Term A-1 Lender means (a) at any time on or prior to the Closing Date, any Lender that has a Term A-1 Commitment at such time and (b) at any time after the Closing Date, any Lender that holds Term A-1 Loans at such time.
Examples of Term A-1 Lender in a sentence
At the time of sending such notice, the Parent Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Lender, Term A-1 Lender, Term A-2 Lender or Term A-3 Lender, as applicable, is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the applicable Lenders).
Notwithstanding anything to the contrary contained herein, each Term A-1 Lender may, at its option, fulfill its obligations to make any Term A-1 Loan available to the Borrowers by causing any foreign or domestic branch or Affiliate of such Lender to make such Loan; provided that the exercise of such option shall not affect the obligation of the Borrowers to repay such Loan in accordance with the terms of this Agreement.
Subject to the terms and conditions set forth herein, each Term A-1 Lender severally agrees to make a single loan to the Cayman Borrower in Dollars on the Closing Date in an amount not to exceed such Lenders Term A-1 Commitment.
Subject solely to the terms and conditions set forth herein, each Term A-1 Lender severally agrees to make to the Designated Borrower 1 one Term A-1 Loan on the Closing Date in Dollars and in an aggregate principal amount equal to its Term A-1 Commitment as in effect on the Closing Date.
The Term Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the making of such Term Lenders Term Loans pursuant to Section 2.01(a) and, with respect to the Term A-1 Commitments of each Term A-1 Lender, shall be automatically and permanently reduced to $0 on January 1, 2015 if the Term A-1 Loans are not made before such date.