The Term Loan Facility. Subject to and upon the terms and conditions herein set forth, each Lender having a Term Loan Commitment severally agrees to make a loan or loans denominated in Dollars (each, a “Term Loan”) to the Borrower on the Closing Date, which Term Loans shall not exceed for any such Lender the Term Loan Commitment of such Lender and in the aggregate shall not exceed $475,000,000. Such Term Loans (i) may at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans; provided that all Term Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Term Loans of the same Type, and (ii) may be repaid or prepaid (without premium or penalty) in accordance with the provisions hereof, but once repaid or prepaid, may not be reborrowed.
The Term Loan Facility. Subject to the terms and conditions set forth in this Agreement, Lender agrees to loan to Borrower on the Closing Date the Maximum Loan Amount in the form of the Term Loan to be constituted of a single draw equal to such Maximum Loan Amount to be disbursed to the appropriate Borrower’s account(s) as set forth on Schedule 2.4. The Term Loan is not a revolving credit facility, and any repayments of principal shall be applied to permanently reduce the Term Loan.
The Term Loan Facility. Subject to the terms of this Agreement, the Lenders make available to the Borrower a term loan facility in an aggregate amount equal to the Total Term Loan Facility Commitments.
The Term Loan Facility. Subject to the terms of this Agreement, each Senior Bank agrees to participate in the Term Loan Facility and to make available to the Borrowers a term loan facility up to an aggregate amount in USD not exceeding its Term Loan Facility Commitments.
The Term Loan Facility. Upon the terms and conditions set forth herein, SNB shall make available to the Borrower, commencing on the Effective Date and until the Termination Date, Advances under the Term Loan in the aggregate maximum principal amount not to exceed Three Million Dollars ($3,000,000) (the “Term Loan Commitment”); provided, however, there shall be no re-advances of principal once the Term Loan has been fully advanced.
The Term Loan Facility. (a) Lender, subject to the terms and conditions hereof, will make a non-revolving draw credit facility (the “Term Loan Facility”) available to the Borrower in an aggregate principal amount not to exceed the Draw Credit Maximum Amount. The Term Loan Facility is non-revolving, and Draws repaid may not be re-borrowed.
The Term Loan Facility. (a) Subject to the terms and conditions of this Agreement, each Lender severally agrees to make a term loan (a "Term Advance") to the Borrower on the Closing Date in amount equal to such Lender’s Term Loan Commitment Percentage of the Term Loan Commitment Amount (as to each Lender, its "Term Loan Commitment").
The Term Loan Facility. (a) Amount of the Term Loan. (i) Subject to the terms and conditions set forth in this Agreement, each Term Loan Lender hereby severally and not jointly agrees to make to the Borrower on the Initial Funding Date a term loan (the term loan of each Lender, a "Term Loan", and the term loans of all Lenders, the "Term Loans") in the amount requested by the Borrower which shall not exceed such Lender's Term Loan Commitment.
The Term Loan Facility. Subject to the terms and conditions of this Agreement and the other Related Documents and in reliance on the representations and warranties of each of the parties hereto contained herein or made pursuant hereto or pursuant to the other Related Documents, the Lenders have agreed to make Advances to the Lessor from time to time in an aggregate principal amount of up to the aggregate amount of the Lender Commitments in order for the Lessor to acquire the Property and Equipment, to develop and construct the improvements and install the Equipment in accordance with the Construction Agency Agreement and the terms and provisions hereof and for the other purposes described herein, and in consideration of the receipt of proceeds of the Advances, the Lessor will issue the Tranche A Term Notes and Tranche B Term Notes. The Advances shall be made and the Tranche A Term Notes and Tranche B Term Notes shall be issued pursuant to the Credit Agreement. Pursuant to Article V of the Credit Agreement and Article 5 of this Agreement, the Advances will be made to the Lessor from time to time at the request of the Construction Agent in consideration for the Construction Agent agreeing for the benefit of the Lessor, pursuant to the Construction Agency Agreement, to acquire the Property and the Equipment, to construct the improvements and to cause the Lessee to lease the Property and Equipment, each in accordance with the Construction Agency Agreement and the other Related Documents. The Obligations of the Lenders under the Credit Agreement and the other Related Documents are several, and not joint or joint and several. The Advances and the obligations of the Lessor under the Credit Agreement shall be secured by the Trust Collateral.
The Term Loan Facility. 4.1 THE TERM LOAN FACILITY Subject to the terms and conditions of this Agreement, the Bank, in full reliance on each of the representations and warranties made by the Borrower under Clause 3 agrees to make available to the Borrower a term loan facility in the maximum principal amount of L3,040,000, to be made available as Tranche A, Tranche B and Tranche C.