Common use of Tranche A Term Loans Clause in Contracts

Tranche A Term Loans. Each Tranche A Term Loan Lender severally agrees, on the terms and conditions of this Agreement, to make a term loan to Borrower in Dollars on the Closing Date and on the Deferred Drawdown Date in an aggregate principal amount equal to the Tranche A Term Loan Commitment of such Lender (of which not less than 20% shall be funded on the Closing Date and the remainder shall be funded on the Deferred Drawdown Date), such loan to be used to finance the Transactions and to pay related fees and expenses. Subject to the terms and conditions of this Agreement, thereafter Borrower may Convert Tranche A Term Loans of one Type into Tranche A Term Loans of another Type (as provided in Section 2.09) or Continue Tranche A Term Loans of one Type as Tranche A Term Loans of the same Type (as provided in Section 2.09). Each Tranche A Term Loan shall be made by a Tranche A Term Loan Lender pro rata based on such Lender's Tranche A Term Loan Commitment Percentage. The aggregate sum of the amount of the Tranche A Term Loans made on the Closing Date and the Deferred Drawdown Date shall not exceed the Tranche A Term Loan Commitments or, with respect to any Lender, its Tranche A Term Loan Commitment.

Appears in 1 contract

Samples: Credit Agreement (Pricellular Corp)

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Tranche A Term Loans. Each Tranche A Term Loan Lender severally -------------------- agrees, on the terms and conditions of this Agreement, to make a single term loan to Borrower in Dollars on the Closing Date Amendment and on the Deferred Drawdown Restatement Date in an aggregate principal amount equal to the Tranche A Term Loan Commitment of such Lender (of which not less than 20% shall be funded on the Closing Date and the remainder shall be funded on the Deferred Drawdown Date)Lender, such loan to be used to finance the Transactions transactions contemplated hereby and to pay related fees and expenses. Subject to the terms and conditions of this Agreement, thereafter Borrower may Convert Tranche A Term Loans of one Type into Tranche A Term Loans of another Type (as provided in Section 2.09) or Continue Tranche A Term Loans of one Type as Tranche A Term Loans of the same Type (as provided in Section 2.09). Each Tranche A Term Loan shall be made by a Tranche A Term Loan Lender pro rata based on such Lender's Tranche A Term Loan Commitment Percentage. The --- ---- aggregate sum of the amount of the Tranche A Term Loans made on the Closing Date Amendment and the Deferred Drawdown Restatement Date shall not exceed the Tranche A Term Loan Commitments or, with respect to any Lender, its Tranche A Term Loan Commitment.

Appears in 1 contract

Samples: Credit Agreement (Princess Beverly Coal Holding Co Inc)

Tranche A Term Loans. Each Tranche A Term Loan Lender severally agrees, on the terms and conditions of this Agreement, to make a term loan loans to Borrower the Borrowers in Dollars on during the Closing period from and including the Iowa Acquisition Consummation Date to and on including the Deferred Drawdown Term Loan Commitment Expiration Date in an aggregate principal amount equal up to but not exceeding the amount of the Tranche A Term Loan Commitment of such Lender (of which not less than 20% shall be funded on the Closing Date and the remainder shall be funded on the Deferred Drawdown Date), such loan to be used to finance the Transactions and to pay related fees and expensesLender. Subject to the terms and conditions of this Agreement, during such period the Borrowers may borrow the Tranche A Term Loan Commitments by means of Base Rate Loans and Eurodollar Loans, and thereafter Borrower the Borrowers may Convert Tranche A Term Loans of one Type into Tranche A Term Loans of another Type (as provided in Section 2.092.09 hereof) or Continue Tranche A Term Loans of one Type as Tranche A Term Loans of the same Type (as provided in Section 2.092.09 hereof). Each Tranche A Term Loan shall be made by a Tranche A Term Loan Lender pro rata based on such Lender's Tranche A Term Loan Commitment Percentage. The aggregate sum Amounts prepaid or repaid in respect of the amount of the Tranche A Term Loans made on may not be reborrowed. Proceeds of Tranche A Term Loans hereunder shall be available for any use permitted under the Closing Date and first sentence of Section 8.17(b) hereof. Anything herein to the Deferred Drawdown Date shall not exceed contrary notwithstanding, the Tranche A Term Loan Commitments orwill become available on the Iowa Acquisition Consummation Date only so long as (i) the same shall occur on or before November 30, with respect 2001, (ii) the full original aggregate committed amounts of the Tranche B Term Loan Commitments shall have been drawn on or before such date and applied to the consummation of one or more of the Broadband Acquisitions (i.e. not including proceeds of Tranche B Term Loans held in escrow pursuant to Section 2.01(g) hereof) and (iii) no prepayments of any LenderTranche B Term Loans pursuant to Section 2.09 hereof shall have occurred subsequent to the date of such drawing of Tranche B Term Loans (it being understood that, its as provided in Section 2.04(c) hereof, the Tranche A Term Loan CommitmentCommitments shall be automatically terminated on November 30, 2001 if they do not become available hereunder on or before said date).

Appears in 1 contract

Samples: Credit Agreement (Mediacom Communications Corp)

Tranche A Term Loans. Each Tranche A Term Loan Lender severally agrees, on the terms and conditions of this Agreement, to make a term loan loans to Borrower the Borrowers in Dollars on in up to three drawings at any time during the period from and including the Closing Date through and on including the Deferred Drawdown date (the “Tranche A Term Loan Commitment Expiration Date”) 100 days after the Closing Date (provided that if such date is not a Business Day, the Tranche A Term Loan Commitment Expiration Date shall be the next succeeding Business Day) in an aggregate principal amount equal up to but not exceeding the amount of the Tranche A Term Loan Commitment of such Lender (of which not less than 20% shall be funded on the Closing Date and the remainder shall be funded on the Deferred Drawdown Date), such loan to be used to finance the Transactions and to pay related fees and expensesLender. Subject to the terms and conditions of this Agreement, on the date of such drawing, the Borrowers may borrow the Tranche A Term Loan Commitments by means of Base Rate Loans and Eurodollar Loans, and thereafter Borrower the Borrowers may Convert Tranche A Term Loans of one Type into Tranche A Term Loans of another Type (as provided in Section 2.092.09 hereof) or Continue Tranche A Term Loans of one Type as Tranche A Term Loans of the same Type (as provided in Section 2.092.09 hereof). Each Tranche A Term Loan shall be made by a Tranche A Term Loan Lender pro rata based on such Lender's Tranche A Term Loan Commitment Percentage. The aggregate sum Amounts prepaid or repaid in respect of the amount of the Tranche A Term Loans made on the Closing Date and the Deferred Drawdown Date shall may not exceed the be reborrowed. Proceeds of Tranche A Term Loan Commitments or, with respect to Loans hereunder shall be available for any Lender, its Tranche A Term Loan Commitmentuse permitted under Section 8.16(a) hereof.

Appears in 1 contract

Samples: Credit Agreement (Mediacom Capital Corp)

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Tranche A Term Loans. Each Tranche A Term Loan Lender severally agrees, on the terms and conditions of this Agreement, to make a term loan loans to Borrower the Borrowers in Dollars on in up to three drawings at any time during the period from and including the Closing Date through and on including the Deferred Drawdown date (the "Tranche A Term Loan Commitment Expiration Date") 100 days after the Closing Date (provided that if such date is not a Business Day, the Tranche A Term Loan Commitment Expiration Date shall be the next succeeding Business Day) in an aggregate principal amount equal up to but not exceeding the amount of the Tranche A Term Loan Commitment of such Lender (of which not less than 20% shall be funded on the Closing Date and the remainder shall be funded on the Deferred Drawdown Date), such loan to be used to finance the Transactions and to pay related fees and expensesLender. Subject to the terms and conditions of this Agreement, on the date of such drawing, the Borrowers may borrow the Tranche A Term Loan Commitments by means of Base Rate Loans and Eurodollar Loans, and thereafter Borrower the Borrowers may Convert Tranche A Term Loans of one Type into Tranche A Term Loans of another Type (as provided in Section 2.092.09 hereof) or Continue Tranche A Term Loans of one Type as Tranche A Term Loans of the same Type (as provided in Section 2.092.09 hereof). Each Tranche A Term Loan shall be made by a Tranche A Term Loan Lender pro rata based on such Lender's Tranche A Term Loan Commitment Percentage. The aggregate sum Amounts prepaid or repaid in respect of the amount of the Tranche A Term Loans made on the Closing Date and the Deferred Drawdown Date shall may not exceed the be reborrowed. Proceeds of Tranche A Term Loan Commitments or, with respect to Loans hereunder shall be available for any Lender, its Tranche A Term Loan Commitment.use permitted under Section 8.16(a) hereof. Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Mediacom Communications Corp)

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