Original Term Loan Commitments definition
Examples of Original Term Loan Commitments in a sentence
Subject to the terms of this Agreement, the Lenders make available to the Borrowers a term loan facility in an aggregate amount equal to the Total Original Term Loan Commitments.
The Original Term Loan Commitments terminated when the Original Term Loans were made on the Original Closing Date.
Company may make only one borrowing under the Original Term Loan Commitments on the Closing Date, and only one borrowing under the Additional Term Loan Commitments on or about the Second Amendment Effective Date.
The amount of each Lender’s Term Loan Commitment shall be set forth in the Register and the aggregate amount of Term Loan Commitments is $146,000,000 (consisting of Original Term Loan Commitments in the aggregate amount of $54,500,000, plus Additional Term Loan Commitments in the aggregate amount of $91,500,000; provided that the Term Loan Commitments of each Lender shall be adjusted to give effect to any assignments of such Term Loan Commitments pursuant to subsection 10.1B.
Prior to the Effective Date, the Administrative Agent shall have obtained Original Revolving Loan Commitments from Lenders in an aggregate amount of at least One Hundred Forty-Five Million Dollars ($145,000,000) and Original Term Loan Commitments from Lenders in an aggregate amount of at least One Hundred Seventy-Five Million Dollars ($175,000,000).
Any portion of the Aggregate Original Term Loan Commitments that remains undisbursed after the initial disbursement under the Original Term Loan Facility shall be reduced to zero and cancelled on the date of such initial disbursement.
On the Original Closing Date, the Lenders made the Original Tranche A Term Loans and the Original Tranche B Term Loans to the Company, in dollars, and upon the making of such Loans the Original Term Loan Commitments terminated.
On or about April 16, 1998, term loans in the aggregate principal amount of $85,000,000 were made available to the Borrower by the Banks (herein, the "Original Term Loan Commitments") and are currently owing to the Banks in the amounts set forth on Schedule I attached hereto (individually an "Original Term Loan" and collectively the "Original Term Loans").
Once reduced in accordance with this Section, the Aggregate Original Term Loan Commitments or Aggregate Additional Term Loan Commitments, as applicable, may not be increased.
Subject to and in reliance upon the terms, conditions, representations, and warranties in the Loan Documents, each Lender severally, but not jointly, agrees to make Original Term Loans to Borrower in a single disbursement on the Restatement Date in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Pro Rata Share of the Aggregate Original Term Loan Commitments.