Common use of Term Commitment Clause in Contracts

Term Commitment. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein each Lender severally agrees to make available to the Borrower on the Effective Date such Lender's Commitment Percentage of a term loan in Dollars (the "Term Loan") in the aggregate principal amount of SEVENTY-FIVE MILLION DOLLARS ($75,000,000) (the "Term Loan Committed Amount"). The Term Loan may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request; provided, however, that no more than 10 Eurodollar Loans shall be outstanding hereunder at any time (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period). Amounts repaid on the Term Loan may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Vestar Sheridan Inc)

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Term Commitment. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein each Lender severally agrees to make available to the Borrower on the Effective Closing Date such Lender's Term Loan Commitment Percentage of a term loan in Dollars (the "Term Loan") in the aggregate principal amount of SEVENTY-FIVE ONE HUNDRED MILLION DOLLARS ($75,000,000100,000,000) (the "Term Loan Committed Amount"). The Term Loan may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request; provided, however, that no more than 10 ten (10) Eurodollar Loans shall be outstanding hereunder at any time of which no more than three (3) of such Eurodollar Loans shall be Term Loans (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period). Amounts repaid on the Term Loan may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (M & M Properties Inc)

Term Commitment. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein each Lender severally agrees to make available to the Borrower on the Effective Closing Date such Lender's Commitment Term Loan Percentage of a term loan in Dollars (the "Term Loan"; each component thereof may be referred to herein as a "Term Loan") in the aggregate principal amount of SEVENTY-FIVE SIXTY MILLION DOLLARS ($75,000,00060,000,000.00) (the "Term Loan Committed Amount"). The Term Loan may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request; provided, however, that no more than 10 6 Eurodollar Loans which are Term Loans shall be outstanding hereunder at any time (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period). Amounts repaid on the Term Loan may not be reborrowed.

Appears in 1 contract

Samples: Loan Agreement (Aaipharma Inc)

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Term Commitment. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein herein, each Lender severally agrees to make available to the Borrower on the Effective Closing Date such Lender's Commitment ’s Term Loan Percentage of a term loan in Dollars (the "Term Loan") in the aggregate principal amount of SEVENTYTHIRTY-FIVE MILLION DOLLARS ($75,000,00035,000,000) (the "Term Loan Committed Amount"). The Term Loan may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request; provided, however, that no more than 10 five (5) Eurodollar Loans which are Term Loans shall be outstanding hereunder at any time (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period). Amounts repaid on the Term Loan may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Healthtronics Surgical Services Inc)

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