Tranche C Commitment Sample Clauses

Tranche C Commitment. Subject to the terms and conditions hereof, the Lender agrees to make term loans (each, a “Tranche C Loan”) to the Borrower from time to time during the Tranche C Commitment Period in an aggregate amount not exceeding the Tranche C Commitment, provided that the GMAC Sublimit may only be utilized to borrow GMAC Loans. The Tranche C Loans may from time to time be Eurodollar Loans or, solely in the circumstances specified in Section 2.10(e) and Section 2.12,
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Tranche C Commitment. 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 C Availability Termination Date, and (y) any Commitment Termination Date relating to all Commitments or to the Tranche C Commitment, each Lender will make Tranche C Loans to the Borrowers equal to the aggregate amount of the Tranche C Loan requested by the Borrowers to be made on such day in the applicable Borrowing Request therefor. The Borrowers acknowledge that, on the Unified Closing Date, and subject to the satisfaction of each of the conditions precedent set forth in Section 6.1, the outstanding principal amount of all Loans (as defined in the Existing Agreement) set forth in Section 2.1.1 plus accrued and unpaid interest as well as certain fees and expenses, will be divided into a single Tranche C Loan in the original principal amount of $5,000,000.00 and a single Tranche A Loan in the original principal amount not to exceed $18,500,000, and any excess balance of such existing Loans shall become a Tranche B Loan.
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Tranche C Commitment. Upon the expiration of the Tranche C -------------------- Commitment Period, the Tranche C Commitments shall automatically, without action by the Company or any Purchaser, be reduced to zero; provided, that nothing contained in this Section 2.05(c) shall prevent the Company from requiring Purchasers to purchase Tranche C Notes (to the extent Purchasers would otherwise be required to do so under this Agreement) in respect of Approved Acquisitions consummated during the Tranche C Commitment Period on the Residual Tranche Closing Date.
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Tranche C Commitment. Subject to the terms and conditions of this Credit Agreement, the Tranche C Lender agrees to make available to the Borrower revolving credit loans requested by the Borrower in Dollars ("Tranche C Loans") from time to time from the Amendment No. 5 Effective Date until the Maturity Date, or such earlier date as the Tranche C Commitment shall have been terminated as provided herein; provided, however, that the sum of the aggregate principal amount of outstanding Tranche C Loans shall not exceed TWELVE MILLION DOLLARS ($12,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.6(d), the "Tranche C Committed Amount"). Tranche C Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request; provided, however, that no more than 5 Eurodollar Loans which are Tranche C Loans shall be outstanding hereunder at any time (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period. Tranche C Loans hereunder may be repaid and reborrowed in accordance with the provisions hereof.
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Tranche C Commitment. On and subject to the terms and conditions of this Agreement (including Section 3), each of the Canadian Lenders, severally and for itself alone, from time to time during the period commencing on the Canadian Acquisition Date and ending on the Commitment Termination Date agrees to (a) make loans to the Canadian Borrower on a revolving basis (the "Tranche C Loans") in such Canadian Lender's Canadian Percentage of such aggregate amount as the Canadian Borrower may from time to time request from all Canadian Lenders under the Tranche C Commitment, provided that the aggregate principal amount of all Tranche C Loans which all Canadian Lenders shall be committed to have outstanding at any one time shall not exceed an amount equal to (i) the aggregate amount of the Tranche C Commitment minus (ii) the face amount of all outstanding Tranche C Acceptances; and (b) to create bankers acceptances for the account of the Canadian Borrower (the "Tranche C Acceptances") in such Canadian 39 Lender's Canadian Percentage of the aggregate face amount of Tranche C Acceptances requested by the Canadian Borrower to be created on such day, provided that the aggregate face amount of all Tranche C Acceptances which all Canadian Lenders shall be committed to create at any one time shall not exceed an amount equal to (i) the aggregate amount of the Tranche C Commitment minus (ii) the aggregate principal amount of all outstanding Tranche C Loans.
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Tranche C Commitment. Pursuant to the Original Loan Agreement, Lenders agreed to make available one or more term loans in an aggregate principal amount of up to Ten Million Dollars ($10,000,000) (the “Tranche C Commitment”). The Tranche C Commitment expired and no advances were made pursuant thereto.
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Tranche C Commitment. Subject to the terms and conditions of this Loan Agreement, Lenders agree to advance to Borrowers (the “Tranche C Advances”, and together with the Tranche A Advances and Tranche B Advances, the “Advances”), jointly and severally, from time to time on or prior to March 31, 2009, one or more term loans in an aggregate principal amount of up to Ten Million Dollars ($10,000,000) (the “Tranche C Commitment”).
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Related to Tranche C Commitment

  • L/C Commitment (a) Subject to the terms and conditions hereof, each Issuing Lender, in reliance on the agreements of the other Lenders set forth in Section 3.4(a), agrees to issue Letters of Credit upon the request and for the account of the Borrower (and for the benefit of the Borrower or any Subsidiary of the Borrower) on any Business Day during the Revolving Commitment Period in such form as may be approved from time to time by such Issuing Lender; provided that no Issuing Lender shall issue any Letter of Credit if, (i) after giving effect to such issuance, (A) the L/C Exposure would exceed the L/C Commitment or (B) the aggregate amount of the Available Revolving Commitments would be less than zero or (C) unless otherwise agreed to by such Issuing Lender, the L/C Exposure with respect to all Letters of Credit issued by such Issuing Lender would exceed such Issuing Lender’s Specified L/C Commitment or (ii) such Issuing Lender shall have received written notice from the Administrative Agent or the Borrower, at least one Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Section 5.2 shall not have been satisfied. On the Restatement Effective Date, each Existing Letter of Credit shall be deemed to be a Letter of Credit issued hereunder for the account of the Borrower. Each Letter of Credit shall (i) be denominated in Dollars and (ii) expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the date that is five Business Days prior to the Revolving Termination Date (as it may be extended, so long as the Available Revolving Commitments of all Continuing Lenders would equal or exceed zero following such extension); provided, however, that any Letter of Credit, whether newly requested or an existing Letter of Credit that is extended or automatically renewed, may have an expiration date after the Revolving Termination Date (so long as such expiration date remains in compliance with clause (x) above) so long as the Borrower cash collateralizes such Letter of Credit at 101% of the available face amount of such Letter of Credit on or prior to the date which is five Business Days prior to the Revolving Termination Date and the Administrative Agent and the relevant Issuing Lender providing such Letter of Credit agree to such expiration date at the time such Letter of Credit or extension is requested or at the time such existing Letter of Credit is to be automatically renewed, as applicable; provided further that any Letter of Credit (other than a Letter of Credit to which Section 2.18(c)(ii) applies) with a one-year term may provide for the renewal thereof for additional one-year periods (which shall only extend beyond the date referred to in clause (y) above if the condition described in the first proviso of this sentence is satisfied). (b) No Issuing Lender shall at any time be obligated to issue any Letter of Credit if (i) any order, judgment or decree of any Governmental Authority or arbitrator having jurisdiction over the Issuing Lender shall by its terms (x) purport to enjoin such Issuing Lender from issuing such Letter of Credit, or any Requirement of Law applicable to such Issuing Lender shall prohibit such Issuing Lender from the issuance of letters of credit, generally, or such Letter of Credit, in particular or (y) impose upon such Issuing Lender with respect to any such Letter of Credit any reserve, capital or liquidity requirement (for which such Issuing Lender is not compensated hereunder or otherwise by agreement of the Borrower) not in effect on the Restatement Effective Date or impose on such Issuing Lender any loss, cost or expense (for which such Issuing Lender is not compensated hereunder or otherwise by agreement of the Borrower) which such Issuing Lender in good ▇▇▇▇▇ ▇▇▇▇▇ material to it or (ii) the issuance of such Letter of Credit would violate the legal, regulatory or compliance policies of such Issuing Lender applicable to letters of credit generally, in each case, to the extent such policies and prohibitions are implemented to comply with applicable law or regulation binding upon such Issuing Lender and are being applied with respect to the Borrower consistently with such application thereof to all similarly situated Borrowers under similar circumstances.

  • 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.

  • Term Commitment Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, (i) the Fronting Bank severally agrees, to the extent, in each case, that the Administrative Agent has received corresponding payments from other Lenders pursuant to clause (ii) below, to make available to the Borrower up to seven (7) advances of term loans in Dollars ("Delayed-Draw Term Loans") from time to time from the Closing Date until the Delayed-Draw Term Loan Commitment Termination Date and (ii) each Lender severally agrees, for the benefit of the Borrower, to purchase from the Fronting Bank such Lender's Delayed-Draw Term Loan Commitment Percentage of each such Delayed-Draw Term Loan advanced by the Fronting Bank; provided, however, that (i) the aggregate principal amount of all Delayed-Draw Term Loans shall not exceed SEVENTY-FIVE MILLION DOLLARS ($75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.4, the "Delayed-Draw Term Loan Committed Amount") and (ii) with regard to each Lender individually, such Lender shall not be required to purchase outstanding Delayed-Draw Term Loans in an aggregate amount exceeding such Lender's Delayed-Draw Term Loan Commitment Percentage of the Delayed-Draw Term Loan Committed Amount. Delayed-Draw Term Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request (subject to the terms of this Section 2.3); provided, however, that no more than ten (10) Eurodollar Loans which are Delayed-Draw Term Loans shall be outstanding hereunder at any time (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period). Amounts repaid or prepaid on the Delayed-Draw Term Loans may not be reborrowed.

  • Loan Commitment Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $209,900,000 in the aggregate (the "Loan") consisting of $104,950,000 of 7-year Tranche advances and $104,950,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "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.