AMOUNT AND TERMS OF LOAN COMMITMENT AND LOANS; NOTES. 2.1 Initial Loan and Initial Note ----------------------------- A. Initial Loan Commitment. Subject to the terms and conditions of ----------------------- this Agreement and in reliance upon the representations and warranties of Borrower herein set forth, the Lenders hereby severally agree to lend to Borrower on the Closing Date $115,186,966.90 in the aggregate (the "Initial ------- Loan") (which Initial Loan shall, when taken together with the amounts assumed by Borrower pursuant to the New PRIMESTAR/▇▇▇▇▇▇▇▇ Assumption Agreement and the New PRIMESTAR/TWE Assumption Agreement equal an aggregate amount of $350,000,000.00), each such Lender committing severally and not jointly to lend the amount set forth next to such Lender's name on the signature pages hereto. The Lenders' commitments to make the Initial Loan to Borrower pursuant to this Section 2.1A are herein called individually, an "Initial Loan Commitment" and ----------------------- collectively, the "Initial Loan Commitments". ------------------------
Appears in 1 contract
Sources: Senior Subordinated Credit Agreement (Primestar Inc)
AMOUNT AND TERMS OF LOAN COMMITMENT AND LOANS; NOTES. 2.1 Initial Loan and Initial Note -----------------------------
A. Initial Loan Commitment. Subject to the terms and conditions of ----------------------- this Agreement and in reliance upon the representations and warranties of Borrower herein set forth, the Lenders hereby severally agree to lend to Borrower on the Closing Date $115,186,966.90 in the aggregate (the "Initial ------- Loan") (which Initial Loan shall, when taken together with the amounts assumed ---- by Borrower pursuant to the New PRIMESTAR/▇▇▇▇▇▇▇▇ Assumption Agreement and the New PRIMESTAR/TWE Assumption Agreement equal an aggregate amount of $350,000,000.00), each such Lender committing severally and not jointly to lend the amount set forth next to such Lender's name on the signature pages hereto. The Lenders' commitments to make the Initial Loan to Borrower pursuant to this Section 2.1A are herein called individually, an "Initial Loan Commitment" and ----------------------- collectively, the "Initial Loan Commitments". ------------------------
Appears in 1 contract
Sources: Senior Subordinated Credit Agreement (Primestar Inc)