Term C Loans. Subject to the terms and conditions hereof and in the Fourth Amendment, each Term C Dollar Lender agrees to make a loan in Dollars (the “Term C Dollar Loans”) to the Borrower on the Fourth Amendment Effective Date in the aggregate principal amount of such Lender’s Term C Dollar Commitment. No amount of a Term C Dollar Loan which is repaid or prepaid by the Borrower may be reborrowed hereunder. The Term C Dollar Loans shall be denominated in Dollars, shall be maintained as and/or converted into Base Rate Loans or Eurocurrency Loans or a combination thereof, provided, that all Term C Dollar Loans made by the Term C Dollar Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Term C Dollar Loans of the same Type.
Term C Loans. (i) Each Term C Lender, 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, to make a loan (each such loan, a "Term C Loan" and collectively, the "Term C Loans") to the Borrower on the Fourth Amendment Effective Date in an aggregate principal amount equal to the Term C Commitment of such Term C Lender (the Term C Lenders making loans on the Fourth Amendment Effective Date shall be collectively referred to herein as the "Initial Term C Lenders"). The Term C Loans (1) shall be incurred by the Borrower pursuant to a single drawing, which shall be on the Fourth Amendment Effective Date (and the Borrower is hereby deemed to have requested the Term C Loans be advanced on the Fourth Amendment Effective Date and the Term C Lenders hereby waive the delivery of a written Notice of Borrowing from the Borrower in connection with the initial funding of Term C Loans on the Fourth Amendment Effective Date), (2) shall be denominated in Dollars, (3) shall be made as Base Rate Loans and, except as hereinafter provided, may, at the option of the Borrower, be maintained as and/or converted into Base Rate Loans or Eurocurrency Loans, provided, that all Term C Loans made by the Term C Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Term C Loans of the same Type and (4) shall not exceed for any Lender at the time of incurrence thereof, such Term C Lender's Term C Commitment. Each Term C Lender's Term C Commitment shall expire immediately and without further action on the Fourth Amendment Effective Date if the Term C Loans are not made on such date. No amount of a Term C Loan which is repaid or prepaid by the Borrower may be reborrowed hereunder. Notwithstanding anything to the contrary herein, the Borrower may elect only Base Rate Loans or Eurocurrency Loans with a one month Interest Period until the earlier of (x) ninety (90) days after the Fourth Amendment Effective Date or (y) the date upon which the Administrative Agent determines (and notifies the Borrower) that the primary syndication (and the resultant addition of Persons as Lenders pursuant to Section 12.8) has been completed.
Term C Loans. (a) The Fronting Term C Lender shall make available a new term loan facility to the Borrower on the Amendment Effective Date in the aggregate amount equal to $425,000,000, which shall constitute the making available of the Term C Loans for the purposes of Section 2.01(a) of the Restated Credit Agreement.
Term C Loans. As of the Closing Date, Bank has made term loans to Borrowers in an aggregate amount equal to Five Million Dollars ($5,000,000) (the “Original Agreement 6 Term C Loan”). Subject to the terms and conditions of this Agreement, from the Closing Date through March 31, 2021, Bank may, in its sole and absolute discretion, make term loans to Borrowers in an aggregate amount not to exceed Five Million Dollars ($5,000,000) (each term loan a “Term C Loan” and collectively with the Original Agreement Term C Loan, the “Term C Loans”; the Term A Loan, each Term B Loan, and each Term C Loan is hereinafter referred to singly as a “Term Loan” and the Term A Loan, the Term B Loans, and the Term C Loans are hereinafter referred to collectively as the “Term Loans”). Each Term C Loan shall be equal to or less than eighty-five percent (85%) of the invoice value of the Eligible Equipment, which any Borrower shall have purchased within one hundred eighty (180) days of the date of the corresponding Term C Loan and as determined by Bank. After repayment, no Term C Loan may be reborrowed.
Term C Loans. Each Lender severally made a Term C Loan to the Borrowers prior to the date hereof. The amount of Term C Loans outstanding as of the date hereof is set forth on Schedule 1.1B hereto, such amount comprises the outstanding principal amount of Term C Loans and the PIK Interest paid through the date hereof.
Term C Loans. Subject to the terms and conditions hereof, each Term C Lender severally agrees to make a term loan in Dollars to the Borrower on the Second Amendment Effective Date in a principal amount not to exceed such Term C Lender’s Term C Commitment. Amounts repaid in respect of Term C Loans may not be reborrowed. Term C Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
Term C Loans. In addition to the conditions set forth in Section 5.2, on the Term C Loan Draw Date, the Administrative Agent shall have received, for the account of each Term C Loan Lender, such Lender’s Term C Note.
Term C Loans. Each Term C Loan Lender, 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, to make a loan (each such loan, a “Term C Loan” and collectively, the “Term C Loans”) to European Holdco on the Initial Borrowing Date in an aggregate principal amount equal to the Term C Commitment of such Term C Lender. The Term C Loans (i) shall be incurred by European Holdco pursuant to a single drawing, which shall be on the Initial Borrowing Date, (ii) shall be denominated in Euro and (iii) shall be made as Eurocurrency Loans with an initial Interest Period of one month and shall be maintained as Eurocurrency Loans. Each Term C Lender’s Term C Commitment shall expire immediately and without further action on the Initial Borrowing Date if the Term C Loans are not made on the Initial Borrowing Date. No amount of a Term C Loan that is repaid or prepaid by European Holdco may be reborrowed hereunder.
Term C Loans. (a) Subject to the terms and conditions hereof, each Lender with a Term B Loan (other than a Reduced Lender) who executes and delivers a counterpart of this Amendment and Restatement severally agrees to exchange its Term B Loans for a like outstanding principal amount of Term C Loans on the Effective Date, which exchange shall be deemed to be the making of a Term C Loan by such Lender for such amount.
Term C Loans. (a) On the First Amendment Date, each Initial Term-C Lender shall make a Term-C Loan to the Company in a principal amount equal to the amount of such Initial Term-C Lender's Term-C Commitment by delivering to the Administrative Agent on such date same day funds in Dollars in such amount. To the extent such funds are received from the Initial Term-C Lenders, the Administrative Agent shall make such funds available to the Company by wire transfer to the account the Company shall have specified to the Administrative Agent in writing.
