Term Loan Availability. On the terms and subject to the conditions of this Agreement, each Term Lender severally agrees to advance to the 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 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 Term Proportionate Share of the Term Loan Borrowing. The Borrower may not reborrow the principal amount of any Term Loan after repayment or prepayment thereof.
Appears in 1 contract
Sources: Credit Agreement (Valueclick Inc/Ca)
Term Loan Availability. On the terms and subject to the conditions of this Agreement, each Term Lender severally agrees to advance to the Borrower in a single advance on the Acquisition 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 ’s Term Loan Commitment on the Acquisition 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 Acquisition 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 ’s Term Proportionate Share of the Initial Term Loan Borrowing. The Borrower may not reborrow the principal amount of any Initial Term Loan after repayment or prepayment thereof.
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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 Borrower Borrowers in a single advance on the Acquisition 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 ’s Term Loan Commitment on the Acquisition 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 Acquisition 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 ’s Term Proportionate Share of the Term Loan Borrowing. The Borrower Borrowers may not reborrow the principal amount of any a Term Loan after repayment or prepayment thereof.
Appears in 1 contract
Sources: 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 Borrower Borrowers 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 Borrower Borrowers may not reborrow the principal amount of any Term Loan after repayment or prepayment thereof.
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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 Borrower Borrowers in a single advance on the Acquisition Closing Restatement Effective Date a loan in Dollars under this Section 2.01(a) 2.02 (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 such 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 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 ’s Term Proportionate Share of the Term Loan Borrowing. The Borrower Borrowers may not reborrow the principal amount of any a Term Loan after repayment or prepayment thereof.
Appears in 1 contract
Sources: Credit Agreement (Argosy Gaming Co)
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 Borrower Borrowers in a single advance on the Acquisition 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 ’s Term Loan Commitment on the Acquisition 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 Acquisition 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 ’s Term Proportionate Share of the Term Loan Borrowing. The Borrower Borrowers may not reborrow the principal amount of any a Term Loan after repayment or prepayment thereof.
Appears in 1 contract
Sources: Credit Agreement (Sands Regent)