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.
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Sources: Credit Agreement (Aviv REIT, Inc.), Credit Agreement (Aviv REIT, Inc.)