Loans definition
Examples of Loans in a sentence
Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto.
For the avoidance of doubt, Incremental Term Loans having identical terms to any of the other Term Loans (other than OID and/or upfront fees) may be treated as the same Class as any of such Term Loans for all purposes herein.
The Initial Term Commitments of each Term Lender shall be automatically and permanently reduced to $0 upon the funding of the Initial Term Loans to be made by such Term Lender on the Closing Date.
Subject to the terms and conditions expressly set forth herein, each Term Lender severally agrees to make to the Initial Borrower on the Closing Date one or more Term Borrowings of Initial Term Loans denominated in Dollars in an aggregate amount not to exceed at any time outstanding the amount of such Term Lender’s Initial Term Commitment.
By receiving such purchase price, the applicable Lenders shall automatically be deemed to have assigned such Loans or Commitments pursuant to the terms of an Assignment and Assumption, and accordingly no other action by such Lenders shall be required in connection therewith.