Tranche A Commitment Sample Clauses

Tranche A Commitment. Upon and subject to the terms and conditions hereof, (i) the Fronting Bank hereby agrees to issue Tranche A Letters of Credit at the request of and for the account of Max Re from time to time before the Tranche A Commitment Termination Date, (ii) each Issuer hereby agrees to issue Letters of Credit at the request of and for the account of Max Re from time to time before the Tranche A Commitment Termination Date in such Issuer’s Percentage of such aggregate stated amounts of Tranche A Letters of Credit as Max Re may from time to time request, (iii) each Lender hereby agrees to purchase Risk Participations in the obligations of the Fronting Bank under Tranche A Letters of Credit Issued by the Fronting Bank, and (iv) with respect to Letters of Credit Issued by the Issuers severally based on their respective Percentages, the Fronting Bank shall be severally (and not jointly) liable for an amount equal to its Percentage plus each Participating Bank’s Percentage and each Participating Bank hereby agrees to purchase Risk Participations in the obligations of the Fronting Bank under any such Tranche A Letter of Credit in an amount equal to such Participating Bank’s Percentage; provided that no Issuer shall be obligated to issue (and no Participating Bank shall be obligated to participate in) any Tranche A Letter of Credit if as of the date of issuance of such Tranche A Letter of Credit (A) the Tranche A Obligations outstanding shall exceed the lesser of (x) the combined Tranche A Commitments and (y) the Tranche A Borrowing Base, (B) the Tranche A Obligations of any Lender would exceed such Lender’s Tranche A Commitment, or (C) the conditions in Section 2.3(b) are not met.
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Tranche A Commitment. (a) The Tranche A Commitment of HSBC Bank plc in its capacity as a Bank as at the Signing Date will be US$50,000,000 (unless it agrees in writing with the Parent to increase its Tranche A Commitment up to a specified amount).
Tranche A Commitment. Subject to the terms and conditions of this Loan Agreement, Lenders agree to advance to Borrowers (the “Tranche A Advances”) from time to time on or prior to April 30, 2008, one or more term loans in an aggregate principal amount of up to Ten Million Dollars ($10,000,000) (the “Tranche A Commitment”).
Tranche A Commitment. (a) From time to time on any Business Day during the period from and after the Effective Date to the earlier to occur of (x) Tranche A Availability Termination Date and (y) any Commitment Termination Date relating to all Commitments or to the Tranche A Commitment, the Lender will make Tranche A Loans to the Borrower equal to the amount of the Tranche A Loan requested by the Borrower to be made on such day in the applicable Borrowing Request therefor. On the terms and subject to the conditions of this Agreement, the Borrower may from time to time borrow, prepay and reborrow Tranche A Loans.
Tranche A Commitment. Subject to the terms and conditions of this Agreement, each Lender agrees (severally, not jointly or jointly and severally) to make, from time to time prior to the Availability Termination Date, a series of term loans to Borrowers (each, a "Tranche A Advance" and collectively the "Tranche A Advances") in an aggregate amount at any one time outstanding not to exceed such Lender's Pro Rata Share of the Tranche A Commitment. Each Tranche A Advance shall be made in accordance with such Lender's Pro Rata Share at such times and in such amounts as any Borrower may request in writing, shall be advanced directly to the applicable vendor or Borrower and once borrowed may be prepaid in whole or in part without penalty or premium at any time during the term of this Agreement upon 30 days prior written notice by such Borrower to Agent, all such prepaid amounts to be applied to the installments due on all of the Tranche A Advances in the inverse order of their maturity. Amounts borrowed and repaid may not be reborrowed. The foregoing to the contrary notwithstanding, (a) each requested Tranche A Advance shall be in a principal amount of not less than (i) $500,000, or (ii) such lesser amount as is the then unfunded balance of the Tranche A Commitment, (b) each Tranche A Advance shall be in an amount, as determined by Agent, not to exceed such Borrower's invoice cost (including shipping, freight, and installation) with respect to new Gaming Equipment that is to be purchased in the ordinary course of business by a Borrower with the proceeds of such Tranche A Advance, (c) the new Gaming Equipment that is to be acquired or that has been purchased by Borrowers must be for Gaming Equipment listed on Schedule 7.17 hereto and be otherwise acceptable to Agent in all respects, not be a fixture, and not be intended to be affixed to real property or to become installed in or affixed to other goods, and (d) no Lender shall have any obligation to fund any Tranche A Advance hereunder to the extent that the making thereof would cause the then outstanding amount of Tranche A Advances to exceed the Tranche A Commitment. All amounts outstanding under the Tranche A Commitment shall constitute Obligations.
Tranche A Commitment. From and including the Closing Date to (but excluding) the Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to (a) make Loans (each, a "Tranche A Revolving Loan") to Astec, (b) to participate in Facility Letters of Credit for the account of Astec up to but not exceeding the Facility Letter of Credit Limit, (c) to participate in Swing Line Loans for the account of Astec up to but not exceeding the Swing Line Limit, each from time to time in amounts not to exceed in the aggregate at any one time outstanding the lesser of (x) such Lender's Tranche A Commitment, and (y) such Lender's Revolving Commitment (less such Lender's Percentage of any Revolving Loan Obligations at such time). Subject to the terms of this Agreement, Astec may borrow, repay and reborrow, and Astec may request the issuance of Facility Letters of Credit, at any time prior to the Facility Termination Date. The Tranche A Commitment shall expire on the Facility Termination Date.
Tranche A Commitment. On and subject to the terms and conditions of this Reimbursement and Pledge Agreement, each Issuing Bank agrees to issue, extend and renew for the account of Mont Re one or more standby letters of credit (a “Tranche A Letter of Credit”), from time to time before the Tranche A Commitment Termination Date and, as more fully set forth in §2.2, each Tranche A Lender agrees to purchase a participation in such Tranche A Letters of Credit, provided, however, that after giving effect to any request for such issuance, extension or renewal, (a) the Total Outstandings shall not exceed the Total Commitment at any one time, (b) the sum of the Tranche A Outstanding Amount shall not exceed the Total Tranche A Commitment at any one time, and (c) the Total Outstandings shall not exceed the Collateral Coverage Amount. The Borrowers, the Issuing Banks and the Lenders agree that the Existing Letters of Credit listed on Schedule 2.1.1 shall be Tranche A Letters of Credit hereunder.
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Tranche A Commitment. Section 1.01 of the Loan Agreement is hereby amended by deleting clause (b) of the definition of “Tranche A Commitment” in its entirety and substituting “[intentionally omitted]” therefor.
Tranche A Commitment. Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender with a Tranche A Commitment severally agrees to make a term loan (the "Tranche A Term Loan") to the Borrower on the Restatement Effective Date in such principal amount as the Borrower shall request up to, but not exceeding, such Lender's Tranche A Commitment.
Tranche A Commitment. As to each Tranche A Lender, its obligation to make Tranche A Loans to Borrower pursuant to §2.1(a)(i) in an original principal amount not to exceed the applicable amount set forth opposite such Tranche A Lender’s name on Schedule 2, as such Schedule 2 may be updated by the Agent from time to time.
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