Common use of Term Loan Availability Clause in Contracts

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

Appears in 1 contract

Samples: Credit Agreement (Sands Regent)

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

Appears in 1 contract

Samples: Credit Agreement (Smile Brands Group Inc.)

Term Loan Availability. On the terms and subject to the conditions set forth in of this Agreement, each Term Lender severally agrees to lend advance to the Borrowers Borrower in a single advance on the Funding Date, Closing Date a loan in Dollars under this Section 2.02 in the amount of such Lender’s Term Loan Commitment 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 Funding 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 Funding 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 a 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 set forth in of this Agreement, each Term Lender severally agrees to lend advance to the Borrowers Borrower in a single advance on the Funding Date, Acquisition Closing Date a loan in Dollars under this Section 2.02 in the amount of such Lender’s Term Loan Commitment 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 Funding 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 Funding 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 a any Term Loan after repayment or prepayment thereof.

Appears in 1 contract

Samples: Credit Agreement (Valueclick Inc/Ca)

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