Common use of Term Loan Commitments Clause in Contracts

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make a loan (individually a “Term Loan” and collectively for all the Lenders the “Term Loans”) in U.S. Dollars to Borrower in the amount of such Xxxxxx’s Term Loan Commitment. The Term Loans shall be advanced in a single Borrowing on the Closing Date and shall be made ratably by the Lenders in proportion to their respective Term Loan Percentages, at which time the Term Loan Commitments shall expire. As provided in Section 2.6(a), Borrower may elect that the Term Loans be outstanding as Base Rate Loans or SOFR Loans. No amount repaid or prepaid on any Term Loan may be borrowed again.

Appears in 3 contracts

Samples: Credit Agreement (AlTi Global, Inc.), Credit Agreement (Alvarium Tiedemann Holdings, Inc.), Credit Agreement (AlTi Global, Inc.)

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Term Loan Commitments. Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make a loan (individually a “Term Loan” and collectively for all the Lenders the “Term Loans”) in U.S. Dollars to the Borrower in the amount of such XxxxxxLender’s Term Loan Commitment. The Term Loans shall be advanced in a single Borrowing on the Closing Date and shall be made ratably by the Lenders in proportion to their respective Term Loan Percentages, at which time the Term Loan Commitments shall expire. As provided in Section 2.6(a)1.6(a) hereof, the Borrower may elect that the Term Loans be outstanding as Base Rate Loans or SOFR Eurodollar Loans. No amount repaid or prepaid on any Term Loan may be borrowed again.

Appears in 3 contracts

Samples: Credit Agreement (DG FastChannel, Inc), Credit Agreement (Whitestone REIT Operating Partnership, L.P.), Credit Agreement (Whitestone REIT)

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make a loan (individually a “Term Loan” and collectively for all the Lenders the “Term Loans”) in U.S. Dollars to Borrower the Borrowers in the amount of such XxxxxxLender’s Term Loan Commitment. The Term Loans shall be advanced in a single Borrowing on the Closing Date and shall be made ratably by the Lenders in proportion to their respective Term Loan Percentages, at which time the Term Loan Commitments shall expire. As provided in Section 2.6(a)1.6(a) hereof, Borrower the Company, on behalf of the Borrowers, may elect that the Term Loans be outstanding as Base Rate Loans or SOFR Eurocurrency Loans. No amount repaid or prepaid on any Term Loan may be borrowed again.

Appears in 2 contracts

Samples: Credit Agreement (Rc2 Corp), Credit Agreement (Rc2 Corp)

Term Loan Commitments. Subject to the terms and conditions hereof, each U.S. Lender, by its acceptance hereof, severally agrees that the principal balance of the term loans outstanding and owing to make such Lender under the Existing Credit Agreement in the amount of such Lender’s Term Loan Commitment on the Closing Date shall remain outstanding as a term loan under this Agreement (such amount for each Lender being referred to individually as a “Term Loan” and collectively for all the Lenders as the “Term Loans”) in U.S. Dollars to Borrower in the amount of such Xxxxxx’s Term Loan Commitment. The Term Loans shall be advanced in a single Borrowing on the Closing Date and shall be made ratably by the Lenders in proportion to their respective Term Loan Percentages), at which time the its Term Loan Commitments Commitment shall then expire. As provided in Section 2.6(a), U.S. Borrower may elect that the Term Loans be outstanding as Base Rate Loans or SOFR Eurodollar Loans. No amount repaid or prepaid on any Term Loan may be borrowed again.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Fenix Parts, Inc.), Multicurrency Credit Agreement (Fenix Parts, Inc.)

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make a loan (individually a “Term B Loan” and collectively for all the Lenders the “Term B Loans”) in U.S. Dollars to the Borrower in the amount of such XxxxxxLender’s Term B Loan Commitment. The Term B Loans shall be advanced in a single Borrowing on the Closing Date and shall be made ratably by the Lenders in proportion to their respective Term B Loan Percentages, at which time the Term B Loan Commitments shall expire. As provided in Section 2.6(a)1.6(a) hereof, the Borrower may elect that the Term B Loans be outstanding as Base Rate Loans or SOFR Eurodollar Loans. No amount repaid or prepaid on any Term B Loan may be borrowed again.

Appears in 1 contract

Samples: Credit Agreement (Lecg Corp)

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make a loan (individually a “Term Loan” and collectively for all the Lenders the “Term Loans”) in U.S. Dollars to the Borrower in the amount of such XxxxxxLender’s Term Loan Commitment. The Term Loans shall be advanced in a single Borrowing on the Closing Date and shall be made ratably by the Lenders in proportion to their respective Term Loan Percentages, at which time the Term Loan Commitments shall expire. As provided in Section 2.6(a)1.3(a) hereof, the Borrower may elect that the Term Loans be outstanding as Base Rate Loans or SOFR Eurodollar Loans. No amount repaid or prepaid on any Term Loan may be borrowed again.

Appears in 1 contract

Samples: Term Loan Agreement (Emcor Group Inc)

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make a loan (individually a “Term Loan” and collectively for all the Lenders the “Term Loans”) in U.S. Dollars to Borrower in the amount of such XxxxxxLender’s Term Loan Commitment. The Term Loans shall be advanced in a single Borrowing on the Closing Date and shall be made ratably by the Lenders in proportion to their respective Term Loan Percentages, at which time the Term Loan Commitments shall expire. As provided in Section 2.6(a), Borrower may elect that the Term Loans be outstanding as Base Rate Loans or SOFR Eurodollar Loans. No amount repaid or prepaid on any Term Loan may be borrowed again.

Appears in 1 contract

Samples: Credit Agreement (Sterling Construction Co Inc)

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Term Loan Commitments. Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make a loan (individually a "Term Loan" and collectively for all the Lenders the "Term Loans") in U.S. Dollars to the Borrower in the amount of such Xxxxxx’s Lender's Term Loan Commitment. The Term Loans shall be advanced in a single Borrowing on the Closing Date and shall be made ratably by the Lenders in proportion to their respective Term Loan Percentages, at which time the Term Loan Commitments shall expire. As provided in Section 2.6(a)1.6(a) hereof, the Borrower may elect that the Term Loans be outstanding as Base Rate Loans or SOFR Eurodollar Loans. No amount repaid or prepaid on any Term Loan may be borrowed again.

Appears in 1 contract

Samples: Credit Agreement (CalAmp Corp.)

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make a loan (individually a “Term Loan” and collectively for all the Lenders the “Term Loans”) in U.S. Dollars to Borrower in the amount of such XxxxxxLender’s Term Loan Commitment. The Term Loans shall be advanced in a single Borrowing on the Closing Date and shall be made ratably by the Lenders in proportion to their respective Term Loan Percentages, at which time the Term Loan Commitments shall expire. As provided in Section 2.6(a2.5(a), Borrower may elect that the Term Loans be outstanding as Base Rate Loans or SOFR Loans. No amount repaid or prepaid on any Term Loan may be borrowed again.

Appears in 1 contract

Samples: Credit Agreement (AssetMark Financial Holdings, Inc.)

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make a loan (individually individually, a “Term Loan” and collectively for all the Lenders Lenders, the “Term Loans”) in U.S. Dollars to the Borrower in the amount of such XxxxxxLender’s Term Loan Commitment. The Term Loans shall be advanced in a single Borrowing on the Closing Restatement Effective Date and shall be made ratably by the Lenders in proportion to their respective Term Loan Percentages, at which time the Term Loan Commitments shall expire. As provided in Section 2.6(a)1.6(a) hereof, the Borrower may elect that the Term Loans be outstanding as Base Rate Loans or SOFR Eurodollar Loans. No amount repaid or prepaid on any Term Loan may be borrowed again.

Appears in 1 contract

Samples: Credit Agreement (Global Medical REIT Inc.)

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make a loan (individually a “Term Loan” and collectively for all the Lenders the “Term Loans”) in U.S. Dollars to U.S. Borrower in the aggregate amount of such XxxxxxLender’s Term Loan Commitment. The Term Loans shall be advanced in a single Borrowing on the Closing Date and shall be made ratably by the Lenders in proportion to their respective Term Loan Percentages, at which time the Term Loan Commitments shall expire. As provided in Section 2.6(a), U.S. Borrower may elect that the Term Loans be outstanding as Base Rate Loans or SOFR Eurodollar Loans. No amount repaid or prepaid on any Term Loan may be borrowed again.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Fenix Parts, Inc.)

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