The Term Loans. Subject to the terms and conditions of this Agreement, on the date hereof, the Term Loan Lenders, severally and not jointly, shall make term loans ("Term Loans") to Borrower in an amount equal to each Term Loan Lender's Term Loan Commitment Percentage of $58,000,000 as set forth on Schedule 1 hereto, and Borrower shall execute and deliver to each Term Loan Lender a Term Loan Note to evidence the Term Loan made by such Term Loan Lender to Borrower hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Asc East Inc), Credit Agreement (American Skiing Co /Me)
The Term Loans. Subject to the terms and conditions of this Agreement, on the date hereof, the Term Loan Lenders, severally and not jointly, shall make term loans (the "Term Loans") to Borrower the Borrowers in an amount equal to each Term Loan Lender's Term Loan Commitment Percentage of $58,000,000 30,000,000 as set forth on Schedule SCHEDULE 1 hereto, hereto and Borrower the Borrowers shall execute and deliver to each Term Loan Lender a Term Loan Note to evidence the Term Loan made by such Term Loan Lender to Borrower the Borrowers hereunder.
Appears in 1 contract
The Term Loans. Subject to the terms and conditions of this Agreement, on the date hereof, the Term Loan Lenders, severally and not jointly, shall make term loans (the "Term Loans") to Borrower the Borrowers in an amount equal to each Term Loan Lender's Term Loan Commitment Percentage of $58,000,000 75,000,000 as set forth on Schedule SCHEDULE 1 hereto, hereto and Borrower the Borrowers shall execute and deliver to each Term Loan Lender a Term Loan Note to evidence the Term Loan made by such Term Loan Lender to Borrower the Borrowers hereunder.
Appears in 1 contract