Examples of Term A Loan Lender in a sentence
Subject to the terms and conditions set forth in this Agreement, each Term A Loan Lender hereby severally agrees to make term loans (each individually, a "Term A Loan" and, collectively, the "Term A Loans") to the Borrower on the Effective Date in an amount not to exceed such Lender's Term A Loan Commitment.
As of the Closing Date, the aggregate outstanding principal amount of Term A Loans is $55,000,000, which Term A Loans continue as outstanding obligations under this Agreement ratably held by each Term A Loan Lender in proportion to their respective Term A Loan Commitments.
All Term A Loans shall be made by the Term A Loan Lenders simultaneously and proportionately to their then respective Pro Rata Shares, it being understood that no Term A Loan Lender shall be responsible for any failure by any other Term A Loan Lender to perform its obligation to make a Term A Loan hereunder nor shall the Term A Loan Commitment of any Term A Loan Lender be increased or decreased as a result of any such failure.
Each Term A Loan Lender set forth on Schedule I-A hereto agrees, severally and not jointly, to make, on the Restatement Date, a Term A Loan to the Borrower as set forth in Section 2.1(b)(i) of the Restated Credit Agreement.
The failure of any Initial Term A Loan Lender to make an Initial Term A Loan shall not relieve any other Initial Term A Loan Lender of its obligations to make an Initial Term A Loan nor shall it impose any additional liability on any other Lender hereunder.