Initial Term A Lender definition
Examples of Initial Term A Lender in a sentence
Subject to the terms and conditions of this Agreement, each Initial Term A Lender with an Initial Term A Loan Commitment severally and not jointly agrees to make a term loan denominated in Dollars to the Parent Borrower in one single installment on the Closing Date in an aggregate principal amount not to exceed such Initial Term A Lender’s Initial Term A Loan Commitment.
Subject to the terms and conditions set forth herein, each Initial Term A Lender severally agrees to make Initial Term A Loans to the Borrower on the Closing Date in an amount not to exceed such Term Lender’s Initial Term A Loan Commitment.
Notwithstanding the foregoing, the Contractor has primary responsibility for safety and security at the Site.
The Additional Term B Commitment of the Additional Term B Lender and the Term A Commitment of the Initial Term A Lender shall be automatically and permanently reduced to $0 upon the funding of Term B Loans and Term A Loans to be made by such respective Lenders on the Amendment No. 1 Effective Date or if the Amendment No. 1 Effective Date does not occur on or prior to 5:00 p.m. (New York, New York time) on the date of Amendment No. 1.
The Administrative Agent shall notify the Parent Borrower, the Initial Term A Lender, the Initial Revolving Credit Lenders and the LC Issuers of the Third Amendment Effective Date and such notice shall be conclusive and binding.
In addition, on the last day of the Initial Term A Availability Period (after giving effect to any incurrence of Initial Term A Loans on such day), the Initial Term A Loan Commitment of each Initial Term A Lender shall terminate (to the extent not theretofore terminated).
Each Initial Term A Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a “Term A Advance”) to the Borrower on the Initial Funding Date in an amount equal to such Lender’s Term A Commitment at such time.
On each date of incurrence of any Initial Term A Loans (and after giving effect to the incurrence thereof), the Initial Term A Loan Commitment of each Initial Term A Lender shall be reduced by the aggregate principal amount of the Initial Term A Loan made by such Initial Term A Lender on such date.
Each Initial Term A Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a “Term A Advance”) to the Borrower on the Closing Date in an amount equal to such Lender’s Term A Commitment at such time.
Subject to the terms and conditions hereof, and relying upon the representations and warranties of the Loan Parties set forth herein and in the other Loan Documents, each Initial Term A Lender severally agrees to make Initial Term A Loans to the Borrower in Dollars in a single advance on the First Restatement Effective Date in an amount not to exceed such Initial Term A Lender’s Initial Term A Loan Commitment.