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 Borrowers in Dollars in an amount equal to such Lender’s Term Loan Commitment. Borrowers may make only one borrowing under each Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01 and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.26 and 2.27, all amounts owed hereunder with respect to the Term 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 the funding of such Lender’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Pledge and Security Agreement (Tumi Holdings, Inc.)

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Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrowers in Dollars Parent Borrower in an amount equal to such Lender’s Term Loan Commitment. Borrowers Parent Borrower may make only one borrowing under each the Term Loan Commitment Commitment, which shall be on the Closing Date. Any amount borrowed under this Section 2.01 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.26 2.9, 2.10 and 2.272.11, all outstanding amounts owed hereunder with respect to the Term 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 the funding of such Lender’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (RLJ Entertainment, 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 Borrowers in Dollars NewPageCo in an amount equal to such Lender’s Existing Term Loan Commitment. Borrowers NewPageCo may make only one borrowing under each the Existing Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.26 2.13 and 2.272.14, all amounts owed hereunder with respect to the Existing Term Loans shall be paid in full no later than the Existing Term Loan Maturity Date. Each Lender’s Existing Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Existing Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (NewPage 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 Borrowers the Company in Dollars in an a principal amount equal to such Lender’s Term Loan Commitment. Borrowers Company may make only one borrowing under each the Term Loan Commitment Commitment, which shall be on the Closing Date. Any amount borrowed under this Section 2.01 2.1(a)(i) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.26 2.11 and 2.272.12, all outstanding amounts owed hereunder with respect to the Term Loans Loan shall be paid in full no later than the Term Loan Final 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

Samples: Credit and Guaranty Agreement (AvidXchange Holdings, Inc.)

Term Loan Commitments. Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make, on during the Closing Date, a Term Loan Availability Period, one or more Term Loans to Borrowers in Dollars the Company in an amount equal up to such Lender’s Term Loan Commitment. Borrowers may make only one borrowing under each ; provided, that in no event shall any requested Term Loan Commitment which shall be on exceed the Closing Datethen remaining unused Term Loan Commitment. Any amount borrowed under this Section 2.01 2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.26 and 2.27Section 2.02, all amounts owed hereunder with respect to the Term 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 at the Closing Date expiration of the Term Loan Availability Period after giving effect to the funding of such Lender’s any Term Loan Commitment Loans on such date.

Appears in 1 contract

Samples: Term Loan and Security Agreement (FS Energy & Power Fund)

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrowers in Dollars the Borrower in an amount equal to such Lender’s Term Loan CommitmentCommitment up to its Pro Rata Share of the Maximum Availability. Borrowers The Borrower may make only one borrowing under each the Term Loan Commitment Commitments which shall be on the Closing Date. Any amount borrowed under this Section 2.01 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.26 Section 2.10 and 2.27Section 2.11, all amounts owed hereunder with respect to the Term 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 the funding of such Lender’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit Agreement (Consumer Portfolio Services 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 Borrowers in Dollars Borrower in an amount equal to the amount of such Lender’s Term Loan Commitment. Borrowers Borrower may make only one borrowing under each the Term Loan Commitment Commitment, which shall be on the Closing Date. Any amount borrowed under this Section 2.01 2.1 and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.26 2.10 and 2.272.11, all amounts owed hereunder with respect to the Term 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 the funding of such Lender’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: 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 Term Loan to Borrowers Borrower in Dollars in an a principal amount equal to such Lender’s Term Loan Commitment. Borrowers Borrower may make only one borrowing under each the Term Loan Commitment Commitments which shall be on the Closing Date. Any amount borrowed under this Section 2.01 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.26 Section 2.12, Section 2.13 and 2.27Section 2.14, all amounts owed hereunder with respect to the Term 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 the funding of such Lender’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Lease Agreement (GPB Holdings II, LP)

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Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Effective Date, a Term Loan to Borrowers in Dollars the Borrower in an amount equal to such Lender’s Term Loan Commitment. Borrowers The Borrower may make only one borrowing under each the Term Loan Commitment Commitments which shall be on the Closing Effective Date. Any amount borrowed under this Section 2.01 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.26 2.9(a) and 2.272.10, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan applicable Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Effective Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date. Term Loans shall be funded net of the OID Amount.

Appears in 1 contract

Samples: Security Agreement (Pioneer Energy Services 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 Borrowers in Dollars Company in an amount equal to such Lender’s 's Term Loan Commitment. Borrowers Company may make only one borrowing under each the Term Loan Commitment Commitments which shall be on the Closing Date. Any amount borrowed under this Section 2.01 2.1(b) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.26 2.13(a) and 2.272.14, all amounts owed hereunder with respect to the Term 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

Samples: Credit and Guaranty Agreement (Amscan Holdings Inc)

Term Loan Commitments. Subject to the terms and conditions hereof, during the Term Loan Commitment Period, each Lender severally agrees to make, on the Closing Date, a make Term Loan Loans to Borrowers in Dollars Companies in an aggregate amount equal to not exceeding such Lender’s Term Loan Commitment. Borrowers may make only one borrowing under each ; provided, that after giving effect to the making of any Term Loan Commitment which shall Loan, Availability would be on the Closing Date$0 or greater. Any amount borrowed under this Section 2.01 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.26 Section 2.12 and 2.27Section 2.13, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall (x) automatically and permanently be reduced by the amount of each Term Loan made hereunder and (y) 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 dateTermination Date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Newtek Business Services 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 Borrowers in Dollars Borrower in an amount equal to such Lender’s 's Term Loan Commitment. Borrowers The Borrower may make only one borrowing under each Term Loan Commitment hereunder, which shall be on the Closing Date. Any amount borrowed under this Section 2.01 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.26 2.13(a) and 2.272.14, all amounts owed hereunder with respect to the Term 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

Samples: Pledge and Security Agreement (AbitibiBowater Inc.)

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