Funding of the Term Loan. Subject to the terms and conditions set forth herein, each Lender agrees to fund its portion of the Term Loan in the full amount of its Term Loan Commitment on the Closing Date. Principal amounts of the Term Loan that have been repaid or prepaid may not be reborrowed.
Funding of the Term Loan. Subject to the terms and conditions set forth herein, the Lender agrees to fund the full amount of the Term Loan at the Effective Time. Principal amounts of the Term Loan that have been repaid or prepaid may not be reborrowed.
Funding of the Term Loan. Subject to the terms and conditions of this Agreement, upon receipt by the Administrative Agent of each Lender’s Applicable Percentage of the proceeds of the Term Loan, such proceeds will be made available to the Borrowers on the Funding Date, to be disbursed by the Administrative Agent (or its counsel) in like funds as received by the Administrative Agent from the Lenders to RBS Citizens to refinance the existing outstanding obligations of the Borrowers to RBS Citizens under the Existing Loan Facilities. Except as provided below, the Term Loan will initially be a LIBOR Rate Loan provided that at least three (3) Business Days prior to the Closing Date the Borrowers deliver to the Administrative Agent an Initial Notice of Borrowing for a Term Loan (in the form attached hereto as Exhibit 3.3) (“Initial Notice of Borrowing”) and a funding indemnity letter, substantially in the form of Exhibit 3.3(i), reasonably acceptable to the Administrative Agent. If the funding indemnity letter is not so delivered to the Administrative Agent, then the Term Loan will initially be an Alternate Base Rate Loan. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans (to the extent applicable) at its Domestic Lending Office. Amounts repaid or prepaid on the Term Loan may not be reborrowed.
Funding of the Term Loan. The obligation of the Lenders to make the Term Loan shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 13.02):
Funding of the Term Loan. The Lender shall make the Term Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds, by 12:00 noon, New York City time, to an account of the Borrower and most recently designated by the Borrower for such purpose to the Lender.
Funding of the Term Loan. On the Funding Date, subject to the terms and conditions of this Agreement, the proceeds of the Term Loan shall be disbursed by the Lender (or its counsel) to (i) the Lender to refinance the existing outstanding obligations of the Borrowers to the Lender under a term loan and development line of credit; (ii) T. Xxxxxxx Xxxxxx and Xxxxx X. Xxxxxx as the sellers of 100% of the membership interests in the Xxxxxx Group, L.L.C., a Michigan limited liability company (being acquired by AMC Wings, Inc.), the owner of the Clinton Township Property in accordance with the Membership Purchase Agreement and in accordance with a settlement statement in form and substance satisfactory to the Lender; and (iii) to the Xxxxxxx Entities in connection with the purchase of the assets of 9 Buffalo Wild Wings Restaurants in accordance with the terms of the Xxxxxxx APA, and in accordance with a settlement statement satisfactory to the Lender. Unless otherwise prohibited by this Agreement, the Term Loan shall initially be classified as a LIBOR Rate Loan.
Funding of the Term Loan. The obligation of the Lenders to make the Term Loan became effective on the date in August 2014 on which each of the following conditions were satisfied (or waived in accordance with Section 13.02):
Funding of the Term Loan. Lender shall make the Term Loan to be made by it hereunder on the proposed date thereof available to Borrowers by promptly crediting the amounts in immediately available funds, to the Funding Account.
Funding of the Term Loan. Subject to the terms and conditions set forth herein, each Term Loan Lender agrees to retain its portion of the Term Loan outstanding under the Prior Credit Agreement in Dollars in the full amount of its Term Loan Commitment at the Effective Time. Subject to the terms and conditions set forth herein in Amendment No. 4, each Lender shall make an additional Term Loan to the Borrower so that the aggregate amount of the Term Loan as of the Term Amendment Effective Time shall be increased to the amount of such Term Lender’s Term Loan Commitment as of the Term Amendment Effective Time. From and after the Term Amendment Effective Time, all references to the Term Loan shall refer to the Term Loan as so increased. Principal amounts of the Term Loan that have been repaid or prepaid may not be reborrowed.
Funding of the Term Loan. Subject to the terms and conditions hereof, including, without limitation, Section 3.2, Bank has agreed to make a term loan (the “Term Loan”) to Borrowers in the amount of Ten Million Dollars ($10,000,000). Bank shall make the proceeds of the Term Loan available to Borrowers pursuant to written disbursement instructions provided to Bank by Borrowers.
