Common use of Making of Term Loans Clause in Contracts

Making of Term Loans. Subject to the terms and conditions hereof, on the Agreement Date, each Term Loan Lender severally and not jointly agrees to make a Term Loan to the Borrower in the principal amount equal to the amount of such Lender’s Term Loan Commitment. Upon a Lender’s funding of its Term Loan, such Lender’s Term Loan Commitment shall terminate.

Appears in 2 contracts

Samples: Credit Agreement (Rouse Properties, Inc.), Credit Agreement (Rouse Properties, Inc.)

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Making of Term Loans. Subject to the terms and conditions hereof, on the Agreement Effective Date, each Term Loan Lender severally and not jointly agrees to make a Term Loan Loans to the Borrower in the aggregate principal amount equal to the amount of such Lender’s Term Loan Commitment. Upon a Lender’s funding of its the Term LoanLoans, such Lender’s the Term Loan Commitment Commitments shall terminate.. (b)

Appears in 1 contract

Samples: Credit Agreement (Equity Lifestyle Properties Inc)

Making of Term Loans. Subject to the terms and conditions hereof, on the Agreement Effective Date, each Term Loan Lender severally and not jointly agrees to make a Term Loan in Dollars to the Borrower in the an aggregate principal amount equal to the amount of such LenderLxxxxx’s Term Loan Commitment. Upon a Lender’s funding of its Term Loan, such Lender’s the Term Loan Commitment of such Lender shall terminate.

Appears in 1 contract

Samples: Credit Agreement (Office Properties Income Trust)

Making of Term Loans. Subject to the terms and conditions hereof, on the Agreement Effective Date, each Term Loan Lender severally and not jointly agrees to make a Term Loan in Dollars to the Borrower in the an aggregate principal amount equal to the amount of such Lender’s Term Loan Commitment. Upon a Lender’s funding of its Term Loan, such Lender’s the Term Loan Commitment of such Lender shall terminate.

Appears in 1 contract

Samples: Franchise Agreement (Hospitality Properties Trust)

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Making of Term Loans. Subject to the terms and conditions hereof, on the Agreement Effective Date, each Term Loan Lender severally and not jointly agrees to make a Term Loan denominated in Dollars to the Borrower in the aggregate principal amount equal to the amount of such Lender’s Term Loan Commitment. Upon a Lender’s funding of its Term Loan, such Lender’s the Term Loan Commitment of such Lender shall terminate.

Appears in 1 contract

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust)

Making of Term Loans. Subject to the terms and conditions hereof, on the Agreement Effective Date, each Term Loan Lender severally and not jointly agrees to make a Term Loan Loans to the Borrower in the aggregate principal amount equal to the amount of such LenderXxxxxx’s Term Loan Commitment. Upon a Lender’s funding of its the Term LoanLoans, such Lender’s the Term Loan Commitment Commitments shall terminate.. - 42 - LEGAL02\42427047.v4

Appears in 1 contract

Samples: Credit Agreement (Equity Lifestyle Properties Inc)

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