Common use of Loan Commitments Clause in Contracts

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Maturity Date applicable to such Term Loans. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 3 contracts

Sources: Credit and Guaranty Agreement (American Casino & Entertainment Properties LLC), First Lien Credit and Guaranty Agreement (American Casino & Entertainment Properties LLC), Second Lien Credit and Guaranty Agreement (American Casino & Entertainment Properties LLC)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan term loan to Borrower Company in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower The Company may make only one borrowing under the Closing Date Term Loan Commitment Commitment, which shall be borrowing may only occur on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a2.11(a) and 2.142.13, all amounts owed hereunder with respect to the Term Loans shall be paid Paid in full Full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and fully without further action on the Closing Date after giving effect to by any Person upon the funding of such Lender’s Closing Date Term Loan Commitment on such datethe Closing Date.

Appears in 3 contracts

Sources: Credit and Guaranty Agreement (ONE Group Hospitality, Inc.), Credit and Guaranty Agreement (ONE Group Hospitality, Inc.), Credit and Guaranty Agreement (ONE Group Hospitality, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. Lead Borrower may make only request one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14Section 2.12, all amounts owed hereunder with respect to the Term Loans Loan shall be paid in full no later than the Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 3 contracts

Sources: Abl Credit Agreement (B. Riley Financial, Inc.), Abl Credit Agreement (Franchise Group, Inc.), Abl Credit Agreement (Franchise Group, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Closing Date Term Loan to Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Closing Date Term Loans shall be paid in full no later than the Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (TerraForm Power, Inc.), Credit and Guaranty Agreement

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan term loan to Borrower (an “Initial Term Loan”) in an amount equal to such Lender’s Closing Date Term Loan CommitmentCommitment then in effect. Borrower may make only one borrowing under the Closing Date Term Loan Commitment in effect as of the Closing Date, which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a2.10(a) and 2.142.11, all amounts owed hereunder with respect to the Initial Term Loans shall be paid in full no later than the Maturity Date applicable to such Initial Term Loans. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Hamilton Lane INC), Credit and Guaranty Agreement (Hamilton Lane INC)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower Company in an amount equal to such Lender’s Closing Date 's Term Loan Commitment. Borrower Company may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date 's Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date 's Term Loan Commitment on such date.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Belden & Blake Corp /Oh/), Credit and Guaranty Agreement (Mariner Health Care Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a an Initial Term Loan to the Borrower in an amount equal to such Lender’s Closing Date Initial Term Loan Commitment. The Borrower may make only one borrowing under the Closing Date Initial Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a2.13, 2.14(a) and 2.142.15, all amounts owed hereunder with respect to the Initial Term Loans shall be paid in full no later than the Maturity Date applicable to such Term Loanswith respect thereto. Each Lender’s Closing Date Initial Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Initial Term Loan Commitment on such date.

Appears in 2 contracts

Sources: Credit Agreement (Fortress Transportation & Infrastructure Investors LLC), Credit Agreement (Intrawest Resorts Holdings, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Effective Date, a Term Loan to Borrower Company in an amount equal to such Lender’s Closing Date 's Term Loan Commitment. Borrower Company may make only one borrowing under the Closing Date each Lender's Term Loan Commitment which shall be on the Closing Effective Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a2.14(a) and 2.142.15, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date 's Term Loan Commitment shall terminate immediately and without further action on the Closing Effective Date after giving effect to the funding of such Lender’s Closing Date 's Term Loan Commitment on such date.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Berry Plastics Corp), Credit and Guaranty Agreement (BPC Holding Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Term Loan Funding Date, a Term Loan to the Borrower in an amount equal to such Lender’s Closing Date 's Term Loan Commitment. Borrower may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Term Loan Funding Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date 's Term Loan Commitment shall terminate immediately and without further action on the Closing Term Loan Funding Date after giving effect to the funding of such Lender’s Closing Date 's Term Loan Commitment on such date.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Gentek Inc), Second Lien Credit and Guaranty Agreement (Gentek Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower may make only request one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) Section 2.11 and 2.14Section 2.12, all amounts owed hereunder with respect to the Term Loans Loan shall be paid in full no later than the Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 2 contracts

Sources: Credit Agreement (Liberty Tax, Inc.), Credit Agreement (Franchise Group, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Term Loan Commitment severally agrees to make, on the Closing Date, a Term Loan to Borrower Company in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower Company may make only one borrowing under the Closing Date Term Loan Commitment Commitments which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) 2.11(a), 2.12 and 2.142.13, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Madison Square Garden Co)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Tranche B Term Loan to Borrower in an amount equal to such Lender’s Closing Date Tranche B Term Loan Commitment. Borrower may make only one borrowing under the Closing Date Tranche B Term Loan Commitment Commitments which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Tranche B Term Loans shall be paid in full no later than the Tranche B Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Tranche B Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Tranche B Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Bright Horizons Family Solutions Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower Company in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower Company may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) 2.11, 2.12 and 2.142.13, all amounts owed hereunder with respect to the Term Loans Loan shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Mortons Restaurant Group Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower Company in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower Company may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a2.12(a) and 2.142.13, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Entravision Communications Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower the Company in an amount equal to such Lender’s Closing Date 's Term Loan Commitment. Borrower Company may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date 's Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date 's Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (American Reprographics CO)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Tranche B Term Loan to Borrower in an amount equal to such Lender’s Closing Date Tranche B Term Loan Commitment. Borrower may make only one borrowing under the Closing Date Tranche B Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Tranche B Term Loans shall be paid in full no later than the Tranche B Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Tranche B Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Tranche B Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Och-Ziff Capital Management Group LLC)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower Company in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower Company may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Kraton Polymers LLC)

Loan Commitments. Subject to the terms and conditions hereof, : (i) each Lender severally agrees to make, on the Closing Date, a an Term Loan to Borrower Company in an amount equal to such Lender▇▇▇▇▇▇’s Closing Date Term Loan Commitment. Borrower ; Company may make only one borrowing under the Closing Date Term Loan Commitment Commitment, which shall be borrowing may only occur on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) 2.9 and 2.142.10, all amounts owed hereunder with respect to the Term Loans shall be paid Paid in full Full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and fully without further action on the Closing Date after giving effect to by any Person upon the funding of such Lender▇▇▇▇▇▇’s Closing Date Term Loan Commitment on such datethe Closing Date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Electra Battery Materials Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower may make only request one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a‎Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) ‎Section 2.11 and 2.14‎Section 2.12, all amounts owed hereunder with respect to the Term Loans Loan shall be paid in full no later than the Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit Agreement (Orbital Energy Group, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, make a Term Loan to the Borrower on the Closing Date in an amount equal to such Lender’s Closing Date Term Loan Commitment. The Borrower may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. The Term Loans may be Eurodollar Rate Loans or Base Rate Loans, as provided herein. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a2.9, 2.10(a) and 2.142.11, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit Agreement (Fortress Transportation & Infrastructure Investors LLC)

Loan Commitments. Subject to the terms and conditions hereof, ---------------- each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower Company in an amount equal to such Lender’s Closing Date 's Term Loan Commitment. Borrower Company may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a2.11(a) and 2.142.12, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date 's Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date 's Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Ipc Acquisition Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Funding Date, a Term Loan to Borrower in an amount equal to such Lender’s Closing Date 's Term Loan Commitment. Borrower may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Funding Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) 2.13 and 2.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date 's Term Loan Commitment shall terminate immediately and without further action on the Closing Funding Date after giving effect to the funding of such Lender’s Closing Date 's Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (3com Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan (each, a “Term Loan Loan”) to Borrower Company in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower Company may make only one borrowing under the Closing Date Term Loan Commitment which shall be made on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) 2.9, 2.10 and 2.142.11, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment (including any unused Term Loan Commitment) shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date the Term Loan Commitment Loans on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (U S Energy Systems Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on make at any time during the Closing DateTerm Loan Commitment Period, a Term Loan to the Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. The Borrower may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing DateCommitment. Any amount borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14Section 2.11, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Credit Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 1 contract

Sources: Term Loan Agreement (Globe Specialty Metals Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender “Term Loan Lender” severally agrees to make, on the Closing Funding Date, a Term Loan to Borrower in Dollars in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Funding Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term Loans. Each Term Loan Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Funding Date after giving effect to the funding in full of such Term Loan Lender’s Closing Date Term Loan Commitment on such date.

Appears in 1 contract

Sources: Loan Agreement (Atlantic Power Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Term Lender severally agrees to make, on the Closing Date, a Term Loan in Dollars to Borrower Company in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower Company may make only one borrowing under the Closing Date Term Loan Commitment (other than any Additional Term Loan Commitment) which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) 2.1 and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment (other than any Additional Term Loan Commitment) shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Covanta Holding Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower may make only one borrowing under the Closing Date Term Loan Commitment Commitment, which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (HealthSpring, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to the Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. The Borrower may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all All amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 1 contract

Sources: Term Loan and Guaranty Agreement (Neogenomics Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower Company in an amount equal to such Lender’s Closing Date 's Term Loan Commitment. Borrower Company may make only one borrowing under the Closing Date each Lender's Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a2.14(a) and 2.142.15, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date 's Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date 's Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Berry Plastics Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Tranche B Term Loan to Borrower in an amount equal to such Lender’s Closing Date Tranche B Term Loan CommitmentCommitments. Borrower may make only one borrowing under the Closing Date Tranche B Term Loan Commitment Commitments which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Tranche B Term Loans shall be paid in full no later than the Tranche B Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Tranche B Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Tranche B Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Aurora Diagnostics Holdings LLC)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a2.14(a) and 2.142.15, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such dateCommitment.

Appears in 1 contract

Sources: First Lien Credit and Guaranty Agreement (Movie Gallery Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) 2.13 and 2.14, all amounts owed hereunder with respect to the Term Loans Loan shall be paid in full no later than the Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 1 contract

Sources: Bridge Credit and Guaranty Agreement (Leonardo DRS, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Term Loan Commitment severally agrees to make, on the Closing Date, a Term Loan to Borrower the Companies in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower The Companies may make only one borrowing under the Closing Date Term Loan Commitment Commitments which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a2.11(a) and 2.142.12, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment Commitment, if any, on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Primo Water Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower Company in an amount equal to such Lender’s Closing Date Term Loan Commitment. Borrower Company may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12, 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Services International LLC)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower Company in an amount equal not to exceed such Lender’s Closing Date Term Loan Commitment. Borrower Company may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a2.1(a)(i) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 1 contract

Sources: First Lien Credit and Guaranty Agreement (X Rite Inc)