Term C Loans. Subject to the terms and conditions hereof and in the Fourth Amendment, each Term C Dollar Lender agrees to make a loan in Dollars (the “Term C Dollar Loans”) to the Borrower on the Fourth Amendment Effective Date in the aggregate principal amount of such Lender’s Term C Dollar Commitment. No amount of a Term C Dollar Loan which is repaid or prepaid by the Borrower may be reborrowed hereunder. The Term C Dollar Loans shall be denominated in Dollars, shall be maintained as and/or converted into Base Rate Loans or Eurocurrency Loans or a combination thereof, provided, that all Term C Dollar Loans made by the Term C Dollar Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Term C Dollar Loans of the same Type.
Term C Loans. Each Lender having a Term C Loan Commitment agrees, severally in accordance with its Term C Loan Commitment and not jointly with the other Lenders having Term C Loan Commitments, upon the terms and subject to the conditions of this Agreement, to make a single loan to the Borrowers on the Closing Date in a principal amount not to exceed the Term C Loan Commitment of such Lender; provided, that if for any reason the full amount of such Lender’s Term C Loan Commitment is not fully drawn on the Closing Date, the undrawn portion thereof shall automatically be terminated. The Term C Loans may be, from time to time, Base Rate Borrowings or Eurodollar Borrowings or a combination thereof; provided, that on the Closing Date all Borrowings of the Term C Loans shall be Base Rate Borrowings unless the Borrowers have executed a funding indemnity letter in favor of the applicable Lenders in form and substance satisfactory to the Lenders having Term C Loan Commitments. The execution and delivery of this Agreement by the Borrowers and the satisfaction of all conditions precedent pursuant to Article III shall be deemed to constitute the Borrowers’ request to borrow the Term C Loans on the Closing Date. Once repaid, Term C Loans under the Term C Loan Commitment may not be reborrowed.
Term C Loans. (a) The Fronting Term C Lender shall make available a new term loan facility to the Borrower on the Amendment Effective Date in the aggregate amount equal to $425,000,000, which shall constitute the making available of the Term C Loans for the purposes of Section 2.01(a) of the Restated Credit Agreement.
(b) The proceeds of the Term C Loans shall be used by the Borrower, together with the proceeds of the New Term B Loans, to, inter alia, repay in full in cash (i) the aggregate principal amount of the Existing 2007 Term Loans, (ii) the aggregate principal amount of the Existing 2012 Incremental Term Loans, (iii) the aggregate principal amount of the Existing February 2012 Term Loans and (iv) the aggregate principal amount of the Existing May 2012 Term Loans, in each case outstanding on the Amendment Effective Date immediately prior to giving effect to this Agreement, that are not subject to the Term Loan Conversion.
(c) For the purposes of clause (b) above, proceeds of the Term C Loans shall be paid by the Fronting Term C Lender to the Original Administrative Agent who, upon receipt thereof shall repay the Existing Term Loans outstanding on the Amendment Effective Date immediately prior to giving effect to this Agreement, that are not subject to the Term Loan Conversion as directed by the Successor Administrative Agent.
Term C Loans. Each Lender severally made a Term C Loan to the Borrowers prior to the date hereof. The amount of Term C Loans outstanding as of the date hereof is set forth on Schedule 1.1B hereto, such amount comprises the outstanding principal amount of Term C Loans and the PIK Interest paid through the date hereof.
Term C Loans. As of the Closing Date, Bank has made term loans to Borrowers in an aggregate amount equal to Five Million Dollars ($5,000,000) (the “Original Agreement 6 Term C Loan”). Subject to the terms and conditions of this Agreement, from the Closing Date through March 31, 2021, Bank may, in its sole and absolute discretion, make term loans to Borrowers in an aggregate amount not to exceed Five Million Dollars ($5,000,000) (each term loan a “Term C Loan” and collectively with the Original Agreement Term C Loan, the “Term C Loans”; the Term A Loan, each Term B Loan, and each Term C Loan is hereinafter referred to singly as a “Term Loan” and the Term A Loan, the Term B Loans, and the Term C Loans are hereinafter referred to collectively as the “Term Loans”). Each Term C Loan shall be equal to or less than eighty-five percent (85%) of the invoice value of the Eligible Equipment, which any Borrower shall have purchased within one hundred eighty (180) days of the date of the corresponding Term C Loan and as determined by Bank. After repayment, no Term C Loan may be reborrowed.
Term C Loans. Borrowers shall pay the principal amount of each Initial Term C Loan of each Lender as follows: (a) in arrears in quarterly installments equal to 0.25% of the original principal amount of the Initial Term C Loans on the ThirdSixth Amendment Effective Date, each payable on the first Business Day of each Fiscal Quarter commencing on the first Business Day after the Fiscal Quarter ending March 31, 20222025 and (b) a final installment equal to the remaining outstanding principal balance of the Initial Term C Loans, payable on the Termination Date. Unless sooner paid in full, the outstanding principal balance of the Initial Term C Loans must be paid in full on the Termination Date.
Term C Loans. Each Term C Lender, severally and for itself alone, hereby agrees, on the terms and subject to the conditions hereinafter set forth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make a loan (each such loan, a "Term C Loan" and collectively, the "Term C Loans") to Borrower on the Restatement Date in an aggregate principal amount equal to the Term C Commitment of such Term C Lender. The Term C Loans (i) shall be incurred by Borrower pursuant to a single drawing which shall be on the Restatement Date, (ii) shall be denominated in Dollars, (iii) shall be made as Base Rate Loans and, except as hereinafter provided, may, at the option of Borrower, be maintained as and/or converted into Base Rate Loans or Eurodollar Loans, provided, that all Term C Loans made by the Term C Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Term C Loans of the same Type and (iv) shall not exceed for any Lender at the time of incurrence thereof on the Restatement Date that aggregate principal amount which equals the Term C Commitment, if any, of such Lender at such time. No amount of a Term C Loan which is repaid or prepaid by Borrower may be reborrowed hereunder.
Term C Loans. Subject to the terms and conditions herein, each Term C Lender severally agrees to make Term C Loans to the Borrower on the Second Amendment Effective Date in an aggregate amount not to exceed such Term C Lender’s Term C Commitment. Any amount of the Term C Loans repaid or prepaid may not be reborrowed.
Term C Loans. In addition to the conditions set forth in SECTION 5.2, on the Term C Loan Draw Date, the Administrative Agent shall have received, for the account of each Term C Loan Lender, such Lender's Term C Note and executed counterparts of the agreements and documents referenced in SECTION 2.3(c).
Term C Loans. As of the Restatement Date, the outstanding principal amount of the “Term C Loan” (as defined in the Existing Credit Agreement) made to European Holdco is €83,750,000 (the “Outstanding Term C Loan Obligations”). Subject to the terms of this Agreement and in reliance on the representations and warranties of the Borrowers contained herein, each of the parties hereto hereby agrees (x) that the Outstanding Term C Loan Obligations shall be, from and following the Restatement Date, continued and reconstituted as a term loan made to European Holdco under this Agreement (the “Term C Loan”) and (y) that concurrently therewith, the Lenders have assigned the preexisting loans among themselves, such that, after giving effect to the transactions contemplated by this Agreement, the Term C Loans shall be allocated among the Lenders as set forth in Schedule 1.1(a) hereto. Subject to the terms and conditions hereof, each Lender agrees that all of the Outstanding Term C Loan Obligations shall remain outstanding and shall be deemed to be a continuing Term C Loan. The obligations of each Term C Lender hereunder shall be several and not joint. The Borrowers may elect that the Term C Loans be outstanding as Base Rate Loans or Eurocurrency Loans. No amount of a Term C Loan that is repaid or prepaid may be reborrowed hereunder.
