Common use of Term Loan Availability Clause in Contracts

Term Loan Availability. On the terms and subject to the conditions of this Agreement, each Term Lender severally agrees to advance to the Borrowers in a single advance on the Closing Date a loan in Dollars under this Section 2.01(a) (individually, a “Term Loan”); provided, however, that (i) the principal amount of the Term Loan made by such Term Lender shall not exceed such Term Lender’s Term Loan Commitment on the Closing Date and (ii) the aggregate principal amount of all Term Loans made by all Term Lenders shall not exceed the Total Term Loan Commitment on the Closing Date. The Term Loans shall be made on a pro rata basis by the Term Lenders in accordance with their respective Term Proportionate Shares, with the Term Loan Borrowing to be comprised of a Term Loan by each Term Lender equal to such Term Lender’s Term Proportionate Share of the Term Loan Borrowing. The Borrowers may not reborrow the principal amount of any Term Loan after repayment or prepayment thereof.

Appears in 1 contract

Samples: Credit Agreement (Smile Brands Group Inc.)

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Term Loan Availability. On Subject to Section 8.21 hereof, on the terms and subject to the conditions of set forth in this Agreement, each Term Lender severally agrees to advance lend to the Borrowers in a single advance on the Closing Date Funding Date, a loan in Dollars under this Section 2.01(a) 2.02 in the amount of such Lender’s Term Loan Commitment (individually, a “Term Loan”); provided, however, that (i) the principal amount of the Term Loan made by such Term Lender shall not exceed such Term Lender’s Term Loan Commitment on the Closing Funding Date and (ii) the aggregate principal amount of all Term Loans made by all Term Lenders shall not exceed the Total Term Loan Commitment on the Closing Funding Date. The Term Loans shall be made on a pro rata basis by the Term Lenders in accordance with their respective Term Proportionate Shares, with the Term Loan Borrowing to be comprised of a Term Loan by each Term Lender equal to such Term Lender’s Term Proportionate Share of the Term Loan Borrowing. The Borrowers may not reborrow the principal amount of any a Term Loan after repayment or prepayment thereof.

Appears in 1 contract

Samples: Credit Agreement (Sands Regent)

Term Loan Availability. On Subject to the terms and subject to the conditions of this Agreement, each Term Lender severally agrees to advance to the Borrowers in a single advance Borrower on the Closing Revolving Loan Maturity Date a term loan in Dollars such amount as Borrower may request under this Section 2.01(a) Paragraph 2.02 (individually, a "Term Loan"); provided, however, that (i) the aggregate principal amount of the Term Loan made by such Term Lender shall not exceed the lesser of (i) such Term Lender’s Term Loan 's Commitment on the Closing Date at such time and (ii) the aggregate principal amount of all Term Revolving Loans made by all Term Lenders shall not exceed the Total Term Loan Commitment payable to such Lender on the Closing Datesuch date. The Term Loans shall be made on a pro rata basis by the Term Lenders in accordance with their respective Term Proportionate Shares, with the Term Loan Borrowing to be comprised of a Term Loan by each Term Lender equal to such Term Lender’s Term 's Proportionate Share of the Term Loan Borrowing. The Borrowers Borrower may not reborrow the principal amount of any a Term Loan after repayment or prepayment thereof.

Appears in 1 contract

Samples: Credit Agreement (Acuson Corp)

Term Loan Availability. On the terms and subject to the conditions of this Agreement, each Term Lender severally agrees to advance to the Borrowers Borrower in a single advance on the Closing Date a loan in Dollars under this Section 2.01(a) (individually, a an Initial Term Loan”); provided, however, that (i) the principal amount of the Initial Term Loan made by such Term Lender shall not exceed such Term Lender’s Term Loan Commitment on the Closing Date and (ii) the aggregate principal amount of all Initial Term Loans made by all Term Lenders shall not exceed the Total Term Loan Commitment on the Closing Date. The Initial Term Loans shall be made on a pro rata basis by the Term Lenders in accordance with their respective Term Proportionate Shares, with the Initial Term Loan Borrowing to be comprised of a an Initial Term Loan by each Term Lender equal to such Term Lender’s Term Proportionate Share of the Initial Term Loan Borrowing. The Borrowers Borrower may not reborrow the principal amount of any Initial Term Loan after repayment or prepayment thereof.

Appears in 1 contract

Samples: Credit Agreement (Del Taco Restaurants, Inc.)

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Term Loan Availability. On the terms and subject to the conditions of set forth in this Agreement, each Term Lender severally agrees to advance lend to the Borrowers in a single advance on the Closing Date Funding Date, a loan in Dollars under this Section 2.01(a) 2.02 in the amount of such Lender’s Term Loan Commitment (individually, a “Term Loan”); provided, however, that (i) the principal amount of the Term Loan made by such Term Lender shall not exceed such Term Lender’s Term Loan Commitment on the Closing Funding Date and (ii) the aggregate principal amount of all Term Loans made by all Term Lenders shall not exceed the Total Term Loan Commitment on the Closing Funding Date. The Term Loans shall be made on a pro rata basis by the Term Lenders in accordance with their respective Term Proportionate Shares, with the Term Loan Borrowing to be comprised of a Term Loan by each Term Lender equal to such Term Lender’s Term Proportionate Share of the Term Loan Borrowing. The Borrowers may not reborrow the principal amount of any a Term Loan after repayment or prepayment thereof.

Appears in 1 contract

Samples: Credit Agreement (Sands Regent)

Term Loan Availability. On the terms and subject to the conditions of this Agreement, each Term Lender severally agrees to advance to the Borrowers Borrower in a single advance on the Acquisition Closing Date a loan in Dollars under this Section 2.01(a) (individually, a “Term Loan”); provided, however, that (i) the principal amount of the Term Loan made by such Term Lender shall not exceed such Term Lender’s 's Term Loan Commitment on the Acquisition Closing Date and (ii) the aggregate principal amount of all Term Loans made by all Term Lenders shall not exceed the Total Term Loan Commitment on the Acquisition Closing Date. The Term Loans shall be made on a pro rata basis by the Term Lenders in accordance with their respective Term Proportionate Shares, with the Term Loan Borrowing to be comprised of a Term Loan by each Term Lender equal to such Term Lender’s 's Term Proportionate Share of the Term Loan Borrowing. The Borrowers Borrower may not reborrow the principal amount of any Term Loan after repayment or prepayment thereof.

Appears in 1 contract

Samples: Credit Agreement (Valueclick Inc/Ca)

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