Amounts of Term Loans. Each Lender severally agrees to make a term loan (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 Borrower on the Closing Date, upon the satisfaction of the conditions precedent set forth in Article 10, in an amount equal to such Lender's Pro Rata Share of $13,500,000. The Term Loans shall initially be Base Rate Term Loans.
Amounts 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 loan, 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.
Amounts of Term Loans. Subject to the terms and conditions set forth in this Agreement, each Term Loan Lender severally and not jointly agrees to make (a) on the date of the Greenhouse Acquisition, a term loan, in Dollars, to the Borrower in an aggregate amount equal to such Lender's Term Loan Pro Rata Share of the Greenhouse Installment, (b) on the date of the Mandara Acquisition, a term loan, in Dollars, to the Borrower in an aggregate amount equal to such Lender's Term Loan Pro Rata Share of the Mandara Installment, (c) on the date of the C. Spa Acquisition, a term loan, in Dollars, to the Borrower in an aggregate amount equal to such Lender's Term Loan Pro Rata Share of the C. Spa Installment and (d) on any date from and after the date on which the initial Term Loan Installment has been advanced hereunder, a term loan, in Dollars, to the Borrower in an aggregate amount equal to such Lender's Term Loan Pro Rata Share of the Supplemental Installment (each individually, a "Term Loan" and, collectively, the "Term Loans"). All Term Loans shall be made by the Lenders 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. Notwithstanding the foregoing, if on July 31, 2001 any Term Loan Installment has not been drawn, then the Aggregate Term Loan Commitment and each Lender's Term Loan Commitment shall be automatically and permanently reduced as more specifically described in Section 2.6
Amounts of Term Loans. Each Term Lender severally agrees to make a term loan (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, in an amount equal to such Term Lender's Term Loan Commitment. The Term Loans shall initially be Base Rate Term Loans.
Amounts of Term Loans. Each Lender severally agrees to make a term loan (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 Borrower on the Initial Funding Date, upon the satisfaction of the conditions precedent set forth in Article 8, in an amount equal to such Lender's Pro Rata Share of $90,000,000. The Term Loans shall initially be Base Rate Term Loans; but Borrower may elect, on the Initial Funding Date, to convert such Term Loans to LIBOR Term Loans pursuant to Section 2.2.
Amounts of Term Loans. Each Term Lender severally agrees to make a term loan (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 Borrower on the Term Loan Commitment Effective Date upon the satisfaction of the conditions precedent set forth in Sections 4.1, 4.2 and 4.3, in an amount not to exceed such Term Lender’s Pro Rata Share of the Term Loan Commitment; provided, however, that if the Term Loan Commitment Effective Date shall not have occurred on or before the date which is forty-five days after the Petition Date, then the obligation of each Term Lender to extend Term Loans hereunder shall immediately terminate and the Term Loan Commitment of each Term Lender shall be automatically reduced to $0. The Term Loans shall initially be Floating Rate Advances but may be converted into Eurodollar Advances in accordance with Section 2.7. All Term Loan proceeds shall be used to repay the amount of the CSFB Loan outstanding on the Term Loan Commitment Effective Date and for no other purpose. In addition, in no event shall the Term Loan Commitment Effective Date be deemed to have occurred unless the Borrower shall have provided the Agent with a written notice on or before the date which is thirty days after the Petition Date stating its intention that, upon satisfaction of the applicable conditions precedent, the Borrower desires to have the Term Loan Commitment Effective Date occur.
Amounts of Term Loans. Each Term Lender severally agrees to make a term loan (any such term loan being referred to as a "TERM LOAN" and such term loans being referred to collectively as the "TERM LOANS") to FMC on the Initial Funding Date, upon the satisfaction of the conditions precedent set forth in ARTICLE 8, in an amount equal to such Lender's Pro Rata Share of $30,000,000. The Term Loans shall be Base Rate Loans.
Amounts of Term Loans. Under the Existing Loan and Security Agreement, one or more of the lenders thereunder made term loans to the Borrower on June 15, 2000 in an aggregate original principal amount of $25,000,000 (of which $10,440,908.84 is outstanding on the Closing Date and the amount, if any, thereof held by each Lender on the Closing Date is as set forth opposite such Lender's name on Schedule 2.3 under the column "Term Loan Balance Under Existing Loan and Security Agreement"). Each Lender severally agrees to make a term loan to the Borrower on the Closing Date, upon the satisfaction of the applicable conditions precedent set forth in Article 10, in an amount equal to the amount set forth opposite such Lender's name on Schedule 2.3 under the column "Term Loans to be made on Closing Date" (the aggregate principal amount of all of such term loans being made on the Closing Date being equal to $13,250,000). Each of such term loans and each of the term loans made to the Borrower on June 15, 2000 under the Existing Loan and Security Agreement is herein referred to as a "Term Loan" and all such term loans are herein collectively referred to as the "Term Loans". The Term Loans made on the Closing Date shall initially be Base Rate Term Loans. Immediately after giving effect to the making of the Term Loans on the Closing Date, the aggregate outstanding principal balance of the Term Loans held by each Lender shall be the amount set forth opposite such Lender's name on Schedule 2.3 under the column "Aggregate Term Loan Balance as of Closing Date".
Amounts of Term Loans. Each Lender severally agrees to make term loans (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 in two separate fundings on the terms and conditions set forth below. The first funding shall be made by each Lender to the respective Borrowers (with each Borrower receiving a pro rata amount of such funding based on the proportion of all Eligible Equipment represented by such Borrower's Eligible Equipment) on the Closing Date, upon the satisfaction of the conditions precedent set forth in SECTIONS 10.1 and 10.3, in an amount equal to such Lender's Pro Rata Share of $3,000,000. The second funding shall be made by each Lender to the respective Borrowers (with each Borrower receiving a pro rata amount of such funding based on the proportion of all Eligible Real Estate represented by such Borrower's Eligible Real Estate) on any Business Day on or after the Closing Date and prior to September 15, 2000 designated by the Borrowers for such funding (such designated Business Day is referred to herein as the "Term Loan Second Funding Date"), upon the satisfaction of the conditions precedent set forth in SECTIONS 10.2 and 10.3, in an amount equal to such Lender's Pro Rata Share of the remaining unfunded Term Loan Amount. The Term Loans on each respective Funding Date shall initially be Base Rate Term Loans.
Amounts of Term Loans. Each Lender is purchasing a portion of the Existing Revolving Loan and a portion of the Existing Acquisition Loan and hereby agrees that the aggregate principal amount of $35,000,000 of such Loans is hereby restated as a real estate term loan (the "REAL ESTATE TERM LOAN") and the aggregate principal amount of $15,000,000 of such Loans is hereby restated as an equipment term loan (the "EQUIPMENT TERM LOAN") (each of the Real Estate Term Loan and the Equipment Term Loan being referred to as a "TERM LOAN" and such term loans being referred to collectively as the "TERM LOANS") on the Closing Date, upon the satisfaction of the conditions precedent set forth in ARTICLE II, in an amount equal to such Lender's Pro Rata Share of $35,000,000 with respect to the Real Estate Term Loan and $15,000,000 with respect to the Equipment Term Loan. LIBOR Rate Term Loans must equal or exceed $500,000 (and increments of $10,000 in excess of such amount).
