Term Loans; Revolving Commitments Clause Samples

Term Loans; Revolving Commitments. (a) The Borrower and the Term Lenders acknowledge the making of the Original Term Loans under the Original Credit Agreement and agree that, to the extent outstanding on the Restatement Effective Date, the Original Term Loans shall continue to be outstanding as Tranche 1 Term Loans or Tranche 2 Term Loans, as applicable under the Restatement Agreement, pursuant to the terms and conditions of this Agreement and the other Loan Documents. Amounts repaid in respect of the Term Loans may not be reborrowed. (b) Subject to the terms and conditions and relying upon the representations and warranties set forth herein, each Tranche 1 Revolving Lender agrees to make Tranche 1 Revolving Loans to the Borrower from time to time during the Tranche 1 Revolving Availability Period in dollars in an aggregate principal amount that will not result in (i) such Lender’s Tranche 1 Revolving Exposure exceeding its Tranche 1 Revolving Commitment or (ii) the sum of the aggregate Tranche 1 Revolving Exposures exceeding the aggregate Tranche 1 Revolving Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Tranche 1 Revolving Loans. (c) Subject to the terms and conditions set forth herein, Additional Tranche Term Loans and Additional Tranche Revolving Commitments may be established as set forth in Section 2.20.

Term Loans; Revolving Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties set forth herein, each Term Lender agrees to make a Term Loan to the Borrower on the Effective Date in dollars in a principal amount equal to its Term Commitment. Amounts repaid or prepaid in respect of Term Loans may not be reborrowed. (b) Subject to the terms and conditions and relying upon the representations and warranties set forth herein, each Revolving Lender agrees to make Revolving Loans to the Borrower from time to time during the Revolving Availability Period in dollars in an aggregate principal amount that will not result in (i) such Lender's Revolving Exposure exceeding its Revolving Commitment or (ii) the sum of the aggregate Revolving Exposures exceeding the aggregate Revolving Commitments; provided, that the aggregate principal amount of the Revolving Loans made on the Effective Date shall not exceed $50,000,000. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans.