Loan Commitments. Subject to the terms and conditions hereof: (i) each Lender holding a Tranche B-1 Term Loan Commitment severally agrees to make, on the Closing Date, a Tranche B-1 Term Loan to Borrower in an amount equal to such Lender’s Tranche B-1 Term Loan Commitment; and (ii) each Lender holding a Tranche B-2 Term Loan Commitment severally agrees to make, on the Closing Date, a Tranche B-2 Term Loan to Borrower in an amount equal to such Lender’s Tranche B-2 Term Loan Commitment. Borrower may make only one borrowing under each of the Tranche B-1 Term Loan Commitment and Tranche B-2 Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1 and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.10 and 2.11, all amounts owed hereunder with respect to the Loans shall be paid in full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Commitment on such date.
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Sources: Senior Secured Super Priority Debtor in Possession and Exit Credit and Guaranty Agreement (Tronox Inc), Senior Secured Super Priority Debtor in Possession and Exit Credit and Guaranty Agreement
Loan Commitments. Subject to the terms and conditions hereof:
, (i) each Lender holding a Tranche B-1 Term Loan Commitment Lender severally agrees to make, on the Closing Date, a Tranche B-1 Term Loan to Borrower in an amount equal to such Lender’s Tranche B-1 Term Loan Commitment; and
Commitments and (ii) each Lender holding a Tranche B-2 Term Loan Commitment Lender severally agrees to make, on the Closing Date, a Tranche B-2 Term Loan to Borrower in an amount equal to such Lender’s Tranche B-2 Term Loan CommitmentCommitments. Borrower may make only one borrowing under each of the Tranche B-1 Term Loan Commitment and Tranche B-2 Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.10 2.13(a) and 2.112.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Tranche B Term Loan Maturity Date. Each Lender’s 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 Tranche B Term Loan Commitment on such date.
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Loan Commitments. Subject to the terms and conditions hereof:,
(i) each Lender holding with a Tranche B-1 Term Loan Commitment severally agrees to make, on the Closing Date, a Tranche B-1 Term Loan to Borrower the Company in an amount equal to such Lender’s Tranche B-1 Term Loan Commitment; and
(ii) each Lender holding with a Tranche B-2 Term Loan Commitment severally agrees to make, on the Closing Date, a Tranche B-2 Term Loan to Borrower the Company in an amount equal to such Lender’s Tranche B-2 Term Loan Commitment. Borrower The Company may make only one borrowing under each of the Tranche B-1 Term Loan Commitment and Tranche B-2 Term Loan Commitment which shall be on the Closing Date. Any amount Amounts borrowed under this Section 2.1 2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.10 and 2.11Section 2.09, all amounts owed hereunder with respect to the Tranche B-1 Term Loans and the Tranche B-2 Term Loans shall be paid in full no later than the Maturity DateDate applicable to such Term Loans. Each Lender’s Tranche B-1 Term Loan Commitment and Tranche B-2 Term Loan Commitment shall terminate immediately and without further action on the Closing Date and after giving effect to the funding of such Lender’s Tranche B-1 Term Loan Commitment and Tranche B-2 Term Loan Commitment on such date.
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Loan Commitments. Subject to the terms and conditions hereof:
(i) , each Lender holding a Tranche B-1 of the New Term Loan Commitment severally agrees Lenders agrees, pursuant to makethe Fourth Amendment, to make on the Closing Date, Fourth Amendment Effective Date a Tranche B-1 New Term Loan to Borrower in an the amount equal to such Lender’s Tranche B-1 its New Term Loan Commitment; and
(ii) provided that each Continuing Lender holding having a Tranche B-2 New Term Loan Commitment severally agrees to make, shall make New Term Loans on the Closing Date, a Tranche B-2 Fourth Amendment Effective Date by exchanging its Existing Term Loan to Borrower Loans for New Term Loans in an amount equal to such Lender’s Tranche B-2 Term Loan Commitmentthe manner contemplated by this Section 2.1 and by the Fourth Amendment. Borrower Company may make only one borrowing under each of the Tranche B-1 New Term Loan Commitment and Tranche B-2 Term Loan Commitment Commitments which shall be made on the Closing Fourth Amendment Effective Date. Any amount borrowed under this Section 2.1 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.10 2.13(a) and 2.112.14, all amounts owed hereunder with respect to the New Term Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s New Term Loan Commitment shall terminate immediately and without further action on the Closing Fourth Amendment Effective Date after giving effect to the funding of such Lender’s New Term Loan Commitment on such date.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Kraton Polymers LLC)
Loan Commitments. Subject During the Availability Period, subject to the terms and conditions hereof:
(i) , each Lender holding a Tranche B-1 Term Loan Commitment severally Lender agrees to make, on the Closing Date, a Tranche B-1 make Term Loan Loans to Borrower in an amount equal to such Term Loan Lender’s Tranche B-1 Pro Rata Funding Share of the requested Term Loan up to but not exceeding such Term Loan Lender’s Term Loan Commitment; and
(ii) each Lender holding a Tranche B-2 provided, that after giving effect to the making of any Term Loans in no event shall the Term Loans exceed the Term Loan Commitment severally agrees to make, on the Closing Date, a Tranche B-2 Term Loan to Borrower Commitments then in an amount equal to such Lender’s Tranche B-2 Term Loan Commitment. Borrower may make only one borrowing under each of the Tranche B-1 Term Loan Commitment and Tranche B-2 Term Loan Commitment which shall be on the Closing Dateeffect. Any amount borrowed under this Section 2.1 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.10 2.12(a) (Voluntary Prepayments) and 2.112.13 (Mandatory Prepayments; Commitment Termination), all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Final Maturity Date. Each On each Credit Date on which a Term Loan is funded, each Term Loan Lender’s Term Loan Commitment shall terminate be immediately and without further action on the Closing Date after giving effect to the funding of reduced by such Term Loan Lender’s Commitment Pro Rata Funding Share of the amount of Term Loans funded on such dateCredit Date.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Cheniere Energy Partners, L.P.)
Loan Commitments. (i) Subject to the terms and conditions of this Agreement, each of the Continuing Lenders agrees that the Tranche D Term Loans made by such Lender under the Existing Credit Agreement in the amounts set forth in Schedule 2.1A shall remain outstanding on and after the Effective Date as Tranche E Term Loans made pursuant to this Agreement and such Term Loans shall on and after the Effective Date have all of the rights and benefits of Tranche E Term Loans as set forth in this Agreement and the other Loan Documents.
(ii) Subject to the terms and conditions hereof:
(i) , each Lender holding a Tranche B-1 Term Loan Commitment severally agrees to make, on the Closing Effective Date, a Tranche B-1 E Term Loan to Borrower Company in an amount equal to such Lender’s 's Tranche B-1 Term Loan Commitment; and
(ii) each Lender holding a Tranche B-2 Term Loan Commitment severally agrees to make, on the Closing Date, a Tranche B-2 Term Loan to Borrower in an amount equal to such Lender’s Tranche B-2 E Term Loan Commitment. Borrower Company may make only one borrowing under each of the Tranche B-1 Term Loan Commitment and Tranche B-2 E Term Loan Commitment which shall be on the Closing Effective Date. Any amount borrowed under this Section 2.1 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.10 2.12(a) and 2.112.13, all amounts owed hereunder with respect to the Tranche E Term Loans shall be paid in full no later than the Tranche E Term Loan Maturity Date. Each Lender’s 's Tranche E 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 's Tranche E Term Loan Commitment on such date.
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