Common use of Term Loan Commitments Clause in Contracts

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company in an amount equal to such Lender's Term Loan Commitment. Company may make only one borrowing under the 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 amounts owed hereunder with respect to the Term 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 and Guaranty Agreement (Taleo Corp), Credit and Guaranty Agreement (Taleo Corp)

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company Borrower in an amount equal to such Lender's Term Loan ’s Commitment. Company Borrower may make only one borrowing under the Term Loan each Commitment which shall be on the Closing Date. Any amount borrowed under this SECTION Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to SECTIONS Sections 2.9 and 2.10, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender's Term Loan ’s Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender's Term Loan ’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 Date, a Term Loan term loan to Company the Borrower in an amount equal to such Lender's ’s Term Loan Commitment. Company The Borrower may make only one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this SECTION 2.1(aSection 2.01(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 Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender's ’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 ’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, make a Term Loan on the Closing Date, a Term Loan to Company Date in an amount equal to such Lender's Term Loan Commitment. Company Borrower may make only one borrowing under the Term Loan Commitment Commitments, which shall be on the Closing Date. Any amount borrowed under pursuant to this SECTION Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to SECTIONS 2.9 Sections 2.10(a) and 2.102.11, all amounts owed hereunder with respect to the Term Loan Loans shall be paid repaid 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 1 contract

Sources: Credit and Guaranty Agreement (Stanadyne Corp)

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 Company Borrowers in an amount equal to such Lender's ’s Term Loan Commitment, if any. Company Borrowers may make only one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this SECTION 2.1(aSection 2.1(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 Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender's ’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 ’s Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit Agreement (Technical Olympic Usa Inc)

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to the Company in an amount equal to such Lender's Term Loan Commitment. The Company may make only one borrowing under the each Term Loan Commitment Commitment, which shall be on the Closing Date. Any amount borrowed under this SECTION 2.1(a) Section 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 Loan Loans 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 upon the funding by such Lender of such Lender's its Term Loan Commitment on such dateCommitment.

Appears in 1 contract

Sources: Credit and Guarantee Agreement (Calpine Corp)

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company Borrower in an amount equal to the amount of such Lender's ’s Term Loan Commitment. Company Borrower may make only one borrowing under the Term Loan Commitment Commitment, which shall be on the Closing Date. Any amount borrowed under this SECTION 2.1(a) Section 2.1 and subsequently repaid or prepaid may not be reborrowed. Subject to SECTIONS 2.9 Sections 2.10 and 2.102.11, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender's ’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 ’s Term Loan Commitment on such date.

Appears in 1 contract

Sources: Senior Secured Super Priority Debtor in Possession and Exit Credit and Guaranty Agreement (Tronox 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 Company Borrower in an aggregate amount equal to such Lender's ’s Initial Term Loan Commitment. Company may make only one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this SECTION Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to SECTIONS 2.9 Sections 2.11, 2.12, 2.13 and 2.102.14, all amounts owed hereunder with respect to the Initial Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender's ’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 ’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 Date, a Term Loan to Company Borrower in an amount equal to such Lender's ’s Term Loan Commitment. Company may make only one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount Amounts borrowed under pursuant to this SECTION Section 2.1(a) and that are subsequently repaid or prepaid may not be reborrowed. Subject to SECTIONS 2.9 Sections 2.10(a) and 2.102.11, all amounts owed hereunder with respect to the Term Loan shall be paid in full no later than the Term Loan Maturity Date. Each Lender's ’s Term Loan Commitment shall terminate immediately and without any further action on the Closing Date after giving effect to upon the funding making of a Term Loan by such Lender's Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit and Guarantee Agreement (Griffon Corp)

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a make Initial Term Loan Loans to Company Borrower in an aggregate amount equal to such Lender's ’s Initial Term Loan Commitment. Company may make only one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this SECTION Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to SECTIONS 2.9 Sections 2.11, 2.12 and 2.102.14, all amounts owed hereunder with respect to the Initial Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender's ’s Initial Term Loan Commitment shall terminate immediately and without further action on the Closing Credit Date after giving effect to the funding of such Lender's ’s Initial Term Loan Commitment on such date.

Appears in 1 contract

Sources: Credit Agreement (Tiptree Inc.)