The Tranche A Term Loans Sample Clauses

The Tranche A Term Loans. Each Lender with a Tranche A Term Loan Commitment severally agrees, on the terms and conditions hereinafter set forth, to make a Tranche A Term Loan to the Borrower on the Closing Date, which Tranche A Term Loans (i) shall be made and initially maintained as a single Borrowing of Base Rate Loans and (ii) shall be made by each such Lender in that initial aggregate principal amount as is equal to the Tranche A Term Loan Commitment of such Lender on such date. Once repaid or prepaid, Tranche A Term Loans incurred hereunder may not be reborrowed.
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The Tranche A Term Loans. The Company agrees to repay the Tranche A Term Loans on each Principal Payment Date applicable thereto in an aggregate principal amount equal to the applicable Principal Payment Amount. All outstanding Tranche A Term Loans shall be repaid in full on the Tranche A Term Loan Maturity Date.
The Tranche A Term Loans. (i) On the first Term Loan Funding Date, each Tranche A Lender will make a Tranche A Term Loan to Borrower in the amount of such Lender’s Pro Rata Share of the Aggregate Tranche A Term Loan Commitment. After payment of all fees, expenses and other amounts required by the Financing Documents to be paid by Borrower on such Term Loan Funding Date, the remaining aggregate net proceeds of such Tranche A Term Loan shall be deposited into the Tranche A Construction Account, shall be applied solely in accordance with this Agreement and the Disbursement Agreement and shall be used solely for the payment of Qualified Project Construction Expenses.
The Tranche A Term Loans. Subject to and upon the terms and conditions set forth herein, each Lender having a Tranche A Term Commitment severally agrees to make one term loan (each, a "Tranche A Term Loan" and collectively, the "Tranche A Term Loans") to Comercial on the Effective Date in an aggregate amount equal to such Lender's Tranche A Term Commitment. Tranche A Term Loans are available only on the terms and conditions specified hereunder, and once repaid, in full or in part, at maturity or by prepayment, may not be reborrowed in full or in part. For the purpose of clarification, the Tranche A Term Loan Commitments are for principal only and are exclusive of any amount of interest, fees or other amounts due hereunder. The Borrowing of Tranche A Term Loans shall be incurred from the Lenders pro rata on the basis of their Tranche A Term Commitments.
The Tranche A Term Loans. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Borrower, each other Credit Party, each DIP Lender (as defined under the DIP Credit Agreement, a “Term DIP Lender”) party to this Agreement as a Tranche A Term Lender on the date hereof and Xxxxxxxx, as the DIP Agent and as Agent hereunder, hereby confirms and acknowledges that (i) each such Tranche A Term Lender has heretofore made Term Loans (as defined under the DIP Credit Agreement) under the DIP Credit Agreement in principal amounts set forth next to such Tranche A Term Xxxxxx’s name on Schedule 1.1(a)(i) hereto (collectively, the “DIP Loans”), (ii) the aggregate outstanding principal amount of all DIP Claims is $[10,000,000.00] on the Closing Date and (iii) such DIP Claims are due and owing to the Tranche A Term Lenders and are not subject to any offset, counterclaims or defenses of any kind or nature. Subject to and upon the terms and conditions set forth herein and relying upon the representations and warranties herein set forth, after giving effect to the Plan of Reorganization and Confirmation Order, (x) each Lender holding a Tranche A Term Loan Commitment shall be deemed to have made a Tranche A Term Loan to the Borrowers on the Closing Date in an aggregate principal amount equal to its Tranche A Term Loan Commitment listed opposite its name on Schedule 1.1(a)(i) hereto and (y) the principal amount of the DIP Claims shall be deemed to be term loans outstanding hereunder as Tranche A Term Loans, such that the aggregate outstanding principal amount of all Tranche A Term Loans shall be $[10,000,000] as of the Closing Date. Notwithstanding that no cash consideration has been exchanged, the Borrowers, the other Credit Parties, the Term DIP Lenders party to this Agreement as Tranche A Term Lenders on the date hereof and Bridging, as the DIP Agent and as Agent hereunder, hereby acknowledge and agree that the Borrowers shall owe the aggregate amount of the Tranche A Term Loans to the Tranche A Term Lenders under this Agreement and not under the DIP Credit Agreement.
The Tranche A Term Loans. Any Tranche A Term Loan (as defined in the Existing Credit Agreement) outstanding on the Second Restatement Effective Date shall continue as a Tranche A Term Loan under, and subject to the terms of, this Agreement. Tranche A Term Loans that are repaid or prepaid may not be reborrowed. Tranche A Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
The Tranche A Term Loans. Each Lender with outstanding Original ------------------------ Tranche A Term Loans severally agrees, on the terms and conditions hereinafter set forth, to convert, on the Restatement Effective Date, Original Tranche A Term Loans made by such Lender to the Borrower pursuant to the Original Credit Agreement and outstanding on the Restatement Effective Date into a Borrowing of Tranche A Term Loans hereunder. The principal amount of each Lender's outstanding Tranche A Term Loans on the Restatement Effective Date (and after giving effect thereto and to the assignments described in Section 12.17) is set ------------- forth on Schedule 1.01(b) under the caption "Outstanding Tranche A Term Loans."
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The Tranche A Term Loans. The Borrower shall repay the ------------------------ Tranche A Term Loans on each of the following dates in the following corresponding amounts (each such repayment, as the same may be reduced as provided in Sections 2.06(c) and 2.07(h), a "Scheduled A Repayment"): ---------------- ------- --------- ----------- Date Amount ---- ------ March 31, 1999 $1,000,000 June 30, 1999 $1,000,000 September 30, 1999 $1,375,000 December 31, 1999 $1,375,000 March 31, 2000 $1,375,000 June 30, 2000 $1,375,000 September 30, 2000 $1,750,000 December 31, 2000 $1,750,000 March 31, 2001 $1,750,000 June 30, 2001 $1,750,000 September 30, 2001 $2,125,000 December 31, 2001 $2,125,000 March 31, 2002 $2,125,000 June 30, 2002 $2,125,000 September 30, 2002 $2,500,000 December 31, 2002 $2,500,000 March 31, 2003 $2,500,000 June 19, 2003 $2,500,000
The Tranche A Term Loans. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties 2 RBC Capital Markets is a brand name for the capital markets business of Royal Bank of Canada and its affiliates contained herein, each Lender with a Tranche A Term Loan Commitment severally and not jointly agrees to lend to the Borrower on the Closing Date a single Borrowing in the amount set forth opposite such Lender’s name in Schedule 1.1(a) under the heading “Tranche A Term Loan Commitment” (such amount being referred to herein as such Lender’s “Tranche A Term Loan Commitment”). Amounts borrowed as a Tranche A Term Loan which are repaid or prepaid may not be reborrowed. The Tranche A Term Loan Commitments of the Lenders shall expire on the Closing Date upon funding of the Tranche A Term Loans.

Related to The Tranche A Term Loans

  • Tranche A Term Loans Subject to the terms and conditions set forth herein, each Tranche A Term Loan Lender agrees to make a Tranche A Term Loan to the Borrower on the Effective Date in a principal amount not exceeding its Tranche A Term Loan Commitment. Amounts repaid in respect of Tranche A Term Loans may not be reborrowed hereunder.

  • Tranche B Term Loans 3.1 Subject to the terms and conditions set forth herein (i) each existing Tranche B Term Loan Lender (collectively, the “Continuing Tranche B Term Loan Lenders”) that executes and delivers a Lender Addendum (Cashless Roll) in the form attached hereto as Exhibit A (a “Lender Addendum (Cashless Roll)”) agrees to continue all (or such lesser amount as notified to such Lender by the Administrative Agent prior to the Effective Date to give effect to any cash prepayment of the Tranche B Term Loans to be made by the Borrower on the Effective Date) of its existing Tranche B Term Loans outstanding immediately before giving effect to this Amendment as a Tranche B Term Loan on the Effective Date in a principal amount equal to such Continuing Tranche B Term Loan Lender’s Tranche B Term Loan Commitment (as defined in the Credit Agreement) and (ii) each Person (other than a Continuing Tranche B Term Loan Lender in its capacity as such) (collectively, the “Additional Tranche B Term Loan Lenders”) that executes and delivers a Lender Addendum (Additional Tranche B Term Loan Lender) in the form attached hereto as Exhibit B (a “Lender Addendum (Additional Tranche B Term Loan Lender)” and, together with a Lender Addendum (Cashless Roll), a “Lender Addendum”) agrees to take by assignment on the Effective Date from one or more Non-Consenting Lenders a principal amount of Tranche B Term Loans equal to such Additional Tranche B Term Loan Lender’s Tranche B Term Loan Commitment (as defined in the Credit Agreement). For purposes hereof, a Person shall become a party to the Credit Agreement as amended hereby and a Tranche B Term Loan Lender as of the Effective Date by executing and delivering to the Administrative Agent, on or prior to the Effective Date, a Lender Addendum (Additional Tranche B Term Loan Lender) in its capacity as a Tranche B Term Loan Lender. For the avoidance of doubt, the existing Term Loans of a Continuing Tranche B Term Loan Lender must be continued in whole and may not be continued in part unless otherwise notified by the Administrative Agent prior to the Effective Date to give effect to any cash prepayment of the Tranche B Term Loans to be made by the Borrower on the Effective Date.

  • Delayed Draw Term Loans Subject to the terms and conditions set forth in this Agreement and in the other Loan Documents (including, for avoidance of doubt, satisfaction of the conditions precedent set forth in Exhibit B attached hereto on the Closing Date and Exhibit E attached hereto on the applicable Delayed Draw Funding Date), the Initial Lender agrees to make delayed draw term loans to Borrower at any time and from time to time during the Availability Period (each, a “Delayed Draw Term Loan” and collectively, the “Delayed Draw Term Loans”); provided that the aggregate principal amount of all Delayed Draw Term Loan Notes shall not exceed the Maximum Delayed Draw Term Loan Principal Amount. Delayed Draw Term Loans may be funded at Xxxxxxxx’s request in multiple Advances made during the Availability Period and repaid in accordance with the terms of this Agreement and each Delayed Draw Term Loan Note. Whenever Borrower desires to incur a Delayed Draw Term Loan hereunder, Borrower shall give Administrative Agent at least five (5) Business Days’ (or such shorter period agreed to by Administrative Agent in its sole discretion) prior written notice of such Delayed Draw Term Loan to be incurred hereunder specifying the principal amount of such Delayed Draw Term Loan to be incurred and the date of such Advance (which shall be a Business Day). Each Delayed Draw Term Loan will be evidenced by a Delayed Draw Term Loan Note appropriately completed in accordance with the terms of the form of Delayed Draw Term Loan Note attached hereto as Exhibit G to include the applicable interest rate and required amortization payments; provided that the aggregate principal amount of all Delayed Draw Term Loan Notes shall not exceed the Maximum Delayed Draw Term Loan Principal Amount. Interest on each Delayed Draw Term Loan shall accrue commencing on the Delayed Draw Funding Date for such Delayed Draw Term Loan at a per annum rate equal to the Term SOFR Rate plus 5.95%. Xxxxxxxx agrees to repay the Delayed Draw Term Loans, with interest, in accordance with the Delayed Draw Term Loan Notes, this Agreement, and the other Loan Documents. The obligation of Borrower to repay the Delayed Draw Term Loans, together with interest as provided in this Agreement and in each Delayed Draw Term Loan Note, shall commence upon the funding of each Delayed Draw Term Loan on the Delayed Draw Funding Date for such Delayed Draw Term Loan and shall be unconditional. Borrower hereby accepts each Delayed Draw Term Loan requested by Borrower on the Delayed Draw Funding Date for such Delayed Draw Term Loan, subject to and upon the terms and conditions set forth herein.

  • Term Loans Subject to the terms and conditions of this Agreement, on the Closing Date, each Lender then party to this Agreement severally (and not jointly) made a term loan to Borrowers (collectively, the “Existing Term Loans”) in an amount equal to $20,000,000. Subject to the terms and conditions of this Agreement and the First Amendment, on the First Amendment Effective Date, each Lender severally (and not jointly) agrees to make an additional term loan to Borrowers (collectively, the “First Amendment Term Loans”) in an amount equal to such Lxxxxx’s Term Loan Commitment, such that after giving effect to the First Amendment on the First Amendment Effective Date, the aggregate principal amount of the Term Loans hereunder shall be $40,000,000. Subject to the terms and conditions of this Agreement and the Second Amendment, on the Second Amendment Effective Date, each Lender severally (and not jointly) agrees to make an additional term loan to Borrowers (collectively, the “Second Amendment Term Loans,” and together with the Existing Term Loan and the First Amendment Term Loans, collectively, the “Term Loans”), in an amount equal to such Lxxxxx’s Term Loan Commitment, such that after giving effect to the Second Amendment on the Second Amendment Effective Date, the aggregate principal amount of the Term Loans hereunder shall be $60,000,000. All Term Loans shall be made in and repayable in Dollars. Amounts repaid in respect of Term Loans may not be reborrowed, and upon each Lender’s making of the Second Amendment Term Loans on the Second Amendment Effective Date, any then outstanding Term Loan Commitment of such Lender shall be terminated (it being understood and agreed that the initial Term Loan Commitments of $20,000,000, under and as defined in this Agreement as in effect on the Closing Date, were reduced to $0 upon the funding of the Existing Term Loans on the Closing Date and the Term Loan Commitments of $20,000,000, under and as defined in this Agreement as in effect on the First Amendment Effective Date, were reduced to $0 upon the funding of the First Amendment Term Loans on the First Amendment Effective Date).

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • Term Loan Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Term Loan”) to the Borrower in Dollars on the Closing Date in an amount not to exceed such Lender’s Term Loan Commitment. Amounts repaid on the Term Loan may not be reborrowed. The Term Loan may consist of Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as further provided herein, provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Term Loan Commitments Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender severally agrees to make a term loan (the “Term Loan”) to the Borrower on the Closing Date in such principal amount as the Borrower shall request up to, but not exceeding such Lender’s Term Loan Commitment.

  • Term Loan Advances Subject to Section 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate, plus three-quarters of one percent (0.75%), which interest shall be payable monthly in accordance with Section 2.1.2(b) above and Section 2.3(d) below.

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

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