Term A-3 Loans Sample Clauses

Term A-3 Loans. The European Borrower shall repay to the Term A-3 Lenders the aggregate principal amount of all Term A-3 Loans outstanding on the following dates in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05): Date Amount The last Business Day of each of the first four fiscal quarters of Parent occurring after the first anniversary of the Closing Date 1.25% of the aggregate principal amount of Term A-3 Loans incurred on the Closing Date and the Acquisition Funding Date The last Business Day of each of the first four fiscal quarters of Parent occurring after the second anniversary of the Closing Date 3.75% of the aggregate principal amount of Term A-3 Loans incurred on the Closing Date and the Acquisition Funding Date The last Business Day of each of the first four fiscal quarters of Parent occurring after the third anniversary of the Closing Date 5.00% of the aggregate principal amount of Term A-3 Loans incurred on the Closing Date and the Acquisition Funding Date The last Business Day of each of the first three fiscal quarters of Parent occurring after the fourth anniversary of the Closing Date 15.00% of the aggregate principal amount of Term A-3 Loans incurred on the Closing Date and the Acquisition Funding Date provided, however, that the final principal repayment installment of the Term A-3 Loans shall be repaid on the Maturity Date for the Term A-3 Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term A-3 Loans outstanding on such date.
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Term A-3 Loans. On the terms and subject to the conditions of this Agreement (including Article V), each Term A-3 Loan Lender severally agrees to make, on the Effective Date, one loan (each, a “Term A-3 Loan” and, collectively for all the Term A-3 Loan Lenders, the “Term A-3 Loans”) to the Borrower in such principal amount equal to the lesser of (A) such Lender’s Term A-3 Loan Commitment and (B) such Lender’s Percentage of the aggregate amount of the Borrowing of Term A-3 Loans requested by the Borrower to be made on the Effective Date. Amounts outstanding under the Term A-3 Loan that are repaid or prepaid may not be reborrowed. The proceeds of all Term A-3 Loans shall be used solely for the purposes described in Section 4.10(a).
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Term A-3 Loans. (i) Subject to the terms and conditions set forth herein, each Term A-3 Lender severally agrees to make a single loan to the Borrowers on the Restatement Effective Date in Dollars in an amount not to exceed such Term A-3 Lender’s Term A-3 Commitment; provided that after giving effect to any such Borrowing, (x) the aggregate Outstanding Amount of all Term A-3 Loans shall not exceed $200,000,000, subject to increase as provided in Section 2.16, and (y) the Outstanding Amount of all Term A-3 Loans made by any Term A-3 Lender shall not exceed such Term A-3 Lender’s Term A-3 Commitment.
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Term A-3 Loans. The Company shall pay to the Administrative Agent, for the account of the Term A-3 Lenders, the aggregate unpaid principal amount of the Term A-3 Loans on the Termination Date for the Term A-3 Facility (or such earlier date on which the Term A-3 Loans become due and payable pursuant to Section 9).
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Term A-3 Loans. (A) The Term A-3 Loan Lenders previously fully advanced Term A-3 Loans to the Borrower on the Effective Date pursuant to the terms of this Agreement. The outstanding principal balance of the Term 46267678.11 A-3 Loans as of the Fifth Amendment Effective Date is $68,618,604.00. Amounts outstanding under the Term A-3 Loan that are repaid or prepaid may not be reborrowed; provided, that during the Term A-3 Loan Availability Period, the Borrower may prepay the Term A-3 Loans with Net Real Property Disposition Proceeds from the Bandon Sale (as defined in the Fifth Amendment) and subsequently reborrow Term A-3 Loans in accordance with clauses (B) through (D) below.
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Term A-3 Loans. Subject to the terms and conditions set forth herein, each Term A-3 Loan Lender severally agrees to make a Term A-3 Loan to the Borrower on the First Amendment Effective Date in an aggregate principal amount equal to such Term A-3 Loan Lender’s Term A-3 Loan Commitment. Notwithstanding the foregoing, if the total Term A-3 Loan Commitment as of the First Amendment Effective Date is not drawn on the First Amendment Effective Date, the undrawn amount shall automatically be cancelled.
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Term A-3 Loans. (i) Subject to the terms and conditions set forth herein, each Term A-3 Lender severally agrees to make a single loan to the Borrowers on the Restatement Effective Date in Dollars in an amount not to exceed such Term A-3 Lender’s Term A-3 Commitment.
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Related to Term A-3 Loans

  • Term Loans Subject to the terms and conditions of this Agreement, on the Closing Date, each Lender then party to this Agreement severally (and not jointly) made a term loan to Borrowers (collectively, the “Existing Term Loans”) in an amount equal to $20,000,000. Subject to the terms and conditions of this Agreement and the First Amendment, on the First Amendment Effective Date, each Lender severally (and not jointly) agrees to make an additional term loan to Borrowers (collectively, the “First Amendment Term Loans”) in an amount equal to such Lxxxxx’s Term Loan Commitment, such that after giving effect to the First Amendment on the First Amendment Effective Date, the aggregate principal amount of the Term Loans hereunder shall be $40,000,000. Subject to the terms and conditions of this Agreement and the Second Amendment, on the Second Amendment Effective Date, each Lender severally (and not jointly) agrees to make an additional term loan to Borrowers (collectively, the “Second Amendment Term Loans,” and together with the Existing Term Loan and the First Amendment Term Loans, collectively, the “Term Loans”), in an amount equal to such Lxxxxx’s Term Loan Commitment, such that after giving effect to the Second Amendment on the Second Amendment Effective Date, the aggregate principal amount of the Term Loans hereunder shall be $60,000,000. All Term Loans shall be made in and repayable in Dollars. Amounts repaid in respect of Term Loans may not be reborrowed, and upon each Lender’s making of the Second Amendment Term Loans on the Second Amendment Effective Date, any then outstanding Term Loan Commitment of such Lender shall be terminated (it being understood and agreed that the initial Term Loan Commitments of $20,000,000, under and as defined in this Agreement as in effect on the Closing Date, were reduced to $0 upon the funding of the Existing Term Loans on the Closing Date and the Term Loan Commitments of $20,000,000, under and as defined in this Agreement as in effect on the First Amendment Effective Date, were reduced to $0 upon the funding of the First Amendment Term Loans on the First Amendment Effective Date).

  • Incremental Loans Any Incremental Term Loans or Incremental Revolving Commitments effected through the establishment of one or more new term loans or new revolving credit commitments, as applicable, made on an Incremental Facility Closing Date (other than a Loan Increase) shall be designated a separate Class of Incremental Term Loans or Incremental Revolving Commitments, as applicable, for all purposes of this Agreement. On any Incremental Facility Closing Date on which any Incremental Term Commitments of any Class are effected (including through any Term Loan Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Term Lender of such Class shall make a Loan to the Borrower (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (ii) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto. On any Incremental Facility Closing Date on which any Incremental Revolving Commitments of any Class are effected through the establishment of one or more new revolving credit commitments (including through any Revolving Commitment Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Revolving Lender of such Class shall make its Commitment available to the Borrower (when borrowed, an “Incremental Revolving Loan” and collectively with any Incremental Term Loan, an “Incremental Loan”) in an amount equal to its Incremental Revolving Commitment of such Class and (ii) each Incremental Revolving Lender of such Class shall become a Lender hereunder with respect to the Incremental Revolving Commitment of such Class and the Incremental Revolving Loans of such Class made pursuant thereto.

  • Term Loan Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Term Loan Lender severally, but not jointly, agrees to make available to the Borrower (through the Administrative Agent) on the Closing Date such Term Loan Lender’s Term Loan Commitment Percentage of a term loan in Dollars (the “Term Loan”) in the aggregate principal amount of FORTY-FOUR MILLION SEVEN HUNDRED FIFTY THOUSAND DOLLARS ($44,750,000) (the “Term Loan Committed Amount”) for the purposes hereinafter set forth. Upon receipt by the Administrative Agent of the proceeds of the Term Loan, such proceeds will then be made available to the Borrower by the Administrative Agent by crediting the account of the Borrower on the books of the office of the Administrative Agent specified in Section 9.2, or at such other office as the Administrative Agent may designate in writing, with the aggregate of such proceeds made available to the Administrative Agent by the Term Loan Lenders and in like funds as received by the Administrative Agent (or by crediting such other account(s) as directed by the Borrower). The Term Loan may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request; provided, however, that the Term Loan made on the Closing Date or any of the two (2) Business Days following the Closing Date, may only consist of Alternate Base Rate Loans unless the Borrower delivers a funding indemnity letter, substantially in the form of Exhibit 2.1(a), reasonably acceptable to the Administrative Agent not less than three (3) Business Days prior to the Closing Date. LIBOR Rate Loans shall be made by each Term Loan Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office. Amounts repaid or prepaid on the Term Loan may not be reborrowed.

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