Tranche A Commitment. Subject to the terms and conditions of this Agreement, each Lender agrees (severally, not jointly or jointly and severally) to make, from time to time prior to the Availability Termination Date, a series of term loans to Borrowers (each, a "Tranche A Advance" and collectively the "Tranche A Advances") in an aggregate amount at any one time outstanding not to exceed such Lender's Pro Rata Share of the Tranche A Commitment. Each Tranche A Advance shall be made in accordance with such Lender's Pro Rata Share at such times and in such amounts as any Borrower may request in writing, shall be advanced directly to the applicable vendor or Borrower and once borrowed may be prepaid in whole or in part without penalty or premium at any time during the term of this Agreement upon 30 days prior written notice by such Borrower to Agent, all such prepaid amounts to be applied to the installments due on all of the Tranche A Advances in the inverse order of their maturity. Amounts borrowed and repaid may not be reborrowed. The foregoing to the contrary notwithstanding, (a) each requested Tranche A Advance shall be in a principal amount of not less than (i) $500,000, or (ii) such lesser amount as is the then unfunded balance of the Tranche A Commitment, (b) each Tranche A Advance shall be in an amount, as determined by Agent, not to exceed such Borrower's invoice cost (including shipping, freight, and installation) with respect to new Gaming Equipment that is to be purchased in the ordinary course of business by a Borrower with the proceeds of such Tranche A Advance, (c) the new Gaming Equipment that is to be acquired or that has been purchased by Borrowers must be for Gaming Equipment listed on Schedule 7.17 hereto and be otherwise acceptable to Agent in all respects, not be a fixture, and not be intended to be affixed to real property or to become installed in or affixed to other goods, and (d) no Lender shall have any obligation to fund any Tranche A Advance hereunder to the extent that the making thereof would cause the then outstanding amount of Tranche A Advances to exceed the Tranche A Commitment. All amounts outstanding under the Tranche A Commitment shall constitute Obligations.
Tranche A Commitment. From and including the Closing Date to (but excluding) the Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to (a) make Loans (each, a "Tranche A Revolving Loan") to Astec, (b) to participate in Facility Letters of Credit for the account of Astec up to but not exceeding the Facility Letter of Credit Limit, (c) to participate in Swing Line Loans for the account of Astec up to but not exceeding the Swing Line Limit, each from time to time in amounts not to exceed in the aggregate at any one time outstanding the lesser of (x) such Lender's Tranche A Commitment, and (y) such Lender's Revolving Commitment (less such Lender's Percentage of any Revolving Loan Obligations at such time). Subject to the terms of this Agreement, Astec may borrow, repay and reborrow, and Astec may request the issuance of Facility Letters of Credit, at any time prior to the Facility Termination Date. The Tranche A Commitment shall expire on the Facility Termination Date.
Tranche A Commitment. (a) The Tranche A Commitment of HSBC Bank plc in its capacity as a Bank as at the Signing Date will be US$50,000,000 (unless it agrees in writing with the Parent to increase its Tranche A Commitment up to a specified amount).
Tranche A Commitment. (a) From time to time on any Business Day during the period from and after the Effective Date to the earlier to occur of (x) Tranche A Availability Termination Date and (y) any Commitment Termination Date relating to all Commitments or to the Tranche A Commitment, the Lender will make Tranche A Loans to the Borrower equal to the amount of the Tranche A Loan requested by the Borrower to be made on such day in the applicable Borrowing Request therefor. On the terms and subject to the conditions of this Agreement, the Borrower may from time to time borrow, prepay and reborrow Tranche A Loans.
Tranche A Commitment. Subject to the terms and conditions of this Loan Agreement, Lenders agree to advance to Borrowers (the “Tranche A Advances”) from time to time on or prior to April 30, 2008, one or more term loans in an aggregate principal amount of up to Ten Million Dollars ($10,000,000) (the “Tranche A Commitment”).
Tranche A Commitment. On and subject to the terms and conditions of this Reimbursement and Pledge Agreement, the Fronting Bank agrees to issue, extend and renew for the account of Mont Re one or more standby letters of credit (a “Tranche A Letter of Credit”), from time to time before the Tranche A Commitment Termination Date and, as more fully set forth in §2.2, each Tranche A Lender agrees to purchase a participation in such Tranche A Letters of Credit, provided, however, that after giving effect to any request for such issuance, extension or renewal, (a) the Total Outstandings shall not exceed the Total Commitment at any one time, (b) the sum of the Tranche A Outstanding Amount shall not exceed the Total Tranche A Commitment at any one time, and (c) the Total Outstandings shall not exceed the Collateral Coverage Amount. The Borrowers, the Fronting Bank and the Lenders agree that the Existing Letters of Credit listed on Schedule 2.1.1 shall continue to be Tranche A Letters of Credit hereunder.
Tranche A Commitment. Upon and subject to the terms and conditions hereof, (i) each Fronting Bank (subject to the definition thereof) hereby agrees to issue Tranche A Fronted Letters of Credit in Dollars or an Alternative Currency at the request of and for the account of each Designated Subsidiary Borrower from time to time during the Availability Period (it being agreed that JPMorgan Chase Bank shall not be required to extend or increase any Existing Letter of Credit which is a Tranche A Letter of Credit), (ii) each Tranche A Lender that is not a Participating Bank hereby agrees to issue Tranche A Several Letters of Credit in Dollars at the request of and for the account of each Designated Subsidiary Borrower from time to time during the Availability Period in such Lender’s Applicable Percentage of such aggregate stated amounts as such Designated Subsidiary Borrower may from time to time request, (iii) each Tranche A Lender hereby agrees to purchase risk participations in the obligations of the issuing Fronting Bank under Tranche A Fronted Letters of Credit in an amount equal of such Tranche A Lender’s Applicable Percentage of such obligations, and (iv) with respect to Tranche A Several Letters of Credit, the applicable Fronting Bank shall be severally (and not jointly) liable for an amount equal to its Applicable Percentage plus each Participating Bank’s Applicable Percentage of the amount of such Several Letter of Credit and each Participating Bank hereby agrees to purchase risk participations in the obligations of such Fronting Bank under any such Tranche A Several Letter of Credit in an amount equal to such Participating Bank’s Applicable Percentage of such obligations; provided, however, that after giving effect to any Credit Extension pursuant to this Section 2.01(a), (A) the Tranche A L/C Obligations outstanding shall not exceed the combined Tranche A Commitments, (B) the Tranche A L/C Obligations of any Designated Subsidiary Borrower shall not exceed such Designated Subsidiary Borrower’s Borrowing Base, and (C) the Tranche A L/C Obligations of any Tranche A Lender will not exceed such Lender’s Tranche A Commitment.
Tranche A Commitment. Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender with a Tranche A Commitment severally agrees to make a term loan (the "Tranche A Term Loan") to the Borrower on the Restatement Effective Date in such principal amount as the Borrower shall request up to, but not exceeding, such Lender's Tranche A Commitment.
Tranche A Commitment. Section 1.01 of the Loan Agreement is hereby amended by deleting clause (b) of the definition of “Tranche A Commitment” in its entirety and substituting “[intentionally omitted]” therefor.
Tranche A Commitment. On and subject to the terms and conditions of this Agreement, (a) each of the Revolving Lenders, severally and for itself alone, agrees to make loans to the Company on a revolving basis (the “Tranche A Loans”) from time to time before the Revolving Commitment Termination Date in such Revolving Lender’s Revolving Percentage of such aggregate amounts as the Company may from time to time request from all Revolving Lenders under the aggregate Tranche A Commitments, provided that (i) the aggregate principal amount of all Tranche A Loans which all Revolving Lenders shall have outstanding at any one time shall not exceed an amount equal to (A) the aggregate amount of the Tranche A Commitments minus (B) the Stated Amount of all outstanding Tranche A Letters of Credit and (ii) the making of such Loans shall be subject to the limitation contained in Section 2.2(c); and (b) the Issuing Bank agrees to issue Letters of Credit at the request of and for the account of the Company (the “Tranche A Letters of Credit”), from time to time before the Revolving Commitment Termination Date and, as more fully set forth in Section 2.7, each Revolving Lender agrees to purchase a participation in each such Tranche A Letter of Credit, provided that (i) the aggregate Stated Amount of all Tranche A Letters of Credit shall not at any time exceed the lesser of (A) the Dollar Equivalent of $25,000,000 or (B) an amount equal to (x) the aggregate amount of the Tranche A Commitments minus (y) the aggregate principal amount of all outstanding Tranche A Loans and (ii) the issuance of such Letters of Credit shall be subject to the limitations contained in Section 2.2(e).
