Loans may only be made on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Crown Castle International Corp)

Amount and Terms of Commitments. 2.1 2.1. Commitments; Increases in the Tranche A Term CommitmentsLoans, the Tranche B Term Loans and the Revolving Facilities; Incremental Term Loans. (a) Subject to the terms and conditions hereof, (i) each Existing Tranche A Term Lender severally agrees to make a term loan (a maintain hereunder, in the form of an Existing Tranche A Term Loan”) to , its Tranche A Term Loan under and as defined in the Borrower in Dollars Existing Credit Agreement, as specified on the Initial Closing Date in an amount not to exceed the amount of the Term Commitment of such LenderSchedule 1.1, (ii) each 2017 Incremental Restatement Tranche A Term Loan A Lender severally agrees (x) to make maintain hereunder, in the form of a 2017 Incremental “Restatement Tranche A Term Loan”, its Tranche A Term Loan A to the Borrower on the 2017 Incremental Amendment Effective Date in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Term Loan A Lender (which loans shall be deemed to be an increase under and as defined in the aggregate amount of term loans Existing Credit Agreement and/or (y) to maintain hereunder its “Restatement Tranche A Term Loan” made on the Initial Closing First Restatement Effective Date pursuant to clause (i) above) and under the Existing Credit Agreement, in each case as specified on Schedule 1.1, (iii) each 2017 Incremental Tranche B Term Lender severally agrees to make 2017 Incremental maintain hereunder, in the form of a “Tranche B Term Loans to the Borrower on the 2017 Incremental Amendment Effective Date in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Loan”, its Tranche B Term LenderLoan under and as defined in the Existing Credit Agreement, (iv) each Existing Incremental Term Lender severally agrees to maintain hereunder, in the form of an “Existing Incremental Term Loan”, its Incremental Term Loan outstanding under the Existing Credit Agreement, and (v) each other Incremental Term Lender severally agrees to make one or more term loans (each, together with each Existing Incremental Term Loan, an “Incremental Term Loan”) to the extent provided in Section 2.1(c). The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Funding Agent in accordance with Sections 2.2 and 2.10.

Appears in 1 contract

Samples: Credit Agreement (Charter Communications Inc /Mo/)

Amount and Terms of Commitments. 2.1 Term Loan Commitments. (a) Subject to the terms and conditions hereof, (ia) each Tranche A Term Loan Lender severally agrees to make extend credit to the Borrower by purchasing at par, indirectly through Societe Generale, from the Existing Lenders a term loan (a "Tranche A Term Loan") to the Borrower in Dollars on the Initial Closing Date in an amount not equal to exceed the amount of the Tranche A Term Loan Commitment of such Lender, (iib) each 2017 Incremental Tranche B Term Loan A Lender severally agrees to make a 2017 Incremental Term Loan A extend credit to the Borrower by purchasing at par, indirectly through Societe Generale, from the Existing Lenders a term loan (a "Tranche B Term Loan") on the 2017 Incremental Amendment Effective Closing Date in an amount not equal to exceed the amount of the Tranche B Term Loan Commitment of such 2017 Incremental Lender and (c) each Tranche C Term Loan A Lender (which loans shall be deemed to be an increase in the aggregate amount of term loans made on the Initial Closing Date pursuant to clause (i) above) and (iii) each 2017 Incremental Tranche B Term Lender severally agrees to make 2017 Incremental Tranche B Term Loans extend credit to the Borrower by purchasing at par, indirectly through Societe Generale, from the Existing Lenders a term loan (a "Tranche C Term Loan") on the 2017 Incremental Amendment Effective Closing Date in an amount not equal to exceed the amount of the Tranche C Term Loan Commitment of such 2017 Incremental Tranche B Lender. Each purchase by a Term Loan Lender, indirectly through Societe Generale, of a Term Loan pursuant to this Section 2.1 shall be made without recourse to Societe Generale and shall be made on and subject to the terms and conditions set forth in Sections 2(a) and 2(b) of the Assignment and Acceptance attached hereto as Exhibit E, which terms and conditions shall be deemed incorporated herein by reference. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.102.11.

Appears in 1 contract

Samples: Credit Agreement (Friendly Ice Cream Corp)

Amount and Terms of Commitments. 2.1 Term Commitments. (a) Subject to the terms and conditions hereofset forth in this Agreement, (i) during the Certain Funds Period, each Lender with a 3-Year Tranche Term Lender Commitment severally agrees to make a term loan make, Convert and Continue loans in Sterling (each such loan, a “3-Year Sterling Tranche Term Loan”) to the Borrower or, if requested by Borrower, in Dollars on the Initial Closing Date (each such loan, a “3-Year Dollar Tranche Term Loan”) in an amount not to exceed the amount of the Term Commitment of such Lender, (ii) each 2017 Incremental Term Loan A Lender severally agrees to make a 2017 Incremental Term Loan A to the amounts and currency as Borrower on the 2017 Incremental Amendment Effective Date in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Term Loan A Lender (which loans shall be deemed to be an increase in the aggregate amount of term loans made on the Initial Closing Date pursuant to clause (i) above) and (iii) each 2017 Incremental Tranche B Term Lender severally agrees to make 2017 Incremental Tranche B Term Loans to the Borrower on the 2017 Incremental Amendment Effective Date in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Tranche B Term Lender. The Term Loans may from time to time request; provided, however, that (i) the Sterling Amount of the 3-Year Tranche Term Loans to be Eurodollar made by any Lender at any time shall not exceed such Lender’s 3-Year Tranche Term Commitment at such time and (ii) to the extent that any of the three (3) draws permitted pursuant to Section 2.01(c) include different currencies, the 3-Year Term Loans shall be subdivided into separate tranches. 3-Year Tranche Term Loans borrowed pursuant to this Section 2.01(a) and repaid or ABR Loansprepaid may not be reborrowed. Upon (i) the making of any 3-Year Sterling Tranche Term Loan by a Lender, as determined such Lender’s 3-Year Tranche Term Commitment shall be permanently reduced by the Borrower Sterling Amount of such 3-Year Tranche Term Loan and notified to (ii) the Administrative Agent in accordance with Sections 2.2 and 2.10making of any 3-Year Dollar Tranche Term Loan by a Lender, such Lender’s 3-Year Tranche Term Commitment shall be permanently reduced by the Sterling Amount (which shall be determined based on the applicable Exchange Rate as of the date of the delivery of the Request for Extension of Credit under Section 2.02(a)) of such 3-Year Dollar Tranche Term Loan.

Appears in 1 contract

Samples: Term Loan Credit Agreement (NBCUniversal Media, LLC)

Amount and Terms of Commitments. 2.1 Commitments; Increases in the Tranche A Term CommitmentsFacility and the Revolving Facility; Incremental Term Loans. (a) Subject to the terms and conditions hereof, (i) each Tranche A Term Lender severally agrees to make a to, as applicable (x) maintain hereunder its term loan (referred to as a "Facility A Term Loan" in the Existing Credit Agreement (each, an "Existing Tranche A Term Loan") or (y) make one or more incremental term loans to the Borrower in Dollars on the Initial Closing Date in an amount not to exceed the amount of the Tranche A Incremental Term Commitment of such LenderLender (each, a "Tranche A Incremental Term Loan" and, together with the Existing Tranche A Term Loans, each a "Tranche A Term Loan"), (ii) each 2017 Incremental Tranche B Term Loan A Lender severally agrees to, as applicable (x) maintain hereunder its term loan referred to as a "Facility B Term Loan" in the Existing Credit Agreement or (y) make a 2017 Incremental Term Loan A an incremental term loan to the Borrower on the 2017 Incremental Amendment Effective Date in an amount not to exceed the amount of the Tranche B Incremental Term Commitment of such 2017 Incremental Term Loan A Lender (which loans shall be deemed to be an increase in the aggregate amount of term loans made on the Initial Closing Date pursuant to clause (i) aboveeach, a "Tranche B Term Loan") and (iii) each 2017 Incremental Tranche B Term Lender severally agrees to make 2017 one or more term loans (each, an "Incremental Tranche B Term Loans Loan") to the Borrower on the 2017 Incremental Amendment Effective Date extent provided in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Tranche B Term LenderSection 2.1(c). The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.10. Tranche A Incremental Term Loans may be made on up to four dates during the period from the Restatement Effective Date through the first anniversary thereof (the "Tranche A Incremental Term Commitment Termination Date"); provided that 50% of the Tranche A Incremental Term Commitments shall be utilized prior to the six-month anniversary of the Restatement Effective Date. The Tranche A Incremental Term Commitments shall be permanently reduced on the date of any borrowing thereunder by the amount of such borrowing, and shall automatically terminate on the Tranche A Incremental Term Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Charter Communications Inc /Mo/)

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Amount and Terms of Commitments. 2.1 Commitments; Increases in the Tranche A Term CommitmentsFacility and the Revolving Facility; Incremental Term Loans. (a) Subject to the terms and conditions hereof, (i) each Tranche A Term Lender severally agrees to make one or more term loans (each, a "Tranche A Term Loan") to the Borrower in an aggregate amount not to exceed the amount of the Tranche A Term Commitment of such Lender, (ii) each Tranche B Term Lender severally agrees to make a term loan (each, a "Tranche B Term Loan") to the Borrower in Dollars on the Initial Closing Date in an amount not to exceed the amount of the Tranche B Term Commitment of such Lender, (ii) each 2017 Incremental Term Loan A Lender severally agrees to make a 2017 Incremental Term Loan A to the Borrower on the 2017 Incremental Amendment Effective Date in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Term Loan A Lender (which loans shall be deemed to be an increase in the aggregate amount of term loans made on the Initial Closing Date pursuant to clause (i) above) and (iii) each 2017 Incremental Tranche B Term Lender severally agrees to make 2017 one or more term loans (each, an "Incremental Tranche B Term Loans Loan") to the Borrower on the 2017 Incremental Amendment Effective Date extent provided in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Tranche B Term LenderSection 2.1(c). The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.10. Except as otherwise provided in Section 2.1(c), Tranche A Term Loans may only be made on the Closing Date and one other date selected by the Borrower during the period from the Closing Date to the earlier of March 31, 2000 and the date that is 90 days after the Closing Date (such earlier date, the "Tranche A Commitment Termination Date"), with the aggregate amount of Tranche A Term Loans made on such other date not exceeding $250,000,000. Any unutilized Tranche A Term Commitments shall automatically terminate on the Tranche A Commitment Termination Date. Except as otherwise provided in Section 2.1(c), Tranche B Term Loans may only be made on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Charter Communications Inc /Mo/)

Amount and Terms of Commitments. 2.1 Commitments; Increases in the Tranche A Term CommitmentsFacility, the Tranche B Term Facility and the Revolving Facility; Incremental Term Loans. (a) Subject to the terms and conditions hereof, (i) each Tranche A Term Lender severally agrees to make one or more term loans (each, a "Tranche A Term Loan") to the Borrower in an aggregate amount not to exceed the amount of the Tranche A Term Commitment of such Lender, (ii) each Tranche B Term Lender severally agrees to make a term loan (each, a "Tranche B Term Loan") to the Borrower in Dollars on the Initial Closing Date in an amount not to exceed the amount of the Tranche B Term Commitment of such Lender, (ii) each 2017 Incremental Term Loan A Lender severally agrees to make a 2017 Incremental Term Loan A to the Borrower on the 2017 Incremental Amendment Effective Date in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Term Loan A Lender (which loans shall be deemed to be an increase in the aggregate amount of term loans made on the Initial Closing Date pursuant to clause (i) above) and (iii) each 2017 Incremental Tranche B Term Lender severally agrees to make 2017 one or more term loans (each, an "Incremental Tranche B Term Loans Loan") to the Borrower on the 2017 Incremental Amendment Effective Date extent provided in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Tranche B Term LenderSection 2.1(c). The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Funding Agent in accordance with Sections 2.2 and 2.10. Except as otherwise provided in Section 2.1(c), Tranche A Term Loans may only be made on three dates selected by the Borrower during the period from and including the Stage One Closing Date to the earlier of July 15, 1999 and the date that is 90 days after the Stage Two Closing Date (such earlier date, the "Tranche A Commitment Termination Date").

Appears in 1 contract

Samples: Credit Agreement (Charter Communications Holdings Capital Corp)

Amount and Terms of Commitments. 2.1 Term Loan Commitments. (a) Subject to the terms and conditions hereof, (i) each the Tranche A Term Lender Loan Lenders severally agrees agree to make term loans (each, a term loan (a “"Tranche A Term Loan") to the Borrower in Dollars on the Initial Closing Date and (if the Tranche A Term Loan Commitment of such Lender is not drawn in full on the Closing Date) in one additional borrowing on a Business Day during the Tranche A Term Loan Commitment Period (the "Additional Tranche A Term Loan Borrowing Date") in an aggregate amount for each Tranche A Term Loan Lender not to exceed the amount of the Tranche A Term Loan Commitment of such Lender, Lender (ii) each 2017 Incremental provided that in no event shall the aggregate amount of Tranche A Term Loan A Lender severally agrees to make a 2017 Incremental Term Loan A Loans made to the Borrower on the 2017 Incremental Amendment Effective Additional Tranche A Term Loan Borrowing Date, if any, exceed $50,000,000), and (ii) the Tranche B Term Loan Lenders severally agree to make term loans (each, a "Tranche B Term Loan") to the Borrower on the Closing Date in an aggregate amount for each Tranche B Term Loan Lender not to exceed the amount of the Tranche B Term Loan Commitment of such 2017 Incremental Term Loan A Lender (which loans shall be deemed to be an increase in the aggregate amount of term loans made on the Initial Closing Date pursuant to clause (i) above) and (iii) each 2017 Incremental Tranche B Term Lender severally agrees to make 2017 Incremental Tranche B Term Loans to the Borrower on the 2017 Incremental Amendment Effective Date in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Tranche B Term Lender. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.10.

Appears in 1 contract

Samples: Credit Agreement (Tesoro Petroleum Corp /New/)

Amount and Terms of Commitments. 2.1 Term Commitments. (a) Subject to the terms and conditions hereofset forth in this Agreement, (i) during the Certain Funds Period, each Lender with a 3-Year Tranche Term Lender Commitment severally agrees to make a term loan make, Convert and Continue loans in Sterling (each such loan, a “3-Year Sterling Tranche Term Loan”) to the Borrower or, if requested by Borrower, in Dollars on the Initial Closing Date (each such loan, a “3-Year Dollar Tranche Term Loan”) in an amount not to exceed the amount of the Term Commitment of such Lender, (ii) each 2017 Incremental Term Loan A Lender severally agrees to make a 2017 Incremental Term Loan A to the amounts and currency as Borrower on the 2017 Incremental Amendment Effective Date in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Term Loan A Lender (which loans shall be deemed to be an increase in the aggregate amount of term loans made on the Initial Closing Date pursuant to clause (i) above) and (iii) each 2017 Incremental Tranche B Term Lender severally agrees to make 2017 Incremental Tranche B Term Loans to the Borrower on the 2017 Incremental Amendment Effective Date in an amount not to exceed the amount of the Term Commitment of such 2017 Incremental Tranche B Term Lender. The Term Loans may from time to time request; provided, however, that (i) the Sterling Amount of the 3-Year Tranche Term Loans to be Eurodollar made by any Lender at any time shall not exceed such Xxxxxx’s 3-Year Tranche Term Commitment at such time and (ii) to the extent that any of the three (3) draws permitted pursuant to Section 2.01(c) include different currencies, the 3-Year Term Loans shall be subdivided into separate tranches. 3-Year Tranche Term Loans borrowed pursuant to this Section 2.01(a) and repaid or ABR Loansprepaid may not be reborrowed. Upon (i) the making of any 3-Year Sterling Tranche Term Loan by a Lender, as determined such Lender’s 3-Year Tranche Term Commitment shall be permanently reduced by the Borrower Sterling Amount of such 3-Year Tranche Term Loan and notified to (ii) the Administrative Agent in accordance with Sections 2.2 and 2.10making of any 3-Year Dollar Tranche Term Loan by a Lender, such Lender’s 3-Year Tranche Term Commitment shall be permanently reduced by the Sterling Amount (which shall be determined based on the applicable Exchange Rate as of the date of the delivery of the Request for Extension of Credit under Section 2.02(a)) of such 3-Year Dollar Tranche Term Loan.

Appears in 1 contract

Samples: Term Loan Credit Agreement

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