Term A Credit Sample Clauses

Term A Credit. The Term A Credit is available (i) in Sterling by way of XXXXX Advances, (ii) in CDollars by way of Canadian Rate Advances, (iii) in USDollars by way of US Base Rate Advances, (iv) in CDollars by way of Acceptance of Bankers' Acceptances or, as the case may be, BA Equivalent Advances, and (v) in USDollars by way of Term SOFR Advances; Term B Credit: The Term B Credit is available (i) in Sterling by way of XXXXX Advances, (ii) in CDollars by way of Canadian Rate Advances, (iii) in USDollars by way of US Base Rate Advances, (iv) in CDollars by way of Acceptance of Bankers' Acceptances or, as the case may be, BA Equivalent Advances, and (v) in USDollars by way of Term SOFR Advances;
Sample 1
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Term A Credit. The Term A Commitment of each Lender which has a Term A Commitment shall terminate on the Term A Maturity Date.
Sample 1
Term A Credit. Each Borrowing by the Borrower under the Term A Credit will be:
Sample 1
Term A Credit. Subject to the terms hereof, the Borrower shall permanently repay to the Administrative Agent, for distribution to the Term A Lenders (in accordance with their respective Pro Rata Shares under the Term A Credit), on each Business Day set forth below, the principal amount set forth below opposite such repayment date: Payment Date Repayment Amount December 17, 2003 $ 2,000,000 December 17, 2004 $ 2,000,000 December 17, 2005 $ 2,000,000 December 17, 2006 $ 2,000,000 December 17, 2007 $ 2,000,000 Subject to the terms hereof and the principal payments required as set forth above, the Borrower shall repay all Accommodation outstanding under the Term A Credit, together with all accrued interest, fees and other amounts then unpaid by it with respect to such Accommodation on the Maturity Date for the Term A Credit, and the Term A Credit and all of the Commitments of all of the Lenders under the Term A Credit shall be automatically terminated at such time.
Sample 1

Related to Term A Credit

  • Term Loan Commitment As to each Term Loan Lender, the amount equal to such Term Loan Lender’s Term Loan Commitment Percentage of the aggregate principal amount of the Term Loans from time to time outstanding to the Borrower.

  • Loan Commitment Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $11,900,000 in the aggregate (the "Loan") consisting of $5,950,000 of 7-year Tranche advances and $5,950,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."

  • Term A Loan The Borrower shall repay the outstanding principal amount of the Term A Loan in equal quarterly installments of $8,437,500 on the last Business Day of each March, June, September and December, beginning with March 31, 2017 (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), with the outstanding principal balance of the Term A Loan due on the Term A Maturity Date, unless accelerated sooner pursuant to Section 9.02.

  • Term Facility Subject to the provisions of subsection (d) below, (i) each Eurodollar Rate Loan under the Term Facility shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Margin for the Term Facility; and (ii) each Base Rate Loan under the Term Facility shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Margin for the Term Facility.

  • Increase in Revolving Credit Facility The references to “$15,000,000” in Section 2.1 of the Credit Agreement and in Section 2.2(a) of the Credit Agreement are deleted and are replaced by “$20,000,000”.

  • Revolving Credit Commitment Fee The Borrower shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed) on the average daily Unused Revolving Credit Commitments. Such commitment fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the date hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.

  • Term Loan Commitments Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender severally agrees to make a term loan (the “Term Loan”) to the Borrower on the Closing Date in such principal amount as the Borrower shall request up to, but not exceeding such Lender’s Term Loan Commitment.

  • Revolving Loan Commitment Each Lender with a Revolving Loan Commitment agrees to make loans on a revolving basis (“Revolving Loans”) from time to time until the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts as the Company may request from all Lenders; provided that the Revolving Outstandings will not at any time exceed Revolving Loan Availability.

  • Term Loan The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Loan in whole or in part together with the applicable Prepayment Premium; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of LIBOR Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of LIBOR Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan shall be applied in the inverse order of maturity with respect to the remaining amortization payments. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. On the date of any voluntary prepayment of any Term Loan pursuant to this Section 2.05(a)(ii), the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, whether before or after an Event of Default, the applicable Prepayment Premium. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Term B Loans The Borrower shall repay to the Administrative Agent for the ratable account of the Term B Lenders the aggregate principal amount of all Term B Loans outstanding in quarterly installments as follows (which installments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05(b)(iv)), each such payment to be made on or prior to the date specified below: Aggregate Term B Loan Principal Payment Date Amortization Payment September 30, 2008 $ 1,275,000 December 31, 2008 $ 1,275,000 March 31, 2009 $ 1,275,000 June 30, 2009 $ 1,275,000 September 30, 2009 $ 1,275,000 December 31, 2009 $ 1,275,000 March 31, 2010 $ 1,275,000 June 30, 2010 $ 1,275,000 September 30, 2010 $ 1,275,000 December 31, 2010 $ 1,275,000 March 31, 2011 $ 1,275,000 June 30, 2011 $ 1,275,000 September 30, 2011 $ 1,275,000 00 Xxxxxxxxx Xxxx X Loan Principal Payment Date Amortization Payment December 31, 2011 $ 1,275,000 March 31, 2012 $ 1,275,000 June 30, 2012 $ 1,275,000 September 30, 2012 $ 1,275,000 December 31, 2012 $ 1,275,000 March 31, 2013 $ 1,275,000 June 30, 2013 $ 1,275,000 September 30, 2013 $ 1,275,000 December 31, 2013 $ 1,275,000 March 31, 2014 $ 1,275,000 Term B Loan Maturity Date All remaining outstanding principal amounts of the Tranche B Loans provided that the final principal repayment installment of the Term B Loans shall be repaid on the Term B Loan Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term B Loans outstanding on such date.

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