Common use of Amount of Term Loans Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (CTS Corp), Credit Agreement (Printpack Inc)

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Amount of Term Loans. Subject to the terms and conditions set forth in this Agreement, each Senior Lender on the Closing Effective Date hereby severally and not jointly agrees to make on the Closing Effective Date, a term loan, in Dollars, to the Borrower Southland in an amount equal to such Senior Lender's Term Loan Commitment (each individually, a "TERM LOANTerm Loan" and, collectively, the "TERM LOANSTerm Loans"). All Term Loans shall be made by the Senior Lenders on the Closing Effective Date simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Senior Lender shall be responsible for any failure by any other Senior Lender to perform its obligation to make any Term Loan hereunder nor shall the Term Loan Commitment of any Senior Lender be increased or decreased as a result of any such failure.

Appears in 1 contract

Samples: Credit Agreement (Southland Corp)

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 aggregate amount equal to such Lender's Term Loan Commitment (each individually, a "TERM LOANTerm Loan" and, collectively, the "TERM LOANSTerm 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.

Appears in 1 contract

Samples: Credit Agreement (Finishmaster Inc)

Amount of Term Loans. Subject to the terms ---------- -------------------- and conditions set forth in this Agreement, each Lender on the Closing Date hereby 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 LOANTerm Loan" and, collectively, the "TERM LOANSTerm 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.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (American Eco Corp)

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Amount of Term Loans. Subject to the terms and conditions set forth in this Agreement, each Term Loan Lender on the Closing Date severally and not jointly agrees to make on the Closing Date, a term loanloans, in Dollars, to the Borrower 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 Lenders on the Closing Date simultaneously and proportionately to their respective Term Loan 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.

Appears in 1 contract

Samples: Credit Agreement (Schawk Inc)

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