Amount of Term Loans. Subject to the terms and conditions set forth in this Agreement, each Lender on the Closing Date severally and not jointly agrees to make on the Closing Date, a term loan, in Dollars, to the Borrower in an amount equal to such Lender's Term Loan Commitment (each individually, a "TERM LOAN" and, collectively, the "TERM LOANS"). All Term Loans shall be made by the Lenders on the Closing Date simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Term Loan hereunder nor shall the Term Loan Commitment of any Lender be increased or decreased as a result of any such failure.
Amount of Term Loans. Upon the satisfaction of the conditions precedent set forth in Sections 5.1, on the Transaction Closing Date, each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make a term loan to the Borrower on the Transaction Closing Date, in Dollars, in an amount not to exceed such Lender’s Commitment at such time (an “Initial Term Loan” and, together with any Additional Term Loan made pursuant to Section 2.5(b)(i), the “Term Loans”). Term Loans borrowed and repaid may not be reborrowed. The Term Loans made on the Transaction Closing Date or on or before the third (3rd) Business Day thereafter shall initially be Floating Rate Loans and thereafter may be continued as Floating Rate Loans or converted into Eurodollar Rate Loans in the manner provided in Section 2.9 and subject to the other conditions and limitations therein set forth and set forth in this Article II and set forth in the definition of Interest Period. On the Termination Date, the Borrower shall repay in full the outstanding principal balance of the Term Loans made to it.
Amount of Term Loans. Subject to the terms and ---------- -------------------- conditions set forth in this Agreement, each Term Loan Lender on the Effective Date severally and not jointly agrees to make on the Effective Date, a term loan, in Dollars to the Company and/or Gasboy in an aggregate amount equal to such Lender's Term Loan Commitment (each individually, a "TERM LOAN" and, collectively, the "TERM LOANS"). All Term Loans shall be made by the Term Loan Lenders on the Effective Date simultaneously and proportionately to their respective Term Loan Percentages, it being understood that no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Term Loan hereunder nor shall the Term Loan Commitment of any Lender be increased or decreased as a result of any such failure.
Amount of Term Loans. All Term Loans shall be made by the Lenders simultaneously in the amount of their respective Term Loan Commitment, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender's obligation to make a Term Loan hereunder nor shall any Term Loan Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender's obligation to make a Term Loan hereunder.
Amount of Term Loans. Subject to the terms and conditions set forth in the Original Credit Agreement, each Term Loan Lender party thereto on the Original Credit Agreement Effective Date severally and not jointly made a term loan, in Dollars, to the Borrower in an amount equal to such Term Loan Lender's Term Loan Commitment (each individually, a "Term Loan" and, collectively, the "Term Loans"). All Term Loans were made by the Term Loan Lenders on the Original Credit Agreement Effective Date simultaneously and proportionately to their respective Term Loan Pro Rata Shares and such Term Loans remain outstanding subject to the terms of this Agreement notwithstanding the amendment and restatement of the Original Credit Agreement.
Amount of Term Loans. Each Lender severally agrees to make a term loan (any such term loan being referred to as a "Term Loan" and such term loans being referred to collectively as the "Term Loans") to the Borrower on the Closing Date, upon the satisfaction of the conditions precedent set forth in Article 10, in an amount equal to such Lender's Pro Rata Share of $44,242,000 less the Term Loans made to the Borrower pursuant to the Prior Term Loan Agreement and continuing pursuant to the terms of this Agreement. Term Loans extended on the Closing Date shall be Base Rate Term Loans.
Amount of Term Loans. Any Term Loans made shall be in the aggregate minimum amount of $10,000,000 and in integral multiples of $1,000,000 in excess thereof.
Amount of Term Loans. (a) Subject to and upon the terms and conditions herein set forth, each Term Lender severally agrees to make to the Term Borrowers on the Closing Date a Term Loan in an amount equal to its Term Loan Commitment, such Term Loans to be repaid as set forth in Section 2.02(b). The Term Borrowers shall not be entitled to reborrow any amounts repaid with respect to the Term Loans.
(b) Each Term Loan shall, at the option of the Term Borrowers, be made or continued as, or converted into, part of one or more Borrowings that shall consist entirely of Base Rate Advances or Eurodollar Advances. The aggregate principal amount of each Borrowing of Term Loans consisting of Eurodollar Advances shall be not less than $1,000,000 or a greater integral multiple of $500,000, and the aggregate principal amount of each Borrowing of Term Loans consisting of Base Rate Advances shall not be less than $500,000 or a greater integral multiple of $100,000. At no time shall the number of Borrowings outstanding under the Term Loans and the Revolving Loan Commitments exceed seven in either case (not including Swing Line Borrowings); provided that, for the purpose of determining the number of Borrowings outstanding and the minimum amount for Borrowings resulting from conversions or continuations, all Borrowings under the Term Loans and the Revolving Loan Commitments comprised of Base Rate Advances shall be considered in each case as one Borrowing.
Amount of Term Loans. Prior to the Effective Date, term loans were previously made to the Borrower under the Original Credit Agreement in the aggregate principal amount of Twenty Million and no/100 dollars ($20,000,000), the principal balance of which has been reduced to $9,325,554.45 as of the date of this Agreement (such outstanding loans being hereinafter referred to as the "ORIGINAL TERM LOANS"). Subject to the terms and conditions set forth in this Agreement, each Lender on the Closing Date hereby severally and not jointly agrees to make on the Closing Date, a term loan, in Dollars, to the Borrower in an amount equal to such Lender's Term Loan Commitment (each individually, a "NEW TERM LOAN" and, collectively, the "NEW TERM LOANs"). All New Term Loans shall be made by the Lenders on the Closing Date simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any New Term Loan hereunder nor shall the Term Loan Commitment of any Lender be increased or decreased as a result of any such failure. The Original Term Loans and the New Term Loans are referred to herein collectively as the "TERM LOANS."
Amount of Term Loans. Prior to the Effective Date, term loans were previously made to the Borrower under the Original Credit Agreement and the Second Restated Credit Agreement in the aggregate principal amount of Twenty-Five Million and no/100 dollars ($25,000,000), the principal balance of which has been reduced to $21,000,000 as of the date of this Agreement (such outstanding loans being hereinafter referred to as the "Term Loans").
