Loan Commitment. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $209,900,000 in the aggregate (the "Loan") consisting of $104,950,000 of 7-year Tranche advances and $104,950,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."
Appears in 2 contracts
Samples: Senior Secured Loan Agreement (RBF Finance Co), Senior Secured Loan Agreement (R&b Falcon Corp)
Loan Commitment. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $209,900,000 105,300,000 in the aggregate (the "Loan") consisting of $104,950,000 52,650,000 of 7-year Tranche advances and $104,950,000 52,650,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."
Appears in 2 contracts
Samples: Senior Secured Loan Agreement (R&b Falcon Corp), Senior Secured Loan Agreement (RBF Finance Co)
Loan Commitment. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $209,900,000 4,000,000 in the aggregate (the "Loan") consisting of $104,950,000 2,000,000 of 7-year Tranche advances and $104,950,000 2,000,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."
Appears in 2 contracts
Samples: Senior Secured Loan Agreement (RBF Finance Co), Senior Secured Loan Agreement (R&b Falcon Corp)
Loan Commitment. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $209,900,000 16,000,000 in the aggregate (the "Loan") consisting of $104,950,000 8,000,000 of 7-year Tranche advances and $104,950,000 8,000,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."
Appears in 2 contracts
Samples: Senior Secured Loan Agreement (RBF Finance Co), Senior Secured Loan Agreement (R&b Falcon Corp)
Loan Commitment. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $209,900,000 166,000,000 in the aggregate (the "Loan") consisting of $104,950,000 83,000,000 of 7-year Tranche advances and $104,950,000 83,000,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."
Appears in 2 contracts
Samples: Senior Secured Loan Agreement (RBF Finance Co), Senior Secured Loan Agreement (R&b Falcon Corp)
Loan Commitment. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $209,900,000 10,800,000 in the aggregate (the "Loan") consisting of $104,950,000 5,400,000 of 7-year Tranche advances and $104,950,000 5,400,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."
Appears in 2 contracts
Samples: Senior Secured Loan Agreement (R&b Falcon Corp), Senior Secured Loan Agreement (RBF Finance Co)
Loan Commitment. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $209,900,000 188,900,000 in the aggregate (the "Loan") consisting of $104,950,000 94,450,000 of 7-year Tranche advances and $104,950,000 94,450,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."
Appears in 2 contracts
Samples: Senior Secured Loan Agreement (R&b Falcon Corp), Senior Secured Loan Agreement (RBF Finance Co)
Loan Commitment. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $209,900,000 28,500,000 in the aggregate (the "Loan") consisting of $104,950,000 14,250,000 of 7-year Tranche advances and $104,950,000 14,250,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."
Appears in 2 contracts
Samples: Senior Secured Loan Agreement (RBF Finance Co), R&b Falcon Corp
Loan Commitment. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $209,900,000 225,600,000 in the aggregate (the "Loan") consisting of $104,950,000 112,800,000 of 7-year Tranche advances and $104,950,000 112,800,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."
Appears in 2 contracts
Samples: RBF Finance Co, R&b Falcon Corp
Loan Commitment. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $209,900,000 11,900,000 in the aggregate (the "Loan") consisting of $104,950,000 5,950,000 of 7-year Tranche advances and $104,950,000 5,950,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."
Appears in 2 contracts
Samples: Senior Secured Loan Agreement (R&b Falcon Corp), Senior Secured Loan Agreement (RBF Finance Co)