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Term Loan Commitments
Term Loan Commitments contract clause examples

Term Loan B Commitments . Subject to the terms and conditions hereof, and relying upon the representations and warranties herein specified, each Lender with a Term Loan B Commitment severally agrees to make a term loan (the “Term Loan B”) to the Borrower on the Closing Date in a principal amount equal to such Lender’s Term Loan B Commitment.

Term Loan A Commitments . Subject to the terms and conditions hereof, and relying upon the representations and warranties herein specified, each Lender with a Term Loan A Commitment severally agrees to make a term loan (the “Term Loan A”) to the Borrower on the Closing Date in a principal amount equal to such Lender’s Term Loan A Commitment.

Term Loan C Commitments . Subject to the terms and conditions hereof, and relying upon the representations and warranties herein specified, each Lender with a Term Loan C Commitment severally agrees to make a term loan (the “Term Loan C”) to the Borrower on the Closing Date in a principal amount equal to such Lender’s Term Loan C Commitment.

Term Loan D Commitments . Subject to the terms and conditions hereof, and relying upon the representations and warranties herein specified, each Lender with a Term Loan D Commitment severally agrees to make a term loan (the “Term Loan D”) to the Borrower on the Closing Date in a principal amount equal to such Lender’s Term Loan D Commitment.

Term Loan B Commitment” or “Term Loan B Commitments” means, as to each Term Loan B Lender, the amount equal to such Term Loan B Lender’s Term Loan B Commitment Percentage of the aggregate principal amount of the Term Loan B Loans from time to time outstanding and the obligation of such Lender to make Term Loan B Loans on the terms and conditions set forth herein, as such amount may be modified from time to time pursuant to the terms hereof.

Term B Loan Commitment” means, as to each Lender, its obligation to make its portion of the Term B Loan to the Borrower on the Closing Date pursuant to [Section 2.01(b)], in the principal amount set forth opposite such Lender’s name on [Schedule 2.01]. The aggregate principal amount of the Term B Loan Commitments of all of the Lenders as in effect on the Effective Date is $0.

Term Loan B Commitment” means, as to each Term Loan B Lender, the amount equal to such Term Loan B Lender’s Term Loan B Commitment Percentage of the aggregate principal amount of the Term Loan B Loans from time to time outstanding and the obligation of such Lender to make Term Loan B Loans on the terms and conditions set forth herein, as such amount may be modified from time to time pursuant to the terms hereof.

Term B Loans. Subject to the terms and conditions set forth herein, each Term B Lender severally agrees to make a Term B Loan to the Borrower on the Closing Date in an aggregate amount not to exceed the amount of such Term B Lender’s Term B Commitment. The Borrowing under the Term B Facility shall consist of Term B Loans made simultaneously by the Term B Lenders in accordance with their respective Term B Commitments. Amounts borrowed under this [Section 2.01(c)] and repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

The obligations of each Lender with a Term Loan B Commitment to make a Term Loan B to the Borrower shall equal its Ratable Share of the aggregate Term Loan B Commitments; provided that no Lender’s Term Loan B to the Borrower shall exceed its Term Loan B Commitment. The failure of any Lender to make a Term Loan B shall not relieve any other Lender of its obligations to make a Term Loan B nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Term Loans B hereunder after the Closing Date, and any portion of the Term Loan B Commitments not drawn on the Closing Date shall automatically expire. The Term Loan B Commitments are not revolving credit commitments, and the Borrower shall not have the right to borrow, repay and reborrow under [Section 3.3] [Term Loan B Commitments].

Term Loan Commitments. Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender severally agrees to make a Term Loan to the Borrower on the Closing Date (the “Initial Term Loans”) in Dollars in such principal amount as the Borrower shall request up to, but not exceeding such Lender’s Term Loan Commitment in effect on the Closing Date.

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