Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower in an amount equal to such Lender’s Commitment. Borrower may make only one borrowing under each Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.9 and 2.10, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Commitment on such date.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Exopack Holding Corp), Credit and Guaranty Agreement (Exopack Holding Corp)
Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Funding Date, a portion of the Term Loan to Borrower in an amount equal to such Lender’s Term Loan Commitment. Borrower may make only one borrowing under each the Term Loan Commitment which borrowing (i) shall be made on the Closing Date and (ii) shall be funded on the Funding Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.9 and 2.10Section 2.7, all amounts owed hereunder with respect to the Term Loans Loan shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.
Appears in 2 contracts
Sources: Credit Agreement (Waitr Holdings Inc.), Credit Agreement (Waitr Holdings Inc.)
Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan term loan to the Borrower in an amount equal to such Lender’s Term Loan Commitment. The Borrower may make only one borrowing under each the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.9 and 2.10, all All amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.
Appears in 2 contracts
Sources: Credit Agreement (A.S.V., LLC), Credit Agreement (Manitex International, Inc.)
Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Initial Term Loan Loans to Borrower in an aggregate amount equal to such Lender’s Initial Term Loan Commitment. Borrower may make only one borrowing under each Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.9 2.11, 2.12, 2.13 and 2.102.14, all amounts owed hereunder with respect to the Initial Term Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Initial Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Initial Term Loan Commitment on such date.
Appears in 1 contract
Sources: Credit Agreement (Tiptree Inc.)
Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Funding Date, a portion of the Term Loan to Borrower in an amount equal to such Lender’s Term Loan Commitment. Borrower may make only one borrowing under each the Term Loan Commitment which borrowing (i) shall be made on the Closing Date and (ii) shall be funded on the Funding Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.9 2.8 and 2.102.9, all amounts owed hereunder with respect to the Term Loans Loan shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Funding Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Waitr Holdings Inc.)
Term Loan Commitments. Subject to the terms and conditions hereof, each Term Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower Borrowers in an amount equal to such Lender’s Term Loan Commitment, if any. Borrower Borrowers may make only one borrowing under each the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a2.1(1) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.9 and 2.10, all All amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.
Appears in 1 contract
Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower the Company in an amount equal to such Lender’s 's Term Loan Commitment. Borrower The Company may make only one borrowing under each Commitment Term Loan Commitment, which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.9 and 2.10, all All amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Maturity Date. Each Lender’s 's Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to upon the funding by such Lender of such Lender’s Commitment on such dateits Term Loan Commitment.
Appears in 1 contract