Common use of Loan Commitments Clause in Contracts

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) to the Borrower in an amount equal to such Lender’s Commitment. The Borrower may make only one borrowing under the Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. All amounts owed hereunder with respect to the Loans shall be paid in full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Commitment on such date.

Appears in 2 contracts

Samples: Two Year Equity Bridge Credit and Guaranty Agreement (Concordia Healthcare Corp.), Extended Equity Bridge Credit and Guaranty Agreement (Concordia Healthcare Corp.)

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Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) Loan to the Borrower in an amount equal to such Lender’s Commitment. The Borrower may make only one borrowing under the Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.8, 2.9(a) and 2.10, all amounts owed hereunder with respect to the Loans shall be paid Paid in full Full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Commitment on such date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (TiVo Corp), Credit and Guaranty Agreement (BlueLinx Holdings Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) Term Loan to the Borrower in an amount equal to such Lender’s Term Loan Commitment. 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 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Section 2.11 and Section 2.12, all amounts owed hereunder with respect to the Loans 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 2 contracts

Samples: Credit Agreement (Liberty Tax, Inc.), Credit Agreement (Franchise Group, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) Term Loan to the Borrower Company in an amount equal to such Lender’s 's Term Loan Commitment. The Borrower Company may make only one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term 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 2 contracts

Samples: Credit and Guaranty Agreement (Belden & Blake Corp /Oh/), Credit and Guaranty Agreement (Mariner Health Care Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on make at any time during the Closing DateTerm Loan Commitment Period, a loan or loans (each a “Loan”) Term Loan to the Borrower in an amount equal to such Lender’s Term Loan Commitment. The Borrower may make only one borrowing under the Commitment which shall be on the Closing DateTerm Loan Commitment. Any amount borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Section 2.11, all amounts owed hereunder with respect to the Term 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 Credit Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Appears in 1 contract

Samples: Term Loan Agreement (Globe Specialty Metals Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) Term Loan to the Borrower in an amount equal to such Lender’s Term Loan Commitment. The Borrower may make only one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.13 and 2.14, all amounts owed hereunder with respect to the Loans 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 1 contract

Samples: Bridge Credit and Guaranty Agreement (Leonardo DRS, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) Term Loan to the Borrower Company in an amount equal to such Lender’s Term Loan Commitment. The Borrower Company may make only one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.12(a) and 2.13, all amounts owed hereunder with respect to the Term 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 (Entravision Communications Corp)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) Term Loan to the Borrower Company in an amount equal to such Lender’s 's Term Loan Commitment. The Borrower Company may make only one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.11 and 2.12, all amounts owed hereunder with respect to the Loans Term Loan 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 Commitment 's Term Loan Commitment, if any, on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Navisite Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) Term Loan to the Borrower in an amount equal to such Lender’s Term Loan Commitment. 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 2.1(a‎Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to ‎Section 2.11 and ‎Section 2.12, all amounts owed hereunder with respect to the Loans 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 1 contract

Samples: Credit Agreement (Orbital Energy Group, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) an Initial Loan to the Borrower Company in an amount equal to such Lender’s Commitment. The Borrower Company may make only one borrowing under the Commitment Commitments, which shall be on the Closing Date. Any amount Amounts borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Section 2.09, all amounts owed hereunder with respect to the Initial Loans shall be paid in full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and without further action on the Closing Date Date, after giving effect to the funding of such Lender’s Commitment on such date.

Appears in 1 contract

Samples: Credit Agreement (NMI Holdings, Inc.)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) Loan to the Borrower in an amount equal to such Lender’s Commitment. The Borrower may make only one borrowing under the Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Section 2.9, Section 2.10(a) and Section 2.11, all amounts owed hereunder with respect to the Loans shall be paid in full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Commitment on such date.

Appears in 1 contract

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

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Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) Term Loan to the Borrower Company in an amount equal to such Lender’s Term Loan Commitment. The Borrower Company may make only one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.11, 2.12 and 2.13, all amounts owed hereunder with respect to the Loans Term Loan 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 (Mortons Restaurant Group Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) Term Loan to the Borrower Company in an amount equal to such Lender’s Term Loan Commitment. The Borrower Company may make only one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term 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 (Kraton Polymers LLC)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) Loan to the Borrower in an amount equal to such Lender’s Commitment. The Borrower may make only one borrowing under the Commitment Commitments, which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.12 and 2.13, all amounts owed hereunder with respect to the Loans shall be paid in full no later than the Loan Maturity Date. Each Lender’s Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Aeroflex Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) an Initial Loan to the Borrower in an amount equal to such Lender’s Commitment. The Borrower may make only one borrowing under the Commitment Commitments, which shall be on the Closing Date. Any amount Amounts borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Section 2.09, all amounts owed hereunder with respect to the Initial Loans shall be paid in full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and without further action on the Closing Date Date, after giving effect to the funding of such Lender’s Commitment on such date.

Appears in 1 contract

Samples: Credit Agreement (Genworth Financial Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) Term Loan to the Borrower Company in an amount equal to such LenderXxxxxx’s Commitment. The Borrower Company may make only one borrowing under the Commitment Commitment, which shall be borrowing may only occur on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.12 and 2.13, all amounts owed hereunder with respect to the Term Loans shall be paid Paid in full Full no later than the Maturity Date. Each Lender’s 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 LenderXxxxxx’s Commitment on such datethe Closing Date.

Appears in 1 contract

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

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan Loan to one or loans (each a “Loan”) to more of the Borrower Borrowers in an amount equal to such LenderXxxxxx’s Commitment. The Borrower Borrowers may make only one borrowing under the Commitment Commitments, which shall be on the Closing Date. Any amount Amounts borrowed under this Section 2.1(a2.01(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Section 2.06, all amounts owed hereunder with respect to the Loans shall be paid in full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and without further action on the Closing Date Date, after giving effect to the funding of such Lender’s Commitment on such date.

Appears in 1 contract

Samples: Credit Agreement (Ambac Financial Group Inc)

Loan Commitments. Subject to the terms and conditions hereof, each Lender with a Commitment severally agrees to make, on the Closing Date, a loan or loans (each a “Loan”) an Interim Loan to the Borrower in an amount equal to such Lender’s CommitmentCommitments. The Borrower may make only one borrowing under the Commitment Commitments, which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.2, 2.13(a) and 2.14, all amounts owed hereunder with respect to the Interim Loans shall be paid in full no later than the Interim Loan Maturity Date. Each Lender’s Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Aeroflex Inc)

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