Common use of Loan Commitments Clause in Contracts

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make Loans to Borrower in an amount equal to such Lender’s Term Loan Commitment. Borrower may make only one borrowing under the Term Loan Commitment on the Closing Date in the amount of the Initial Term Loan Availability and one borrowing for the balance of the Term Loan Commitment (if any) on the Full Availability 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(a) and 2.13, 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 Term Loan Commitment shall terminate immediately and without further action on the Full Availability Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Movie Gallery Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with an Initial Term Loan Commitment severally agrees to make Loans make, on the Closing Date, an Initial Term Loan to the Borrower in Dollars in an amount equal to such Lender’s Initial Term Loan Commitment. The Borrower may make only one borrowing under the Initial Term Loan Commitment which shall be on the Closing Date in the amount of the Initial Term Loan Availability and one borrowing for the balance of the Term Loan Commitment (if any) on the Full Availability 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(a2.11(a) and 2.132.12, 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 Loan Maturity DateLoans. Each Lender’s Initial Term Loan Commitment shall terminate immediately and without further action on the Full Availability Closing Date after giving effect to the funding of such Lender’s Initial Term Loan CommitmentCommitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Concordia Healthcare Corp.)

Loan Commitments. Subject to the terms and conditions hereof, each Initial Term Loan Lender severally agrees to make Loans make, on the Closing Date, an Initial Term Loan to Borrower Company in an amount equal to such Lender’s Initial Term Loan Commitment. Borrower Company may make only one borrowing under the Initial Term Loan Commitment which shall be on the Closing Date in the amount of the Initial Term Loan Availability and one borrowing for the balance of the Term Loan Commitment (if any) on the Full Availability 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(a2.9(a) and 2.132.10, 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. Each Initial Term Loan Lender’s Initial Term Loan Commitment shall terminate immediately and without further action on the Full Availability Closing Date after giving effect to the funding of such Lender’s Initial Term Loan CommitmentCommitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (J Crew Group Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make make, or pursuant to Section 2.1(c), elects to convert all or a portion of such Lender's Existing Term Loans into, a Term Loan on the Closing Date to Borrower in an amount equal to such Lender’s 's Term Loan Commitment. Borrower may make only one borrowing under the Term Loan Commitment which shall be on the Closing Date in the amount of the Initial Term Loan Availability and one borrowing for the balance of the Term Loan Commitment (if any) on the Full Availability 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(a2.13(a) and 2.132.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date, respectively. Each Lender’s 's Term Loan Commitment shall terminate immediately and without further action on the Full Availability Closing Date after giving effect to the funding of such Lender’s 's Term Loan CommitmentCommitment on such date.

Appears in 1 contract

Sources: Credit Agreement (Regal Entertainment Group)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with an Initial Term Loan Commitment severally agrees to make Loans make, on the Effective Date, an Initial Term Loan to the Borrower in an amount equal to such Lender’s Initial Term Loan Commitment. The Borrower may make only one borrowing under the Term Loan Commitment on the Closing Date in the amount of the Initial Term Loan Availability and one borrowing for the balance of the Term Loan Commitment (if any) Commitment, which shall be on the Full Availability Closing Effective Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12(a2.13(a) and 2.132.14, 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 Loan Maturity DateLoans. Each Lender’s Initial Term Loan Commitment shall terminate immediately and without further action on the Full Availability Closing Effective Date after giving effect to the funding of such Lender’s Initial Term Loan CommitmentCommitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Madison Air Solutions Corp)

Loan Commitments. (i) Subject to the terms and conditions hereof, each Lender severally agrees to make Loans make, on the Closing Date, an Initial Term Loan to Borrower in an amount equal to such Lender’s Initial Term Loan Commitment. . (ii) Borrower may make only one borrowing under the Initial Term Loan Commitment which shall be on the Closing Date in the amount of the Initial Term Loan Availability and one borrowing for the balance of the Term Loan Commitment (if any) on the Full Availability 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(a2.13(a) and 2.132.14, 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 Loan Maturity DateLoans. Each Lender’s Initial Term Loan Commitment shall terminate immediately and without further action on the Full Availability Closing Date after giving effect to the funding of such Lender’s Initial Term Loan CommitmentCommitment on such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Nord Anglia Education, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, ---------------- each Lender severally agrees to make Loans 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 '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 Term Loan Commitment Commitments which shall be on the Closing Date in the amount of the Initial Term Loan Availability and one borrowing for the balance of the Term Loan Commitment (if any) on the Full Availability 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(a) and 2.13, 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 Full Availability Closing Date after giving effect to the funding of such Lender’s 's Term Loan CommitmentCommitment on such date.

Appears in 1 contract

Sources: Credit Agreement (Mission Energy Holding Co)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with an Initial Term Loan Commitment severally agrees to make Loans make, on the Closing Date, an Initial Term Loan to Borrower the Company in an amount equal to such Lender’s Initial Term Loan Commitment. Borrower The Company may make only one borrowing under the Initial Term Loan Commitment Commitments, which shall be on the Closing Date in the amount of the Initial Term Loan Availability and one borrowing for the balance of the Term Loan Commitment (if any) on the Full Availability 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 2.12(a) and 2.13Section 2.09, all amounts owed hereunder with respect to the Initial Term Loans shall be paid in full no later than the Term Loan applicable Maturity Date. Each Lender’s Initial Term Loan Commitment shall terminate immediately and without further action on the Full Availability Closing Date Date, after giving effect to the funding of such Lender’s Initial Term Loan CommitmentCommitment on such date.

Appears in 1 contract

Sources: Credit Agreement (NMI Holdings, Inc.)