Nature of Lenders’ Obligations with Respect to Term Loans; Repayment Terms. The obligations of each Lender to make a Term Loan to the Borrower shall be in the proportion that such Lender's Term Loan Commitment bears to the Term Loan Commitments of all Lenders to the Borrower, but each Lender's Term Loan to the Borrower shall never exceed its Term Loan Commitment. The failure of any Lender to make a Term Loan shall not relieve any other Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Term Loans hereunder after the Closing Date. The Term Loan Commitments are not revolving credit commitments, and the Borrower shall not have the right to borrow, repay and reborrow under Section 3.1 [Term Loan Commitments]. Payments of principal on the Term Loans shall be on the first Business Day following each fiscal quarter end of the Borrower and on the Maturity Date in the amount indicated below:
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Samples: Credit Agreement (Hallador Energy Co), Credit Agreement (Hallador Energy Co)
Nature of Lenders’ Obligations with Respect to Term Loans; Repayment Terms. The obligations of each Lender to make a Term Loan Loans to the Borrower shall be in the proportion that such Lender's ’s Term Loan Commitment bears to the Term Loan Commitments of all Lenders to the Borrower, but each Lender's ’s Term Loan to the Borrower shall never exceed its Term Loan Commitment. The failure of any Lender to make a Term Loan shall not relieve any other Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. The If no Term Loans are drawn prior to the Term Loan Draw Expiration Date, the Lenders shall have no obligation to make Term Loans hereunder after the Closing Datehereunder. The Term Loan Commitments are not revolving credit commitments, and the Borrower shall not have the right to borrow, repay and reborrow under Section 3.1 2.16 [Term Loan Commitments]. Payments of principal on the Term Loans shall be on the first Business Day following each fiscal quarter end of the Borrower and on the Maturity Date in the amount indicated below:.
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Samples: Credit Agreement (Under Armour, Inc.), Credit Agreement (Under Armour, Inc.)
Nature of Lenders’ Obligations with Respect to Term Loans; Repayment Terms. The obligations of each Lender to make a Term Loans to the Borrowers shall equal its Ratable Share of the requested Term Loan; provided that no Lender’s Term Loan to the Borrower shall be in the proportion that such Lender's Term Loan Commitment bears to the Term Loan Commitments of all Lenders to the Borrower, but each Lender's Term Loan to the Borrower shall never exceed its Term Loan Commitment. The failure of any Lender to make a Term Loan shall not relieve any other Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Term Loans hereunder after the Closing Date, and any portion of the Term Loan Commitment not drawn on the Closing Date shall automatically expire. The Term Loan Commitments are not revolving credit commitments, and the Borrower Borrowers shall not have the right to borrow, repay and reborrow under Section 3.1 [Term Loan Commitments]. Payments of principal on the Term Loans shall be on the first Business Day following each fiscal quarter end of the Borrower and on the Maturity Date in the amount indicated below:3.1.
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Nature of Lenders’ Obligations with Respect to Term Loans; Repayment Terms. The obligations of each Lender to make a Term Loan Loans to the Borrower shall be in the proportion that such Lender's Term Loan Commitment bears to the Term Loan Commitments of all Lenders to the Borrower, but each Lender's Term Loan to the Borrower shall never exceed its Term Loan Commitment. The failure of any Lender to make a Term Loan shall not relieve any other Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Term Loans hereunder after the Closing Date. The Term Loan Commitments are not revolving credit commitments, and the Borrower shall not have the right to borrow, repay and reborrow under Section 3.1 [Term Loan Commitments]. Payments of principal on the The Term Loans shall be payable as follows: Commencing on the first Business Day following December 31, 2009, and on each fiscal quarter end thereafter through the fiscal quarter ending September 30, 2012, quarterly payments of the Borrower principal equal to $2,500,000 each, and a lump sum payment of principal equal to $10,000,000 due on the Maturity Date in the amount indicated below:Expiration Date.
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Nature of Lenders’ Obligations with Respect to Term Loans; Repayment Terms. The obligations of each Lender to make a Term Loan Loans to the Borrower shall be in the proportion that such Lender's ’s Term Loan Commitment bears to the Term Loan Commitments of all Lenders to the Borrower, but each Lender's ’s Term Loan to the Borrower shall never exceed its Term Loan Commitment. The failure of any Lender to make a Term Loan shall not relieve any other Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Term Loans hereunder after the Closing Date. The Term Loan Commitments are not revolving credit commitments, and the Borrower shall not have the right to borrow, repay and reborrow under Section 3.1 [Term Loan Commitments]. Payments of principal on the The Term Loans shall be paid in consecutive quarterly principal payment on the first last Business Day following of each fiscal quarter end December, March, June and September with the first payment commencing on December 31, 2013 as follows: (i) twenty consecutive quarterly installments of the Borrower $1,875,000 and (ii) a final installment of all remaining principal due and payable on the Maturity Date in the amount indicated below:Date.
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Samples: Credit Agreement (Gentex Corp)
Nature of Lenders’ Obligations with Respect to Term Loans; Repayment Terms. The obligations of each Lender to make a Term Loan Loans to the Borrower Borrowers shall be in the proportion that such Lender's Xxxxxx’s Term Loan Commitment bears to the Term Loan Commitments of all Lenders to the BorrowerBorrowers, but each Lender's ’s Term Loan to the Borrower Borrowers shall never exceed its Term Loan Commitment. The failure of any Lender to make a Term Loan shall not relieve any other Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Term Loans hereunder after the Closing Date. The Term Loan Commitments are not revolving credit commitments, and the Borrower Borrowers shall not have the right to borrow, repay and reborrow under Section 3.1 [Term Loan Commitments]. Payments The principal balance of principal on the Term Loans shall be on due and payable in consecutive quarterly installments determined by, and as set forth in, the first Business Day following each fiscal quarter end of the Borrower and on the Maturity Date in the amount indicated below:table set forth below (subject,
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Nature of Lenders’ Obligations with Respect to Term Loans; Repayment Terms. The obligations of each Lender to make a Term Loan to the Borrower shall be in the proportion that such Lender's Xxxxxx’s Term Loan Commitment bears to the Term Loan Commitments of all Lenders to the Borrower, but each Lender's ’s Term Loan to the Borrower shall never exceed its Term Loan Commitment. The failure of any Lender to make a Term Loan shall not relieve any other Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Term Loans hereunder after the Closing Date. The Term Loan Commitments are not revolving credit commitments, and the Borrower shall not have the right to borrow, repay and reborrow under Section 3.1 [Term Loan Commitments]. Payments of principal on the Term Loans shall be on the first Business Day following each fiscal quarter end of the Borrower and on the Maturity Date in the amount indicated below:
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Nature of Lenders’ Obligations with Respect to Term Loans; Repayment Terms. The obligations of each Lender to make a Term Loan to the Borrower shall be in the proportion that such Lender's ’s Term Loan Commitment bears to the Term Loan Commitments of all Lenders to the Borrower, but each Lender's ’s Term Loan to the Borrower shall never exceed its Term Loan Commitment. The failure of any Lender to make a Term Loan shall not relieve any other Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Term Loans hereunder after the Closing Date. The Term Loan Commitments are not revolving credit commitments, and the Borrower shall not have the right to borrow, repay and reborrow under Section 3.1 [Term Loan Commitments]. Payments of principal on the Term Loans shall be on the first Business Day following each fiscal quarter end of the Borrower and on the Maturity Date in the amount indicated below:
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Nature of Lenders’ Obligations with Respect to Term Loans; Repayment Terms. The obligations of each Lender to make a Term Loan Loans to the Borrower shall be in the proportion that such Lender's ’s Term Loan Commitment bears to the Term Loan Commitments of all Lenders to the Borrower, but each Lender's ’s Term Loan to the Borrower shall never exceed its Term Loan Commitment. The failure of any Lender to make a Term Loan shall not relieve any other Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Term Loans hereunder after the Closing Date. The Term Loan Commitments are not revolving credit commitments, and the Borrower shall not have the right to borrow, repay and reborrow under Section 3.1 [Term Loan Commitments]. Payments of principal on the The Term Loans shall be on the first Business Day following payable in equal quarterly installments of principal, each fiscal quarter end of the Borrower and on the Maturity Date in the amount indicated below:of $821,428.57, on each Payment Date until the earlier of the Expiration Date or acceleration of the Notes, when the entire unpaid balance of the Term Loans and all other amounts due hereunder and under the Loan Documents shall be paid in full.
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Nature of Lenders’ Obligations with Respect to Term Loans; Repayment Terms. The obligations of each Lender to make a Term Loan Loans to the Borrower Borrowers shall be in the proportion that such Lender's ’s Term Loan Commitment bears to the aggregate Term Loan Commitments of all Lenders to the BorrowerBorrowers, but each Lender's ’s Term Loan to the Borrower Borrowers shall never exceed its individual Term Loan Commitment. The failure of any Lender to make a Term Loan shall not relieve any other Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Term Loans hereunder after the Closing Dateexpiration of the Delayed Draw Term Loan Commitment Period. The Term Loan Commitments are not revolving credit commitments, and the Borrower Borrowers shall not have the right to borrow, repay and reborrow under Section 3.1 [Term Loan Commitments]. Payments of principal on the Term Loans shall be on the first Business Day following each fiscal quarter end of the Borrower and on the Maturity Date in the amount indicated below:.
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Samples: Refinancing Credit Agreement (Westinghouse Air Brake Technologies Corp)