Term Loan B Commitments. Subject to and upon the terms of this Agreement, each Lender severally agrees to make a loan (each a "Term Loan B"; and collectively, the "Term Loans B") to the Borrower in the principal amount set forth below opposite such Lender's name (herein called such Lender's "Term Loan B Committed Amount"). The total of each Lender's Term Loan B Committed Amount is herein called the "Total Term Loan B Committed Amount". The proportionate share set forth below opposite each Lender's name is herein called such Lender's "Term Loan B Pro Rata Share": Term Loan B Term Loan B LENDER COMMITTED AMOUNT PRO RATA SHARE Fleet $ 6,896,000 22.99% GE Capital $11,552,000 38.51% NationsBank $11,552,000 38.51% TOTAL LOAN B COMMITTED AMOUNT: $30,000,000 100% The obligation of each Lender to make a Term Loan B is several and is limited to its Term Loan B Committed Amount, and such obligation of each Lender is herein called its "Term Loan B Commitment". The Term Loan B Commitment of each of the Lenders are herein collectively referred to as the "Term Loan B Commitments". The Agent shall not be responsible for the Term Loan B Commitment of any Lender; and similarly, none of the Lenders shall be responsible for the Term Loan B Commitment of any of the other Lenders; the failure, however, of any Lender to perform its Term Loan B Commitment shall not relieve any of the other Lenders from the performance of their respective Term Loan B Commitments.
Appears in 1 contract
Sources: Financing and Security Agreement (BPC Holding Corp)
Term Loan B Commitments. Subject to and upon the terms provisions of this Agreement, each Term Loan B Lender severally agrees to make a term loan (each a "Term Loan B"; and collectively, the "Term Loans B") to the Borrower on the Closing Date in the principal amount set forth below opposite such Term Loan B Lender's name on the signature page (herein called such Term Loan B Lender's "Term Loan B Committed Amount"). The total of each Term Loan B Lender's Term Loan B Committed Amount is herein called the "Total Term Loan B Committed Amount", which amount is Five Million Dollars ($5,000,000). The proportionate share set forth below opposite each Lender's name is herein called such Lender's "Term Loan B Pro Rata Share": Term Loan B Term Loan B LENDER COMMITTED AMOUNT PRO RATA SHARE Fleet $ 6,896,000 22.99% GE Capital $11,552,000 38.51% NationsBank $11,552,000 38.51% TOTAL LOAN B COMMITTED AMOUNT: $30,000,000 100% The obligation of each Term Loan B Lender to make a Term Loan B is several and is limited to its Term Loan B Committed Amount, Amount and such obligation of each Term Loan B Lender is herein called its "Term Loan B Commitment". ." The Term Loan B Commitment of each of the Term Loan B Lenders are herein is collectively referred to as the "Term Loan B Commitments". The Neither the Agent nor any Formula Lender shall not be responsible for the Term Loan B Commitment of any Term Loan B Lender; and similarly, none of the Term Loan B Lenders shall be responsible for the Term Loan B Commitment of any of the other Term Loan B Lenders; the failure, however, of any Term Loan B Lender to perform its Term Loan B Commitment shall not relieve any of the other Lenders from the performance of their respective Term Loan B Commitments.
Appears in 1 contract
Sources: Financing and Security Agreement (Reunion Industries Inc)