Common use of Commitment to Lend Term Loan Clause in Contracts

Commitment to Lend Term Loan. (a) Subject to the terms and conditions set forth in this Agreement, each of the Term Loan A Lenders severally agrees to lend to the Borrower such Term Loan A Lender’s Term Loan A Commitment denominated in Dollars only. The Term Loans A shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A‑3 hereto, dated of even date with this Agreement (except as otherwise provided in §2.11 or §18.3) and completed with appropriate insertions. One Term Loan A Note shall be payable to the order of each Term Loan A Lender in the principal amount equal to such Term Loan A Lender’s Term Loan Commitment. There shall not be deemed to have occurred, and there has not otherwise occurred, any payment in full, satisfaction or novation of the indebtedness evidenced by the “Term Loan A Notes”, as defined in the Sixth Amended and Restated Credit Agreement, which indebtedness is instead allocated among the Term Loan A Lenders as of the date hereof, as applicable, in accordance with their respective Term Loan A Commitment Percentages. On the Closing Date, the Term Loan A Lenders shall make adjustments among themselves so that the Outstanding Term Loans A are consistent with their Term Loan A Commitment Percentages.

Appears in 1 contract

Samples: Credit Agreement (QTS Realty Trust, Inc.)

AutoNDA by SimpleDocs

Commitment to Lend Term Loan. (a) Subject to the terms and conditions set forth in this Agreement, each of the Term Loan A Lenders severally agrees to lend to the Borrower on the Closing Date such Term Loan A Lender’s Term Loan A Commitment denominated in Dollars only. U.S. dollars .. The Term Loans A shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A‑3 A-3 hereto, dated of even date with this Agreement (except as otherwise provided in §2.11 or §18.3) and completed with appropriate insertions. One Term Loan A Note shall be payable to the order of each Term Loan A Lender in the principal amount equal to such Term Loan A Lender’s Term Loan Commitment. There shall not be deemed to have occurred, and there has not otherwise occurred, any payment in full, satisfaction or novation of the indebtedness evidenced by the “Term Loan A Notes”, as defined in the Sixth Second Amended and Restated Credit Agreement, which indebtedness is instead allocated among the Term Loan A Lenders as of the date hereof, as applicable, in accordance with their respective Term Loan A Commitment Percentages. On the Closing Date, the Term Loan A Lenders shall make adjustments among themselves so that the Outstanding Term Loans A are consistent with their Term Loan A Commitment Percentages.

Appears in 1 contract

Samples: Credit Agreement (QTS Realty Trust, Inc.)

Commitment to Lend Term Loan. (a) Subject to the terms and conditions set forth in this Agreement, each of the Term Loan A Lenders severally agrees to lend to the Borrower on the Closing Date such Term Loan A Lender’s Term Loan A Commitment denominated in Dollars onlyCommitment. The Term Loans A shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A‑3 A-3 hereto, dated of even date with this Agreement (except as otherwise provided in §2.11 or §18.3) and completed with appropriate insertions. One Term Loan A Note shall be payable to the order of each Term Loan A Lender in the principal amount equal to such Term Loan A Lender’s Term Loan Commitment. There shall not be deemed to have occurred, and there has not otherwise occurred, any payment in fullpayment, satisfaction or novation of the indebtedness evidenced by the “Term Loan A Notes”, as defined in the Sixth First Amended and Restated Credit Agreement, which indebtedness is instead allocated among the Term Loan A Lenders as of the date hereof, as applicable, in accordance with their respective Term Loan A Commitment Percentages. On the Closing Date, the Term Loan A Lenders shall make adjustments among themselves so that the Outstanding Term Loans A are consistent with their Term Loan A Commitment Percentages.

Appears in 1 contract

Samples: Credit Agreement (QTS Realty Trust, Inc.)

Commitment to Lend Term Loan. (a) (a) Subject to the terms and conditions set forth in this Agreement, each of the Term Loan A Lenders severally agrees to lend to the Borrower such Term Loan A Lender’s Term Loan A Commitment denominated in Dollars onlyU.S. dollars. The Term Loans A shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A‑3 A-3 hereto, dated of even date with this Agreement (except as otherwise provided in §2.11 or §18.3) and completed with appropriate insertions. One Term Loan A Note shall be payable to the order of each Term Loan A Lender in the principal amount equal to such Term Loan A Lender’s Term Loan Commitment. There shall not be deemed to have occurred, and there has not otherwise occurred, any payment in full, satisfaction or novation of the indebtedness evidenced by the “Term Loan A Notes”, as defined in the Sixth Third Amended and Restated Credit Agreement, which indebtedness is instead allocated among the Term Loan A Lenders as of the date hereof, as applicable, in accordance with their respective Term Loan A Commitment Percentages. On the Closing Date, the Term Loan A Lenders shall make adjustments among themselves so that the Outstanding Term Loans A are consistent with their Term Loan A Commitment Percentages.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (QualityTech, LP)

AutoNDA by SimpleDocs

Commitment to Lend Term Loan. (a) Subject to the terms and conditions set forth in this Agreement, each of the Term Loan A Lenders severally agrees to lend to the Borrower such Term Loan A Lender’s Term Loan A Commitment denominated in Dollars onlyU.S. dollars. The Term Loans A shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A‑3 hereto, dated of even date with this Agreement (except as otherwise provided in §2.11 or §18.3) and completed with appropriate insertions. One Term Loan A Note shall be payable to the order of each Term Loan A Lender in the principal amount equal to such Term Loan A Lender’s Term Loan Commitment. There shall not be deemed to have occurred, and there has not otherwise occurred, any payment in full, satisfaction or novation of the indebtedness evidenced by the “Term Loan A Notes”, as defined in the Sixth Third Amended and Restated Credit Agreement, which indebtedness is instead allocated among the Term Loan A Lenders as of the date hereof, as applicable, in accordance with their respective Term Loan A Commitment Percentages. On the Closing Date, the Term Loan A Lenders shall make adjustments among themselves so that the Outstanding Term Loans A are consistent with their Term Loan A Commitment Percentages.

Appears in 1 contract

Samples: Credit Agreement (QTS Realty Trust, Inc.)

Commitment to Lend Term Loan. (a) Subject to the terms and conditions set forth in this Agreement, each of the Term Loan A Lenders severally agrees to lend to the Borrower such Term Loan A Lender’s Term Loan A Commitment denominated in Dollars only. The Term Loans A shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A‑3 hereto, dated of even date with this Agreement (except as otherwise provided in §2.11 or §18.3) and completed with appropriate insertions. One Term Loan A Note shall be payable to the order of each Term Loan A Lender in the principal amount equal to such Term Loan A Lender’s Term Loan Commitment. There shall not be deemed to have occurred, and there has not otherwise occurred, any payment in full, satisfaction or novation of the indebtedness evidenced by the “Term Loan A Notes”, as defined in the Sixth Fifth Amended and Restated Credit Agreement, which indebtedness is instead allocated among the Term Loan A Lenders as of the date hereof, as applicable, in accordance with their respective Term Loan A Commitment Percentages. On the Closing Date, the Term Loan A Lenders shall make adjustments among themselves so that the Outstanding Term Loans A are consistent with their Term Loan A Commitment Percentages.

Appears in 1 contract

Samples: Credit Agreement (QTS Realty Trust, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.