Common use of Loan Commitments Clause in Contracts

Loan Commitments. Subject to the terms and conditions hereof, each Term Loan Lender severally agrees to make the CCTP Term Loan on the CCTP Funding Date and the SPLNG Term Loan on the SPLNG Funding Date to Borrower in an amount equal to such Lender’s Pro Rata Share of the requested CCTP Term Loan up to such Lender’s CCTP Tranche Commitment and such Lender’s Pro Rata Share of the requested SPLNG Term Loan up to such Lender’s SPLNG Tranche Commitment, respectively. Borrower may make only two borrowings under the Term Loan Commitment (the CCTP Term Loan and the SPLNG Term Loan), which shall be on the CCTP Funding Date and the SPLNG Funding 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) (Voluntary Prepayments) and 2.13 (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 Term Loan Lender’s CCTP Tranche Commitment and SPLNG Tranche Commitment shall terminate immediately and without further action on the CCTP Funding Date and SPLNG Funding Date, respectively, in each case, after giving effect to the funding in full of such Term Loan Lender’s Pro Rata Share of the requested Term Loan on such date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Cheniere Energy Partners, L.P.), Credit and Guaranty Agreement

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Loan Commitments. Subject to the terms and conditions hereof, (x) each Lender with an Initial Dollar Term Loan Lender Commitment severally agrees to make make, on the CCTP Closing Date, a Dollar Term Loan on to the CCTP Funding Date and the SPLNG Term Loan on the SPLNG Funding Date to Borrower in an amount equal to such Lender’s Pro Rata Share of the requested CCTP Initial Dollar Term Loan up Commitment and (y) each Lender with an Initial Pounds Sterling Term Loan Commitment severally agrees to make, on the Closing Date, an Initial Pounds Sterling Term Loan to the Borrower in an amount equal to such Lender’s CCTP Tranche Commitment and such Lender’s Pro Rata Share of the requested SPLNG Initial Pounds Sterling Term Loan up to such Lender’s SPLNG Tranche Commitment, respectively. The Borrower may make only two borrowings one borrowing under the Initial Dollar Term Loan Commitment (and only one borrowing under the CCTP Initial Pounds Sterling Term Loan and the SPLNG Term Loan)Commitment, which which, in each case, shall be on the CCTP Funding Date and the SPLNG Funding 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) (Voluntary Prepayments2.11(a) and 2.13 (Mandatory Prepayments; Commitment Termination)2.12, all amounts owed hereunder with respect to the Initial Term Loans shall be paid in full no later than the Final Maturity DateDate applicable to such Initial Term Loans. Each Lender’s Initial Term Loan Lender’s CCTP Tranche Commitment and SPLNG Tranche Commitment shall terminate immediately and without further action on the CCTP Funding Closing Date and SPLNG Funding Date, respectively, in each case, after giving effect to the funding in full of such Lender’s Initial Term Loan Lender’s Pro Rata Share of the requested Term Loan Commitment on such date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Concordia International Corp.), Credit and Guaranty Agreement (Concordia Healthcare Corp.)

Loan Commitments. Subject to the terms and conditions hereof, (i) each Tranche B-1 Term Loan Lender severally agrees to make make, on the CCTP Closing Date, a Tranche B-1 Term Loan on the CCTP Funding Date and the SPLNG Term Loan on the SPLNG Funding Date to Borrower in an amount equal to such Lender’s Pro Rata Share of the requested CCTP Tranche B-1 Term Loan up Commitments and (ii) each Tranche B-2 Term Loan 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 CCTP Tranche Commitment and such Lender’s Pro Rata Share of the requested SPLNG B-2 Term Loan up to such Lender’s SPLNG Tranche Commitment, respectivelyCommitments. Borrower may make only two borrowings one borrowing under each of the Tranche B-1 Term Loan Commitment (the CCTP and Tranche B-2 Term Loan and the SPLNG Term Loan), Commitment which shall be on the CCTP Funding Date and the SPLNG Funding 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) (Voluntary Prepayments2.13(a) and 2.13 (Mandatory Prepayments; Commitment Termination)2.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Final Tranche B Term Loan Maturity Date. Each Lender’s Tranche B Term Loan Lender’s CCTP Tranche Commitment and SPLNG Tranche Commitment shall terminate immediately and without further action on the CCTP Funding Closing Date and SPLNG Funding Date, respectively, in each case, after giving effect to the funding in full of such Lender’s Tranche B Term Loan Lender’s Pro Rata Share of the requested Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Aeroflex Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Term Loan Lender severally agrees to make make, on the CCTP Closing Date, (A) a Dollar Tranche B Term Loan on to the CCTP Funding Date and the SPLNG Term Loan on the SPLNG Funding Date to U.S. Borrower in an amount equal to such Lender’s Pro Rata Share of the requested CCTP Dollar Tranche B Term Loan up Commitment and (B) a Euro Tranche B Term Loan to the Spanish Borrower in an amount equal to such Lender’s CCTP Euro Tranche Commitment and such Lender’s Pro Rata Share of the requested SPLNG B Term Loan up to such Lender’s SPLNG Tranche Commitment, respectively. Borrower The Borrowers may make only two borrowings one borrowing under each of the Dollar Tranche B Term Loan Commitment (Commitments and the CCTP Euro Tranche B Term Loan and the SPLNG Term Loan)Commitments, which shall be on the CCTP Funding Date Closing Date. Each Lender may, at its option, make any Term Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Term Loan; provided, that (i) respect to a Lender under the Euro Tranche B Term Loan that is a Spanish Qualifying Lender, such branch or Affiliate qualifies as a Spanish Qualifying Lender, and (ii) any exercise of such option shall not affect in any manner the SPLNG Funding Dateobligation of the applicable Borrower to repay such Term Loan in accordance with the terms of this Agreement. Any amount borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12(a) (Voluntary Prepayments2.13(a) and 2.13 (Mandatory Prepayments; Commitment Termination)2.14, all amounts owed hereunder with respect to the Dollar Tranche B Term Loans and the Euro Tranche B Term Loans shall be paid in full no later than the Final Dollar Tranche B Term Loan Maturity Date and the Euro Tranche B Term Loan Maturity Date, respectively. Each Lender’s Tranche B Term Loan Lender’s CCTP Tranche Commitment and SPLNG Tranche Commitment Commitments shall terminate immediately and without further action on the CCTP Funding Closing Date and SPLNG Funding Date, respectively, in each case, after giving effect to the funding in full of such Lender’s Tranche B Term Loan Lender’s Pro Rata Share of the requested Term Loan Commitments on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Grifols SA)

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Loan Commitments. Subject to the terms and conditions hereof, (i) each Lender with a Term Loan Lender Commitment to make Closing Date Term Loans severally agrees to make the CCTP a Closing Date Term Loan on the CCTP Funding Date and the SPLNG Term Loan on the SPLNG Funding Date to Borrower Company in an amount equal to such Lender’s Pro Rata Share of the requested CCTP 's Term Loan up Commitment for Closing Date Term Loans, (ii) NTL Delaware agrees to make a Delaware Term Loan to Company (with NCC as a co-obligor) in an amount equal to NTL Delaware's Term Loan Commitment, and (iii) each Lender with a Term Loan Commitment to make Deferred Draw Term Loans severally agrees to make a Deferred Draw Term Loan to Company in an amount equal to such Lender’s CCTP Tranche Commitment and such Lender’s Pro Rata Share of the requested SPLNG 's Term Loan up to such Lender’s SPLNG Tranche Commitment, respectivelyCommitment for Deferred Draw Term Loans. Borrower Company may only make only two borrowings under the Term Loan Commitment (the CCTP Term Loan and the SPLNG Term Loan), which shall be Commitments on the CCTP Funding Date and the SPLNG Funding Datedates set forth in clause (b) below. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12(a) (Voluntary Prepayments) 2.8 and 2.13 (Mandatory Prepayments; Commitment Termination)2.9, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Final Term Loan Maturity Date. Each Lender's Term Loan Lender’s CCTP Tranche Commitment and SPLNG Tranche Commitment shall terminate be reduced immediately and without further action on each date of the CCTP Funding Date and SPLNG Funding Date, respectively, in each case, after giving effect funding of such Lender's Term Loan Commitment by an amount equal to the funding in full of such Term Loan Lender’s Pro Rata Share of the requested Term Loan amount so funded on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (NTL Delaware Inc)

Loan Commitments. Subject to the terms and conditions hereof, (x) each Term Loan Lender severally agrees to make the CCTP Term Loan make, on the CCTP Funding Date and the SPLNG Third Restatement Date, Tranche B Term Loan on the SPLNG Funding Date Loans in Dollars to Borrower in an amount equal to such Lender’s Pro Rata Share of the requested CCTP Term Loan up to such Lender’s CCTP Tranche Commitment and such Lender’s Pro Rata Share of the requested SPLNG Term Loan up to such Lender’s SPLNG Tranche Commitment, respectively. Borrower may make only two borrowings under the B Term Loan Commitment and (y) the CCTP Additional Series X-0 Xxxxxxx X Term Loan and the SPLNG Term Loan)Lender agrees to make, which shall be on the CCTP Funding Date and Amendment No. 16 Effective Date, a Tranche B Term Loan in Dollars to Borrower in an amount equal to the SPLNG Funding DateAdditional Series X-0 Xxxxxxx X Term Commitment Amount. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12(a) (Voluntary Prepayments2.13(a) and 2.13 (Mandatory Prepayments; Commitment Termination)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 Final Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively. Each Lender’s Tranche B Term Loan Lender’s CCTP Tranche Commitment and SPLNG Tranche Commitment shall terminate immediately and without further action on the CCTP Funding Third Restatement Date and SPLNG Funding Date, respectively, in each case, after giving effect to the funding in full of such Lender’s Tranche B Term Loan Commitment on such date. The Additional Series X-0 Xxxxxxx X Term Loan Lender’s Pro Rata Share Additional Series X-0 Xxxxxxx X Term Commitment shall terminate immediately and without further action on the Amendment No. 16 Effective Date after giving effect to the funding of the requested such Lender’s Additional Series X-0 Xxxxxxx X Term Loan Commitment on such date.. (b) Borrowing Mechanics for Tranche B Term Loans on the Third Restatement Date. (i) Borrower shall deliver to Administrative Agent a fully executed Funding Notice for Tranche B Term Loans no later than three days prior to the Third Restatement Date. Promptly upon receipt by Administrative Agent of such Funding Notice, Administrative Agent shall notify each Lender of the proposed borrowings. - 57 -

Appears in 1 contract

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

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