Agreement to Make Loans. Subject to the terms and conditions set forth herein, each Lender (severally, not jointly or jointly and severally) agrees to make Loans to the Borrower on the Effective Date in an amount equal to the amount specified opposite such Lender’s name on Schedule 1.01(b) and, in the case of any Assuming Lender or Increasing Lender, on any Term Loan Increase Date in an amount equal to the amount specified opposite such Lender’s name on Schedule 1.01(b) (as amended pursuant to Section 2.06). Amounts prepaid or repaid in respect of any Loans may not be reborrowed. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that no Lender shall be responsible for any other Lender’s failure to make Loans as required.
Agreement to Make Loans. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower on the Effective Date in an amount equal to the amount specified opposite such Lender’s name on Schedule 1.01(b) and, in the case of any Assuming Lender or Increasing Lender, on any Term Loan Increase Date in an amount equal to the amount specified opposite such Lender’s name on Schedule 1.01(b) (as amended pursuant to Section 2.06). Amounts prepaid or repaid in respect of any Loans may not be reborrowed.
Agreement to Make Loans. Subject to the terms and conditions hereof, and provided no Default (as defined in Section 8), or event which with the passing of time or giving of notice or both would constitute a Default, has occurred and is continuing, Lender agrees to advance to Borrower, on the date hereof the amount of four million, fifty thousand ($4,050,000.00) U.S. Dollars, and, upon five (5) days written notice, from time to time hereafter until close of business on the Cut-Off Date to make such additional advances in such amounts as Borrower may request, but limited in all events in the aggregate to the Maximum Loan Commitment amount stated in the Loan Schedule. (Each day on which a loan is made is hereinafter referred to as a "Funding Date", each advance a "Loan Funding".) Lender shall not be required or obligated to make any Loan Funding if such Loan Funding, when added to all previous Loan Fundings, would cause Lender to advance to Borrower any sum in excess of the Maximum Loan Commitment set forth in the Loan Schedule. Lender shall have no obligation to make any Loan Funding to any person or entity other than Borrower, and shall have no obligation to make any Loan Funding to Borrower if control of Borrower shall change in any material respect. Section 3. Promissory Note(s) . (a) Each Loan Funding shall be evidenced by a separate demand Promissory Note, at such interest rate as the parties may hereafter agree, in the form of Exhibit E . (b) Subject to the terms hereof, upon the earlier of the (i) Cut-Off Date or (ii) the Funding Date on which the total Loan Fundings made as of that date total in the aggregate the Maximum Loan Commitment, Borrower shall (x) pay all unpaid interest due and owing under any Promissory Note issued pursuant hereto; and (y) execute a Consolidated Promissory Note ("Consolidated Note") in the form of Exhibit F in a principal amount equal to the aggregate amount of all Loan Fundings (Each Demand Promissory Note and the Consolidated Promissory Note shall hereinafter be referred to, individually or collectively, as the "Note(s)".) Section 4.
Agreement to Make Loans. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of Company set forth herein, each Lender severally agrees, subject to the limitations set forth below with respect to the maximum amount of Loans to lend to Company from time to time during the period from the Closing Date to but excluding the Commitment Termination Date an aggregate amount not exceeding its Pro Rata Share of the aggregate amount of the Loan Commitments to be used for the purposes identified in SUBSECTION 2.5. The original amount of each Lender's Loan Commitment is set forth opposite its name on the signature pages hereto and the aggregate original amount of the Loan Commitments is $20,000,000; PROVIDED that the Loan Commitments of Lenders shall be adjusted to give effect to any assignments of the Loan Commitments pursuant to SUBSECTION 8.1; provided further that each Lender's Loan Commitment shall be (i) reduced by the amount of that Lender's Pro Rata Share of a Loan made pursuant to the provisions hereof and (ii) reduced to each Lender's Pro Rata Share of $10,000,000 (or such lesser amount of Loan Commitments that shall be outstanding on March 31, 1998) on March 31, 1998. Each Lender's Loan Commitment shall expire on the Commitment Termination Date. Amounts borrowed under this SUBSECTION 2.1A may be prepaid pursuant to SUBSECTION 2.4, but may not be reborrowed.
Agreement to Make Loans. On the terms and subject to the conditions of this Agreement, each Bank, severally and for itself alone, agrees to make loans in respect of the prepayment of the outstanding principal amount of Loans theretofore made hereunder or in respect of the acquisition of Aircraft and Substitute Aircraft (herein collectively called "Loans" and individually each called a "Loan") on a revolving basis from time to time from the Closing Date until such Bank's Termination Date in such Bank's Percentage of such aggregate amounts as the Borrower may from time to time request as provided in Section 2.2; provided, that (a) the proceeds of each such Loan shall be used first, to prepay the outstanding principal amount of all Prior Loans made hereunder and second, to finance the purchase of one or more Aircraft or Substitute Aircraft, (b) the aggregate principal amount of all outstanding Loans of any Bank shall not at any time exceed the amount set forth opposite such Bank's name on Schedule I (as reduced in accordance with Section 4.1, Section 12.3 or Section 12.16) and (c) the aggregate principal amount of all outstanding Loans of all Banks shall not at any time exceed the amount referred to in Section 2.2(b). Within the limits of this Section 2.1, the Borrower may from time to time borrow, prepay and reborrow Loans on the terms and conditions set forth in this Agreement.
Agreement to Make Loans. As of the Restatement Effective Date, an aggregate principal amount of $171,500,000 of Term Loans is outstanding under the Existing Credit Agreement (the “Outstanding Term Loans”). On the Restatement Effective Date, (a) additional term loans will be made by Increasing Existing Lenders in an aggregate principal amount of $17,500,000 and (b) loans will be prepaid to the Exiting Lenders in an aggregate principal amount of $15,000,000. Amounts prepaid or repaid in respect of any Loans may not be reborrowed. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that no Lender shall be responsible for any other Lender’s failure to make Loans as required.
Agreement to Make Loans. The Bank (subject to the provisions of Section 2 hereof and to the terms and conditions of the Promissory Note referenced in Section 2 hereof) hereby agrees to make loans (the "Loans" and individually a "Loan") to Borrower from time to time on one or more Business Days on or prior to December 31, 1999 upon at least three Business Days' written notice to the Bank in an aggregate amount not to exceed $115,000,000, provided that each Loan shall be in an amount of at least $10,000,000 and provided further that Borrower need only 2 provide two Business Days written notice prior to the initial Loan hereunder.
Agreement to Make Loans. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in such Lender’s Credit Exposure exceeding such Lender’s Commitment then in effect by making immediately available funds available to the Administrative Agent’s designated account, not later than 11:00 a.m.; provided, however, notwithstanding anything herein to the contrary, on the Effective Date, availability hereunder shall be limited to $35,000,000, and may be increased over time pursuant to Section 2.1(b). Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.
Agreement to Make Loans. Each of the Lenders listed on the signature pages hereto under the caption “Lenders” (individually, an “Incremental Term Lender” and, collectively, the “Incremental Term Lenders”) hereby agrees, subject to satisfaction of the conditions precedent set forth in paragraph 4 of this letter (this “Amendment”), that it will, on April 2, 2012 (the “Incremental Facility Effective Date”), make Incremental Term Loans to the Borrower in the respective amounts set forth opposite its name on Schedule I hereto; provided, that each Incremental Term Lender and the Borrower hereby agree that the Incremental Term Loans shall be funded with 1% of original issue discount.
Agreement to Make Loans. Lender agrees to loan up to the Facility Amount (giving effect to the Advance) to the Company in accordance with the terms and conditions hereof. Lenders obligation to make Loans hereunder is subject to the following funding requirements:
