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.
Appears in 2 contracts
Samples: Primestar Inc, Primestar Inc
Making of Term Loan. Upon satisfaction or waiver of the ------------------- conditions precedent specified in Section 3.2 hereofSECTION 3.2, each Lender shall extend to the 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 Bridge 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.
Appears in 1 contract
Samples: Senior Subordinated Credit Agreement (Petersen Holdings LLC)
Making of Term Loan. Upon satisfaction or waiver of the ------------------- conditions precedent specified in Section 3.2 7.03 hereof, each Lender shall extend to Borrower the Term Loan to be issued on the Conversion Date by such Lender by cancelling canceling 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 2.22.02.
Appears in 1 contract
Samples: Credit Agreement (Princess Beverly Coal Holding Co Inc)
Making of Term Loan. Upon satisfaction or waiver of ------------------- the ------------------- conditions precedent specified in Section 3.2 hereof3.2, each Lender shall extend to Borrower the Company 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 Bridge 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.
Appears in 1 contract
