Examples of Term 1 Loan Lender in a sentence
Subject to the terms and conditions set forth in this Agreement, on the Effective Date, each Term 1 Loan Lender severally and not jointly agrees to make a Term 1 Loan to the Borrower in the principal amount set forth for such Term 1 Loan Lender on Schedule I as such Term 1 Loan Lender’s “Term 1 Loan Commitment Amount”.
Promptly after receipt of the Notice of Borrowing under the immediately preceding subsection (d), the Administrative Agent shall notify each Term 1 Loan Lender and Term 2 Loan Lender of the proposed borrowing.
Promptly after receipt of the Notice of Borrowing under the immediately preceding subsection (b), the Administrative Agent shall notify each Term 1 Loan Lender and Term 2 Loan Lender of the proposed borrowing.
Each Term 1 Loan Lender and each Term 2 Loan Lender shall deposit an amount equal to the Term 1 Loan and/or Term 2 Loan to be made by such Lender to the Borrower with the Administrative Agent at the Principal Office, in immediately available funds not later than 10:00 a.m. Central time on the Effective Date.
Upon the funding by each Term 1 Loan Lender of its Term 1 Loan on the Effective Date, the Term 1 Loan Commitment of such Term 1 Loan Lender shall terminate whether or not the full amount of the Term 1 Loan Commitments are funded on such date.
Each Term 1 Loan Lender and each Term 2 Loan Lender shall deposit an amount equal to the Term 1 Loan and/or Term 2 Loan to be made by such Term Loan Lender to the Borrower with the Administrative Agent at the Principal Office, in immediately available funds not later than 9:00 a.m. Pacific time on the Effective Date.