Loans and Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees (i) to continue a term loan to the Borrower in an aggregate principal amount set forth in Schedule 1.1A (the "CONTINUED LOANS") and (ii) to make a term loan to the Borrower (together with the Continued Loans, the "LOANS") on the Closing Date in a principal amount equal to the amount of such Lender's Commitment.
Appears in 2 contracts
Sources: Credit Agreement (Paxson Communications Corp), Credit Agreement (Paxson Communications Corp)