Term A Loan Commitments. Subject to the terms and conditions set forth herein, each Initial Term A Lender severally agrees to make Initial Term A Loans to the Borrower on the Closing Date in an amount not to exceed such Term Lender’s Initial Term A Loan Commitment. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.
Term A Loan Commitments. Subject to the terms and conditions set forth herein, each Lender severally agrees to make a single loan (each, a “Term A Loan”) to the Borrower on the Closing Date in a principal amount not to exceed the Term A Loan Commitment of such Lender; provided, that if for any reason the full amount of such Lender’s Term A Loan Commitment is not fully drawn on the Closing Date, the undrawn portion thereof shall automatically be cancelled. The Term A Loans may be, from time to time, Base Rate Loans or Eurodollar Loans or a combination thereof; provided, that on the Closing Date all Term A Loans shall be Base Rate Loans. The execution and delivery of this Agreement by the Borrower and the satisfaction of all conditions precedent pursuant to Section 3.1 shall be deemed to constitute the Borrower’s request to borrow the Term A Loans on the Closing Date.
Term A Loan Commitments. On the terms and subject to the conditions contained in this Agreement, each Term A Loan Lender severally agrees to make loans (each a "Term A Loan") to the Borrower from time to time on any Business Day during the period from the date hereof until the Term A Loan Commitment Termination Date in an aggregate amount not to exceed at any time outstanding for all such loans by such Lender such Lender's Term A Loan Commitment; provided, however, that at no time shall any Lender be obligated to make a Term A Loan in excess of such Lender's Ratable Portion of the Term A Loan Commitments outstanding at such time. Amounts of Term A Loans repaid and prepaid may not be reborrowed. Term A Loans outstanding as of the Effective Date shall constitute Term A Loans under this Agreement.
Term A Loan Commitments. Subject to the terms and conditions set forth herein, each Initial Term A Lender severally agrees to make Initial Term A Loans to the Borrower on the Closing Date in an amount not to exceed such Term Lender’s Initial Term A Loan Commitment. Following the making or continuation thereof, as applicable, on the Second Amendment Effective Date, the Extended 2023 Term Loans shall constitute Initial Term A Loans and Term A Loans, as applicable, in all respects. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.
Term A Loan Commitments. Subject to the terms and conditions set forth herein, each Lender severally agrees to make a Term A Loan to the Borrowers on the Closing Date, in an amount not to exceed such Lender's Term A Loan Commitment. The advance of the Term A Loan shall be made simultaneously by the Lenders in accordance with their respective Applicable Percentages of the Term A Loan Facility. Amounts borrowed under this Section 2.01(c) and repaid or prepaid may not be reborrowed.
Term A Loan Commitments. Subject to the terms and conditions hereof, each Lender (each a “Term A Lender”), severally, but not jointly, agrees to refinance and convert on the Closing Date (as defined below) all obligations outstanding under its existing term loan to Borrower evidenced by (1) those certain two promissory notes, each in the original principal amount of $2,500,000 and dated as of December 30, 2005, made by Borrower in favor of each of GECC and Oxford Finance Corporation (“Oxford”) and (2) that certain Master Security Agreement, dated as of December 30, 2005, by and among Borrower, GECC and Oxford (the “Existing Security Agreement,” and collectively, with such promissory notes, the “Existing Term A Loan Documents”) into a new term loan in an aggregate principal amount equal to $1,542,068.72 (the “Term A Loan”), in accordance with such Term A Lender’s commitments as identified on Schedule A hereto (such commitment of each Term A Lender to refinance its portion of the Term A Loan as it may be amended to reflect assignments made in accordance with this Agreement or terminated or reduced in accordance with this Agreement, its “Term A Loan Commitment”). Each Term A Lender’s obligation with respect to the Term A Loan shall be limited to such Term A Lender’s Pro Rata Share (as defined below) of such Term A Loan.
Term A Loan Commitments. On the terms and subject to the conditions contained in this Agreement, each Term A Loan Lender severally agrees to make a loan (each a “Term A Loan”) to the Borrowers (which, for the avoidance of doubt, shall not include Memec France) on any Business Day during the Term A Loan Commitment Period, in an aggregate amount not to exceed such Term A Loan Lender’s Term A Loan Commitment. Amounts of Term A Loans prepaid may not be reborrowed.
Term A Loan Commitments. Each Term A Lender agrees to make a loan to the Company (each such loan, a "Term A Loan") on the Effective Date in such Term A Lender's Term A Loan Percentage of $55,000,000. The Term A Loan Commitments shall expire concurrently with the making of the Term A Loans on the Effective Date.
Term A Loan Commitments. Each Lender agrees to make a loan to Borrowers (all of such loans, collectively the “Term A Loan”) on the Closing Date in such Lender’s applicable Pro Rata Term A Share of the Term A Loan Commitment. The Commitments of Lenders to make the Term A Loan shall terminate concurrently with the making of the Term A Loan on the Closing Date. Any portion of the Term A Loan which is repaid or prepaid by Borrowers, in whole or in part, may not be reborrowed.
Term A Loan Commitments. Section 2A.1 of the Credit Agreement is hereby amended by deleting the first sentence thereof and substituting in lieu thereof the following new sentence: "So long as no Event of Default shall be in existence, the Company and any one or more Lenders or additional banks, financial institutions or other entities which become Lenders pursuant to this subsection 2A.1 (individually, a "Term A Loan Lender" and collectively, the "Term A Loan Lenders"), may agree that each such Term A Loan Lender shall make a term loan in Dollars (each, a "Term A Loan" and collectively, the "Term A Loans") to the Company, which Term A Loans may from time to time be (a) Eurodollar Loans, (b) Alternate Base Rate Loans or (c) a combination thereof, as determined by the Company and notified to the Administrative Agent in accordance with this subsection 2A.1 and subsection 7.8, by executing and delivering to the Administrative Agent a Term A Loan Activation Notice specifying (i) the amount of such Term A Loan, (ii) the date on which such Term A Loan shall be made (the "Term A Loan Borrowing Date"), (iii) whether the Term A Loans to be borrowed are initially to be Alternate Base Rate Loans or Eurodollar Loans or a combination thereof and, if a combination, the respective aggregate amount of each type of borrowing and (iv) if the Term A Loans to be borrowed are Eurodollar Loans, the length of the Interest Period or Interest Periods applicable thereto."
