Common use of Term Commitments Clause in Contracts

Term Commitments. Subject to the terms and conditions hereof, (a) each Tranche A Term Lender severally agrees to make a term loan (an “Initial Tranche A Term Loan”) in Dollars to the Borrower on the Closing Date in an amount which will not exceed the amount of the Tranche A Term Commitment of such Lender, and (b) each Tranche B Term Lender severally agrees to make a term loan (an “Initial Tranche B Term Loan”) in Dollars to the Borrower on the Closing Date in an amount which will not exceed the amount of the Tranche B Term Commitment of such Lender. The aggregate outstanding principal amount of the Term Loans for all purposes of this Agreement and the other Loan Documents shall be the stated principal amount thereof outstanding from time to time. The Term Loans may from time to time be Eurocurrency Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.13.

Appears in 3 contracts

Samples: Credit Agreement (Booz Allen Hamilton Holding Corp), Credit Agreement (Booz Allen Hamilton Holding Corp), Credit Agreement (Booz Allen Hamilton Holding Corp)

AutoNDA by SimpleDocs

Term Commitments. Subject to the terms and conditions hereof, (a) each Tranche A Term Lender severally agrees to make a term loan (an a Initial Tranche A Term Loan”) in Dollars to the Borrower on the Closing Date in an amount which will not exceed the amount of the Tranche A Term Commitment of such Lender, Lender and (b) each Tranche B Term Lender severally agrees to make a term loan (an a Initial Tranche B Term Loan”) in Dollars to the Borrower on the Closing Date in an amount which will not exceed the amount of the Tranche B Term Commitment of such Lender. The Borrower and the Lenders acknowledge that the Term Loans funded on the Closing Date will be funded with original issue discount of 2%. Notwithstanding the foregoing, the aggregate outstanding principal amount of the Term Loans for all purposes of this Agreement and the other Loan Documents shall be the stated principal amount thereof outstanding from time to time. The Term Loans may from time to time be Eurocurrency Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.13.

Appears in 3 contracts

Samples: Credit Agreement (Booz Allen Hamilton Holding Corp), Credit Agreement (Booz Allen Hamilton Holding Corp), Credit Agreement (Booz Allen Hamilton Holding Corp)

Term Commitments. Subject to the terms and conditions hereof, (a) each Tranche A Term Lender severally agrees to make a term loan (an “Initial Tranche A Term Loan”) in Dollars to the Borrower on the Closing Date in an amount which will not exceed the amount of the Tranche A Term Commitment of such Lender, and (b) each Tranche B Term Lender severally agrees to make a term loan (an “Initial Tranche B Term Loan”) in Dollars to the Borrower on the Closing Date in an amount which will not exceed the amount of the Tranche B Term Commitment of such Lender. The aggregate outstanding principal amount of the Term Loans for all purposes of this Agreement and the other Loan Documents shall be the stated principal amount thereof outstanding from time to time. The Term Loans may from time to time be Eurocurrency Term SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.132.

Appears in 1 contract

Samples: Credit Agreement (Booz Allen Hamilton Holding Corp)

Term Commitments. (a) Subject to the terms and conditions hereof, (a) each Tranche A New Term Lender severally agrees to make a term loan (an “Initial Tranche A a "New Term Loan") in Dollars to the Borrower NAMM on the Closing Date in an aggregate amount which will not to exceed the amount of the Tranche A New Term Commitment of such Lender, and . (b) Subject to the terms and conditions hereof and in the applicable Incremental Assumption Agreement, each Tranche B Incremental Term Loan Lender under an Incremental Term Facility severally agrees to make a incremental term loan loans (each, an “Initial Tranche B "Incremental Term Loan") in Dollars to the relevant Borrower on the Closing Increased Amount Date for such Facility in an amount which will for such Incremental Term Loan Lender not to exceed the amount of the Tranche B Incremental Term Commitment of such Lender. The aggregate outstanding principal amount Lender in respect of the such Facility. (c) All Original Term Loans for all purposes outstanding under the Existing Credit Agreement on the Closing Date shall remain outstanding hereunder on the terms set forth herein and, in the case of this Agreement and Eurodollar Loans, with the other Loan Documents shall be the stated principal amount thereof outstanding from time to time. same Interest Periods in effect. (d) The Term Loans may from time to time be Eurocurrency Eurodollar Loans or ABR Base Rate Loans, as determined by the Borrower Borrowers and notified to the Administrative Agent in accordance with Sections 2.2 and 2.134.

Appears in 1 contract

Samples: Credit Agreement (Aveta Inc)

AutoNDA by SimpleDocs

Term Commitments. Subject to the terms and conditions hereof, (a) each Tranche A Term Lender severally agrees to make a term loan (an “Initial Tranche A Term Loan”) in Dollars to the Borrower on the Closing Date in an amount which will not exceed the amount of the Tranche A Term Commitment of such Lender, and (b) each Tranche B Term Lender severally agrees to make a term loan (an “Initial Tranche B Term Loan”) in Dollars to the Borrower on the Closing Date in an amount which will not exceed the amount of the Tranche B Term Commitment of such Lender. The aggregate outstanding principal amount of the Term Loans for all purposes of this Agreement and the other Loan Documents shall be the stated principal amount thereof outstanding from time to time. The Term Loans may from time to time be Eurocurrency EurocurrencyTerm SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.13.

Appears in 1 contract

Samples: Credit Agreement (Booz Allen Hamilton Holding Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!