Commitment to Make Loans Sample Clauses
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Commitment to Make Loans. (a) Subject to the terms and ------------------------ conditions and relying upon the representations and warranties herein set forth, each Lender agrees, severally and not jointly, to make a Tranche A Term Loan to the Borrower on the Closing Date in a principal amount equal to the amount of its Tranche A Term Loan Commitment.
(b) Subject to the terms and conditions and relying upon the representations and warranties herein set forth, each Lender agrees, severally and not jointly, to make a Tranche B Term Loan to the Borrower on the Closing Date in a principal amount equal to the amount of its Tranche B Term Loan Commitment.
(c) Subject to the terms and conditions and relying upon the representations and warranties herein set forth, each Revolving Credit Lender agrees, severally and not jointly, to make Revolving Loans to the Borrower, at any time and from time to time during the Revolving Credit Availability Period, in an aggregate principal amount at any one time outstanding not to exceed the excess, if any, of (i) such Lender's Revolving Credit Commitment at such time over (ii) such Lender's Revolving Credit Exposure at such time.
(d) Subject to the terms and conditions and relying upon the representations and warranties herein set forth, the Swingline Lender agrees to make Swingline Loans to the Borrower at any time and from time to time after the Closing Date and during the Revolving Credit Availability Period, in an aggregate principal amount at any time outstanding not to exceed the lesser of (i) $2,000,000 and (ii) the excess, if any, of (A) the Revolving Credit Commitments at such time over (B) the Aggregate Revolving Credit Exposure at such time.
(e) The Borrower may borrow, pay or prepay and reborrow Revolving Loans and Swingline Loans during the Revolving Credit Availability Period, within the limits set forth in Sections 2.01(c) and 2.01(d) and upon the other terms and subject to the other conditions and limitations set forth herein. Amounts paid or prepaid in respect of the Tranche A Term Loans or the Tranche B Term Loans may not be reborrowed.
Commitment to Make Loans. From time to time on any Business Day occurring prior to the Commitment Termination Date, the Lenders will make a loan (the "Loan") to the Borrower equal to the aggregate amount of the Borrowing requested by the Borrower to be made on such day. No amounts paid or prepaid with respect to any Loan may be reborrowed.
Commitment to Make Loans. Each Bank severally agrees to make a Loan to the Company on the Closing Date in an aggregate amount not to exceed such Bank’s Commitment. The Loans will be made available subject only to the conditions set forth in Section 9.
Commitment to Make Loans. From time to time prior to the Availability Termination Date, subject to the other provisions of this Agreement and the other Loan Documents, Lender hereby agrees to make loans to Borrower (such loans, the “Loans”) in an amount such that the aggregate principal amount of all Loans outstanding at any time shall not to exceed $35,000,000 (the “Commitment”). Subject to the terms and conditions hereof and prior to the Availability Termination Date, once borrowed and repaid, Loans may be reborrowed.
Commitment to Make Loans. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth, each Lender agrees, severally and not jointly, to make Loans to the Borrower, at any time and from time to time during the Availability Period, in an aggregate principal amount at any one time outstanding not to exceed an amount equal to the excess, if any, of (i) such Lender's Commitment set forth opposite its name on Schedule 2.02 (as the same may be reduced from time to time pursuant to Section 2.10 or changed from time to time pursuant to an assignment in accordance with Section 9.04) over (ii) the sum of (A) such Lender's Commitment Percentage of the aggregate outstanding and unpaid Loans at such time, and (B) such Lender's Letter of Credit Exposure at such time. It is understood and agreed that the total amount of outstanding Loans plus the total aggregate Letter of Credit Exposure at any time shall not exceed, at any time, the aggregate Commitments of all Lenders then in effect at such time.
(b) The Borrower may borrow, pay or prepay and reborrow Loans during the Availability Period, within the limits set forth in Section 2.02(a) and upon the other terms and subject to the other conditions and limitations set forth herein.
Commitment to Make Loans. Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars to the Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding which does not exceed the amount of such Lender’s then-applicable Commitment. The Borrower shall not request and no Lender shall be required to make any Loan if, after making such Loan, the Total Loans would exceed the Total Commitments then in effect. During the Commitment Period the Borrower may use the Commitments by borrowing, prepaying the Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Subject to Section 2.10, each Loan shall be either a Weekly Reset LIBO Rate Loan or a Eurocurrency Loan, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.
Commitment to Make Loans. Subject to the satisfaction of the applicable conditions precedent, CIT agrees to make Loans to Debtor, on or before September 25, 2009 up to the Maximum Loan Amount for the purchase of equipment, which equipment must be approved and deemed acceptable by CIT; provided that up to $500,000 of the proceeds of the Loans may be used for Softcosts. All Loans requested by Debtor shall be in increments of $100,000 and shall be due and payable on or before September 25, 2013.
Commitment to Make Loans. From time to time on any Business Day occurring prior to the Commitment Termination Date, upon delivery of a Loan Request by Borrower to Lender, Lender, in its sole and absolute discretion, may make loans (its "Loans") to Borrower equal to the aggregate amount of the Loan requested by Borrower to be made on such day; provided, however, that if (i) no Default has occurred and (ii) Borrower is in compliance with all requirements of the Development Plan and this Agreement, Lender agrees to make Loans in the amount requested by Borrower to be made on such date in the aggregate amount for all Loans up to the Minimum Commitment Amount. The commitment of Lender described in this Section 2.1.1 is herein referred to as its "Commitment". Lender shall not be permitted or required to make any Loan if, after giving effect thereto, the aggregate outstanding principal amount of all Loans would exceed the lesser of (a) the Commitment Amount or (b) the Maximum Commitment Amount. Borrower may not borrow, prepay and reborrow Loans.
Commitment to Make Loans. (a) Subject to the terms and conditions, and in reliance upon the representations and warranties set forth herein and in the other Related Documents, the Purchaser agrees to make Loans to the Issuer on the terms and subject to the conditions set forth in the Series 1997-1
Commitment to Make Loans. Subject to the terms and conditions of this Agreement, each Bank, severally and for itself alone, agrees to make a term loan to the Company on the Closing Date in an amount equal to such Bank’s Percentage of $125,000,000.