Term Loan Amount and Terms Clause Samples

Term Loan Amount and Terms. (a) Subject to the terms and conditions set forth in this Agreement, on the Closing Date, each Lender shall, pro rata according to that Lender’s Pro Rata Share of the Commitment, make loans (individually, a “Loan” and collectively, the “Loans”) to the Administrative Borrower, for the benefit of all of the Borrowers, under the Commitment in Dollars or in one or more Offshore Currencies, as the Administrative Borrower may request in its Request for Extension of Credit, in the full amount of such Lender’s Pro Rata Share of the Commitment, such that the aggregate principal amount of all such Loans made by the Lenders on the Closing Date (whether denominated in Dollars or Offshore Currencies) shall equal the Commitment. (b) Amounts repaid under the Commitment may not be reborrowed. (c) If the Administrative Borrower requests a Borrowing on the Closing Date denominated in Dollars pursuant to its Request for Extension of Credit, the Administrative Agent, promptly following its receipt of such Request for Extension of Credit, shall notify each Lender of its Pro Rata Share thereof, and each Lender shall make the funds for its Loan available in Dollars to the Administrative Agent at the Administrative Agent’s office not later than 12:00 noon, California time, on the Closing Date. (d) If the Administrative Borrower requests a Borrowing on the Closing Date denominated in one or more Offshore Currencies pursuant to its Request for Extension of Credit, the Administrative Agent, promptly following its receipt of such Request for Extension of Credit, shall notify each Lender of the aggregate amount of such Extension of Credit in such Offshore Currency, the aggregate Dollar Equivalent of such Extension of Credit and the applicable Spot Rate used by the Administrative Agent to determine such Dollar Equivalent. Each Lender shall, subject to the next paragraph, make the funds for its Loan available in the currency of such Loan to the Administrative Agent at the Administrative Agent’s Office not later than 12:00 noon, California time, on the Closing Date. If any Lender (a “Nonfunding Lender”) determines that it is unable, in its sole discretion and for any reason, to fund an Offshore Currency Loan in a requested Offshore Currency to the Administrative Borrower on the Closing Date, it shall notify the Administrative Agent (who shall notify the Administrative Borrower and the other Lenders) prior to the time specified by the Administrative Agent for setting the rate for such Off...

Term Loan Amount and Terms. There is no Facility No. 2; accordingly, provisions of this Agreement relating to the Facility No. 2 Commitment shall be disregarded as to such term.

Term Loan Amount and Terms. 2.1 THE TERM LOAN. The Bank agrees to make a term loan (the "Term Loan") to the Borrower, in a single disbursement, to be made on or before February 28, 1999, in an amount not exceeding Three Million and no/100 Dollars ($3,000,000.00), as requested by the Borrower (the actual amount of such disbursement is referred to herein as the "Disbursement Amount"). The proceeds of the Term Loan shall be used by the Borrower solely for the purchase of computer equipment, software, and associated consulting fees, or to finance equipment already purchased by the Borrower, or to reimburse the Borrower for the cost of the Borrower's prior purchase of computer equipment, software, and associated consulting fees.

Term Loan Amount and Terms