Common use of Tranche C Term Loans Clause in Contracts

Tranche C Term Loans. Each Tranche C Term Loan Lender having a Tranche C Term Loan Commitment severally agrees to lend to Company on the Amended and Restated Credit Agreement Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche C Term Loan Commitments, to be used for the purposes identified in subsection 2.5A. The amount of each Tranche C Term Loan Lender's Tranche C Term Loan Commitment is set forth opposite such Tranche C Term Loan Lender's name on SCHEDULE 2.1 annexed hereto, and the aggregate amount of the Tranche C Term Loan Commitments is $70,000,000; PROVIDED that the Tranche C Term Loan Commitments of Tranche C Term Loan Lenders shall be adjusted to give effect to any assignments of the Tranche C Term Loan Commitments pursuant to subsection 10.1B. Each Tranche C Term Loan Lender's Tranche C Term Loan Commitment shall expire immediately and without further action on the earlier of (i) May 6, 1999, if the Tranche C Term Loans are not made on or before that date and (ii) at the close of business on the Amended and Restated Credit Agreement Closing Date. Company may make only one borrowing under the Tranche C Term Loan Commitments. Amounts borrowed under this subsection 2.1A(vi) and subsequently repaid or prepaid may not be reborrowed.

Appears in 2 contracts

Samples: Credit Agreement (Decrane Holdings Co), Credit Agreement (Audio International Inc)

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Tranche C Term Loans. Each Tranche C Term Loan Lender having a Tranche C Term Loan Commitment severally agrees (a) to lend to Company on the Amended Effective Date (in the case of Tranche C Term Loans other than Delayed-Draw Term Loans) and Restated Credit Agreement Closing (b) to lend to Company within 120 days after the Effective Date (in the case of Delayed-Draw Term Loans) an aggregate amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche C Term Loan Commitments, Commitments to be used for the purposes identified in subsection 2.5A. 2.5B. The amount of each Tranche C Term Loan Lender's Tranche C Term Loan Commitment is set forth opposite such Tranche C Term Loan Lender's its name on SCHEDULE Schedule 2.1 annexed hereto, hereto and the aggregate amount of the Tranche C Term Loan Commitments is $70,000,000225,000,000; PROVIDED provided that the Tranche C Term Loan Commitments of Tranche C Term Loan Lenders shall be adjusted to give effect to any assignments of the Tranche C Term Loan Commitments pursuant to subsection 10.1B. Each Tranche C Term Loan Lender's Tranche C Term Loan Commitment shall expire immediately immedi- ately and without further action on the earlier of (i) May 6February 15, 1999, 1997 if the initial Tranche C Term Loans are not made on or before that date date, and (ii) at each Lender's Tranche C Term Loan Commitment in respect of the close of business Delayed-Draw Term Loans shall expire immediately and without further action on the Amended and Restated Credit Agreement Closing Datedate that is 120 days after the Effective Date in the event that the Delayed-Draw Term Loans are not made on or before that date. Company may make only one borrowing two borrowings under the Tranche C Term Loan Commitments. Amounts borrowed under this subsection 2.1A(vi2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Sherman Acquisition Corp)

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Tranche C Term Loans. Each Tranche C Term Loan Lender having a Tranche C Term Loan Commitment severally agrees (a) to lend to Company on the Amended Effective Date (in the case of Tranche C Term Loans other than Delayed-Draw Term Loans) and Restated Credit Agreement Closing (b) to lend to Company within 120 days after the Effective Date (in the case of Delayed-Draw Term Loans) an aggregate amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche C Term Loan Commitments, Commitments to be used for the purposes identified in subsection 2.5A. 2.5B. The amount of each Tranche C Term Loan Lender's Tranche C Term Loan Commitment is set forth opposite such Tranche C Term Loan Lender's its name on SCHEDULE Schedule 2.1 annexed hereto, hereto and the aggregate amount of the Tranche C Term Loan Commitments is $70,000,000225,000,000; PROVIDED provided that the Tranche C Term Loan Commitments of Tranche C Term Loan Lenders shall be adjusted to give effect to any assignments of the Tranche C Term Loan Commitments pursuant to subsection 10.1B. Each Tranche C Term Loan Lender's Tranche C Term Loan Commitment shall expire immediately and without further action on the earlier of (i) May 6February 15, 1999, 1998 if the initial Tranche C Term Loans are not made on or before that date date, and (ii) at each Lender's Tranche C Term Loan Commitment in respect of the close of business Delayed-Draw Term Loans shall expire immediately and without further action on the Amended and Restated Credit Agreement Closing Datedate that is 120 days after the Effective Date in the event that the Delayed-Draw Term Loans are not made on or before that date. Company may make only one borrowing two borrowings under the Tranche C Term Loan Commitments. Amounts borrowed under this subsection 2.1A(vi2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Gulf State Credit LLP)

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