Bridge 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 Lenders hereby agree to lend to the Company on the Closing Date $100,000,000.00 (one hundred million dollars) in the aggregate (the "Bridge Loan"), each such Lender committing, severally and not jointly, to lend the amount set forth next to such Lender's name on the signature pages hereto. The Lenders' commitments to make the Bridge Loan to the Company pursuant to this Section 2.1(a) are herein called individually, a "Bridge Loan Commitment" and collectively, the "Bridge Loan Commitments."
Bridge Loan Commitment. So long as any Loan (as defined in the Bridge Loan Agreement) is outstanding under the Bridge Loan Agreement or Santander has any obligation to make or maintain any credit extension under the Bridge Loan Agreement, the amount of $43,000,000; otherwise, $0 (zero).
Bridge Loan Commitment. Subject to the terms and conditions of this ---------------------- Agreement and in reliance upon the representations and warranties of the Borrower herein set forth, the Lenders hereby agree to lend to the Borrower on the Closing Date $65,000,000 in the aggregate (the "Bridge Loan"), each such Lender committing to lend the aggregate amount set forth next to such Lender's name on the signature pages hereto. The Lenders' commitments to make the Bridge Loan to the Borrower pursuant to this Section 2.1 A are herein called individually, the "Bridge Loan Commitment" and collectively, the "Bridge Loan Commitments."
Bridge Loan Commitment. (a) For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Heftel hereby irrevocably commits to Borrower to cause Lender to make, and to ensure that Lender has the funds to make, the Bridge Loan to Borrower, subject only to the following conditions:
(i) Borrower shall have provided the Borrowing Notice at least four business days prior to the Effective Date;
(A) Borrower shall have furnished to Lender the items set forth in Section 2.6(a); and (B) Borrower or DRI (as applicable) shall have furnished to Lender the items set forth in Section 2.6(b) contemporaneously with the funding of the Bridge Loan on the Effective Date;
(iii) the Effective Date shall not be prior to July 1, 1999; and
(iv) Except with the prior written consent of Lender (which consent shall not be unreasonably withheld or delayed), Borrower shall not have knowingly amended any provision of the Stock Purchase Agreement, knowingly consented to any default by the sellers thereunder or knowingly waived any condition to the closing of the DRI Acquisition, if the direct consequence of such amendment, consent or waiver by Borrower would reasonably be expected to materially and adversely impact the value of the Station's Governmental Licenses or main transmitter site lease, or (assuming Lender shall have entered into an agreement with respect thereto) the ability of Lender to consummate the Asset Purchase. Recognizing that Borrower is obligated to complete the DRI Acquisition as of 9:00 a.m., Dallas, Texas time, on the Effective Date, Lender agrees that the Bridge Loan will consist of immediately available funds on the Effective Date and that it will instruct its banks to wire such funds (pursuant to Borrower's written wire transfer instructions) as promptly as practicable after the opening of business on the Effective Date.
(b) The Borrower may elect at any time prior to the Effective Date to terminate the Lender's obligation to make the Bridge Loan by so notifying the Lender in writing; provided, however, that Borrower shall repay to Lender any Breakage Costs as a result of any such termination made after the Borrowing Notice has been issued (it being understood that Lender will use commercially reasonable efforts to minimize such Breakage Costs). In the event of such termination, the Lender shall, as promptly as practicable after the Commitment Termination Date and repayment of such Breakage Costs, (i) return to Borrower the items referred to in Secti...
Bridge Loan Commitment. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company and the Borrower herein set forth, the Lenders hereby agree to lend to the Borrower on the Initial Takedown Closing Date $145,617,902.25 in the aggregate (the "Initial Bridge Loan") and on the Final Takedown Closing Date $104,382,007.75 in the aggregate (the "Final Bridge Loan," and together with the Initial Bridge Loan, the "Bridge Loan"), each such Lender committing to lend the aggregate amount set forth next to such Lender's name on the signature pages hereto. The Lenders' commitments to make the Bridge Loan to the Borrower pursuant to this Section 2.1 A are herein called individually, the "Bridge Loan Commitment" and collectively, the "Bridge Loan Commitments."
Bridge Loan Commitment. Subject to the terms and conditions of ---------------------- this Agreement, the Lenders hereby agree to lend to the Borrower on the Closing Date $100,000,000 in the aggregate (the "Bridge Loan"), each such Lender committing to lend the amount set forth next to such Lender's name on the signature pages hereto. The Lenders' commitments to make the Bridge Loan to the Borrower pursuant to this SECTION 2.1A are herein called individually, the "Bridge Loan Commitment" and collectively, the "Bridge Loan Commitments."
Bridge Loan Commitment. Subject to the terms and conditions set forth herein, the Lenders hereby agree to make a short-term bridge loan to the Company on June 6, 2000, in an aggregate principal amount of $900,000 (the "BRIDGE LOAN"). The proceeds of the Bridge
Bridge Loan Commitment. See Section 2.1.
Bridge Loan Commitment. Subject to the terms and conditions set forth herein and in reliance on the Company's covenants, representations and warranties set forth herein, each of the Lenders hereby agrees to purchase from the Company, and the Company agrees to issue and sell to each of the Lenders, on the Closing Date, Bridge Notes in the aggregate principal amount of seventy-five million dollars ($75,000,000) (such aggregate amount, the "BRIDGE LOAN"), with each Lender committing to purchase its Commitment Percentage of such aggregate principal amount of Bridge Notes. The Lenders' commitment to purchase the Bridge Notes hereunder is called individually such Lender's "BRIDGE LOAN COMMITMENT", and collectively the "BRIDGE LOAN COMMITMENTS".
Bridge Loan Commitment. After giving effect to the making of the Bridge Loan, the aggregate principal amount of the Bridge Loan (excluding Bridge Loan PIK Interest) then outstanding shall not exceed the Total Bridge Loan Commitment at such time.
