Common use of Commitment of Each Lender Clause in Contracts

Commitment of Each Lender. From time to time on any Business Day occurring prior to the Commitment Termination Date, each Lender will, subject to the terms of this Agreement, make Loans to a Borrower equal to such Lender’s Percentage of the aggregate amount of the Borrowing requested by such Borrower to be made on such day. The commitment of each Lender described in this Section 2.1.1 is herein referred to as its “Commitment”. On the terms and subject to the conditions hereof, the Borrowers may from time to time borrow, prepay and reborrow Loans.

Appears in 1 contract

Sources: Credit Agreement (Kerzner International Employment Services LTD)

Commitment of Each Lender. From time to time on any Business Day occurring prior to the Commitment Termination Date, each Lender willwill make loans (relative to such Lender, subject its “Loans”) to the terms of this Agreement, make Loans to a Borrower equal to such Lender’s Percentage of the aggregate amount of the Borrowing requested by such the Borrower to be made on such day. The commitment of each Lender described in this Section 2.1.1 is herein referred to as its “Commitment”. On the terms and subject to the conditions hereof, the Borrowers Borrower may from time to time borrow, prepay and reborrow Loans.

Appears in 1 contract

Sources: Credit Agreement (Royal Caribbean Cruises LTD)

Commitment of Each Lender. From time to time on any Business Day occurring prior to the such Lender's Commitment Termination Date, each Lender willwill make loans (relative to such Lender, subject and of any type, its "Loans") to the terms of this Agreement, make Loans to a Borrower equal to such Lender’s 's Percentage of the aggregate amount of the Borrowing requested by such the Borrower to be made on such day. The commitment of each Lender described in this Section 2.1.1 is herein referred to as its “Commitment”. On the terms and subject to the conditions hereof, the Borrowers may from time to time borrow, prepay and reborrow Loans.commitment

Appears in 1 contract

Sources: Credit Agreement (Thorn Apple Valley Inc)

Commitment of Each Lender. From time to time on any Business Day occurring prior to the Commitment Termination Date, each Lender will, subject to the terms of this Agreement, make Loans loans (relative to such Lender, and of any type, its "LOANS") to a Borrower equal to such Lender’s 's Percentage of the aggregate amount of the Borrowing requested by such Borrower to be made on such day. The commitment of each Lender described in this Section 2.1.1 is herein referred to as its “Commitment”. On the terms and subject to the conditions hereof, the Borrowers may from time to time borrow, prepay and reborrow LoansSECTION 2.

Appears in 1 contract

Sources: Revolving Credit Agreement (Sun International Hotels LTD)

Commitment of Each Lender. From time to time on any Business Day occurring prior to the Commitment Termination Date, each Lender willwill make loans (relative to such Lender, subject its "Loans") to the terms of this Agreement, make Loans to a Borrower equal to such Lender’s 's Percentage of the aggregate amount of the Borrowing requested by such the Borrower to be made on such day. The commitment of each Lender described in this Section 2.1.1 is herein referred to as its “Commitment”. On the terms and subject to the conditions hereof, the Borrowers may from time to time borrow, prepay and reborrow Loans1.

Appears in 1 contract

Sources: Senior Secured Seasonal Line of Credit (Thorn Apple Valley Inc)

Commitment of Each Lender. From time to time on any Business Day occurring prior to the Commitment Termination Date, each Lender willwill make loans (relative to such Lender, subject its "Loans") to the terms of this Agreement, make Loans to a Borrower equal to such Lender’s 's Percentage of the aggregate amount of the Borrowing requested by such the Borrower to be made on such day. The commitment of each Lender described in this Section 2.1.1 1. 1.1 is herein referred to as its "Commitment”. ." On the terms and subject to the conditions hereof, the Borrowers Borrower may from time to time borrow, prepay and reborrow Loans.

Appears in 1 contract

Sources: Senior Secured Seasonal Line of Credit Agreement (Thorn Apple Valley Inc)

Commitment of Each Lender. From time to time on any Business Day occurring prior to the Commitment Termination Date, each Lender willwill make loans (relative to such Lender, subject and of any type, its "Loans") to the terms of this Agreement, make Loans to a Borrower equal to such Lender’s 's Percentage of the aggregate amount of the Borrowing requested by such the Borrower to be made on such day. The commitment of each Lender described in this Section 2.1.1 is herein referred to as its “Commitment”. On the terms and subject to the conditions hereof, the Borrowers Borrower may from time to time borrow, prepay and reborrow Loans.

Appears in 1 contract

Sources: Credit Agreement (Kirkwood Acquisition Corp)

Commitment of Each Lender. From time to time on any Business Day occurring prior to the Commitment Termination Date, each Lender willwill make loans (relative to such Lender, subject its "Loans") to the terms of this Agreement, make Loans to a Borrower equal to such Lender’s 's Percentage of the aggregate amount of the each Borrowing requested by such the Borrower to be made on such day. The commitment of each such Lender described in this Section 2.1.1 is herein referred to as its “Commitment”. On the terms and subject to the conditions hereof, the Borrowers may from time to time borrow, prepay and reborrow Loans2.

Appears in 1 contract

Sources: Credit Agreement (Prosource Inc)