Term Loan C Lenders definition
Examples of Term Loan C Lenders in a sentence
This Letter Agreement supersedes all prior understandings, whether written or oral, between the Term Loan C Lenders and the Loan Parties with respect to the contents hereof.
This Letter Agreement constitutes the entire agreement among the parties with respect to the subject matter of this Letter Agreement and may only be amended by written agreement signed by the Loan Parties and the Term Loan C Lenders.
Subject to the terms and conditions hereof, each Term Loan C Lender severally agrees to make a term loan (each a "Term Loan C" and collectively the "Term Loans C") to Borrowers on September 21, 2006, or as soon as practicable thereafter, in an amount equal to each such Term Loan C Lender's Term Loan C Commitment, the proceeds of which shall be used to repay Revolving Loans used to pay the purchase price paid by Parent to acquire the Dynamic Assets.
Subject to and in reliance upon the terms, conditions, representations, and warranties in the Loan Papers, each Term Loan C Lender severally and not jointly agrees to lend to Borrower in a single Borrowing on the Closing Date an amount up to such Lender's Committed Sum under Term Loan C; PROVIDED THAT (a) the aggregate Borrowings under Term Loan C from all Term Loan C Lenders shall never exceed the Term Loan C Commitment, and (b) Term Loan C Borrowings may not be repaid and reborrowed.
Agent shall, promptly following its receipt of any payment or prepayment of the Term Loans C, distribute to each Term Loan C Lender its pro rata share (based upon the principal amounts outstanding) of all amounts received by Agent pursuant to this Section 2.2 for each such Term Loan C Lender's respective account.