Common use of Loan Commitments Clause in Contracts

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company in an amount equal to such ▇▇▇▇▇▇’s Commitment. Company may make only one borrowing under the Commitment, which borrowing may only occur on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12 and 2.13, all amounts owed hereunder with respect to the Term Loans shall be Paid in Full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and fully without further action by any Person upon the funding of such ▇▇▇▇▇▇’s Commitment on the Closing Date.

Appears in 3 contracts

Sources: Credit and Guaranty Agreement (Veritone, Inc.), Credit and Guaranty Agreement (Veritone, Inc.), Credit and Guaranty Agreement (Veritone, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company Holdings in an amount equal to such ▇▇▇▇▇▇Lender’s Commitment. Company Holdings may make only one borrowing under the CommitmentCommitments, which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12 2.9 and 2.132.10, all amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such ▇▇▇▇▇▇Lender’s Commitment on the Closing Datesuch date.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (SolarWinds, Inc.), Credit and Guaranty Agreement (SolarWinds, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a Term Loan loan or loans (each a “Loan”) to Company the Borrower in an amount equal to such ▇▇▇▇▇▇Lender’s Commitment. Company The Borrower may make only one borrowing under the Commitment, Commitment which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12 and 2.13, all All amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such ▇▇▇▇▇▇Lender’s Commitment on the Closing Datesuch date.

Appears in 2 contracts

Sources: Extended Equity Bridge Credit and Guaranty Agreement (Concordia Healthcare Corp.), Two Year Equity Bridge Credit and Guaranty Agreement (Concordia Healthcare Corp.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company the Borrower in an amount equal to such ▇▇▇▇▇▇Lender’s Commitment. Company The Borrower may make only one borrowing under the Commitment, Commitment which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12 2.8, 2.9(a) and 2.132.10, all amounts owed hereunder with respect to the Term Loans shall be Paid in Full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such ▇▇▇▇▇▇Lender’s Commitment on the Closing Datesuch date.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (TiVo Corp), Credit and Guaranty Agreement (BlueLinx Holdings Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a Term an Initial Loan to the Company in an amount equal to such ▇▇▇▇▇▇Lender’s Commitment. The Company may make only one borrowing under the CommitmentCommitments, which borrowing may only occur shall be on the Closing Date. Any amount Amounts borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12 and 2.13Section 2.09, all amounts owed hereunder with respect to the Term Initial Loans shall be Paid paid in Full full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date, after giving effect to the funding of such ▇▇▇▇▇▇’s Commitment on the Closing Datesuch date.

Appears in 1 contract

Sources: Credit Agreement (NMI Holdings, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company Borrower in an amount equal to such ▇▇▇▇▇▇Lender’s Commitment. Company Borrower may make only one borrowing under the CommitmentCommitments, which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12 and 2.13, all amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Loan Maturity Date. Each Lender’s Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such ▇▇▇▇▇▇Lender’s Commitment on the Closing Datesuch date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Aeroflex Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company Borrower in an amount equal to such ▇▇▇▇▇▇Lender’s Commitment. Company Borrower may make only one borrowing under the Commitment, Commitment which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12 Section 2.9, Section 2.10(a) and 2.13Section 2.11, all amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such ▇▇▇▇▇▇Lender’s Commitment on the Closing Datesuch date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (TerraForm Power, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a Term Loan to Company one or more of the Borrowers in an amount equal to such ▇▇▇▇▇▇’s Commitment. Company The Borrowers may make only one borrowing under the CommitmentCommitments, which borrowing may only occur shall be on the Closing Date. Any amount Amounts borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12 and 2.13Section 2.06, all amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date, after giving effect to the funding of such ▇▇▇▇▇▇’s Commitment on the Closing Datesuch date.

Appears in 1 contract

Sources: Credit Agreement (Ambac Financial Group Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term an Interim Loan to Company Borrower in an amount equal to such ▇▇▇▇▇▇Lender’s CommitmentCommitments. Company Borrower may make only one borrowing under the CommitmentCommitments, which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12 2.2, 2.13(a) and 2.132.14, all amounts owed hereunder with respect to the Term Interim Loans shall be Paid paid in Full full no later than the Interim Loan Maturity Date. Each Lender’s Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such ▇▇▇▇▇▇Lender’s Commitment on the Closing Datesuch date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Aeroflex Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company in an amount equal to such ▇▇▇▇▇▇Lender’s Commitment. Company may make only one borrowing under the Commitment, Commitment which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12 2.13(a) and 2.132.14, all amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such ▇▇▇▇▇▇Lender’s Commitment on the Closing Datesuch date.

Appears in 1 contract

Sources: Second Lien Credit and Guaranty Agreement (X Rite Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company Borrower in an amount equal to such ▇▇▇▇▇▇Lender’s Commitment. Company Borrower may make only one borrowing under the Commitment, Commitment which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12 2.13(a) and 2.132.14, all amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such ▇▇▇▇▇▇Lender’s Commitment on the Closing Datesuch date.

Appears in 1 contract

Sources: Second Lien Credit and Guaranty Agreement (X Rite Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company in an amount equal to such ▇▇▇▇▇▇’s Lender's Term Loan Commitment. Company may make only one borrowing under the Commitment, Term Loan Commitment which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12 2.11 and 2.132.12, all amounts owed hereunder with respect to the Term Loans Loan shall be Paid paid in Full full no later than the Term Loan Maturity Date. Each Lender’s 's Term Loan Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such ▇▇▇▇▇▇’s Commitment Lender's Term Loan Commitment, if any, on the Closing Datesuch date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Navisite Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Company Borrower in an amount equal to such ▇▇▇▇▇▇Lender’s Commitment. Company Borrower may make only one borrowing under the Commitment, Commitment which borrowing may only occur shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12 2.10(a) and 2.132.11, all amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date after giving effect to the funding of such ▇▇▇▇▇▇Lender’s Commitment on the Closing DateCommitment.

Appears in 1 contract

Sources: Second Lien Credit and Guaranty Agreement (Movie Gallery Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a Term Loan to Company one or more of the Borrowers in an amount equal to such ▇▇▇▇▇▇’s Commitment. Company The Borrowers may make only one borrowing under the CommitmentCommitments, which borrowing may only occur shall be on the Closing Date. Any amount Amounts borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12 Section 2.05(b) and 2.13Section 2.06, all amounts owed hereunder with respect to the Term Loans shall be Paid paid in Full full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and fully without further action by any Person upon on the Closing Date, after giving effect to the funding of such ▇▇▇▇▇▇’s Commitment on the Closing Datesuch date.

Appears in 1 contract

Sources: Credit Agreement (Ambac Financial Group Inc)