Term A Loan Commitment means, as to any Lender, its Term A Loan Commitment as set forth on Schedule 1 attached hereto and made a part hereof. The Borrower and the Lenders acknowledge and agree that the Term A Loan Commitments of the Lenders aggregate $50,000,000 on the Closing Date.
Lender agrees to make (a) a Term A Loan to Borrower on the Closing Date in an amount equal to the Term A Loan Commitment as of the Closing Date, and (b) a Term B Loan to Borrower on the Closing Date in an amount equal to the Term B Loan Commitment as of the Closing Date.
Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the Term A Loan) to the Borrower on the Commitment Effective Date in an amount not to exceed such Lenders Term A Loan Commitment.
The Loans of each Lender shall be evidenced by a separate Note with respect to such Lenders Term A Loan Commitment and such Lenders Term B Loan Commitment, with appropriate insertions, payable to the order of such Lender in a face principal amount equal to the sum of the principal amount of such Lenders Term A Loan and such Lenders Term B Loan Commitment.
Each Lender's Term A Loans and the obligation of the Borrowers to repay such Term A Loans shall be evidenced by a Term A Note, payable to the order of such Lender representing the Borrowers' obligation to pay such Lender's Term A Loan Commitment in accordance with the terms hereof.
On the terms and subject to the conditions contained in this Agreement, each Term A Loan Lender agrees to make a loan (each, a Term A Loan) in Dollars to the Borrower on the Restatement Date, in an amount not to exceed such Lenders Term A Loan Commitment.