The Term Loan A under the Term Loan A Facility will be made, in Bank's good faith discretion, to Borrower with respect to its eligible machinery and equipment in an amount of up to the lesser of (i) Two Million Six Hundred Eighty Thousand Dollars ($2,680,000) and (ii) an amount equal to seventy-five percent (75%) of the orderly liquidation value of Borrower's owned machinery and equipment on the Effective Date.
No amount of the Term Loan A repaid or prepaid by the Borrower may be reborrowed hereunder, and no subsequent advance under the Term Loan A Facility shall be allowed after the initial such advance of the Term Loan A on the Closing Date.
If reasonably requested by JPMS, you agree to actively assist JPMS in achieving a syndication of the Term Loan A Facility and the Revolving Credit Facility that is reasonably satisfactory to JPMS.
The commitments of the Initial Lenders in respect of the Term Loan A Facility and the Revolving Credit Facility and the undertaking of the Lead Arrangers to provide the services described herein are subject solely to the satisfaction of each of the conditions precedent set forth in Section 5 herein and in Annex II hereto.
Each LIBOR Loan must be made under the Term Loan A Facility, the Term Loan B Facility or the Revolving Loan Facility, but may not be made under more than one concurrently.