Lending Commitment. The Lender hereby commits to lend _________________ dollars ($_________) to the Borrower (the “Commitment”). The Lender shall disburse funds under the Commitment upon receipt of a fully executed Convertible Subordinated Secured Promissory Note in the form attached hereto as Exhibit “A” (the “Note”) and a fully executed Security Agreement in the form attached hereto as Exhibit "B" (the "Security Agreement"), each of which forms a part hereof, provided such receipt occurs on or before September 30, 2011.
Lending Commitment. (a) At the Closing, SEi and HPS shall each commit to make available to Newco a term loan in the amount of $9,040,800 which shall be drawn upon by Newco from time to time in increments of $100,000 (the "Loans"). The Loans shall require quarterly interest only payments with all outstanding principal and interest due three (3) years from the date hereof. Such lending commitment and loan shall be evidenced, and described in further detail, by Loan Agreements in the forms of each Exhibit C hereto (the "Loan Agreements"), and the related forms of promissory notes of Newco also included in Exhibit D hereto (the "Notes").
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Lending Commitment. On the terms and subject to the conditions hereof, the Bank agrees to make available to the Borrower a credit facility available as loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) on a revolving basis at any time and from time to time from the Closing Date to the Termination Date, during which period the Borrower may borrow, repay and re-borrow in accordance with the provisions hereof, provided, the unpaid principal amount of outstanding Revolving Loans shall not at any time exceed the Revolving Commitment Amount.
Lending Commitment. Revolving Credit Loans . Each Bank agrees, on the terms and conditions hereinafter set forth, to make its Pro Rata Share of Loans (each, a "Revolving Credit Loan" and collectively, the "Revolving Credit Loans") to the Borrower from time to time during the period from the Effective Date up to but not including the Termination Date, in an aggregate principal amount not to exceed at any time such Bank's Commitment; provided, however, that after giving effect to the making of any Revolving Credit Loan, (i) the Aggregate Outstanding Credit Exposure shall not exceed the Revolving Credit Commitment, and (ii) as to any Bank, the sum of its Pro Rata Share of the aggregate outstanding amount of the Revolving Credit Loans, plus such Bank's Pro Rata Share of the outstanding amount of all L/C Obligations, plus such Bank's Pro Rata Share of the outstanding amount of all Swing Line Loans shall not exceed such Bank's Commitment. Subject to the other terms and conditions hereof, amounts borrowed under this Section 2.1 may be repaid and reborrowed from time to time. Each Revolving Credit Loan which shall not utilize the Revolving Credit Commitment in full shall be in an amount not less than One Million Dollars ($1,000,000). Any request for a Revolving Credit Loan for a lesser amount shall be made as a Swing Line Loan. Pursuant to the terms and conditions set forth herein, the Revolving Credit Loans may be outstanding as Base Rate Loans or LIBOR Loans. Each type of Revolving Credit Loan shall be made and maintained by each Bank at its Lending Office for such type of Loan. The failure of any Bank to advance its Pro Rata Share of any requested Revolving Credit Loan to be made by it on the date specified for such Loan shall not relieve any other Bank of its obligation (if any) to make such Loan on such date, but no Bank shall be responsible for the failure of any other Bank to make such Loans to be made by such other Bank. Letters of Credit .
Lending Commitment. Use its best efforts to obtain a firm commitment for the financing of the Obligations from another financial institution by April 30,
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Lending Commitment. On the terms and subject to the conditions hereof, the Lenders agree to make a term loan in the amounts set forth on Schedule L-1 (collectively, the “Term Loan”) on the Closing Date.
Lending Commitment. (a) Investor commits to enter into a loan facility (the "Loan Facility") with a Subsidiary of the Company providing for principal advances of up to $50,000,000 (the "Commitment Amount"). The terms and conditions of the loan facility will parallel the terms and conditions of the Motorola Trance E Senior Secured Loan facility in a principal amount up to $200,000,000 and will rank pari passu with such facility. The terms will be consistent with the Term Sheet for Debt Financing, CLCORP01 Doc:230313_4 16 dated as of March 26, 1997, between the Company and Motorola filed as Exhibit 10.36 to the Company report on Form 10-K for the fiscal year ended December 31, 1996, as the same may be amended, from time to time, by the Company and Motorola, and this Agreement.
Lending Commitment
