Term Loans; Term Loan Commitments. (a) Subject to the terms and conditions hereof, each Term Loan Lender severally agrees to make a term loan (each, a “Term Loan” and collectively the “Term Loans”) to the Borrower on the Closing Date in an aggregate principal amount equal to the amount of the Term Loan Commitment of such Term Loan Lender. After the funding of the Term Loans on the Closing Date, the Term Loan Commitments shall expire.
Appears in 2 contracts
Samples: Credit Agreement (Physicians Formula Holdings, Inc.), Credit Agreement (Physicians Formula Holdings, Inc.)
Term Loans; Term Loan Commitments. (a) Subject to the terms and conditions hereof, each Term Loan Lender severally agrees to make a term loan (each, a “Term Loan” and collectively the “Term Loans”) Loan to the Borrower on the Closing Date in an aggregate principal amount equal to the amount of the Term Loan Commitment of such Term Loan Lender. After the funding of the Term Loans on the Closing Date, the Term Loan Commitments shall expire.
Appears in 1 contract
Term Loans; Term Loan Commitments. (a) Subject to the terms and conditions hereof, each Term Loan Lender severally agrees to make a term loan (each, a “Term Loan” and collectively collectively, the “Term Loans”) to the Borrower Borrowers on the Closing Date in an aggregate principal amount equal to the amount of the Term Loan Commitment of such Term Loan Lender. After the funding of the its respective Term Loans in an amount equal to its respective Term Loan Commitment on the Closing Date, the each such Lender’s respective Term Loan Commitments shall expire.
Appears in 1 contract
