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 Tranche B Term Loan to the Company in an amount equal to such Lender’s Tranche B Term Loan Commitment. The Company may make only one borrowing under the Tranche B Term Loan 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. Subject to Sections 2.12, 2.13(a) and 2.14, all amounts owed hereunder with respect to the Tranche B Term 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 (Bell Powersports, Inc.)

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Loan Commitments. Subject to the terms and conditions hereof, (i) each Lender severally agrees to make, on the Closing Date, a Tranche A Term Loan to Company in an amount equal to such Lender's Tranche A Term Loan Commitment; and (ii) each Lender severally agrees to make, on the Closing Date, a Tranche B Term Loan to the Company in an amount equal to such Lender’s 's Tranche B Term Loan Commitment. The Company may make only one borrowing under each of the Tranche A Term Loan Commitments and Tranche B Term Loan 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. Subject to Sections 2.12, 2.13(a) and 2.14, all amounts owed hereunder with respect to the Each Lender's Tranche B Term Loans shall be paid in full no later than the Tranche B A Term Loan Maturity Date. Each Lender’s Commitment and 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 's Tranche A Term Loan Commitment and Tranche B Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (MAAX Holding Co.)

Loan Commitments. Subject to the terms and conditions hereof, each Tranche B Term Loan Lender severally agrees to make, on the Closing Date, a Tranche B Term Loan to the Company Borrower in an amount equal to such Lender’s Tranche B Term Loan Commitment. The Company Borrower may make only one borrowing under the Tranche B Term Loan Commitments 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. Subject to Sections 2.12, 2.13(a) and 2.14, all amounts owed hereunder with respect to the Tranche B Term 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 (Aeroflex 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 the Company Borrower in an amount equal to such Lender’s Tranche B Term Loan Commitment. The Company Borrower may make only one borrowing under the Tranche B Term Loan Commitments 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. Subject to Sections 2.12, 2.13(a) and 2.14, all amounts owed hereunder with respect to the Tranche B Term 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 (Global Crossing LTD)

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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 the Company in an amount equal to such Lender’s 's Tranche B Term Loan Commitment. The Company may make only one borrowing under the Tranche B Term Loan 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. Subject to Sections 2.12, 2.13(a) and 2.14, all amounts owed hereunder with respect to the Tranche B Term Loans shall be paid in full no later than the Tranche B Term Loan Maturity Date. Each Lender’s '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 's Tranche B Term Loan Commitment on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (American Achievement Corp)

Loan Commitments. Subject to the terms and conditions hereof, , (i) each Lender severally agrees to make, on the Closing Date, a Tranche B A Term Loan to the Company Borrower in an amount equal to such Lender’s Tranche B A Term Loan Commitment. The Company ; and (ii) Borrower may make only one borrowing under the Tranche B A Term Loan Commitments 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. Subject to Sections 2.11 and 2.12, 2.13(a) and 2.14, all amounts owed hereunder with respect to the Tranche B A Term Loans shall be paid in full no later than the Tranche B A Term Loan Maturity Date. Each Lender’s Tranche B A 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 A Term Loan Commitment Commitment, if any, on such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Proliance International, Inc.)

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