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 Third Restatement Date, Tranche B Term Loans in Dollars to Borrower in an amount equal to such Lender’s Tranche B Term Loan Commitment. 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 A Term Loans and the Tranche B Term Loans shall be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively. Each Lender’s Tranche B Term Loan Commitment shall terminate immediately and without further action on the Third Restatement Date after giving effect to the funding of such Lender’s Tranche B Term Loan Commitment on such date.

Appears in 13 contracts

Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.), Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.), Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)

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

Appears in 5 contracts

Samples: Credit and Guaranty Agreement (RadNet, Inc.), Intercreditor Agreement (RadNet, Inc.), Credit and Guaranty Agreement (RadNet, Inc.)

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

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Education Management LLC), Credit and Guaranty Agreement (Education Management LLC)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Third Restatement Closing Date, a Tranche B Term Loans in Dollars Loan to Borrower Company in an amount equal to such Lender’s 's Tranche B Term Loan Commitment. Company may make only one borrowing under the 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 A Term Loans and the Tranche B Term Loans shall be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively. Each Lender’s 's Tranche B Term Loan Commitment shall terminate immediately and without further action on the Third Restatement Closing Date after giving effect to the funding of such Lender’s 's Tranche B Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Mariner Health Care Inc)

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Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Third Restatement Closing Date, a Tranche B Term Loans in Dollars Loan to Borrower the Company in an amount equal to such Lender’s Tranche B Term Loan Commitment. The Company may make only one borrowing under the Tranche B Term Loan 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 2.12, 2.13(a) and 2.14, all amounts owed hereunder with respect to the Tranche A Term Loans and the Tranche B Term Loans shall be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively. Each Lender’s Tranche B Term Loan Commitment shall terminate immediately and without further action on the Third Restatement Closing Date after giving effect to the funding of such Lender’s Tranche B Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Bell Powersports, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Tranche B Term Loan Lender severally agrees to make, on the Third Restatement Closing Date, a Tranche B Term Loans in Dollars Loan to Borrower in an amount equal to such Lender’s Tranche B Term Loan Commitment. Borrower may make only one borrowing under the Tranche B Term Loan 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 A Term Loans and the Tranche B Term Loans shall be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively. Each Lender’s Tranche B Term Loan Commitment shall terminate immediately and without further action on the Third Restatement Closing Date after giving effect to the funding of such Lender’s Tranche B Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Aeroflex Holding Corp.)

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