Initial Term Commitments. Subject to the terms and conditions set forth herein, (a) each Dollar Term Lender agrees to make a loan (an “Initial Dollar Term Loan”) to the Borrowers on the Effective Date denominated in Dollars in a principal amount not exceeding its Initial Dollar Term Commitment, it being agreed that $210,000,000 of such Initial Dollar Term Loan shall be borrowed by the Dutch Borrower and $150,000,000 of such Initial Dollar Term Loan shall be borrowed by the French Borrower and (b) each Euro Term Lender agrees to make a loan (an “Initial Euro Term Loan”) to the Borrowers on the Effective Date denominated in Euro in a principal amount not exceeding its Initial Euro Term Commitment, it being agreed that €45,000,000 of such Initial Euro Term Loan shall be borrowed by the Dutch Borrower and €30,000,000 of such Initial Euro Term Loan shall be borrowed by the French Borrower. Amounts repaid or prepaid in respect of Initial Term Loans may not be reborrowed.
Initial Term Commitments. Subject to the terms and conditions set forth herein, each Lender severally agrees to make a single term loan to the Borrower on the Closing Date (the “Initial Term Loan”) in a principal amount equal to the Initial Term Commitment of such Lender. The Initial Term Loan may be comprised of, from time to time, Base Rate Loans or Eurodollar Loans or a combination thereof. The execution and delivery of this Agreement by the Borrower and the satisfaction of all conditions precedent pursuant to Section 3.1 shall be deemed to constitute the Borrower’s request to borrow the Initial Term Loan on the Closing Date; provided that the Initial Term Loan made on the Closing Date shall be a Base Rate Borrowing unless a funding indemnity letter in form and substance reasonably satisfactory to the Administrative Agent is received three (3) Business Days prior to the Closing Date. It is understood and agreed that to the extent the Sterling Acquisition is not consummated prior to or simultaneously with the Closing Date, $100,000,000 of the Initial Term Loans (the “Escrowed Amount”) shall be funded into a segregated account maintained by the Borrower with the Administrative Agent (the “Segregated Account”).
Initial Term Commitments. Pursuant to the Existing Note Agreement, the Existing Holders made Term Loans (as defined in the Existing Note Agreement) (the “Existing Term Loans”) to the Company in the full amount of their Term Commitments (as defined in the Existing Note Agreement), whereupon such Term Commitments automatically terminated. As of the Amendment Closing Date, the aggregate outstanding principal balance of the Existing Term Loans is $100,000,000 and the outstanding principal balance of the Existing Term Loans held by each Existing Holder is as follows: (I) Fortress Opportunities, $75,000,000, (II) Fortress Funding III, $20,000,000 and (III) Fortress Funding IV LP, $5,000,000. Subject to the terms and conditions set forth herein, on the Amendment Closing Date, (A) the Existing Term Loans held by the Continuing Holders in the aggregate principal amount of $95,000,000 under the Existing Note Agreement shall be rolled over into and shall constitute Initial Term Loans hereunder, (B) each Continuing Holder holding an Existing Term Loan as of the Amendment Closing Date shall constitute an Initial Term Holder hereunder, (C) each Initial Term Holder severally agrees to make an Initial Term Loan to the Company in a single drawing on the Amendment Closing Date in an amount equal to (x) the full amount of its Initial Term Commitment minus (y) the outstanding principal balance of the Existing Term Loan, if any, held by such Initial Term Holder and (D) a portion of the proceeds of the Initial Term Loans funded under the foregoing clause (C) in the amount of $5,000,000 plus the amount of any accrued interest on Existing Term Loan held by the Departing Holder shall be remitted to the Departing Holder and applied to repay such Existing Term Loan and accrued interest in full. The Existing Holders hereby (1) consent to the repayment of the Existing Term Loan held by the Departing Holder and waive any requirement under the Existing Note Agreement or otherwise that such repayment be applied ratably to the Obligations (as defined in the Existing Note Agreement) held by all of the Existing Holders, (2) waive any requirement under the Existing Note Agreement or otherwise that the Company provide any prior notice of such repayment and (3) waive any obligation of the Company to pay and any right of the Administrative Agent or the Existing Holders to receive any fee, premium or other amount under the Existing Note Agreement or otherwise in connection with such repayment. Upon any payment or prepaym...
Initial Term Commitments. Initial Term Lender Initial Term Commitment The Bank of Nova Scotia $1,000,000,000 Total $1,000,000,000 320 95007615_1 Schedule 10.02 ADMINISTRATIVE AGENT’S OFFICE, CERTAIN ADDRESSES FOR NOTICES ADMINISTRATIVE AGENT: Administrative Agent’s Office Agent Name: The Bank of Nova Scotia Address: The Bank of Nova Scotia 000 Xxxxxxxxxxx, 0xx Xxxxx Xxxxxx, XX0X 0XX Xxxxxx Xxxxxxx Attn: Phone: Email: SPV BORROWER: LCPR LOAN FINANCING LLC Address: Xxxxx 000, 0000 Xxxxxxx Xxxx Wilmington, DE 19807 Attention: Xxxxxx Fiduciary Services (Delaware) Inc. Email: THE COMPANY: LIBERTY COMMUNICATIONS OF PUERTO RICO LLC Address: x/x XxXXX Xxxxxxxxxxxxxx Xxx. Xxxxx 000, 0000 Xxxxxxx Xxxxxx Xxxxxx, XX 00000 Email: With a copy to: Ropes & Xxxx International LLP 00 Xxxxxxx Xxxx Xxxxxx XX0X 0XX Xxxxxx Xxxxxxx Attention: E-mail: Telephone: // Facsimile: 321 95007615_1 Schedule 10.21 Additional parties documents
Initial Term Commitments. Subject to the terms and conditions hereof, each Initial Term Lender severally agrees to make a term loan (an “Initial Term Loan”) to the Borrower on the Initial Term Loan Funding Date in an amount not to exceed the amount of the Initial Term Commitment of such Lender. The Initial Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12. The Initial Term Commitments shall terminate on the Initial Term Commitment Termination Date if the Initial Term Loan Funding Date has not occurred prior to the Initial Term Commitment Termination Date.
Initial Term Commitments. Initial Term Lender Initial Term Commitment The Bank of Nova Scotia $1,000,000,000 Total $1,000,000,000 SCHEDULE 10.02 ADMINISTRATIVE AGENT’S OFFICE, CERTAIN ADDRESSES FOR NOTICES ADMINISTRATIVE AGENT: Administrative Agent’s Office Agent Name: The Bank of Nova Scotia Address: The Bank of Nova Scotia 000 Xxxxxxxxxxx, 0xx Xxxxx London, EC2M 3NS United Kingdom Attn: Xxxx XxXxxxxx Phone: [Separately provided] Email: [Separately provided] SPV BORROWER: LCPR LOAN FINANCING LLC Address: Xxxxx 000, 0000 Xxxxxxx Xxxx Wilmington, DE 19807 Attention: Xxxxxx Fiduciary Services (Delaware) Inc. Email: XxxxxxxxXxxxxxxx@xxxxxx.xxx THE COMPANY: LIBERTY COMMUNICATIONS OF PUERTO RICO LLC Address: c/o LiLAC Communications Inc. Suite 710, 0000 Xxxxxxx Xxxxxx Denver, CO 80202 Email: [Separately provided] With a copy to: Ropes & Gray International LLP 00 Xxxxxxx Xxxx Xxxxxx XX0X 0XX Xxxxxx Xxxxxxx Attention: Xxxx Xxxxxx E-mail: [Separately provided] Telephone: [Separately provided] // Facsimile: [Separately provided]
Initial Term Commitments. Initial Term Lender Initial Term Commitment The Bank of Nova Scotia $1,000,000,000 Total $1,000,000,000
Initial Term Commitments. (a) On the Amendment No. 1 Effective Date, each of the Initial Term Lenders will make Initial Term Loans to the Borrower pursuant to Section 2.01(a) of the Amended Credit Agreement. The Initial Term Loans will constitute a new Class of Term Loans for all purposes under the Amended Credit Agreement.
Initial Term Commitments. Each Initial Term Lender made a term loan (an “Initial Term Loan”) to the Borrower on the Initial Term Loan Funding Date in an amount equal to the Initial Term Commitment of such Lender on the Initial Term Loan Funding Date. The Initial Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12.
Initial Term Commitments. Subject to the terms and conditions hereof, each Initial Term Lender severally, and not jointly, agrees to make a term loan (an “Initial Term Loan”) to the Borrower on the Third Amendment and Restatement Effectiveness Date in an amount equal to the Initial Term Commitment of such Lender on the Third Amendment and Restatement Effectiveness Date. The Initial Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12. The Initial Term Commitments shall terminate on 5:00 p.m. on the Third Amendment and Restatement Effectiveness Date if the Initial Term Loans have not been made by such time.
