The Bridge Loans Clause Samples

The Bridge Loans. (a) In reliance upon the representations and warranties of the Borrower set forth herein and subject to the terms and conditions herein set forth, each of the Lenders severally agrees to make a Bridge Loan to the Borrower on the Closing Date in the amount of such Lender's Commitment. The proceeds of each Bridge Loan shall be disbursed by wire transfer on the Closing Date as provided in written instructions delivered by the Borrower to each of the Lenders on or prior to the third Business Day prior to the Closing Date. Each Bridge Loan will mature on the Initial Maturity Date or, in the case of an extension pursuant to Section 2.2, the Final Maturity Date. Any portion of any Lender's Commitment not utilized in the drawdown on the Closing Date will terminate on the Closing Date. Once repaid or prepaid, the Bridge Loans may not be reborrowed. (b) Each Lender shall have the unconditional right, at any time after sixty (60) days from the Closing Date, to convert the Bridge Loans held by such Lender into senior subordinated increasing rate notes (the "CONVERSION NOTES") at its sole discretion; the Conversion Notes shall have substantially the same terms as the Bridge Loans, shall be issued under an indenture which complies with the Trust Indenture Act and shall be "restricted securities" as defined by the Securities Act of 1933 but shall have the same registration rights as set forth under the heading "Registration Rights" in EXHIBIT C hereto. Each Lender may elect such conversion by giving irrevocable written notice of such election to the Borrower, the Agents and, if appointed, the trustee for the Conversion Notes specifying the principal amount of its Bridge Loan to be converted (which shall be at least $1,000,000 and integral multiples of $1,000 in excess thereof) and subject to Section 6.1, the name of the proposed registered holder and, subject to the terms of the indenture for the Conversion Notes, the amount of each Conversion Note requested (each such notice, a "CONVERSION NOTICE"). Any Conversion Notice shall set forth the date on which such conversion shall occur (the "CONVERSION DATE") and shall be given (i) in the case of the initial Conversion Notice, at least 30 days prior to the initial issuance of the Conversion Notes and (ii) in the AGCO Bridge Loan Agreement case of subsequent Conversion Notices, at least 30 days prior to the initial issuance of the Conversion Notes or at least three Business Days prior to any subsequent issuance of the Conver...

The Bridge Loans. Subject to the terms and conditions set forth herein, each Bridge Lender severally agrees to make a single loan in an amount equal to its Pro Rata Share of the Bridge Facility to the Borrower on the Effective Date. The Bridge Borrowing shall consist of Bridge Loans made simultaneously by the Bridge Lenders in accordance with their respective Pro Rata Share of the Bridge Facility. Amounts borrowed under this SECTION 2.01 and repaid or prepaid may not be reborrowed. Bridge Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

The Bridge Loans. 16 SECTION 2.02. Method of Bridge Borrowing....................... 16 SECTION 2.03.

The Bridge Loans. (a) Subject to the terms and conditions set forth herein, each Lender severally agrees to make a loan (each a “Bridge Loan”) to the Borrower on the Closing Date in the amount of such Lender’s Commitment. The Bridge Borrowing shall consist of Bridge Loans made simultaneously by the Lenders in accordance with their respective Applicable Percentage of the Bridge Facility. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. (b) Each Lender shall make the amount of its Bridge Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Closing Date. Upon satisfaction of the conditions set forth in Section 4.01, the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of Banc of America Bridge with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower. (c) The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest Period upon determination of such interest rate.

The Bridge Loans. Subject to the terms and conditions hereof, on up to three occasions during the Availability Period, comprising the Initial Closing Date, the Second Closing Date and the Third Closing Date, respectively, each Lender severally agrees to make Bridge Loans to the Borrower, provided that the Bridge Loans made by each Lender shall not exceed the unused amount of such Lender’s Commitment at such time and the aggregate principal amount of the Bridge Loans made by all the Lenders shall not exceed, in any event, $850,000,000 (subject to increase pursuant to Section 2.13 and reduction in accordance with Section 2.05). The Borrowing shall consist of Bridge Loans made simultaneously by the Lenders in accordance with their respective Commitments. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. Bridge Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

The Bridge Loans. From time to time prior to the Bridge Termination Date, each Bridge Bank severally agrees, on the terms and conditions set forth in this Agreement, to lend to the Borrower from time to time amounts not to exceed in the aggregate at any one time outstanding the amount of its Bridge Loan Commitment. Each Bridge Borrowing under this Section shall be in an aggregate principal amount of $1,000,000 or any larger multiple of $500,000 (except that any such Bridge Borrowing may be in the aggregate amount of the unused Bridge Commitments) and shall be made from the several Bridge Banks ratably in proportion to their respective Bridge Commitments. Within the foregoing limits, the Borrower may borrow under this Section, repay, or to the extent permitted by Section 2.10 or Section 2.11, prepay Bridge Loans and reborrow at any time prior to the Bridge Termination Date under this Section.

The Bridge Loans. 21 SECTION 2.2. EXTENSION OF INITIAL MATURITY DATE.................................................................. 22 SECTION 2.3. OPTION TO EXCHANGE BRIDGE LOANS FOR EXCHANGE NOTES.................................................. 22 SECTION 2.4. INTEREST; PAYMENT IN KIND OPTION; AND DEFAULT INTEREST.............................................. 23 SECTION 2.5. COMMITMENT FEE...................................................................................... 24 SECTION 2.6.