Common use of Term Commitment Clause in Contracts

Term Commitment. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein each Lender severally agrees to make available to the Borrower on the Closing Date such Lender's Term Loan Percentage of a term loan in Dollars (the "Term Loan"; each component thereof may be referred to herein as a "Term Loan") in the aggregate principal amount of SIXTY MILLION DOLLARS ($60,000,000.00) (the "Term Loan Committed Amount"). The Term Loan may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request; provided, however, that no more than 6 Eurodollar Loans which are Term Loans shall be outstanding hereunder at any time (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period). Amounts repaid on the Term Loan may not be reborrowed.

Appears in 1 contract

Samples: Loan Agreement (Aaipharma Inc)

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Term Commitment. Subject to the terms and conditions hereof and --------------- in reliance upon the representations and warranties set forth herein each Lender severally agrees to make available to the Borrower Borrower, subject to the escrow arrangements described in Sections 5.1(j) and 6.15, on the Closing Date such Lender's Term Loan Percentage of a term loan in Dollars (the "Term Loan"; each component thereof may be referred to herein as a "Term Loan") in the aggregate principal amount of SIXTY TWO HUNDRED MILLION --------- DOLLARS ($60,000,000.00200,000,000) (the "Term Loan Committed Amount"). The Term Loan -------------------------- may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request; provided, however, that no more than 6 -------- ------- six (6) Eurodollar Loans which are comprise the Term Loans Loan shall be outstanding hereunder at any time (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period). Amounts repaid on the Term Loan may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Potlatch Corp)

Term Commitment. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein each Lender severally agrees to make available to the Borrower on the Closing Date such Lender's Term Loan Commitment Percentage of a term loan in Dollars (the "Term Loan"; each component thereof may be referred to herein as a "Term LoanTERM LOAN") in the aggregate principal amount of SIXTY ONE HUNDRED MILLION DOLLARS ($60,000,000.00100,000,000) (the "Term Loan Committed AmountTERM LOAN COMMITTED AMOUNT"). The Term Loan may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request; providedPROVIDED, howeverHOWEVER, that no more than 6 ten (10) Eurodollar Loans which are Term Loans shall be outstanding hereunder at any time of which no more than three (3) of such Eurodollar Loans shall be Term Loans (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period). Amounts repaid on the Term Loan may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (National Equipment Services Inc)

Term Commitment. Subject to On the terms and conditions hereof and in reliance upon Closing Date, the representations and warranties set forth herein each Lender severally agrees to make Banks made available to --------------- the Borrower on the Closing Date such LenderBank's Term Loan Percentage of a term loan in Dollars (the "Term Loan"; each component thereof may be referred to herein as a "Term Loan") in the aggregate principal amount of SIXTY THREE HUNDRED --------- MILLION DOLLARS ($60,000,000.00300,000,000) (the "Term Loan Committed Amount"). As of -------------------------- the Amendment Closing Date, the aggregate outstanding amount of the Term Loan is ONE HUNDRED FORTY MILLION DOLLARS ($140,000,000). The Term Loan may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request; provided, however, that no more than 6 -------- ------- five Eurodollar Loans which are comprise the Term Loans Loan shall be outstanding hereunder at any time (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period). Amounts repaid on the Term Loan may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Ethyl Corp)

Term Commitment. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein each Lender severally agrees to make available to the Borrower on the Closing Date such Lender's Term Loan Commitment Percentage of a term loan in Dollars (the "Term Loan"; each component thereof may be referred to herein as a "Term Loan") in the aggregate principal amount of SIXTY ONE HUNDRED MILLION DOLLARS ($60,000,000.00100,000,000) (the "Term Loan Committed Amount"). The Term Loan may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request; provided, however, that no more than 6 ten (10) Eurodollar Loans which are Term Loans shall be outstanding hereunder at any time of which no more than three (3) of such Eurodollar Loans shall be Term Loans (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period). Amounts repaid on the Term Loan may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (M & M Properties Inc)

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Term Commitment. Subject to the terms and conditions hereof and in --------------- reliance upon the representations and warranties set forth herein each Lender severally agrees to make available to the Borrower on the Closing Date such Lender's Term Loan Commitment Percentage of a term loan in Dollars (the "Term Loan"; each component thereof may be referred to herein as a "Term Loan") in the aggregate principal amount of SIXTY ONE HUNDRED --------- MILLION DOLLARS ($60,000,000.00100,000,000) (the "Term Loan Committed ------------------- Amount"). The Term Loan may consist of Base Rate Loans or Eurodollar ------ Loans, or a combination thereof, as the Borrower may request; provided, -------- however, that no more than 6 ten (10) Eurodollar Loans which are Term Loans shall be outstanding ------- hereunder at any time of which no more than three (3) of such Eurodollar Loans shall be Term Loans (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period). Amounts repaid on the Term Loan may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (National Equipment Services Inc)

Term Commitment. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein each Lender severally agrees to make available to the Borrower on the Closing Date such Lender's Term Loan Percentage of a term loan in Dollars (the "Term Loan"; each component thereof may be referred to herein as a "Term Loan") in the aggregate principal amount of SIXTY ONE HUNDRED MILLION DOLLARS ($60,000,000.00100,000,000.00) (the "Term Loan Committed Amount"). The Term Loan may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request; provided, however, that no more than 6 Eurodollar Loans which are Term Loans shall be outstanding hereunder at any time (it being understood that, for purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period). Amounts repaid on the Term Loan may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Aaipharma Inc)

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