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. (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.
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 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. 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. 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. Subject to the terms and conditions hereof, and relying upon the representations and warranties herein specified, each Lender severally agrees to make a term loan to the Borrowers in Dollars (each such loan, a “Closing Date Loan” and together, the “Closing Date Loans”) on the Closing Date in an amount equal to such Xxxxxx’s Initial Commitment. The Initial Commitments in respect of the Closing Date Loans shall terminate automatically immediately after the making of the Closing Date Loans on the Closing Date. The Closing Date Loans may be Base Rate Loans or Term SOFR Loans as further provided herein. The Initial Commitments are not revolving credit commitments, and the Borrowers shall not have the right to borrow, repay or reborrow. The failure of any Lender to make Closing Date Loans shall not relieve any other Lender of its obligations to make Closing Date Loans on the Closing Date; nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Closing Date Loans hereunder after the Closing Date, and any portion of the Initial Commitment not drawn on the Closing Date shall automatically expire.
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.
