Common use of Loan Commitments Clause in Contracts

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in an amount equal to such Lender’s Term Loan Commitment. Lead Borrower may only request one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12, all amounts owed hereunder with respect to the Term Loan shall be paid in full no later than the Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Appears in 3 contracts

Samples: Abl Credit Agreement (B. Riley Financial, Inc.), Abl Credit Agreement (Franchise Group, Inc.), Abl Credit Agreement (Franchise Group, Inc.)

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Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. Lead Borrower may make only request one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Maturity DateDate applicable to such Term Loans. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (American Casino & Entertainment Properties LLC), First Lien Credit and Guaranty Agreement (American Casino & Entertainment Properties LLC), Second Lien Credit and Guaranty Agreement (American Casino & Entertainment Properties LLC)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan term loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower Company in an amount equal to such Lender’s Term Loan Commitment. Lead Borrower The Company may make only request one borrowing under the Term Loan Commitment Commitment, which shall be borrowing may only occur on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.11(a) and 2.13, all amounts owed hereunder with respect to the Term Loan Loans shall be paid Paid in full Full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and fully without further action on the Closing Date after giving effect to by any Person upon the funding of such Lender’s Term Loan Commitment on such datethe Closing Date.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (ONE Group Hospitality, Inc.), Credit and Guaranty Agreement (ONE Group Hospitality, Inc.), Credit and Guaranty Agreement (ONE Group Hospitality, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Closing Date Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. Lead Borrower may make only request one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Closing Date Term Loan Loans shall be paid in full no later than the Maturity Date. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (TerraForm Power, Inc.), Credit and Guaranty Agreement

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan to Borrower (an “Initial Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower Loan”) in an amount equal to such Lender’s Term Loan CommitmentCommitment then in effect. Lead Borrower may make only request one borrowing under the Term Loan Commitment in effect as of the Closing Date, which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.10(a) and 2.11, all amounts owed hereunder with respect to the Initial Term Loan Loans shall be paid in full no later than the Maturity DateDate applicable to such Initial Term Loans. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Hamilton Lane INC), Credit and Guaranty Agreement (Hamilton Lane INC)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Term Loan Funding Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in an amount equal to such Lender’s 's Term Loan Commitment. Lead Borrower may make only request one borrowing under the Term Loan Commitment which shall be on the Closing Term Loan Funding Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s 's Term Loan Commitment shall terminate immediately and without further action on the Closing Term Loan Funding Date after giving effect to the funding of such Lender’s 's Term Loan Commitment on such date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Gentek Inc), Second Lien Credit and Guaranty Agreement (Gentek Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a an Initial Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in an amount equal to such Lender’s Initial Term Loan Commitment. Lead The Borrower may make only request one borrowing under the Initial Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.13, 2.14(a) and 2.15, all amounts owed hereunder with respect to the Initial Term Loan Loans shall be paid in full no later than the Maturity DateDate with respect thereto. Each Lender’s Initial Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Initial Term Loan Commitment on such date.

Appears in 2 contracts

Samples: Credit Agreement (Fortress Transportation & Infrastructure Investors LLC), Credit Agreement (Intrawest Resorts Holdings, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Effective Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower Company in an amount equal to such Lender’s 's Term Loan Commitment. Lead Borrower Company may make only request one borrowing under the each Lender's Term Loan Commitment which shall be on the Closing Effective Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.14(a) and 2.15, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s 's Term Loan Commitment shall terminate immediately and without further action on the Closing Effective Date after giving effect to the funding of such Lender’s 's Term Loan Commitment on such date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (BPC Holding Corp), Credit and Guaranty Agreement (Berry Plastics Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower Company in an amount equal to such Lender’s 's Term Loan Commitment. Lead Borrower Company may make only request one borrowing under the each Lender's Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.14(a) and 2.15, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s 's Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s 's Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Berry Plastics Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, make a Term Loan to Lead the Borrower for on the account of the Borrowers or to any other Borrower designated by the Lead Borrower Closing Date in an amount equal to such Lender’s Term Loan Commitment. Lead The Borrower may make only request one borrowing under the Term Loan Commitment which shall be on the Closing Date. The Term Loans may be Eurodollar Rate Loans or Base Rate Loans, as provided herein. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.9, 2.10(a) and 2.11, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit Agreement (Fortress Transportation & Infrastructure Investors LLC)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Term Loan Commitment severally agrees to make, on the Closing Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower Companies in an amount equal to such Lender’s Term Loan Commitment. Lead Borrower The Companies may make only request one borrowing under the Term Loan Commitment Commitments which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section Sections 2.11(a) and 2.12, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment Commitment, if any, on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Primo Water Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Term Lender severally agrees to make, on the Closing Date, a Term Loan in Dollars to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower Company in an amount equal to such Lender’s Term Loan Commitment. Lead Borrower Company may make only request one borrowing under the Term Loan Commitment (other than any Additional Term Loan Commitment) which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a) 2.1 and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment (other than any Additional Term Loan Commitment) shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Covanta Holding Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Tranche B Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in an amount equal to such Lender’s Tranche B Term Loan Commitment. Lead Borrower may make only request one borrowing under the Tranche B Term Loan Commitment Commitments which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Tranche B Term Loan Loans shall be paid in full no later than the Tranche B Term Loan Maturity Date. Each Lender’s Tranche B Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Tranche B Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Bright Horizons Family Solutions Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Funding Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in an amount equal to such Lender’s 's Term Loan Commitment. Lead Borrower may make only request one borrowing under the Term Loan Commitment which shall be on the Closing Funding Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.13 and 2.14, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s 's Term Loan Commitment shall terminate immediately and without further action on the Closing Funding Date after giving effect to the funding of such Lender’s 's Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (3com Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender “Term Loan Lender” severally agrees to make, on the Closing Funding Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in Dollars in an amount equal to such Lender’s Term Loan Commitment. Lead Borrower may make only request one borrowing under the Term Loan Commitment which shall be on the Closing Funding Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity DateDate applicable to such Term Loans. Each Term Loan Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Funding Date after giving effect to the funding in full of such Term Loan Lender’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Loan Agreement (Atlantic Power Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower Company in an amount equal to such Lender’s Term Loan Commitment. Lead Borrower Company may make only request one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section Sections 2.12, 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Services International LLC)

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Loan Commitments. Subject to the terms and conditions hereof, ---------------- each Lender severally agrees to make, on the Closing Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower Company in an amount equal to such Lender’s 's Term Loan Commitment. Lead Borrower Company may make only request one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section Sections 2.11(a) and 2.12, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s 's Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s 's Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ipc Acquisition Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in an amount equal to such Lender’s Term Loan Commitment. Lead The Borrower may make only request one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12, all All amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Term Loan and Guaranty Agreement (Neogenomics Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower Company in an amount equal not to exceed such Lender’s Term Loan Commitment. Lead Borrower Company may make only request one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a)(i) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: First Lien Credit and Guaranty Agreement (X Rite Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in an amount equal to such Lender’s Term Loan Commitment. Lead Borrower may make only request one borrowing under the Term Loan Commitment Commitment, which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (HealthSpring, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan (each, a “Term Loan Loan”) to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower Company in an amount equal to such Lender’s Term Loan Commitment. Lead Borrower Company may make only request one borrowing under the Term Loan Commitment which shall be made on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.9, 2.10 and 2.11, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment (including any unused Term Loan Commitment) shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s the Term Loan Commitment Loans on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (U S Energy Systems Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower Company in an amount equal to such Lender’s 's Term Loan Commitment. Lead Borrower Company may make only request one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s 's Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s 's Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (American Reprographics CO)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Term Loan Commitment severally agrees to make, on the Closing Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower Company in an amount equal to such Lender’s Term Loan Commitment. Lead Borrower Company may make only request one borrowing under the Term Loan Commitment Commitments which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.11(a), 2.12 and 2.13, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Madison Square Garden Co)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Tranche B Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in an amount equal to such Lender’s Tranche B Term Loan CommitmentCommitments. Lead Borrower may make only request one borrowing under the Tranche B Term Loan Commitment Commitments which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Tranche B Term Loan Loans shall be paid in full no later than the Tranche B Term Loan Maturity Date. Each Lender’s Tranche B Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Tranche B Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Aurora Diagnostics Holdings LLC)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in an amount equal to such Lender’s Term Loan Commitment. Lead Borrower may make only request one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.14(a) and 2.15, all amounts owed hereunder with respect to the Term Loan Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such dateCommitment.

Appears in 1 contract

Samples: First Lien Credit and Guaranty Agreement (Movie Gallery Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Tranche B Term Loan to Lead Borrower for the account of the Borrowers or to any other Borrower designated by the Lead Borrower in an amount equal to such Lender’s Tranche B Term Loan Commitment. Lead Borrower may make only request one borrowing under the Tranche B Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Section 2.12Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Tranche B Term Loan Loans shall be paid in full no later than the Tranche B Term Loan Maturity Date. Each Lender’s Tranche B Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Tranche B Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Och-Ziff Capital Management Group LLC)

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