Term Loan A Commitment. As to each Term Loan A Lender, the amount equal to such Term Loan A Lender’s Term Loan A Commitment Percentage of the aggregate principal amount of the Term Loans A from time to time Outstanding to the Borrower.
Term Loan A Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a single term loan (the “Term Loan A”) to the Borrower in Dollars in one advance on the Closing Date in a principal amount equal to the Term Loan A Commitment of such Lender. The Term Loan A may be, from time to time, Base Rate Loans or SOFR Loans or a combination thereof; provided, that on the Closing Date the Term Loan A shall be Base Rate Loans unless the Administrative Agent shall have received a funding indemnity letter in form and substance reasonably satisfactory to the Administrative Agent. 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 Loan A on the Closing Date. Amounts repaid on the Term Loan A may not be reborrowed.
Term Loan A Commitment. Each Lender agrees to make term loans to the Borrowers (each such loan, a "Term Loan A"), on the terms and conditions herein set forth, in amounts and on the additional terms and conditions set forth below:
Term Loan A Commitment. Immediately prior to the Effective Date, the aggregate outstanding principal amount of the Term Loan A under the Existing Credit Agreement was Two-Hundred Forty Million Six-Hundred Twenty-Five Thousand Dollars ($240,625,000) (the “Existing Term Loans”). Subject to the terms and conditions set forth herein, (i) the Existing Term Loans shall each be deemed to be a portion of the Term Loan A hereunder, and (ii) each Lender severally agrees to make an advance under the Term Loan A to the Borrower on the Effective Date in a principal amount equal to its Pro Rata Share of an additional Ninety-Four Million Three-Hundred Seventy-Five Thousand Dollars ($94,375,000) being advanced on the Effective Date (for an aggregate principal amount of the Term Loan A on the Effective Date of Three-Hundred Thirty-Five Million Dollars ($335,000,000)), of which: (a) an aggregate amount of up to the Effective Date Special Dividend Cap Amount will be used to finance the Effective Date Special Dividend; and (b) the remainder of which will be used to (i) refinance all Revolving Loans (as defined in the Existing Credit Agreement) under the Existing Credit Agreement that are outstanding immediately prior to the Effective Date, and (ii) finance payment of fees and expenses in connection with the credit facilities extended under this Agreement and payment of the Effective Date Special Dividend. The Term Loan A may be, from time to time, Base Rate Loans, LIBOR Index Rate Loans or Eurodollar Loans, or a combination thereof; provided, that, on the Effective Date, any newly advanced portion of the Term Loan A shall be Base Rate Loans or LIBOR Index Rate Loans, unless the Administrative Agent shall have received a funding indemnity letter in form and substance reasonably satisfactory to the Administrative Agent. 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 that portion of the Term Loan A being advanced on the Effective Date. Amounts repaid on the Term Loan A may not be reborrowed.
Term Loan A Commitment. Immediately prior to the First Amendment Effective Date, the aggregate outstanding principal amount of the Term Loan A was $87,500,000. Subject to the terms and conditions set forth in this Agreement, on the First Amendment Effective Date, each Lender providing a portion of the Additional Term Loan A Advance severally agrees to make an advance in the amount of its Pro Rata Share of the $137,500,000 being advanced to the Borrower on the First Amendment Effective Date in an amount not to exceed its commitment with respect thereto as set forth on Schedule 1.1(b) (and, to the extent necessary such that the portion of such extended Term Loans held by such Lender equals such Lender’s Term Loan A Commitment, make additional advances and/or permit the reallocation of its Term Loans among the other Lenders holding Term Loan A Commitments (such term loan after giving effect to the Additional Term Loan A Advance and any new Term Loans advanced pursuant to this Section 2.5, collectively, the “Term Loan A”). The Term Loan A may be, from time to time, a Base Rate Loan or a Eurodollar Loan or a combination thereof.
Term Loan A Commitment. There is outstanding from Lender to Borrowers a term loan in the current principal amount of $4,558,472.28. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of Borrower set forth herein and in the other Loan Documents, Lender agrees to increase the term loan by the amount of $6,691,527.72 on the Closing Date such that the outstanding principal amount of the term loan (as increased, “Term Loan A”) as of such date is equal to the Term Loan A Commitment. Such increase shall be available to Borrowers in a single principal advance and shall be used by Borrowers to refinance existing Subordinated Debt of Borrowers, to support current and future working capital needs of Borrowers and to pay fees and expenses incurred in connection with closing the transactions under this Agreement. Notwithstanding anything to the contrary contained herein, no portion of Term Loan A shall be used by Borrowers to repay or prepay Term Loan B. Term Loan A shall be deemed to continue to be outstanding under this Agreement and shall be subject to all of the terms and conditions stated in this Agreement. The Term Loan A may be prepaid in whole or in part at any time subject to Sections 2.2(d) and (e), but shall be due in full on the Term Loan A Maturity Date, unless the credit extended under Term Loan A is otherwise accelerated, terminated or extended as provided in this Agreement.
Term Loan A Commitment. The Lenders who issued a Term Loan A Commitment, agree , severally, in accordance with their respective Commitment Ratios, and not jointly, upon the terms and subject to the conditions of this Agreement, to lend to the Borrower in multiple installments prior to the Term Loan A Draw Termination Date an amount not to exceed the Term Loan A Commitment. Subject to the terms and conditions hereof, Advances under the Term Loan A Commitment may be repaid and reborrowed to effect a change in the Interest Rate Basis or Interest Periods relating thereto; provided, however, that the Borrower may only request Advances under the Term Loan A Commitment after the Term Loan B Commitment has been drawn in full; and provided further, however, that there shall be no increase in the principal amount outstanding under the Term Loan A Commitment after the Term Loan A Draw Termination Date.
Term Loan A Commitment. In relation to any Bank, the maximum ---------------------- liability of such Bank, as set forth on Schedule 1, to participate in making ---------- Term Loan A to the Borrower upon the terms and subject to the conditions contained in this Agreement. Schedule 1 shall be updated by the Administrative ---------- Agent from time to time to reflect any changes in the Term Loan A Commitments as a result of assignments permitted by Sections 9.10.
Term Loan A Commitment. Name and Address Term Loan A Loans prior to the First Amendment Effective Date First Amendment Incremental Term Commitment Term Loan A Commitment Percentage KeyBank National Association 0000 Xxxxxxxxx Xxxx NE Suite 1550 Atlanta, GA 30328 $53,736,000.00 $58,750,000.00 19.562782608696% PNC Bank, National Association Xxx Xxxxx Xxxxxxxx Xxxxxx Xxxxx 0000 Xxxxxxx, XX 00000 $53,736,000.00 $58,750,000.00 19.562782608696% Name and Address Term Loan A Loans prior to the First Amendment Effective Date First Amendment Incremental Term Commitment Term Loan A Commitment Percentage Bank of America, N.A. 000 X. XxXxxxx Street Chicago, IL 60603-4157 $53,736,000.00 $58,750,000.00 19.562782608696% Fifth Third Bank, National Association 000 Xxxxx Xxxxxxxxx, 00xx Xxxxx Xxxxxxx, XX 00000 $47,414,000.00 $58,750,000.00 18.463304347826% Associated Bank, National Association 000 X. Xxxxxx, 24th Floor Chicago, IL 60661 $22,126,000.00 $0.00 3.848000000000% Name and Address Term Loan A Loans prior to the First Amendment Effective Date First Amendment Incremental Term Commitment Term Loan A Commitment Percentage Barclays Bank PLC 000 0xx Xxxxxx, 0xx Xxxxx Xxx Xxxx, XX 00000 $0.00 $0.00 0% First Horizon Bank 000 Xxxxxx Xx. Xxxxxxxxxxx, XX 00000 $22,126,000.00 $15,000,000.00 6.456695652174% Pinnacle Bank, a Tennessee Bank 000 Xxxxx Xxxxxx, 0xx Xxxxx Xxxxxxxxxxx, XX 00000 $22,126,000.00 $0.00 3.848000000000% Texas Capital Bank $0.00 $50,000,000.00 8.695652173913% TERM LOAN B COMMITMENT Name and Address Term Loan B Commitment Term Loan B Commitment Percentage None $0.00 0.0000000000%
Term Loan A Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of Borrower set forth herein and in the other Loan Documents, the Bank agrees to make a Term Loan A equal to the Term Loan A Commitment. The undrawn balance of the Term Loan A Commitment shall be available to Borrower in a single principal advance on such date as the conditions set forth in Section 3 shall have been satisfied. Term Loan A shall be used by Borrower to refinance existing senior indebtedness and to fund a portion of the transaction costs associated with the transactions contemplated by the terms of the Merger Agreement. Term Loan A may be prepaid in whole or in part at any time without penalty, but shall be due in full on the Maturity Date, unless the credit extended under the Term Loan A is otherwise accelerated, terminated or extended as provided in this Agreement.
