Common use of Term Commitments Clause in Contracts

Term Commitments. Subject to the terms and conditions hereof, each Term Lender severally agrees to make an initial term loan (the “Initial Term Loan”) to the Borrower on the Closing Date in an amount not to exceed the amount of the Term Commitment of such Lender. The Initial Term Loans shall be either Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 4.3.

Appears in 3 contracts

Samples: Credit Agreement (Auto Disposal of Memphis, Inc.), Credit Agreement (Adesa California, LLC), Credit Agreement (Carbuyco, LLC)

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Term Commitments. Subject to the terms and conditions hereof, each Term Lender severally agrees to make an initial a term loan (the “Initial Term Loan”) to the Borrower Borrowers on the Closing Date in an amount not equal to exceed the amount such Lender’s Term Commitment as of the Term Commitment of such LenderClosing Date. The Initial Term Loans shall be either Loan may from time to time consist of Eurodollar Loans or Base Rate ABR Loans, as determined by the Borrower Borrowers and notified to the Administrative Agent in accordance with Sections 2.2 and 4.32.12.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Amedisys Inc), Credit Agreement (Amedisys Inc)

Term Commitments. Subject to the terms and conditions hereof, each Lender with an Initial Term Lender severally Commitment agrees to make an initial term loan (the “Initial Term Loan”) Loans to the Borrower in Dollars on the Closing Date in an amount not to exceed the amount of the its Initial Term Commitment of such LenderCommitment. The Initial Term Loans shall may from time to time be either Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 4.3.

Appears in 2 contracts

Samples: Credit Agreement (Lantheus Holdings, Inc.), Term Loan Agreement (Lantheus Holdings, Inc.)

Term Commitments. Subject to the terms and conditions hereof, each Initial Term Lender severally agrees to make an initial a term loan (the an “Initial Term Loan”) to the Borrower on the Closing Effective Date in an amount not to exceed the amount of the Initial Term Commitment of such Initial Term Lender. The Initial Term Loans shall may from time to time be either Eurodollar LIBOR Rate Loans or Base Rate ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 4.33.3.

Appears in 1 contract

Samples: Credit Agreement (Innoviva, Inc.)

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Term Commitments. Subject to the terms and conditions hereof, each Initial Term Lender severally agrees to make an initial a term loan (the an “Initial Term Loan”) to the Borrower on the Closing Date in an amount not equal to exceed the amount of the Initial Term Commitment of such Lender. The Initial Term Loans shall may from time to time be either Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 4.3.

Appears in 1 contract

Samples: Credit Agreement (Carmike Cinemas Inc)

Term Commitments. Subject to the terms and conditions hereof, each Term Lender severally agrees to make an initial a term loan (the a Initial Term Loan”) to the Borrower on the Closing First Amendment Effective Date in an amount not to exceed the amount of the Term Commitment of such Lender. The Initial Term Loans shall may from time to time be either Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 4.32.12.

Appears in 1 contract

Samples: Credit Agreement (Autonation Inc /Fl)

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