Term Loan A Commitments Sample Clauses
The 'Term Loan A Commitments' clause defines the lender's obligation to provide a specific portion of a term loan, typically referred to as 'Term Loan A,' under a credit agreement. This clause outlines the total amount committed, the allocation among participating lenders, and the conditions under which the funds may be drawn by the borrower. For example, it may specify that each lender is responsible for funding a set percentage of the total loan amount on a particular closing date. The core function of this clause is to clearly establish the financial commitments of each lender, ensuring that the borrower knows the available loan amount and the process for accessing those funds.
Term Loan A Commitments. Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender with a Term Loan A Commitment severally agrees to continue the advance of a term loan (the "Term Loan A") to the Borrower and the Co-Borrower on the Closing Date in an amount equal to such Lender's Term Loan A Commitment, which amount represents the then current outstanding principal balance of such Term Loan A as of the Closing Date.
Term Loan A Commitments. With respect to each Lender’s obligation to make its pro rata share of the Term Loan A, and receive payments of principal, interest, fees, costs and expenses with respect thereto, the percentage obtained by dividing (i) the aggregate unpaid principal amount of such Lender’s Term Loan A by (ii) the aggregate unpaid principal amount of the Term Loan A; and
Term Loan A Commitments. The Total Term Loan A Commitment shall terminate at 5:00 p.m. (New York City time) on the Effective Date.
Term Loan A Commitments. Subject to and upon the terms of this Agreement, each Lender severally agrees to make a loan (each a "Term Loan A"; and collectively, the "Term Loans A") to the Borrower in the principal amount set forth below opposite such Lender's name (herein called such Lender's "Term Loan A Committed Amount"). The total of each Lender's Term Loan A Committed Amount is herein called the "Total Term Loan A Committed Amount". The proportionate share set forth below opposite each Lender's name is herein called such Lender's "Term Loan A Pro Rata Share":
Term Loan A Commitments. Subject to and upon the provisions of this Agreement, each Formula Lender severally agrees to make a term loan (each a "Term Loan A") to the Borrower on the Closing Date in the principal amount set forth opposite such Formula Lender's name on the signature page (herein called such Formula Lender's "Term Loan A Committed Amount"). The total of each Formula Lender's Term Loan A Committed Amount is herein called the "Total Term Loan A Committed Amount", which amount is Twenty-Five Million Eight Hundred Thousand Dollars ($25,800,000). The obligation of each Formula Lender to make a Term Loan A is several and is limited to its Term Loan A Committed Amount and such obligation of each Formula Lender is herein called its "Term Loan A Commitment." The Term Loan A Commitment of each of the Formula Lenders is collectively referred to as the "Term Loan A Commitments". Neither the Agent nor any Term Loan B Lender shall be responsible for the Term Loan A Commitment of any Formula Lender; and similarly, none of the Formula Lenders shall be responsible for the Term Loan A Commitment of any of the other Formula Lenders; the failure, however, of any Formula Lender to perform its Term Loan A Commitment shall not relieve any of the other Formula Lenders from the performance of their respective Term Loan A Commitments.
Term Loan A Commitments. The Term Loan A Commitments shall terminate upon the making of the Term Loan A.
Term Loan A Commitments. The Term Loan A Commitments shall terminate upon the making by the Lenders of the Term Loan A to the Borrower in accordance with Section 2.01(b)(ii). and (ii) adding the following new clause (iii) at the end thereof:
Term Loan A Commitments. On the date of each repayment or prepayment of the Term A Loan, the aggregate Term A Commitments of the Lenders shall be automatically and permanently reduced, on a pro rata basis, by an amount equal to the amount by which the aggregate Term A Commitments immediately prior to such reduction exceed the aggregate unpaid principal amount the Term A Loans then outstanding.
Term Loan A Commitments. Subject to and upon the terms of this Agreement, each Lender severally agrees to make a loan (each a "Term Loan A"; and collectively, the "Term Loans A") to the Borrower in the principal amount set forth below opposite such Lender's name (herein called such Lender's "Term Loan A Committed Amount"). The total of each Lender's Term Loan A Committed Amount is herein called the "
Term Loan A Commitments. Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender with a Term Loan A Commitment severally agrees to make a term loan (the "Term Loan A") to the Borrower and the Co-Borrowers on Amendment No. 4 Closing Date in an amount equal to such Lender's Term Loan A Commitment. With respect to each Lender which previously made a Term Loan A to the Borrower and the Co-Borrowers prior to Amendment No. 4 Closing Date, such Lender shall fund an amount equal to the difference between such Lender's Term Loan A Commitment and the principal balance