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 Company in an amount equal to such Lender's Term Loan Commitment. Company may make only one borrowing under the 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. Each Lender'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 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 Term Loan to Company the Borrower in an amount equal to such Lender's Term Loan ’s Commitment. Company The Borrower may make only one borrowing under the 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(a2.8, 2.9(a) 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. Each Lender's Term Loan ’s Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender's Term Loan ’s Commitment on such date.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (TiVo Corp), Credit and Guaranty Agreement (BlueLinx 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 Company in an amount equal to such Lender's Term Loan Commitment. Company may make only one borrowing under the 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. Each Lender'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 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 Date, a Term Loan to Company Borrower in an amount equal to such Lender's ’s Term Loan Commitment. Company Borrower may make only request one borrowing under the 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 Term Loan Maturity Date. Each Lender's ’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 ’s 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 severally agrees to make, on the Closing Date, a Term Loan to Company Borrower in an amount equal to such Lender's ’s Term Loan Commitment. Company Borrower may make only one borrowing under the 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 Term Loan Maturity Date. Each Lender's ’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 ’s 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 severally agrees to make, on the Closing Date, a Term Loan to Company in an amount equal to such Lender's ’s Term Loan Commitment. Company may make only one borrowing under the 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. Each Lender's ’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 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, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company in an amount equal to such Lender's ’s Term Loan Commitment. Company may make only one borrowing under the 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. Each Lender's ’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 ’s 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 Company Borrower in an amount equal to such Lender's ’s Term Loan Commitment. Company Borrower may make only request one borrowing under the 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 Term Loan Maturity Date. Each Lender's ’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 ’s 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 with a Commitment severally agrees to make, on the Closing Date, a Term an Initial Loan to the Company in an amount equal to such Lender's Term Loan ’s Commitment. The Company may make only one borrowing under the Term Loan Commitment Commitments, which shall be on the Closing Date. Any amount Amounts 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 2.09, all amounts owed hereunder with respect to the Term Initial Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender's Term Loan Commitment shall terminate immediately and without further action on the Closing Date Date, after giving effect to the funding of such Lender's Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit Agreement (NMI Holdings, 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 Company the Borrower in an amount equal to such Lender's ’s Term Loan Commitment. Company The Borrower may make only one borrowing under the 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. Each Lender's ’s 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 ’s 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 severally agrees to make, on the Closing Funding Date, a Term Loan to Company Borrower in an amount equal to such Lender's Term Loan Commitment. Company Borrower may make only one borrowing under the 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. Each Lender'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 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 to Company in an amount equal to such Lender's Term Loan Commitment. Company may make only one borrowing under the 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 and 2.142.12, all amounts owed hereunder with respect to the Term Loans Loan shall be paid in full no later than the Term Loan Maturity Date. Each Lender'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 Term Loan Commitment Commitment, if any, on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Navisite Inc)

Loan Commitments. Subject to the terms and conditions hereof, ---------------- each Lender severally agrees to make, on the Closing Date, a Term Loan to Company in an amount equal to such Lender's Term Loan Commitment. Company may make only one borrowing under the 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. Each Lender'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 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 with a Commitment severally agrees to make, on the Closing Date, a Term Loan to Company one or more of the Borrowers in an amount equal to such Lender's Term Loan ▇▇▇▇▇▇’s Commitment. Company The Borrowers may make only one borrowing under the Term Loan Commitment Commitments, which shall be on the Closing Date. Any amount Amounts 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 2.06, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender's Term Loan Commitment shall terminate immediately and without further action on the Closing Date Date, after giving effect to the funding of such Lender's Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit Agreement (Ambac Financial Group Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term an Interim Loan to Company Borrower in an amount equal to such Lender's Term Loan Commitment’s Commitments. Company Borrower may make only one borrowing under the 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 2.2, 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Interim Loans shall be paid in full no later than the Term Interim Loan Maturity Date. Each Lender's Term Loan ’s Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender's Term Loan ’s Commitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Aeroflex Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company in an amount equal to such Lender's ’s Term Loan Commitment. Company may make only one borrowing under the 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. Each Lender's ’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 ’s 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 with a Commitment severally agrees to make, on the Closing Date, a Term an Initial Loan to Company the Borrower in an amount equal to such Lender's Term Loan ’s Commitment. Company The Borrower may make only one borrowing under the Term Loan Commitment Commitments, which shall be on the Closing Date. Any amount Amounts 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 2.09, all amounts owed hereunder with respect to the Term Initial Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender's Term Loan Commitment shall terminate immediately and without further action on the Closing Date Date, after giving effect to the funding of such Lender's Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit Agreement (Genworth Financial Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company the Borrower in an amount equal to such Lender's ’s Term Loan Commitment. Company The Borrower may make only one borrowing under the 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. Each Lender's ’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 ’s 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 Company Borrower in an amount equal to such Lender's ▇▇▇▇▇▇’s Term Loan Commitment. Company Borrower may make only request one borrowing under the 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 Term Loan Maturity Date. Each Lender's ’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 ’s Term Loan Commitment on such date.

Appears in 1 contract

Sources: Term Loan Credit Agreement (Bumble Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company in an amount equal not to exceed such Lender's ’s Term Loan Commitment. Company may make only one borrowing under the 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. Each Lender's ’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 ’s Term Loan Commitment on such date.

Appears in 1 contract

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

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company Borrower in an amount equal to such Lender's Term Loan ’s Commitment. Company Borrower may make only one borrowing under the 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(aSection 2.9, Section 2.10(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. Each Lender's Term Loan ’s Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender's Term Loan ’s Commitment on such date.

Appears in 1 contract

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

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company Borrower in an amount equal to such Lender's ’s Term Loan Commitment. Company Borrower may make only one borrowing under the 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. Each Lender's ’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 ’s 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 Company in an amount equal to such Lender's ’s Term Loan Commitment. Company may make only one borrowing under the 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. Each Lender's ’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 ’s 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 the Company in an amount equal to such Lender's Term Loan Commitment. Company may make only one borrowing under the 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. Each Lender'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 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 Term Loan to Company Borrower in an amount equal to such Lender's ’s Term Loan Commitment. Company Borrower may make only one borrowing under the 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. Each Lender's ’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 ’s Term Loan Commitment on such dateCommitment.

Appears in 1 contract

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