Amount of Term Loans Sample Clauses
Amount of Term Loans.ĚýSubject to the terms and conditions set forth in this Agreement, each Lender on the Closing Date severally and not jointly agrees to make on the Closing Date, a term loan, in Dollars, to the Borrower in an amount equal to such Lender's Term Loan Commitment (each individually, a "TERM LOAN" and, collectively, the "TERM LOANS"). All Term Loans shall be made by the Lenders on the Closing Date simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Term Loan hereunder nor shall the Term Loan Commitment of any Lender be increased or decreased as a result of any such failure.
Amount of Term Loans.ĚýUpon the satisfaction of the conditions precedent set forth in Sections 5.1, on the Transaction Closing Date, each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make a term loan to the Borrower on the Transaction Closing Date, in Dollars, in an amount not to exceed such Lender’s Commitment at such time (an â€�Initial Term Loanâ€� and, together with any Additional Term Loan made pursuant to Section 2.5(b)(i), the “Term Loansâ€�). Term Loans borrowed and repaid may not be reborrowed. The Term Loans made on the Transaction Closing Date or on or before the third (3rd) Business Day thereafter shall initially be Floating Rate Loans and thereafter may be continued as Floating Rate Loans or converted into Eurodollar Rate Loans in the manner provided in Section 2.9 and subject to the other conditions and limitations therein set forth and set forth in this Article II and set forth in the definition of Interest Period. On the Termination Date, the Borrower shall repay in full the outstanding principal balance of the Term Loans made to it.
Amount of Term Loans.ĚýSubject to the terms and ---------- -------------------- conditions set forth in this Agreement, each Term Loan Lender on the Effective Date severally and not jointly agrees to make on the Effective Date, a term loan, in Dollars to the Company and/or Gasboy in an aggregate amount equal to such Lender's Term Loan Commitment (each individually, a "TERM LOAN" and, collectively, the "TERM LOANS"). All Term Loans shall be made by the Term Loan Lenders on the Effective Date simultaneously and proportionately to their respective Term Loan Percentages, it being understood that no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Term Loan hereunder nor shall the Term Loan Commitment of any Lender be increased or decreased as a result of any such failure.
Amount of Term Loans.ĚýAll Term Loans shall be made by the Lenders simultaneously in the amount of their respective Term Loan Commitment, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender's obligation to make a Term Loan hereunder nor shall any Term Loan Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender's obligation to make a Term Loan hereunder.
Amount of Term Loans.ĚýSubject to the terms and conditions set forth in this Agreement, each Lender severally and not jointly agrees to make on the initial Credit Extension Date, a term loan, available in a single draw in dollars, to the Borrower in an amount equal to the amount set forth opposite such Lender's name under the heading "Term Loan" on SCHEDULE 1.1 hereto (each individually, a "TERM LOAN" and, collectively, the "TERM LOANS"). All Term Loans shall be made by the Lenders on the initial Credit Extension Date simultaneously, it being understood that (i) except to the extent separately agreed in writing between a particular Lender and the Borrower, no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Term Loan hereunder nor shall the Term Loan required of any Lender be increased as a result of any such failure and (ii) no Lender shall be obligated to make its Term Loan unless all Lenders are simultaneously making their Term Loans.
Amount of Term Loans.ĚýSubject to the terms and conditions set forth in this Agreement, each Lender on the Closing Date severally and not jointly agrees to make on or after the Closing Date but prior to February 1, 1999, term loans, in Dollars, to the Borrower in an aggregate amount equal to such Lender's Term Loan Commitment (each individually, a "TERM LOAN" and, collectively, the "TERM LOANS"). All Term Loans shall be made by the Lenders on or after the Closing Date but prior to February 1, 1999 simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Term Loan hereunder nor shall the Term Loan Commitment of any Lender be increased or decreased as a result of any such failure.
Amount of Term Loans.ĚýThe principal balance of the "Term Loans" (as defined in the Predecessor Agreement) outstanding on the Effective Date is $18,571,428.60, which "Term Loans" shall continue as Term Loans hereunder and, in each case, shall be subject to and governed by the terms and provisions of this Agreement and are re-evidenced by the Term Notes and re-allocated among the Term Lenders as reflected in the Term Notes and on SCHEDULE 1.01.9.
Amount of Term Loans.ĚýSubject to the terms and conditions set forth in this Agreement, each Lender on the date that is not later than five (5) Business Days following the Closing Date and as specified in the applicable Borrowing Notice severally and not jointly agrees to make on the specified date, a term loan, in Dollars, to the Borrower in an amount equal to such Lender's Term Loan Commitment (each individually, a "TERM LOAN" and, collectively, the "TERM LOANS"). All Term Loans shall be made by the Lenders on the specified date for borrowing simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Term Loan hereunder nor shall the Term Loan Commitment of any Lender be increased or decreased as a result of any such failure.
Amount of Term Loans.ĚýEach Lender severally agrees to make a term loan (any such term loan being referred to as a "Term Loan" and such term loans being referred to collectively as the "Term Loans") to the Borrower on the Closing Date, upon the satisfaction of the conditions precedent set forth in Article 10, in an amount equal to such Lender's Pro Rata Share of an amount equal to the lesser of (i) $66,000,000 or (ii) the sum of (A) one hundred percent (100%) of the appraised orderly liquidation value of Equipment of the Borrower and LDM Canada; plus (B) eighty percent (80%) of the fair market value of all owned Real Estate of the Borrower and LDM Canada. The Term Loans shall initially be Base Rate Term Loans.
Amount of Term Loans.ĚýSubject to the terms and conditions set forth in the Original Credit Agreement, each Term Loan Lender party thereto on the Original Credit Agreement Effective Date severally and not jointly made a term loan, in Dollars, to the Borrower in an amount equal to such Term Loan Lender's Term Loan Commitment (each individually, a "Term Loan" and, collectively, the "Term Loans"). All Term Loans were made by the Term Loan Lenders on the Original Credit Agreement Effective Date simultaneously and proportionately to their respective Term Loan Pro Rata Shares and such Term Loans remain outstanding subject to the terms of this Agreement notwithstanding the amendment and restatement of the Original Credit Agreement.