Common use of Closing Date Advance Clause in Contracts

Closing Date Advance. Subject to the terms and conditions set forth herein and relying upon the representations and warranties of the Loan Parties set forth herein and in the other Loan Documents, each Term Loan A-1 Lender severally agrees to make a term loan (collectively, the “Term Loan A-1”) to the Borrower on the Closing Date in an aggregate principal amount not to exceed the amount of such Term Loan A-1 Lender’s Commitment; provided, however, that the amount of such Term Loan A-1 to be advanced on the Closing Date shall not exceed the difference of (A) the aggregate Term Loan A-1 Commitments minus (B) the Rollover Loan. The Borrower may not prepay under Section 2.03 and reborrow under this Section 2.

Appears in 1 contract

Sources: Credit Agreement (Telephone & Data Systems Inc /De/)

Closing Date Advance. Subject to the terms and conditions set forth herein and relying upon the representations and warranties of the Loan Parties set forth herein and in the other Loan Documents, each Term Loan A-1 Lender severally agrees to make a term loan (collectively, the “Term Loan A-1”) to the Borrower on the Closing Date in an aggregate principal amount not to exceed the amount of such Term Loan A-1 Lender▇▇▇▇▇▇’s Commitment; provided, however, that the amount of such Term Loan A-1 to be advanced on the Closing Date shall not exceed the difference of (A) the aggregate Term Loan A-1 Commitments minus (B) the Rollover Loan. The Borrower may not prepay under Section 2.03 and reborrow under this Section 2.

Appears in 1 contract

Sources: Credit Agreement (Telephone & Data Systems Inc /De/)