Upon the occurrence of any event described in clause (b) or (c), the Term A Loan Commitments shall terminate automatically and without any further action.
The Term A Loans shall be advanced in a single Borrowing on the Closing Date and shall be made ratably by the Lenders in proportion to their respective Term A Loan Percentages, at which time the Term A Loan Commitments shall expire.
The Term A Loan Lenders severally, and not jointly, agree, ratably in accordance with their respective Term A Loan Commitments, and on the terms and conditions hereinafter set forth (including subject to the satisfaction (or waiver) of the conditions precedent set forth in ARTICLE V hereof), to make a Loan (collectively, the "Term A Loan") to the Borrowers on the Effective Date in the aggregate principal amount of $60,000,000.
As of the Closing Date, the aggregate outstanding principal amount of Term A Loans is $50,000,000, which Term A Loans continue as outstanding obligations under this Agreement ratably held by each Lender in proportion to their respective Term A Loan Commitments.
The Term A Loan Commitments are $25,000,000 as of the date hereof.