Examples of Term A Loan Commitment Amount in a sentence
The Term A Loan of each Bank shall be evidenced by a Term A Note payable to the order of such Bank in the principal amount equal to such Bank's Term A Loan Commitment Amount.
Upon the Fifth Amendment Effective Date, each Bank shall continue its ratable portion of $20,000,000 of the Banks' existing term loans to the Borrower as a term loan in an amount by such Bank equal to its Term A Loan Commitment Amount (each being a "Term A Loan" and, collectively, the "Term A Loans").
No Term A Loan Lender shall be permitted or required to make any Term A Loan if, after giving effect thereto, the aggregate outstanding principal amount of all Term A Loans of such Term A Loan Lender would exceed such Lender's Term A Loan Percentage of the then existing Term A Loan Commitment Amount.
Each Borrowing of Term A Loans made after the Effective Date shall (i) be in a minimum principal amount of $2,500,000 or, if less, the remaining Term A Loan Commitment Amount and (ii) be accompanied by a written statement from Foamex describing in reasonable detail the terms of the Delayed Purchase being financed by the proceeds of such Borrowing.
Upon the Closing Date, each Bank shall make available to the Borrower a term loan (each being a “Term A Loan” and, collectively, the “Term A Loans”) in an amount by such Bank equal to its Term A Loan Commitment Amount, which Term A Loans shall refinance $15,000,000 of the Existing Revolving Loan Obligations.