Term A Loan Commitment Sample Clauses

Term A Loan Commitment. In a single Borrowing on any Business Day occurring on or prior to the Term A Loan Commitment Termination Date, each Lender that has a Term A Loan Commitment agrees that it will make loans (relative to such Lender, its "Term A Loans") to the Borrower equal to such Lender's Term A Percentage of the aggregate amount of the Borrowing of Term A Loans requested by the Borrower to be made on such day. No amounts paid or prepaid with respect to Term A Loans may be reborrowed.
AutoNDA by SimpleDocs
Term A Loan Commitment. The Lenders have made term loans (the “Outstanding Term Loans”) available to the Borrowers under the Original Credit Agreement. As of the Initial Closing Date, the outstanding principal balance of the Outstanding Term Loans is $204,851,469.41. Each Lender has agreed to cause such Outstanding Term Loans due each Lender to convert into a portion of the term loans hereunder. In addition each Lender has agreed to make new term loans to the Borrowers (the Outstanding Term Loans and such new term loans, collectively, “Term A Loans”). The aggregate amount of the Term A Loans is equal to the Term A Loan Commitment. Any amounts borrowed by the Borrowers constituting Term A Loans may be repaid pursuant to the terms hereof, but not then reborrowed.
Term A Loan Commitment. The Borrower and the Lenders acknowledge the making of the Existing Term A Loan and the Existing Term B Loan and each Lender that has a Term A Commitment, severally and for itself alone, hereby agrees, on the terms and subject to the conditions hereinafter set forth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, that such Existing Term A Loan shall continue to be outstanding as loans pursuant to the terms and conditions of this Agreement (each such loan, an "Original Term A Loan") and that an aggregate principal amount of Existing Term B Loan shall be converted to Term A Loans and shall continue to be outstanding as Term A Loans (each 35 69 such loan, a "Converted Term A Loan", and together with the Original Term A Loans, "Term A Loans") pursuant to the terms and conditions of this Agreement, such that, on the Effective Date, the aggregate principal amount of Original Term A Loans and Converted Term A Loans (the "Effective Date Term A Amount") shall equal $60,000,000 and each Lender that has a Term A Loan Commitment shall be deemed to have outstanding Term A Loans in an aggregate principal amount equal to its Term A Percentage of such Effective Date Term A Amount. No amounts paid or prepaid with respect to Term A Loans may be reborrowed.
Term A Loan Commitment. Upon the satisfaction of each of the conditions set forth in Section 5.1, all "Loans" owing to the Lenders on the Closing Date under and as defined in the Original Credit Agreement and designated to be converted into or continued as Term A Loans hereunder pursuant to the Master Assignment Agreement, shall thereupon constitute Term A Loans subject to the terms of this Agreement (each such Lender's Term A Percentage thereof, if any, being its "Term A Loans"). No amounts paid or prepaid with respect to Term A Loans may be reborrowed.
Term A Loan Commitment. On the terms and subject to the conditions hereof, in a single Borrowing (which shall be a Business Day) occurring on or prior to the Term A Loan Commitment Termination Date, each Three Year Loan Lender agrees that it will make loans (relative to such Lender, its "Term A Loans") to the Borrower equal to such Lender's Three Year RL Percentage of the aggregate amount of the Borrowing of Term A Loans requested by the Borrower to be made on such day; provided, that, no Default or Event of Default shall have occurred and be continuing on the date the Term A Loans are requested by the Borrower. No amounts paid or prepaid with respect to Term A Loans may be reborrowed.
Term A Loan Commitment. Upon the satisfaction of each of the conditions set forth in Section 5.1, all ‘Loans’ owing to the Lenders on the Closing Date under and as defined in the Original Credit Agreement and designated to be converted into or continued as Term A Loans hereunder pursuant to the Master Assignment Agreement, shall thereupon constitute Term A Loans subject to the terms of this Agreement (each such Lender’s Term A Percentage thereof, if any, together with any Loans made by such Lender in connection with the Borrower’s exercise of a Term A Loan Commitment increase pursuant to the terms of Section 2.8, if any, being its ‘Term A Loans’). No amounts paid or prepaid with respect to Term A Loans may be reborrowed.”
Term A Loan Commitment. Each Lender with a Term A Loan Commitment agrees to make a loan to Borrower (each such loan, a “Term A Loan”) on the Closing Date in such Lender’s Pro Rata Share of the aggregate amount of the Term A Loan Commitments of all Lenders. The Commitments of the Lenders to make Term A Loans shall expire concurrently with the making of the Term A Loans on the Closing Date. Amounts repaid or prepaid with respect to Term A Loans may not be re-borrowed.
AutoNDA by SimpleDocs
Term A Loan Commitment. From time to time on any Business Day occurring from and after the date on which the proceeds of all Term B Loans and Term C Loans have been disbursed from the Bank Proceeds Account but prior to the Term A Loan Commitment Termination Date, each Lender that has a Term A Loan Commitment will make a loan (relative to such Lender, its "Term A Loan") to the Borrower equal to such Lender's Percentage of the aggregate amount of each Borrowing of the Term A Loans requested by the Borrower to be made on such day; provided, however, that each Lender may make Term A Loans prior to the date on which the proceeds of the Term B Loans and Term C Loans have been disbursed from the Bank Proceeds Account so long as the proceeds of such Loans are used to reimburse the Issuer for, or fund the drawings of, Letters of Credit. The Commitment of each such Lender described in this Section 2.1.1 is herein referred to as its "Term A Loan Commitment". On the terms and subject to the conditions hereof, the Borrower may from time to time borrow and prepay the Term A Loans but no amount paid or prepaid with respect to the Term A Loans may be reborrowed.
Term A Loan Commitment. The Borrower and the Lenders acknowledge the making of the Existing Term A Loan and the Existing Term B Loan and each Lender that has a Term A Commitment, severally and for itself alone, hereby agrees, on the terms and subject to the conditions hereinafter set forth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, that such Existing Term A Loan shall continue to be outstanding as loans pursuant to the terms and conditions of this Agreement (each such loan, an "Original Term A Loan") and that an aggregate principal amount of Existing Term B Loan shall be converted to Term A Loans and shall continue to be outstanding as Term A Loans (each such loan, a "Converted Term A Loan", and together with the Original Term A Loans, "Term A Loans") pursuant to the terms and conditions of this Agreement, such that, on the Effective Date, the aggregate principal amount of Original Term A Loans and Converted Term A Loans (the "Effective Date Term A Amount") shall equal [$60,000,000] and each Lender that has a Term A Loan Commitment shall be deemed to have outstanding Term A Loans in an aggregate principal amount equal to its Term A Percentage of such Effective Date Term A Amount. No amounts paid or prepaid with respect to Term A Loans may be reborrowed.
Term A Loan Commitment. Subject to the terms and conditions set forth herein, each Term A Lender hereby severally agrees to make a term A loan (each a “Term A Loan”) on the Closing Date in the principal amount set forth opposite each such Term A Lender’s name on Schedule 1.01(D) hereto to the Borrower, in accordance with this Section 2.01. The aggregate principal amount of the Term A Loans to be advanced shall not exceed $25,000,000.
Time is Money Join Law Insider Premium to draft better contracts faster.