Original Term Loans Clause Samples
The "Original Term Loans" clause defines the initial loans provided under a credit agreement, specifying the principal amounts, terms, and conditions that apply to these original borrowings. Typically, this clause outlines the total amount lent at the outset, the interest rates, repayment schedules, and any specific covenants or requirements attached to these loans. By clearly delineating the terms of the original loans, this clause ensures both parties understand their obligations and rights from the start, thereby reducing the risk of disputes and providing a clear framework for the administration of the loan facility.
Original Term Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders holding Original Term Loans that are not Converted Original Term Loans, the outstanding balance of such Original Term Loans that are not Converted Original Term Loans on the Amendment No. 1 Effective Date.
Original Term Loans. The Borrowers shall, jointly and severally, on the last Business Day of each March, June, September and December, commencing with the last Business Day of March 2011 and ending with the last Business Day of the fiscal quarter preceding the Maturity Date for the Original Term B Loan Facility, repay to the Administrative Agent for the ratable account of the Original Term B Lenders, 0.25% of the aggregate principal amount of all Original Term B Loans outstanding on the Restatement Effective Date (which installments shall be reduced as a result of (i) the application of prepayments in accordance with the order of priority set forth in Section 2.05 or (ii) the application of prepayments in accordance with Section 10.07(k)); provided, that, the final principal repayment installment of the Original Term B Loans shall be repaid on the Maturity Date of the Original Term B Loan Facility and in any event shall be in an amount equal to the aggregate principal amount of all Original Term B Loans outstanding on such Maturity Date.
Original Term Loans. All Tranche A Term Loans, Tranche B Term Loans, Tranche C Term Loans and Tranche D Term Loans outstanding under the Original Amended and Restated Credit Agreement on the Second Restatement Date shall remain outstanding hereunder on the terms set forth herein.
Original Term Loans. The Borrowers shall repay Original Term Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Section 2.11) in U.S. Dollars: Date Amount March 31, 2014 $ 1,769,531 June 30, 2014 $ 1,769,531 September 30, 2014 $ 1,769,531 December 31, 2014 $ 1,769,531 March 31, 2015 $ 2,359,375 June 30, 2015 $ 2,359,375 September 30, 2015 $ 2,359,375 December 31, 2015 $ 2,359,375 March 31, 2016 $ 2,359,375 June 30, 2016 $ 2,359,375 September 30, 2016 $ 2,359,375 December 31, 2016 $ 2,359,375 March 31, 2017 $ 2,949,219 June 30, 2017 $ 2,949,219 September 30, 2017 $ 2,949,219 December 31, 2017 $ 2,949,219 March 31, 2018 $ 2,949,219 June 30, 2018 $ 2,949,219 September 30, 2018 $ 2,949,219 Maturity Date The remaining unpaid principal balance of the Original Term Loans To the extent not previously repaid, all unpaid Original Term Loans shall be paid in full by the Borrowers on the Maturity Date.
Original Term Loans. Subject to the terms and conditions set forth in this Agreement, each Term Lender severally agrees to make a loan to the Borrower in Dollars on the Closing Date in an amount equal to such Term Lender’s Pro Rata Share of the Original Term Loan Commitment. The Original Term Loan Commitment shall expire concurrently with the making of the Original Term Loans on the Closing Date. Once prepaid or repaid, the Original Term Loans may not be reborrowed. The Original Term Loans shall be repaid in accordance with Section 2.4 and Section 2.6.
Original Term Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make aan Original Term Loan to the Borrower on the Closing Date in a principal amount not exceeding such Lender’s Original Term Commitment. Amounts repaid in respect of Original Term Loans may not be reborrowed.
Original Term Loans. Subject to and in reliance upon the terms, conditions, representations, and warranties in the Loan Documents, each Lender severally, but not jointly, agrees to make Original Term Loans to Borrower in a single disbursement on the Restatement Date in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Pro Rata Share of the Aggregate Original Term Loan Commitments. If all or a portion of the Original Term Loan Principal Debt is paid or prepaid, then the amount so paid or prepaid may not be reborrowed. Any portion of the Aggregate Original Term Loan Commitments that remains undisbursed after the initial disbursement under the Original Term Loan Facility shall be reduced to zero and cancelled on the date of such initial disbursement. Original Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.”
Original Term Loans