Term A Commitments Sample Clauses

Term A Commitments. (a) After the Term A Reset Date, the Borrower may, at any time but in any event not more than once in any three month period prior to the first anniversary of the Amendment No. 2 Effective Date, by notice to the Lead Arranger, request that the Aggregate Term A Commitment be increased by an amount of $10,000,000 or an integral multiple of $5,000,000 in excess thereof (each a "Term A Commitment Increase") to be effective as of a date (the "Term A Increase Date") as specified in the related notice to the Lead Arranger; provided, however that (i) in no event shall the Aggregate Term A Commitment be more than $100,000,000 and (ii) on the date of any request by the Borrower for a Term A Commitment Increase and on the related Increase Date, the conditions set forth in Section 4.2 shall be satisfied. (b) The Lead Arranger shall promptly notify such banks and other entities as it shall identify of a request by the Borrower for a Term A Commitment Increase, which notice shall include (i) the proposed amount of such requested Term A Commitment Increase, (ii) the proposed Increase Date and (iii) the date by which such banks or other entities wishing to participate in the Term A Commitment Increase must commit to such increase in the Term A Commitments (the "Term A Commitment Date"). The requested Term A Commitment Increase shall be allocated among the banks and other entities willing to participate therein in such amounts as are agreed between the Borrower and the Lead Arranger. (c) Promptly following each Term A Commitment Date, the Lead Arranger shall notify the Borrower and the Agent as to the amount, if any, by which the banks and other entities are willing to participate in the requested Term A Commitment Increase; provided, however, that the Term A Commitment of each such bank or other entity shall be in an amount of $2,000,000 or an integral multiple thereof. (d) On each Term A Increase Date, each bank or other entity that is not prior to such date a Lender hereunder and accepts an offer to participate in a requested Term A Commitment Increase in accordance with Section 2.22(c) (each such bank or other entity, an "Assuming Term A Lender") shall become a Lender party to this Agreement as of such Term A Increase Date and the Term A Commitment of each bank or other entity that prior to such date is a Lender and accepts an offer to participate in such requested Commitment Increase (an "Increasing Term A Lender") shall be so increased by such amount as of such Term ...
View SourceView Similar (2)
Term A Commitments. In a single Borrowing on the Closing Date, each Term A Lender agrees that it will make term loans (relative to such Lender, its "Term A Loans") to the Borrower equal to such Lender's Term A Percentage of the aggregate amount of the Borrowing of Term A Loans requested by the Borrower to be made on such day, provided that (a) the aggregate principal amount of all Term A Loans outstanding at any time from all Term A Lenders shall not exceed the Term A Facility and (b) the aggregate principal amount of all Term A Loans outstanding at any time from any Term A Lender shall not exceed its Term A Percentage of the Term A Facility. No amounts paid or prepaid with respect to Term A Loans may be reborrowed.
View Source
Term A Commitments. (a) Subject to the terms and conditions hereof, each U.S. Term A Lender severally agrees to make a term loan (a “U.S. Term A Loan”) to the U.S. Borrower on the Restatement Effective Date in Dollars in an amount not to exceed the amount of the Term A Commitment of such Lender. The U.S. Term A Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the U.S. Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12.
View Source
Term A Commitments. Subject to the terms and conditions hereof, each Term A Lender severally agrees to make a Term A Loan to the Borrowers on the Closing Date in an amount equal to the amount of the Term A Commitment of such Lender. Term A Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrowers and notified to the Administrative Agent in accordance with Sections 2.2 and 2.13.
View Source
Term A Commitments. Subject to the terms and conditions of this Agreement, each Bank severally agrees to make an advance of funds to the Borrower in the amount of its Term A Commitment on the Closing Date. The Borrower may establish Prime Rate Accounts or Libor Accounts thereunder and, until the Term A Termination Date, the Borrower may Continue Libor Accounts established under the Term A Loan or Convert Accounts established under the Term A Loan of one Type into Accounts of another Type. Accounts of each Type established under the Term A Loans made by each Bank shall be made and maintained at such Bank's Applicable Lending Office for Accounts of such Type.
View Source

Related to Term A Commitments

  • Term Commitments Subject to the terms and conditions hereof, each Term Lender severally agrees to make a term loan (a “Term Loan”) to the Borrower on the Closing Date in an amount not to exceed the amount of the Term Commitment of such Lender. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12.

  • Loan Commitments (i) Subject to the terms and conditions hereof, each Lender with an Initial Tranche A Term Loan Commitment severally agrees to make, on the Closing Date, one or more term loans (each, an “Initial Tranche A Term Loan”) to the Borrower in Dollars in an amount equal to such Lender’s Initial Tranche A Term Loan Commitment. The Borrower may make only one borrowing under the Initial Tranche A Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a)(i) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.12, all amounts owed hereunder with respect to the Initial Tranche A Term Loans shall be paid in full no later than the Maturity Date applicable to such Initial Tranche A Term Loans. Each Lender’s Initial Tranche A Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Initial Tranche A Term Loan Commitment on such date. (ii) Subject to the terms and conditions hereof, each Lender with an Initial Tranche B Term Loan Commitment severally agrees to make, on the Closing Date one or more term loans (each, an “Initial Tranche B Term Loan”) to the Borrower in Dollars in an amount equal to such Lender’s Initial Tranche B Term Loan Commitment. The Borrower may make only one borrowing under the Initial Tranche B Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a)(ii) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.12, all amounts owed hereunder with respect to the Initial Tranche B Term Loans shall be paid in full no later than the Maturity Date applicable to such Initial Tranche B Term Loans. Each Lender’s Initial Tranche B Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Initial Tranche B Term Loan Commitment on such date.

  • Term Loan Commitments Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender severally agrees to make a term loan (the “Term Loan”) to the Borrower on the Closing Date in such principal amount as the Borrower shall request up to, but not exceeding such Lender’s Term Loan Commitment.

  • Term Loan Commitment As to each Term Loan Lender, the amount equal to such Term Loan Lender’s Term Loan Commitment Percentage of the aggregate principal amount of the Term Loans from time to time outstanding to the Borrower.

  • Revolving Commitments (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time on any Business Day during the Commitment Period, at such times as the Borrower may request in accordance with Section 2.2, in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Applicable Percentage of the aggregate principal amount of Swingline Loans then outstanding, does not exceed the amount of such Lender’s Commitment; provided, however, that (i) no Revolving Loan shall be made to the extent the aggregate unpaid principal amount of all Loans would exceed the Total Commitments, (ii) no Borrowing Base A Loans shall be made to the extent that the aggregate unpaid principal amount of all Borrowing Base A Loans would exceed the aggregate Loan Value of the Pledged Eligible Assets (including the Pledged Eligible Assets referred to in Section 2.2(a)(ii) with respect to such Revolving Loan) and (iii) no Borrowing Base B Loans shall be made to the extent that the aggregate amount of all Borrowing Base B Loans would exceed the Borrowing Base B Limit; provided further that Borrowing Base B Loans may not be borrowed on any date in any rolling period of 90 consecutive days if Borrowing Base B Loans have already been outstanding for 30 days during such period. During the Commitment Period, the Borrower may borrow, prepay the Revolving Loans in whole or in part, and reborrow, all in accordance with the terms and conditions hereof. (b) The Borrower shall repay all outstanding Revolving Loans on the Termination Date. (c) The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.