Amount of Term Loans. Subject to the terms and conditions set forth in this Agreement, each Lender on the Closing Date severally and not jointly agrees to make on the Closing Date, a term loan, in Dollars, to the Borrower in an amount equal to such Lender's Term Loan Commitment (each individually, a "TERM LOAN" and, collectively, the "TERM LOANS"). All Term Loans shall be made by the Lenders on the Closing Date simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Term Loan hereunder nor shall the Term Loan Commitment of any Lender be increased or decreased as a result of any such failure.
Amount of Term Loans. Upon the satisfaction of the conditions precedent set forth in Sections 5.1, on the Transaction Closing Date, each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make a term loan to the Borrower on the Transaction Closing Date, in Dollars, in an amount not to exceed such Lender’s Commitment at such time (an “Initial Term Loan” and, together with any Additional Term Loan made pursuant to Section 2.5(b)(i), the “Term Loans”). Term Loans borrowed and repaid may not be reborrowed. The Term Loans made on the Transaction Closing Date or on or before the third (3rd) Business Day thereafter shall initially be Floating Rate Loans and thereafter may be continued as Floating Rate Loans or converted into Eurodollar Rate Loans in the manner provided in Section 2.9 and subject to the other conditions and limitations therein set forth and set forth in this Article II and set forth in the definition of Interest Period. On the Termination Date, the Borrower shall repay in full the outstanding principal balance of the Term Loans made to it.
Amount of Term Loans. Subject to the terms and ---------- -------------------- conditions set forth in this Agreement, each Term Loan Lender on the Effective Date severally and not jointly agrees to make on the Effective Date, a term loan, in Dollars to the Company and/or Gasboy in an aggregate amount equal to such Lender's Term Loan Commitment (each individually, a "TERM LOAN" and, collectively, the "TERM LOANS"). All Term Loans shall be made by the Term Loan Lenders on the Effective Date simultaneously and proportionately to their respective Term Loan Percentages, it being understood that no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Term Loan hereunder nor shall the Term Loan Commitment of any Lender be increased or decreased as a result of any such failure.
Amount of Term Loans. All Term Loans shall be made by the Lenders simultaneously in the amount of their respective Term Loan Commitments, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender's obligation to make a Term Loan hereunder nor shall any Term Loan Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender's obligation to make a Term Loan hereunder.
Amount of Term Loans. Each Lender severally agrees to make a term loan in an aggregate amount equal to such Lender's Pro Rata Share, based upon its Term Loans Commitment, of the Term Loans Amount (any such Term Loan being referred to as a "Term Loan" and such term loans being referred to collectively as the "Term Loans") to the Borrowers on the Closing Date, upon the satisfaction of the conditions precedent set forth in Article 8. The Term Loans made on the Closing Date will consist of Base Rate Term Loans only.
Amount of Term Loans. Subject to the terms -------------- -------------------- and conditions set forth herein, each Lender with a Term Loan Commitment ("Term ---- Loan Lender") hereby severally and not jointly agrees to make, on the Merger ----------- Funding Date, a Term Loan (each individually, a "Term Loan" and, collectively, --------- the "Term Loans"), in Dollars, to each Term Loan Borrower in an aggregate amount ---------- equal to such Lender's Pro Rata Share of the Term Loan Commitments. The aggregate amount of Term Loans made by the Lenders to each Term Loan Borrower shall be reflected in the Notice of Borrowing delivered pursuant to Section ------- 2.03(b) and shall be acceptable to the Administrative Agent. On the Merger ------- Funding Date (i) the Term Loan Commitment of each Lender party to the Original Credit Agreement shall be adjusted from such Lender's Pro Rata Share (as defined in the Original Credit Agreement) of $228,000,000 to the amount set forth opposite such Lender's name under the heading "Term Loan Commitment" on Schedule -------- 1.01.1, and (ii) each Term Loan Lender becoming a party to this Agreement on the ------ Merger Funding Date shall be deemed to have assumed from the Lenders party to the Original Credit Agreement a Term Loan Commitment equal to the amount set forth opposite such Lender's name under the heading "Term Loan Commitment" on Schedule 1.01.1. ---------------
Amount of Term Loans. Any Term Loans made shall be in the aggregate minimum amount of $10,000,000 and in integral multiples of $1,000,000 in excess thereof.
Amount of Term Loans. Subject to the terms -------------- -------------------- and conditions set forth herein, each Lender with a Term Loan Commitment ("Term ---- Loan Lender") hereby severally and not jointly agrees to make, on the Merger ----------- Funding Date, a Term Loan (each individually, a "Term Loan" and, collectively, --------- the "Term Loans"), in Dollars, to each Term Loan Borrower in an aggregate amount ---------- equal to such Lender's Pro Rata Share of the Term Loan Commitments. The aggregate amount of Term Loans made by the Lenders to each Term Loan Borrower shall be reflected in the Notice of Borrowing delivered pursuant to Section ------- 2.03(b) and shall be acceptable to the Administrative Agent. -------
Amount of Term Loans. Subject to the terms and conditions set forth in this Agreement, each Lender on the date that is not later than five (5) Business Days following the Closing Date and as specified in the applicable Borrowing Notice severally and not jointly agrees to make on the specified date, a term loan, in Dollars, to the Borrower in an amount equal to such Lender's Term Loan Commitment (each individually, a "TERM LOAN" and, collectively, the "TERM LOANS"). All Term Loans shall be made by the Lenders on the specified date for borrowing simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Term Loan hereunder nor shall the Term Loan Commitment of any Lender be increased or decreased as a result of any such failure.
Amount of Term Loans. Subject to the terms and conditions set forth in the Original Credit Agreement, each Term Loan Lender party thereto on the Original Credit Agreement Effective Date severally and not jointly made a term loan, in Dollars, to the Borrower in an amount equal to such Term Loan Lender's Term Loan Commitment (each individually, a "Term Loan" and, collectively, the "Term Loans"). All Term Loans were made by the Term Loan Lenders on the Original Credit Agreement Effective Date simultaneously and proportionately to their respective Term Loan Pro Rata Shares and such Term Loans remain outstanding subject to the terms of this Agreement notwithstanding the amendment and restatement of the Original Credit Agreement.
