Common use of Term A Loan Commitments Clause in Contracts

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.

Appears in 1 contract

Sources: Credit Agreement (Paxson Communications Corp)

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 TERM A LoanLOAN") 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; providedPROVIDED, howeverHOWEVER, 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.

Appears in 1 contract

Sources: Credit Agreement (Paxson Communications Corp)