Making of Term Loan. Upon satisfaction or waiver of the ------------------- conditions precedent specified in Section 3.2 hereof, each Lender shall extend to Borrower the Term Loan to be issued on the Conversion Date by such Lender by cancelling on its records a corresponding principal amount of the Initial Notes held by such Lender, which corresponding principal amount of the Initial Notes shall be satisfied by the conversion into a Term Loan in accordance with this Section 2.2.
Making of Term Loan. The obligation of each Bank to make its Percentage of the Term Loan is subject to the satisfaction of the following conditions:
Making of Term Loan. Subject to the terms and conditions hereof, the Lender shall make a loan to the Borrower on the Closing Date in the aggregate principal amount of Two Hundred Three Million Dollars (U.S. $203,000,000) (the "Term Loan"). No portion of the Term Loan may be reborrowed by Borrower.
Making of Term Loan. Promptly after receipt of the Notice of Borrowing (or telephonic notice in lieu thereof) on the Closing Date, the Agent shall notify the Lenders by telecopy, telephone or e-mail of the requested Term Loan. Each Lender shall transfer its Pro Rata Share of the Term Loan to the Agent in immediately available funds, to the account from time to time designated by Agent, not later than 2:00 p.m. (New York time) on the Closing
Making of Term Loan. Subject to and upon the terms and conditions contained herein, Term Loan Lender agrees to make the Term Loan to Borrowers on the Amendment No. 1 Effective Date in the amount of the Term Loan Commitment.
Making of Term Loan. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Term Loan Lender severally agrees to make available to the Borrower on the Closing Date such Lender’s Term Loan Commitment Percentage of a term loan in Dollars (the “Term Loan”) in the aggregate principal amount of TWO HUNDRED FIFTY MILLION DOLLARS ($250,000,000.00) (the “Term Loan Committed Amount”) for the purposes hereinafter set forth. The Term Loan may consist of Alternate Base Rate Loans, Index Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request; provided, however, the Term Loan made on the Closing Date may only consist of Alternate Base Rate Loans or Index Rate Loans. Amounts repaid on the Term Loan may not be reborrowed. LIBOR Rate Loans shall be made by each Term Loan Lender at its LIBOR Lending Office and Alternate Base Rate Loans and Index Rate Loans at its Domestic Lending Office.
Making of Term Loan. Subject to Section 1.1, each Initial Lender Term Loan shall be made available by each Term Lender to the Agent in same day funds, to the Agent’s designated account, not later than 12:00 noon (Los Angeles time) on the Closing Date. Subject to Section 1.1, after the Agent’s receipt of the proceeds of such Initial Term Loan, upon satisfaction of the conditions precedent set forth in Article 8, the Agent shall make the proceeds of such Initial Term Loan available to the Borrowers on such date by transferring same day funds equal to the proceeds of such Initial Term Loan received by the Agent to the Borrowers’ Designated Account or as the Borrowers shall otherwise instruct in writing.
Making of Term Loan. Subject to the terms and conditions of this Agreement, on and after the Closing Date and on or prior to the Term Loan Commitment Expiry Date, each Term Loan Lender agrees (severally, not jointly or jointly and severally) to make term loans (collectively, the “Term Loan”) to Borrowers in an aggregate amount equal to such Lender’s Pro Rata Share of the then extant Term Loan Commitment. The Term Loan shall be repaid, commencing on the first day of the month following the month in which the Term Loan Commitment Expiry Date occurs, and continuing on the first day of each month thereafter, in equal installments which would result in full amortization of the Term Loan in 36 months from such date; provided, however, that the outstanding unpaid principal balance and all accrued and unpaid interest under the Term Loan shall be due and payable on the date of termination of this Agreement, whether by its terms, by prepayment, or by acceleration. All amounts outstanding under the Term Loan shall constitute Obligations. No portion of the Term Loan which is repaid or prepaid may be reborrowed.
Making of Term Loan. Subject to the terms and conditions of this DIP Loan Agreement, on and after the Closing Date and on or prior to the Maturity Date, each DIP Lender agrees (severally, not jointly or jointly and severally) to make term loans (collectively, the “Term Loan”) to Borrowers in an aggregate amount equal to such DIP Lender’s Pro Rata Share of the then extant Term Loan Commitment in the aggregate amounts set forth below on or after the dates set forth below (each a “Term Loan Availability Date”): The Closing Date $ 10,000,000 May 12, 2006 $ 5,000,000 May 19, 2006 $ 5,000,000 May 26, 2006 $ 3,000,000 Upon entry of the Final Order $ 32,000,000 June 30, 2006 $ 10,000,000 July 14, 2006 $ 5,000,000 The outstanding unpaid principal balance and all accrued and unpaid interest under the Term Loan shall be due and payable on the date of termination of this DIP Loan Agreement, whether by its terms, by prepayment, or by acceleration. All amounts outstanding under the Term Loan shall constitute Obligations. No portion of the Term Loan which is repaid or prepaid may be reborrowed.
Making of Term Loan. Each Lender Term Loan shall be made available by each Term Lender to the Agent in same day funds, to the Agent’s designated account, not later than 12:00 noon (Los Angeles time) on the Closing Date. After the Agent’s receipt of the proceeds of such Term Loan, upon satisfaction of the conditions precedent set forth in Article 8, the Agent shall make the proceeds of such Term Loan available to FMC on such date by transferring same day funds equal to the proceeds of such Term Loan received by the Agent to FMC’s Designated Account or as FMC shall otherwise instruct in writing.
