Commitment to Make Term Loan. Subject to and upon the terms and conditions set forth in this Agreement, each Lender severally and not jointly agrees to lend to the Borrower on the Closing Date the principal amount set forth on Schedule 2.1 opposite such Lender’s name under the heading “Term Loan Commitment”. Amounts borrowed under this Section 2.1.1 and, if applicable, Section 2.7, are referred to as the “Term Loan”. The aggregate amount funded by the Lenders on the Closing Date is referred to as the “Term Loan Amount”. The funding of the Term Loan Amount shall be effected by each Lender depositing into an escrow account established by Agent immediately available funds equal to such Lender’s Term Loan Commitment and depositing with Agent in escrow its signature page to this Agreement on or prior to the Closing Date and by Agent, promptly following authorization from each Lender on the Closing Date, disbursing such funds to the Borrower and releasing such signature pages to the Borrower and the other Lenders.
Commitment to Make Term Loan. (1) Subject to satisfaction of all conditions precedent by on or prior to the date of this Agreement, the Borrower shall borrow from the Term Lender and the Term Lender shall lend to the Borrower the sum of $12,500,000.00 (the "TERM LOAN"), repayable with interest as provided herein.
Commitment to Make Term Loan. (a) Provided that no Event of Default has occurred and is continuing, or would occur upon conversion of the Advances into the Term Loan, and upon payment in full of all accrued interest on all Advances then outstanding, Borrower may elect to convert, on the Revolving Maturity Date, the entire outstanding principal balance of the Advances into a term loan ("Term Loan") subject to the terms and conditions of this Section 2.1.4. The effective date of such conversion shall be the Revolving Maturity Date, after which Lenders shall have no further obligation to make any Credit Extensions to Borrower. Borrower shall notify Servicing Agent in writing at least thirty (30) days prior to the Revolving Maturity Date of its election to convert the principal amount of the Advances into a Term Loan. If Borrower elects to convert the Advances into a Term Loan on the Revolving Maturity Date, the Term Loan shall be payable as set forth below. The Term Loan and all repayments of principal with respect thereto shall be evidenced by notations made by the Servicing Agent in its books and records regarding the date, amount and maturity of the Term Loan, and the amount of each payment of principal made by Borrower with respect thereto; provided, the failure by the Servicing Agent to make such notation shall not limit or otherwise affect the obligations of Borrower with respect to repayments of principal or payments of interest on the Term Loan. The aggregate unpaid amount of the Term Loan set forth in the books and records of the Lenders shall, in the absence of manifest error, be presumptive evidence of the principal amount owing and unpaid under the Term Loan.
Commitment to Make Term Loan. Subject to satisfaction of the Conditions Precedent (Article 4) on or before June 15, 1999, the Borrower shall borrow from the Term Lender and the Term Lender shall lend to the Borrower the sum of $15,000,000.00 (the "TERM LOAN"), repayable with interest as provided herein.
Commitment to Make Term Loan. (a) The Lender has made a term loan to the Borrowers as of January 17, 2006, in the amount requested by the Borrowers not to exceed the Maximum Term Loan Amount (the “Term Loan”).
Commitment to Make Term Loan. Subject to the terms and conditions set forth in this Agreement, the Lender agrees to make, and the Borrower shall borrow, on the Closing Date the sum of $475,000.00 (the "Term Loan").
Commitment to Make Term Loan. (a) Subject to satisfaction of the Conditions Precedent (Article 4) on or before May 24, 1999, the Borrower shall borrow from the Term Lender and the Term Lender shall lend to the Borrower the sum of $5,000,000.00 (the "Term Loan"), repayable with interest as provided herein. (b) The proceeds of the Term Loan shall be used solely to acquire the assets of the Repp Division in accordance with the Repp Purchase Xxxuments.
Commitment to Make Term Loan. Subject to the terms and conditions set forth in this Agreement, the Borrower shall borrow, and the Lender shall lend, on the satisfaction of the conditions precedent hereto (Article 3), the sum of $25,000,000.00 (the "TERM LOAN").
Commitment to Make Term Loan. Subject to and upon the terms and conditions set forth in this Agreement, the Lender agrees to make the Term Loan to the Borrower on the Closing Date in the principal amount of US$30,000. The Term Loan amount shall include any Borrower expenditures as set forth on Exhibit B hereto (“Supplier Expenditures”). Lender shall pay the Supplier Expenditures directly to the vendors and entities as set forth on Exhibit B, on behalf of Borrower. The remaining amount under the Term Loan, after deducting the Supplier Expenditures, shall be provided to Borrower in accordance with the terms hereof.
Commitment to Make Term Loan. Subject to and upon the terms and conditions set forth in this Agreement, the Lender agrees to lend to the Borrower on the Closing Date the principal amount of $15,000,000.00 as reflected in the Note (the “Term Loan”).
