Common use of Term Loan Commitment Clause in Contracts

Term Loan Commitment. In a single Borrowing on the Closing Date, each Term Lender agrees that it will make a Term Loan to the Borrowers equal to such Lender’s Percentage of the aggregate amount of the Term Loan Commitment Amount. No amounts paid or prepaid with respect to the Term Loan may be reborrowed.

Appears in 3 contracts

Sources: Credit Agreement, Credit Agreement (Parametric Sound Corp), Credit Agreement (Parametric Sound Corp)

Term Loan Commitment. In a single Borrowing on the Closing Date, each Term Lender agrees that it will make a Term Loan to the Borrowers Borrower equal to such Lender’s Percentage of the aggregate amount of the Term Loan Commitment Amount. No amounts paid or prepaid with respect to the Term Loan may be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Parametric Sound Corp)

Term Loan Commitment. In a single Borrowing on the Closing Date, each Term Lender agrees that it will commits to make a loan (a “Term Loan Loan”) to the Borrowers Borrower equal to such Term Lender’s Term Loan Percentage of the aggregate principal amount of the Borrowing of Term Loans requested by the Borrower to be made on such day. The commitment of each Term Lender described in this clause is herein referred to as its “Term Loan Commitment AmountCommitment”. No amounts paid or prepaid with respect to the Term Loan Loans may be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Graphic Packaging Corp)