Common use of Tranche A Term Loans Clause in Contracts

Tranche A Term Loans. Each Tranche A Term Loan Lender severally agrees, on the terms and conditions of this Agreement, to make term loans to the Borrowers in Dollars in up to three drawings at any time during the period from and including the Closing Date through and including the date (the "Tranche A Term Loan Commitment Expiration Date") 100 days after the Closing Date (provided that if such date is not a Business Day, the Tranche A Term Loan Commitment Expiration Date shall be the next succeeding Business Day) in an aggregate principal amount up to but not exceeding the amount of the Tranche A Term Loan Commitment of such Lender. Subject to the terms and conditions of this Agreement, on the date of such drawing, the Borrowers may borrow the Tranche A Term Loan Commitments by means of Base Rate Loans and Eurodollar Loans, and thereafter the Borrowers may Convert Tranche A Term Loans of one Type into Tranche A Term Loans of another Type (as provided in Section 2.09 hereof) or Continue Tranche A Term Loans of one Type as Tranche A Term Loans of the same Type (as provided in Section 2.09 hereof). Amounts prepaid or repaid in respect of Tranche A Term Loans may not be reborrowed. Proceeds of Tranche A Term Loans hereunder shall be available for any use permitted under Section 8.16(a) hereof. Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Mediacom Communications Corp)

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Tranche A Term Loans. Each Tranche A Term Loan Lender severally agrees, on the terms and conditions of this Agreement, to make term loans to the Borrowers in Dollars in up to three drawings at any time during the period from and including the Closing Date through and including the date (the "β€œTranche A Term Loan Commitment Expiration Date"”) 100 days after the Closing Date (provided that if such date is not a Business Day, the Tranche A Term Loan Commitment Expiration Date shall be the next succeeding Business Day) in an aggregate principal amount up to but not exceeding the amount of the Tranche A Term Loan Commitment of such Lender. Subject to the terms and conditions of this Agreement, on the date of such drawing, the Borrowers may borrow the Tranche A Term Loan Commitments by means of Base Rate Loans and Eurodollar Loans, and thereafter the Borrowers may Convert Tranche A Term Loans of one Type into Tranche A Term Loans of another Type (as provided in Section 2.09 hereof) or Continue Tranche A Term Loans of one Type as Tranche A Term Loans of the same Type (as provided in Section 2.09 hereof). Amounts prepaid or repaid in respect of Tranche A Term Loans may not be reborrowed. Proceeds of Tranche A Term Loans hereunder shall be available for any use permitted under Section 8.16(a) hereof. Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Mediacom Capital Corp)

Tranche A Term Loans. Each Tranche A Term Loan Lender severally agrees, on the terms and conditions of this Agreement, to make term loans to the Borrowers in Dollars in up to three drawings at any time during the period from and including the Closing Iowa Acquisition Consummation Date through to and including the date (the "Tranche A Term Loan Commitment Expiration Date") 100 days after the Closing Date (provided that if such date is not a Business Day, the Tranche A Term Loan Commitment Expiration Date shall be the next succeeding Business Day) in an aggregate principal amount up to but not exceeding the amount of the Tranche A Term Loan Commitment of such Lender. Subject to the terms and conditions of this Agreement, on the date of during such drawing, period the Borrowers may borrow the Tranche A Term Loan Commitments by means of Base Rate Loans and Eurodollar Loans, and thereafter the Borrowers may Convert Tranche A Term Loans of one Type into Tranche A Term Loans of another Type (as provided in Section 2.09 hereof) or Continue Tranche A Term Loans of one Type as Tranche A Term Loans of the same Type (as provided in Section 2.09 hereof). Amounts prepaid or repaid in respect of Tranche A Term Loans may not be reborrowed. Proceeds of Tranche A Term Loans hereunder shall be available for any use permitted under the first sentence of Section 8.16(a8.17(b) hereof. Credit AgreementAnything herein to the contrary notwithstanding, the Tranche A Term Loan Commitments will become available on the Iowa Acquisition Consummation Date only so long as (i) the same shall occur on or before November 30, 2001, (ii) the full original aggregate committed amounts of the Tranche B Term Loan Commitments shall have been drawn on or before such date and applied to the consummation of one or more of the Broadband Acquisitions (i.e. not including proceeds of Tranche B Term Loans held in escrow pursuant to Section 2.01(g) hereof) and (iii) no prepayments of any Tranche B Term Loans pursuant to Section 2.09 hereof shall have occurred subsequent to the date of such drawing of Tranche B Term Loans (it being understood that, as provided in Section 2.04(c) hereof, the Tranche A Term Loan Commitments shall be automatically terminated on November 30, 2001 if they do not become available hereunder on or before said date).

Appears in 1 contract

Samples: Credit Agreement (Mediacom Communications Corp)

Tranche A Term Loans. Each Tranche A Term Loan Lender severally agrees, on the terms and conditions of this Agreement, to make a term loans loan to the Borrowers Borrower in Dollars in up to three drawings at any time during the period from and including on the Closing Date through and including on the date (the "Tranche A Term Loan Commitment Expiration Date") 100 days after the Closing Deferred Drawdown Date (provided that if such date is not a Business Day, the Tranche A Term Loan Commitment Expiration Date shall be the next succeeding Business Day) in an aggregate principal amount up equal to but not exceeding the amount of the Tranche A Term Loan Commitment of such LenderLender (of which not less than 20% shall be funded on the Closing Date and the remainder shall be funded on the Deferred Drawdown Date), such loan to be used to finance the Transactions and to pay related fees and expenses. Subject to the terms and conditions of this Agreement, on the date of such drawing, the Borrowers may borrow the Tranche A Term Loan Commitments by means of Base Rate Loans and Eurodollar Loans, and thereafter the Borrowers Borrower may Convert Tranche A Term Loans of one Type into Tranche A Term Loans of another Type (as provided in Section 2.09 hereof2.09) or Continue Tranche A Term Loans of one Type as Tranche A Term Loans of the same Type (as provided in Section 2.09 hereof2.09). Amounts prepaid or repaid in respect Each Tranche A Term Loan shall be made by a Tranche A Term Loan Lender pro rata based on such Lender's Tranche A Term Loan Commitment Percentage. The aggregate sum of the amount of the Tranche A Term Loans may made on the Closing Date and the Deferred Drawdown Date shall not be reborrowed. Proceeds of exceed the Tranche A Term Loans hereunder shall be available for Loan Commitments or, with respect to any use permitted under Section 8.16(a) hereof. Credit AgreementLender, its Tranche A Term Loan Commitment.

Appears in 1 contract

Samples: Credit Agreement (Pricellular Corp)

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Tranche A Term Loans. Each Tranche A Term Loan Lender severally -------------------- agrees, on the terms and conditions of this Agreement, to make a single term loans loan to the Borrowers Borrower in Dollars in up to three drawings at any time during on the period from Amendment and including the Closing Restatement Date through and including the date (the "Tranche A Term Loan Commitment Expiration Date") 100 days after the Closing Date (provided that if such date is not a Business Day, the Tranche A Term Loan Commitment Expiration Date shall be the next succeeding Business Day) in an aggregate principal amount up equal to but not exceeding the amount of the Tranche A Term Loan Commitment of such Lender, such loan to be used to finance the transactions contemplated hereby and to pay related fees and expenses. Subject to the terms and conditions of this Agreement, on the date of such drawing, the Borrowers may borrow the Tranche A Term Loan Commitments by means of Base Rate Loans and Eurodollar Loans, and thereafter the Borrowers Borrower may Convert Tranche A Term Loans of one Type into Tranche A Term Loans of another Type (as provided in Section 2.09 hereof2.09) or Continue Tranche A Term Loans of one Type as Tranche A Term Loans of the same Type (as provided in Section 2.09 hereof2.09). Amounts prepaid or repaid in respect Each Tranche A Term Loan shall be made by a Tranche A Term Loan Lender pro rata based on such Lender's Tranche A Term Loan Commitment Percentage. The --- ---- aggregate sum of the amount of the Tranche A Term Loans may made on the Amendment and Restatement Date shall not be reborrowed. Proceeds of exceed the Tranche A Term Loans hereunder shall be available for Loan Commitments or, with respect to any use permitted under Section 8.16(a) hereof. Credit AgreementLender, its Tranche A Term Loan Commitment.

Appears in 1 contract

Samples: Credit Agreement (Princess Beverly Coal Holding Co Inc)

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