Common use of Tranche A Commitment Clause in Contracts

Tranche A Commitment. (a) From time to time on any Business Day during the period from and after the Effective Date to the earlier to occur of (x) Tranche A Availability Termination Date and (y) any Commitment Termination Date relating to all Commitments or to the Tranche A Commitment, the Lender will make Tranche A Loans to the Borrower equal to the amount of the Tranche A Loan requested by the Borrower to be made on such day in the applicable Borrowing Request therefor. On the terms and subject to the conditions of this Agreement, the Borrower may from time to time borrow, prepay and reborrow Tranche A Loans. (b) On the terms and subject to the conditions of this Agreement, the Lender agrees to convert the aggregate unpaid principal amount of the Tranche A Loans outstanding at the opening of business on the Tranche A Availability Termination Date to a Term Loan, PROVIDED that (i) no Event of Default has occurred and is continuing at that time and (ii) the Borrower has provided a certificate to the Lender to that effect. Once repaid or prepaid, such Term Loan may not be reborrowed.

Tranche A Commitment. (a) From time to time on any Business Day during the period from and after the Effective Date to the earlier to occur of (x) Tranche A Availability Termination Date and (y) any Commitment Termination Date relating to all Commitments or to the Tranche A Commitment, the Lender will make Tranche A Loans to the Borrower equal to the amount of the Tranche A Loan requested by the Borrower to be made on such day in the applicable Borrowing Request therefor. On the terms and subject to the conditions of this Agreement, the Borrower may from time to time borrow, prepay and reborrow Tranche A Loans. (b) On the terms and subject to the conditions of this Agreement, the Lender agrees to convert the aggregate unpaid principal amount of the Tranche A Loans outstanding at the opening of business on the Tranche A Availability Termination Date to a Term Loan, PROVIDED that (i) no Event of Default has occurred and is continuing at that time time, (ii) the representations and warranties of the Borrower and its Subsidiaries made and given in the Loan Documents are true and correct and (iiiii) the Borrower has provided a certificate to the Lender to that effect. Once repaid or prepaid, such Term Loan may not be reborrowed.