Initial Commitments. Parent represents that (a) Schedule A includes a true and complete copy of all of the Equity Commitment Letters that the Investors have executed and delivered to Parent as of the date hereof, (b) Schedule B includes a true and complete copy of the Warrant Exchange Agreement as of the date hereof, and (c) Schedule C includes a true and complete copy of the Noteholder Conversion Agreement as of the date hereof.
Initial Commitments. Lender Initial Commitment ----------------------------------------------------- ----------------------------------------------------- ABN AMRO Bank N.V. $75,000,000 ----------------------------------------------------- ----------------------------------------------------- Bank One, N.A. $50,000,000 ----------------------------------------------------- ----------------------------------------------------- KeyBank National Association $37,500,000 ----------------------------------------------------- ----------------------------------------------------- Commerzbank AG, New York $25,000,000 and Grand Cayman Branches ----------------------------------------------------- ----------------------------------------------------- Societe Generale $25,000,000 ----------------------------------------------------- ----------------------------------------------------- Mizuho Corporate Bank, Ltd. $25,000,000 ----------------------------------------------------- ----------------------------------------------------- Wachovia Bank, National $25,000,000 Association ----------------------------------------------------- ----------------------------------------------------- The Royal Bank Scotland plc $25,000,000 ----------------------------------------------------- ----------------------------------------------------- Landesbank Sachsen Girozentrale $18,750,000 ----------------------------------------------------- ----------------------------------------------------- Bank of New York $18,750,000 ----------------------------------------------------- ----------------------------------------------------- The Northern Trust Company $18,750,000 ----------------------------------------------------- ----------------------------------------------------- Landesbank Baden-Wuerttemberg New York Branch and/or Cayman $12,500,000 Islands Branch ----------------------------------------------------- ----------------------------------------------------- UFJ Bank Limited $12,500,000 ----------------------------------------------------- ----------------------------------------------------- Bayerische Hypo und Vereinsbank AG, $12,500,000 New York Branch ----------------------------------------------------- ----------------------------------------------------- Allied Irish Banks P.L.C. $12,500,000 ----------------------------------------------------- ----------------------------------------------------- The Bank of Tokyo-Mitsubishi, Ltd. $12,500,000 Chicago Branch -----------------------------------...
Initial Commitments. Each EC Investor has provided Parent and the Company with an Equity Commitment Letter, each of which is attached hereto as Exhibits B-1 and B-2, respectively. Such Equity Commitment Letters describe, among other things, the several commitments of each of the EC Investors to make or cause to be made a cash contribution to Parent at the Closing in the amount, for each EC Investor equal to the Equity Commitment, for each EC Investor, respectively. The rights and obligations of each EC Investor under its respective Equity Commitment Letter may not be transferred or assigned except in accordance with this Agreement and the applicable Equity Commitment Letter.
Initial Commitments. Subject to the terms and conditions set forth herein, each Initial Lender agrees, severally and not jointly, to make an Initial Loan to the Borrower on the Closing Date in the principal amount of its Initial Commitment, the proceeds of which Initial Loans shall be deposited into the Escrow Account in accordance with the Escrow Agreement. The Borrower may make only one borrowing under the Initial Commitments, which shall be on the Closing Date. Any amount borrowed under this Section 2.01 and subsequently repaid or prepaid may not be reborrowed. All amounts owed hereunder with respect to the Initial Loans not previously repaid or prepaid shall be paid in full no later than the Maturity Date applicable to the Initial Loans.
Initial Commitments. Upon the execution of this Agreement and satisfaction of the conditions precedent set forth in Section 2.1, the Term Loan Commitment established hereunder will be $6.2 million ("Term Loan Commitment"). Notwithstanding the foregoing, upon Borrowers' request and satisfaction of the conditions precedent set forth in Section 2.2, Lenders (in their sole and absolute discretion) may establish one or more additional Facilities (which will become part of the Term Loan Facility) pursuant to which the Term Loan Commitment may be increased from time to time by up to $10 million for a total Term Loan Commitment of up to $16.2 million.
Initial Commitments. Upon the execution of this Agreement and satisfaction of each condition precedent set forth in Section 2.2 hereof (on or before October 31, 1996), the Line of Credit Commitment established hereunder will be $20 million ("Line of Credit Commitment"). Upon the execution of this Agreement and satisfaction of each condition precedent set forth in Section 2.2 hereof (on or before October 31, 1996), the Term Loan Commitment established hereunder will be determined in accordance with the following schedule ("Term Loan Commitment"): Gross Proceeds Term Loan of CCISG IPO Commitment ------------ ---------- LESS THAN $50 million $0.00 GREATER THAN OR EQUAL TO $50 million but LESS THAN $70 million Up to $15 million (at Borrowers' election) GREATER THAN OR EQUAL TO $70 million $0.00 -
Initial Commitments. (i) Subject to the terms and conditions hereof, on the Closing Date, each Lender with an Initial Commitment shall make to the Borrower (so long as all conditions precedent required hereby shall have then been satisfied or waived), a term loan in an aggregate principal amount equal to such Xxxxxx’s Initial Commitment. The aggregate amount of all Initial Commitments is $45,000,000. The Initial Commitments may only be drawn on the Closing Date and, once repaid, may not be reborrowed.
(ii) The Initial Commitment of each Lender who satisfies its obligation to fund the Loans on the Closing Date shall terminate in its entirety (after giving effect to the incurrence of such Loans on such date).
Initial Commitments. Subject to the terms and conditions set forth herein, each Lender commits to make Loans to the Borrower from time to time during the period commencing on the Closing Date and ending on the Maturity Date in an aggregate outstanding principal amount equal to the amount set forth beside such Lender’s name in Schedule 2.1 under the heading “Commitment”, provided that a Lender shall not be required to extend further credit hereunder if such extension would result in (a) such Lender’s Credit Exposure exceeding such Lender’s Commitment, or (b) the aggregate Credit Exposures exceeding the aggregate Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow Loans.
Initial Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make a term loan (a “Loan”) in Dollars to the Borrowers on the Closing Date in an amount not to exceed the amount of the Initial Commitment of such Lender. The Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower Agent and notified to the Administrative Agent in accordance with Sections 2.3 and 2.9.
(b) The Borrowers shall pay a closing fee equal to 6.00% (the “Closing Fee”) of the Loans outstanding on the Closing Date, which Closing Fee shall be payable to the Administrative Agent for the account of each Lender in accordance with its pro rata share as of and on the Closing Date and which Closing Fee may be paid as an additional upfront fee or original issue discount. Such Closing Fee shall be fully earned when paid and shall not be refundable for any reason whatsoever.
Initial Commitments. On the terms and subject to the conditions contained in this Agreement, each Revolving Credit Lender severally agrees to make loans in Dollars (each a “Revolving Loan”) to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date in an aggregate principal amount at any time outstanding for all such loans by such Revolving Credit Lender not to exceed such Revolving Credit Lender’s Commitment; provided, however, that at no time shall any Revolving Credit Lender be obligated to make a Revolving Loan in excess of such Revolving Credit Lender’s Ratable Portion of the Available Credit. Within the limits of the Commitment of each Revolving Credit Lender, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.
