Initial Commitments. Parent represents that (a) Schedule A includes a true and complete copy of all of the Equity Commitment Letters that the Investors have executed and delivered to Parent as of the date hereof, (b) Schedule B includes a true and complete copy of the Warrant Exchange Agreement as of the date hereof, and (c) Schedule C includes a true and complete copy of the Noteholder Conversion Agreement as of the date hereof.
Initial Commitments. Lender Initial Commitment ----------------------------------------------------- ----------------------------------------------------- ABN AMRO Bank N.V. $75,000,000 ----------------------------------------------------- ----------------------------------------------------- Bank One, N.A. $50,000,000 ----------------------------------------------------- ----------------------------------------------------- KeyBank National Association $37,500,000 ----------------------------------------------------- ----------------------------------------------------- Commerzbank AG, New York $25,000,000 and Grand Cayman Branches ----------------------------------------------------- ----------------------------------------------------- Societe Generale $25,000,000 ----------------------------------------------------- ----------------------------------------------------- Mizuho Corporate Bank, Ltd. $25,000,000 ----------------------------------------------------- ----------------------------------------------------- Wachovia Bank, National $25,000,000 Association ----------------------------------------------------- ----------------------------------------------------- The Royal Bank Scotland plc $25,000,000 ----------------------------------------------------- ----------------------------------------------------- Landesbank Sachsen Girozentrale $18,750,000 ----------------------------------------------------- ----------------------------------------------------- Bank of New York $18,750,000 ----------------------------------------------------- ----------------------------------------------------- The Northern Trust Company $18,750,000 ----------------------------------------------------- ----------------------------------------------------- Landesbank Baden-Wuerttemberg New York Branch and/or Cayman $12,500,000 Islands Branch ----------------------------------------------------- ----------------------------------------------------- UFJ Bank Limited $12,500,000 ----------------------------------------------------- ----------------------------------------------------- Bayerische Hypo und Vereinsbank AG, $12,500,000 New York Branch ----------------------------------------------------- ----------------------------------------------------- Allied Irish Banks P.L.C. $12,500,000 ----------------------------------------------------- ----------------------------------------------------- The Bank of Tokyo-Mitsubishi, Ltd. $12,500,000 Chicago Branch -----------------------------------...
Initial Commitments. Each EC Investor has provided Parent and the Company with an Equity Commitment Letter, each of which is attached hereto as Exhibits B-1 and B-2, respectively. Such Equity Commitment Letters describe, among other things, the several commitments of each of the EC Investors to make or cause to be made a cash contribution to Parent at the Closing in the amount, for each EC Investor equal to the Equity Commitment, for each EC Investor, respectively. The rights and obligations of each EC Investor under its respective Equity Commitment Letter may not be transferred or assigned except in accordance with this Agreement and the applicable Equity Commitment Letter.
Initial Commitments. Upon the execution of this Agreement and satisfaction of the conditions precedent set forth in Section 2.1, the Term Loan Commitment established hereunder will be $6.2 million ("Term Loan Commitment"). Notwithstanding the foregoing, upon Borrowers' request and satisfaction of the conditions precedent set forth in Section 2.2, Lenders (in their sole and absolute discretion) may establish one or more additional Facilities (which will become part of the Term Loan Facility) pursuant to which the Term Loan Commitment may be increased from time to time by up to $10 million for a total Term Loan Commitment of up to $16.2 million.
Initial Commitments. Upon the execution of this Agreement and satisfaction of each condition precedent set forth in Section 2.2 hereof (on or before October 31, 1996), the Line of Credit Commitment established hereunder will be $20 million ("Line of Credit Commitment"). Upon the execution of this Agreement and satisfaction of each condition precedent set forth in Section 2.2 hereof (on or before October 31, 1996), the Term Loan Commitment established hereunder will be determined in accordance with the following schedule ("Term Loan Commitment"): Gross Proceeds Term Loan of CCISG IPO Commitment ------------ ---------- LESS THAN $50 million $0.00 GREATER THAN OR EQUAL TO $50 million but LESS THAN $70 million Up to $15 million (at Borrowers' election) GREATER THAN OR EQUAL TO $70 million $0.00 -
Initial Commitments. (i) Subject to the terms and conditions hereof, on the Closing Date, each Lender with an Initial Commitment shall make to the Borrower (so long as all conditions precedent required hereby shall have then been satisfied or waived), a term loan in an aggregate principal amount equal to such Xxxxxx’s Initial Commitment. The aggregate amount of all Initial Commitments is $45,000,000. The Initial Commitments may only be drawn on the Closing Date and, once repaid, may not be reborrowed.
Initial Commitments. Subject to the terms and conditions set forth herein, each Lender commits to make Loans to the Borrower from time to time during the period commencing on the Closing Date and ending on the Maturity Date in an aggregate outstanding principal amount equal to the amount set forth beside such Lender’s name in Schedule 2.1 under the heading “Commitment”, provided that a Lender shall not be required to extend further credit hereunder if such extension would result in (a) such Lender’s Credit Exposure exceeding such Lender’s Commitment, or (b) the aggregate Credit Exposures exceeding the aggregate Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow Loans.
Initial Commitments. Subject to the terms and conditions set forth herein, each Initial Lender agrees, severally and not jointly, to make an Initial Loan to the Borrower on the Closing Date in the principal amount of its Initial Commitment, the proceeds of which Initial Loans shall be deposited into the Escrow Account in accordance with the Escrow Agreement. The Borrower may make only one borrowing under the Initial Commitments, which shall be on the Closing Date. Any amount borrowed under this Section 2.01 and subsequently repaid or prepaid may not be reborrowed. All amounts owed hereunder with respect to the Initial Loans not previously repaid or prepaid shall be paid in full no later than the Maturity Date applicable to the Initial Loans.
Initial Commitments. Upon the execution of this Agreement and satisfaction of the conditions precedent set forth in Article 4, (a) the Term Loan A Commitment established hereunder will be $2,500,000 (“Term Loan A Commitment”), and (b) the Term Loan B Commitment established hereunder will be $7,500,000 (“Term Loan B Commitment”).
Initial Commitments. Each Partner agrees to make additional cash -------------------- capital contributions to the Partnership which in the aggregate equal its Partnership Share of $566,900,000 (its "Initial Commitment"). The Partners' Initial Commitments shall be due and payable pro rata in the ratio of their Partnership Shares and are contemplated to become due and payable in accordance with the plan, budget and schedule set forth in Exhibit D hereto (the "Initial Budget"). The Initial Budget is an estimate of the expected costs required to operate the Partnership from the Effective Date until the end of 2008. The Partners recognize that it is not possible to predict the exact nature, timing and amounts of the required costs set forth in the Initial Budget. Thus, the exact nature, timing and amounts of such costs (and the timing and amounts of the Initial Commitments necessary to fund such costs) will be determined by the Management Committee; provided, however, the Management Committee shall be obligated to abide by any milestones or conditions specifically set forth in the Initial Budget that are required to be met before certain expenditures are required to be made. At least thirty (30) days prior to the date of anticipated expenditure of any cost projected in the Initial Budget, the Management Committee shall give each Partner notice of the exact amount required to be contributed by it as part of its Initial Commitment. Each Partner's payment of such portion of its Initial Commitment shall be due and payable to the Partnership on the fifth (5th) day preceding the date of anticipated expenditure of such cost; provided that, if the Management Committee elects not to make such expenditure or such expenditure is postponed for more than ninety (90) days, each Partner's payment of such portion of its Initial Commitment shall be refunded (without interest thereon), but each Partner shall remain obligated to contribute the balance and any refunded portion of its Initial Commitment.
