Term A Loan Sample Clauses

Term A Loan. Subject to the terms and conditions set forth herein, each Term A Lender severally agrees to make a single term loan to the Borrower on the Effective Date in an amount not to exceed such Term A Lender’s Term A Commitment. The Borrowing shall consist of Term A Loans made simultaneously by the Term A Lenders in accordance with their respective Term A Commitments. Amounts borrowed under this Section 2.1(b) and repaid or prepaid may not be reborrowed.

Term A Loan. On the Closing Date, each Term A Lender severally agrees, on the terms and conditions set forth in this Agreement, to make a Term A Loan to the Borrower pursuant to such Term A Lender’s Term A Commitment, which Term A Loans: (i) can only be incurred on the Closing Date in the entire amount of each Term A Lender’s Term A Commitment; (ii) once prepaid or repaid, may not be reborrowed, (iii) may, except as set forth herein, at the option of the Borrower, be incurred and maintained as, or Converted into, Term A Loans that are Base Rate Loans or Eurodollar Loans, in each case denominated in Dollars, provided that all Term A Loans made as part of the same Term A Borrowing shall consist of Term A Loans of the same Type; (iv) shall be repaid in accordance with Section 2.13(b); and (v) shall not exceed (A) for any Term A Lender at the time of incurrence thereof the aggregate principal amount of such Term A Lender’s Term A Commitment, and (B) for all the Term A Lenders at the time of incurrence thereof the Total Term A Loan Commitment. The Term A Loans to be made by each Term A Lender will be made by such Term A Lender in the aggregate amount of its Term A Commitment in accordance with Section 2.07 hereof. The Term A Commitments shall automatically and permanently terminate immediately after the making of the Term A Loans.

Term A Loan. The obligations evidenced by the First Farmers Note shall be restructured (and reinstated) into a "Term A Loan" and a "Term B Loan" for which each Borrower shall be jointly and severally liable. As of the effective date hereunder, the principal amount of the Term A Loan shall be $10,184,134.66 (the "Term A Loan Amount") and shall be subject to the terms and conditions set forth herein and on the face of the notes attached as Exhibit A hereto.

Term A Loan. The Term A Loan, both for principal and interest not sooner paid, shall mature and be due and payable by the Borrower on the Term A Credit Termination Date.

Term A Loan. The Borrower shall repay the outstanding principal amount of the Term A Loan in equal quarterly installments of $8,437,500 on the last Business Day of each March, June, September and December, beginning with March 31, 2017 (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), with the outstanding principal balance of the Term A Loan due on the Term A Maturity Date, unless accelerated sooner pursuant to Section 9.02.

Term A Loan. The Borrower shall repay the outstanding principal amount of the Term A Loan in quarterly installments equal to 1.25% of the aggregate principal amount of such Term A Loans outstanding on the Closing Date, commencing on the last day of the first full fiscal quarter ending after the Closing Date and on each December 31, March 31, June 30 and September 30 thereafter with the remaining outstanding balance due and payable on the Maturity Date of the Term A Loan (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.06 and increases with respect to any increase to the Term B Loan pursuant to Section 2.16), unless accelerated sooner pursuant to Section 8.02.

Term A Loan. Subject to the terms and conditions set forth herein, each Term A Lender severally agrees to make a single loan (the “Term A Loan”) to the Borrower in Dollars on the Closing Date in an amount not to exceed the Applicable Percentage of such Term A Lender’s Term A Loan Commitment of the Term A Facility. The Term A Loan Borrowing shall consist of Term A Loans made simultaneously by the Term A Lenders in accordance with their respective Applicable Percentage of the Term A Facility. Amounts borrowed under this Section 2.01(c) and repaid or prepaid may not be reborrowed. Term A Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, provided, however, any Borrowings made on the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a funding indemnity letter not less than three (3) Business Days prior to the date of such Borrowing.

Term A Loan. Absent the occurrence of any Event of Default, the unpaid principal amount of the Term A Loan shall bear interest at the rate of nine percent (9%) per annum from and after the Closing Date, but such interest shall merely accrue and not be payable until the first anniversary of the Closing Day, at which point, such interest shall be due and owing and immediately payable in cash in full. Thereafter, absent the occurrence of any Event of Default, the unpaid principal of the Term A Loan shall continue to bear interest at eleven percent (11%) per annum, but such interest shall be paid in cash on a quarterly basis on the final Business Day of each March, June, September and December. All other terms and conditions found in the Term A Notes shall apply to the Term A Loan. In the case of any Event of Default hereunder, interest shall thereafter accrue on the unpaid principal amount of the Term A Loan at 13% per annum (the "A and Term B Loan Default Rate") and shall be immediately payable in full in cash.

Term A Loan. Absent acceleration pursuant to Section 8.2(a) hereof, principal repayments under the Term A Loan will be deferred until March 31, 2003. On such date and thereafter, and absent the occurrence of any such prior acceleration, the unpaid principal balance of the Term A Loan shall be payable in equal consecutive quarterly principal installments of not less than $222,500, which shall be due and payable on the last Business Day of each March, June, September and December. Absent prior acceleration pursuant to Section 8.2(a) hereof, final payment equal to all unpaid principal, interest and capitalized interest shall be due and payable on March 31, 2007.