Common use of Term Facility Loans Clause in Contracts

Term Facility Loans. (i) [Reserved]. (ii) [Reserved]. (iii) [Reserved]. (i) Each Lender with a Tranche A Term Facility Commitment agrees, severally and not jointly, on the terms and conditions of this Agreement, to make Term Facility Loans to Borrower in Dollars from time to time, on any Business Day during the applicable Term Facility Availability Period, in an aggregate principal amount at any one time outstanding not exceeding the amount of the Tranche A Term Facility Commitment of such Term Facility Lender as in effect from time to time. (ii) Each Lender with a Tranche B Term Facility Commitment agrees, severally and not jointly, on the terms and conditions of this Agreement, to make Term Facility Loans to Borrower in Dollars from time to time, on any Business Day during the applicable Term Facility Availability Period, in an aggregate principal amount at any one time outstanding not exceeding the amount of the Tranche B Term Facility Commitment of such Term Facility Lender as in effect from time to time. (iii) Each Lender with a Tranche C Term Facility Commitment agrees, severally and not jointly, on the terms and conditions of this Agreement, to make Term Facility Loans to Borrower in Dollars from time to time, on any Business Day during the applicable Term Facility Availability Period, in an aggregate principal amount at any one time outstanding not exceeding the amount of the Tranche C Term Facility Commitment of such Term Facility Lender as in effect from time to time. (iv) Each Lender with a Tranche D Term Facility Commitment agrees, severally and not jointly, on the terms and conditions of this Agreement, to make Term Facility Loans to Borrower in Dollars from time to time, on any Business Day during the applicable Term Facility Availability Period, in an aggregate principal amount at any one time outstanding not exceeding the amount of the Tranche D Term Facility Commitment of such Term Facility Lender as in effect from time to time. It is the understanding, agreement and intention that once made pursuant to this Section 2.01(b), any Term Facility Loans shall be part of the same Tranche, indistinguishable from one another.

Appears in 2 contracts

Samples: Credit Agreement (Wynn Las Vegas LLC), Credit Agreement (Wynn Resorts LTD)

AutoNDA by SimpleDocs

Term Facility Loans. (i) [Reserved]. (ii) [Reserved]. (iii) [Reserved]. (i) Each Lender with a Tranche A Term Facility Commitment agrees, severally and not jointly, on the terms and conditions of this Agreement, to make Term Facility Loans to Borrower in Dollars from time to time, on any Business Day during the applicable Term Facility Availability Period, in an aggregate principal amount at any one time outstanding not exceeding the amount of the Tranche A Term Facility Commitment of such Term Facility Lender as in effect from time to time. (ii) Each Lender with a Tranche B Term Facility Commitment agrees, severally and not jointly, on the terms and conditions of this Agreement, to make Term Facility Loans to Borrower in Dollars from time to time, on any Business Day during the applicable Term Facility Availability Period, in an aggregate principal amount at any one time outstanding not exceeding the amount of the Tranche B Term Facility Commitment of such Term Facility Lender as in effect from time to time. (iii) Each Lender with a Tranche C Term Facility Commitment agrees, severally and not jointly, on the terms and conditions of this Agreement, to make Term Facility Loans to Borrower in Dollars from time to time, on any Business Day during the applicable Term Facility Availability Period, in an aggregate principal amount at any one time outstanding not exceeding the amount of the Tranche C Term Facility Commitment of such Term Facility Lender as in effect from time to time. (iv) Each Lender with a Tranche D Term Facility Commitment agrees, severally and not jointly, on the terms and conditions of this Agreement, to make Term Facility Loans to Borrower in Dollars from time to time, on any Business Day during the applicable Term Facility Availability Period, in an aggregate principal amount at any one time outstanding not exceeding the amount of the Tranche D Term Facility Commitment of such Term Facility Lender as in effect from time to time. It is the understanding, agreement and intention that once made pursuant to this Section 2.01(b), any Term Facility Loans shall be part of the same Tranche, indistinguishable from one another.

Appears in 2 contracts

Samples: Credit Agreement (Wynn Las Vegas LLC), Credit Agreement (Wynn Resorts LTD)

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