Common use of Tranche A Term Loans Clause in Contracts

Tranche A Term Loans. Each Lender severally agrees to lend to -------------------- Company on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche A Term Loan Commitments to be used for the purposes identified in subsection 2.5A. The amount of each Lender's Tranche A Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate amount of the Tranche A Term ------------ Loan Commitments is $120,000,000; provided that the Tranche A Term Loan Commitments of Lenders shall be adjusted to give effect to any assignments of the Tranche A Term Loan Commitments pursuant to subsection 10.1B. Each Lender's Tranche A Term Loan Commitment shall expire immediately and without further action on February 16, 1998 if the Tranche A Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche A Term Loan Commitments. Amounts borrowed under this subsection 2.1A(i) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Sealy Corp)

AutoNDA by SimpleDocs

Tranche A Term Loans. Each Lender severally agrees to lend -------------------- to -------------------- Company on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche A Term Loan Commitments to be used for the purposes identified in subsection 2.5A. The amount of each Lender's Tranche A Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate amount of the Tranche A ------------ Term ------------ Loan Commitments is $120,000,000100,000,000; provided that the Tranche A Term -------- Loan Commitments of Lenders shall be adjusted to give effect to any assignments of the Tranche A Term Loan Commitments pursuant to subsection 10.1B. Each Lender's Tranche A Term Loan Commitment shall expire immediately and without further action on February 16October 15, 1998 1997 if the Tranche A Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche A Term Loan Commitments. Amounts borrowed under this subsection 2.1A(i) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Price Communications Wireless Inc)

Tranche A Term Loans. Each Lender that has a Tranche A Term Loan Commitment severally agrees to lend to -------------------- Company on the Closing Date an amount in Dollars not exceeding its Pro Rata Share of the aggregate amount of the Tranche A Term Loan Commitments to be used for the purposes identified in subsection 2.5A. The initial amount of each Lender's ’s Tranche A Term Loan Commitment is set forth opposite its the name of such Lender on Schedule 2.1 annexed hereto 2.1A and the aggregate amount of the Tranche A Term ------------ Loan Commitments is $120,000,000100,000,000; provided that the amount of the Tranche A Term Loan Commitments Commitment of Lenders each Lender shall be adjusted to give effect to any assignments assignment of the Tranche A Term Loan Commitments pursuant to subsection 10.1B. Each Lender's such Tranche A Term Loan Commitment shall expire immediately and without further action on February 16pursuant to subsection 10.1B (in which case, 1998 if the initial amount of such Lender’s Tranche A Term Loans are not made on or before that dateLoan Commitment is set forth in the Assignment Agreement). Company may make only one borrowing under the Tranche A Term Loan Commitments. Amounts borrowed under this subsection 2.1A(i) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Hexcel Corp /De/)

Tranche A Term Loans. Each Lender severally agrees to lend to -------------------- Company on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche A Term Loan Commitments to be used for the purposes identified in subsection 2.5A. The amount of each Lender's Tranche A Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate amount of the Tranche A Term ------------ Loan Commitments is $120,000,00071,000,000; provided that the Tranche A Term Loan Commitments of Lenders shall be adjusted to give effect to any assignments of the Tranche A Term Loan Commitments pursuant to subsection 10.1B. Each Lender's Tranche A Term Loan Commitment shall expire immediately and without further action on February 1615, 1998 1997 if the Tranche A Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche A Term Loan Commitments. Amounts borrowed under this subsection 2.1A(i) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Security Agreement (Outsourcing Solutions Inc)

AutoNDA by SimpleDocs

Tranche A Term Loans. Each Lender severally agrees to lend to -------------------- Company on the Closing Date an amount not exceeding equal to its Tranche A Pro Rata Share of the aggregate amount of the Tranche A Term Loan Commitments to be used for the purposes identified in subsection 2.5A. The amount of each Lender's Tranche A Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate amount of the Tranche A Term ------------ Loan Commitments is $120,000,000200,000,000; provided that the Tranche A Term Loan Commitments of Lenders shall be adjusted to give effect to any assignments of the Tranche A Term Loan Commitments pursuant to subsection 10.1B. Each Lender's Tranche A Term Loan Commitment shall expire immediately and without further action on February 16October 30, 1998 if the Tranche A Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche A Term Loan Commitments. Amounts borrowed under this subsection 2.1A(i) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Security Agreement (Arterial Vascular Engineering Inc)

Tranche A Term Loans. Each Lender severally agrees to lend to -------------------- Company on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche A Term Loan Commitments to be used for the purposes identified in subsection 2.5A. The amount of each Lender's Tranche A Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate amount of the Tranche A Term ------------ Loan Commitments is $120,000,00085,000,000; provided that the Tranche A Term Loan Commitments of Lenders shall be adjusted to give effect to any assignments of the Tranche A Term Loan Commitments pursuant to subsection 10.1B. Each Lender's Tranche A Term Loan Commitment shall expire immediately and without further action on February 1620, 1998 if the Tranche A Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche A Term Loan Commitments. Amounts borrowed under this subsection 2.1A(i) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Mitel Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!