The Term Loan Borrowing. Subject to the terms and conditions set forth herein, each Term Loan Lender severally agrees to make a single loan to the Borrower on the Initial Funding Date in an amount not to exceed such Term Loan Lender’s Term Loan Commitment Percentage of the Term Loan Facility. The Term Loan Borrowing shall consist of Term Loans made simultaneously by the Term Loan Lenders in accordance with their respective Applicable Percentage of the Term Loan Facility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
The Term Loan Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to the Borrower on the Closing Date in an amount not to exceed such Term Lender’s Term Loan Commitment. The Term Loan Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Term Loan Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
The Term Loan Borrowing. (i) Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make Dollar denominated loans to the Borrowers (available in either Dollars or in Yen), on the Closing Date in the aggregate principal amount as to all Term Lenders not to exceed the Term Loan Commitment on a Dollar Equivalent Basis, and otherwise in accordance with the terms of this Agreement. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed except as permitted under Section 2.05(c)(vii).
(ii) Notwithstanding the foregoing, since any fluctuations in the Spot Rate have not been subjected to any Swap Contract, the principal amount of Yen borrowings outstanding and/or available under the Term Loans may fluctuate both upwards and downwards as a result of Spot Rate adjustments made from time to time on Revaluation Dates, and any principal prepayments by Borrowers or principal reborrowings extended by Term Lenders pursuant to Section 2.05(c)(vii) shall not be subject to any premium, penalty or other similar charge hereunder, including the prepayment premium set forth in Section 2.05(a), so long as, after giving effect to such principal prepayment or reborrowing, the Dollar Equivalent of such principal amount of Yen borrowings outstanding under the Term Loans does not exceed the then Current Permitted Term Loan Principal Amount.”
The Term Loan Borrowing. Subject to the terms and conditions set forth herein, each Term Loan Lender severally agrees to make a loan to the Borrower from time to time, on any Business Day during the Availability Period for the Term Loan Facility, in an aggregate amount such that after giving effect to such Term Loan and the aggregate of Existing Term Loans held by such Lender after giving effect to the provisions of Section 10.20, such Lender’s Term Loans do not exceed such Term Loan Lender’s Term Loan Commitment; provided, however, that after giving effect to the Term Loan Borrowing, the Total Outstandings shall not exceed the Borrowing Base then in effect. Each Term Loan Borrowing shall consist of Term Loans made simultaneously by the Term Loan Lenders in accordance with their respective Applicable Percentage of the Term Loan Facility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. Notwithstanding the foregoing, the parties hereto acknowledge and agree that (i) as of the Closing Date after giving effect to Section 10.20 of this Agreement, the Existing Lenders had outstanding to the Borrower under the Existing Credit Agreement Term Loans (as defined in the Existing Credit Agreement) in the principal amount of $43,000,000, (ii) such Existing Term Loans are hereby deemed extended, continued and advanced as Term Loans hereunder and held by the Lenders hereunder, (iii) from and after the Closing Date, such Existing Term Loans shall be subject to and governed by the terms and conditions of this Agreement as Term Loans, (iv) as of the Closing Date, the Term Loan Lenders have each acquired their Applicable Percentage of the Existing Term Loans.
The Term Loan Borrowing. (i) Subject to the terms and conditions set forth herein, each Term Loan Lender severally agrees to make a single loan to the Borrowers on the Funding Date in an amount equal to such Term Loan Lender’s Term Loan Commitment Percentage of the Term Loan Facility. The Term Loan Borrowing shall consist of Term Loans made simultaneously by the Term Loan Lenders in accordance with their respective Applicable Percentage of the Term Loan Facility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Segments of the Term Loan may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
(ii) Not later than 1:00 P.M. on the Funding Date, each Term Loan Lender shall, pursuant to the terms and subject to the conditions of this Agreement, make the amount of its Term Loan Commitment Percentage of the Term Loan Facility available by wire transfer to the Administrative Agent. Such wire transfer shall be directed to the Administrative Agent at the Administrative Agent’s Office and shall be in the form of immediately available, freely transferable Dollars. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to the Borrowers by delivery of the proceeds thereof as shall be directed by a Responsible Officer and reasonably acceptable to the Administrative Agent. The initial Borrowing of the Term Loan shall be a single Eurodollar Rate Segment, subject to conversion after the Funding Date in accordance with a Committed Loan Notice delivered on the Funding Date pursuant to Section 4.02(a)(iv) (or, if no Committed Loan Notice is so delivered on the Funding Date with respect to the Term Loan, thereafter in accordance with Section 2.02).
The Term Loan Borrowing. Subject to the terms and conditions set forth herein, each Term Loan Lender severally agrees to make up to two loans to the Borrower from time to time, on any Business Day during the Availability Period for the Term Loan Facility, in an aggregate amount not to exceed such Term Loan Lender’s Term Loan Commitment; provided, however, that each Term Loan Borrowing shall be in a minimum principal amount of $20,000,000 or, if less, the entire remaining aggregate amount of the Term Loan Commitments at such time and provided further, after giving effect to any Term Loan Borrowing, the Total Outstandings shall not exceed the Borrowing Base then in effect. Each Term Loan Borrowing shall consist of Term Loans made simultaneously by the Term Loan Lenders in accordance with their respective Applicable Percentage of the Term Loan Facility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
The Term Loan Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan in Dollars to the Borrower on the Closing Date in an amount not to exceed such Term Lender’s Term Loan Commitment. The Term Loan Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Loan Facility. After the funding of the Term Loans on the Closing Date, the Term Loan Commitments shall terminate, and amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
The Term Loan Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to AJI in Yen on the Closing Date in an aggregate amount not to exceed such Term Lender’s Term Loan Commitment. The Term Loan Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Term Loan Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may only be Eurodollar Rate Loans, except as provided in Section 2.02(c).
The Term Loan Borrowing. Subject to the terms and conditions set forth herein, each Lender severally agrees to make to the Borrower a single Term Loan on the Financial Closing Date in a principal amount up to but not exceeding such Lender’s Term Loan Commitment. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Any portion of the Term Loan Commitments that shall remain undrawn at 5:00 p.m., New York City time, on the Financial Closing Date shall be terminated.
The Term Loan Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make loans to the Borrowers in Dollars or in Yen, on the Closing Date in an aggregate amount as to all Term Lenders not to exceed the Term Loan Commitment and otherwise in accordance with the terms of this Agreement. The Term Loan Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Term Loan Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed.
