Common use of Term Loans Generally Clause in Contracts

Term Loans Generally. Subject to the terms and conditions hereof, each Term Loan Lender severally agrees to make, in Dollars, in a single draw on the Closing Date, one or more term loans (each, a “Term Loan”) to the Borrower in an aggregate principal amount not to exceed the amount set forth opposite such Term Loan Lender’s name in Schedule A under the heading “Term Loan Commitment,” as such amount may be adjusted or reduced pursuant to the terms hereof.

Appears in 5 contracts

Samples: Credit Agreement (Hd Supply, Inc.), Credit Agreement (Great North Imports, LLC), Credit Agreement (Great North Imports, LLC)

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Term Loans Generally. Subject to the terms and conditions hereof, each Term Loan Lender severally agrees to make, in Dollars, in a single draw on the Closing Date, one or more term loans (each, a “Term Loan”) to the Borrower in an aggregate principal amount not to exceed the amount set forth opposite such Term Loan Lender’s name in Schedule A under the heading “Term Loan Commitment,” as such amount may be adjusted or reduced pursuant to the terms hereof, and the Borrower thereupon shall issue such Term Loan to such Term Loan Lender.

Appears in 1 contract

Samples: Credit Agreement (Great North Imports, LLC)

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