Examples of First Additional Term Loan in a sentence
Subject to the terms and conditions set forth herein, during the First and Second Additional Funding Availability Period, each Term Lender agrees to make a First Additional Term Loan to the Borrower on the First Additional Funding Date denominated in Dollars in a principal amount equal to its First Additional Term Loan Commitment.
The First Additional Term Loan Commitment of each Lender shall be automatically and permanently reduced to $0 upon the earlier of (i) the making of such Xxxxxx’s First Additional Term Loans on the First Additional Funding Date and (ii) the expiration of the First and Second Additional Funding Availability Period.
Subject to the terms and conditions set forth in the Credit Agreement, each Increase Lender severally agrees to make a First Additional Term Loan to the Borrowers on a joint and several basis on the First Additional Term Loan Effective Date (which date shall be the same as the Second Amendment Effective Date).
The First Additional Term Loan Commitment of each Lender shall be automatically and permanently reduced to $0 upon the earlier of (i) the making of such Lender’s First Additional Term Loans on the First Additional Funding Date and (ii) the expiration of the First and Second Additional Funding Availability Period.
SECOND AMENDED AND RESTATED TERM LOAN AGREEMENT AGENTS: THE BANK OF NEW YORK, Individually and as Administrative Agent and Collateral Agent By: --------------------------------- Name: ------------------------------- Title: ------------------------------ First Additional Term Loan Pro Rata Share: [Intentionally Omitted] TOTAL RENAL CARE HOLDINGS, INC.
The Original Term Loan shall be due and payable in full on the Maturity Date, the First Additional Term Loan shall be due and payable in full on the First Additional Term Loan Maturity Date and the Second Additional Term Loan shall be due and payable in full on the Second Additional Term Loan Maturity Date, in each case without defense, set off or counterclaim of any sort.
The proceeds of the Firsts Additional Term Loans shall be used (i) to refinance the Initial Term Loans on the First Additional Term Loan Effective Date and (ii) to finance the acquisition of all of the capital stock of Imagine Technology Group, Inc.
Xxxxxx Title: Vice President First Additional Term Loan Commitment: $0.00 ------------------------------------- First Additional Term Loan Pro Rata Share: 0.00% ----------------------------------------- Pro Rata Share: 0.3750% -------------- Domestic Lending Office: Franklin Xxxxxxxxx Worldwide ----------------------- 000 Xxxxxxxx Xxxxxx Xxxx.
The First Additional Term Loans shall be funded on the First Additional Term Loan Effective Date by each Lender with a Term Loan Commitment in a principal amount equal to such Lender’s Term Loan Percentage of the aggregate principal amount of the First Additional Term Loans, which aggregate principal amount shall equal the total Term Loan Commitment as of the First Additional Term Loan Effective Date.
Subject to its receipt of the notice referred to in the preceding sentence, each New Lender will make the amount of its First Additional Term Loan Pro Rata Share of the First Additional Term Loans available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent set forth in Section 11.2 not later than 12:00 Noon on the relevant Borrowing Date requested by the Borrower, in funds immediately available to the Administrative Agent at such office.