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

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

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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

Samples: 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

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

Loan Commitments. (i) Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a an Initial Term Loan to Borrower Company in an amount equal not to exceed such Lender’s Closing Date Initial Term Loan Commitment. Borrower Company 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(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 Initial 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 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

Samples: First Lien Credit and Guaranty Agreement (X Rite Inc), Security Agreement (X Rite 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

Samples: 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 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

Samples: 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 with a Second Lien Term Loan Commitment severally agrees to make, on the Closing Date, a Second Lien Term Loan to Borrower in Dollars in an amount equal to such Lender’s Closing Date Second Lien Term Loan Commitment. Borrower may make only one borrowing under the Closing Date Second Lien Term Loan Commitment which shall be on the Closing DateCommitment. 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 Second Lien Term Loans shall be paid in full no later than the Second Lien Term Loan Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Second Lien 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 Second Lien Term Loan Commitment on such date.

Appears in 2 contracts

Samples: Second Lien Credit and Guaranty Agreement (Arizona Chemical Ltd.), Counterpart Agreement (Arizona Chemical Ltd.)

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

Samples: Credit and Guaranty Agreement, 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 A and Term Loan B, as applicable, to Borrower the Company in an amount equal to such Lender’s Closing Date 's Term Loan Commitment. Borrower A Commitment and Term Loan B Commitment as set forth in Appendix A. The 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(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 '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

Samples: Credit Agreement (Mission Energy Holding Co)

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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

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

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

Samples: Project    Description    Agreement (Covanta Holding Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Initial Term Loan Lender severally agrees to make, on the Closing Date, a an Initial Term Loan to Borrower Company in an amount equal to such Lender’s Closing Date Initial Term Loan Commitment. Borrower Company 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(a2.9(a) and 2.142.10, all amounts owed hereunder with respect to the Initial Term Loans shall be paid in full no later than the Initial Term Loan Maturity Date applicable to such Term LoansDate. Each Initial Term Loan 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 1 contract

Samples: Credit and Guaranty Agreement (J Crew 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 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

Samples: Credit and Guaranty Agreement (Primo Water Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with an Initial Term Loan Commitment severally agrees to make, on the Closing Date, a an Initial Term Loan to Borrower the Company in an amount equal to such Lender’s Closing Date Initial Term Loan Commitment. Borrower The Company may make only one borrowing under the Closing Date Initial 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 Initial Term Loans shall be paid in full no later than the applicable Maturity Date applicable to such Term LoansDate. Each Lender’s Closing Date Initial 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 Closing Date Initial Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit Agreement (NMI Holdings, Inc.)

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