This excerpt taken from the YSI 8-K filed Dec 8, 2009.
Section 2.2. Term Loans.
(a) Term Loans. Subject to the terms and conditions hereof, including without limitation, Section 2.15., each Lender severally and not jointly agrees to make a Term Loan to the Borrower on the Effective Date in an aggregate principal amount of up to, but not exceeding, the amount of such Lenders Term Commitment. Upon funding of the Term Loans, the Term Commitments shall terminate. Once repaid, the principal amount of any Term Loan may not be reborrowed.
(b) Requesting Term Loans. The Borrower shall give the Agent notice (which notice must be received by the Agent no later than 11:00 a.m. on the date that is one Business Day prior to the anticipated Effective Date) requesting that the Lenders make the Term Loans on the Effective Date and specifying the amount of Term Loans to be borrowed. Upon receipt of such notice the Agent shall promptly notify each Lender. The Notice of Borrowing provided by the Borrower in the preceding sentence shall be irrevocable once given and binding on the Borrower.
(c) Disbursements of Term Loan Proceeds. No later than 1:00 p.m. on the Effective Date, each Lender will make available for the account of its applicable Lending Office to the Agent at the Principal Office, in immediately available funds, the proceeds of the Term Loan to be made by such Lender. Subject to satisfaction of the applicable conditions set forth in Article VI. for such borrowing, the Agent will make the proceeds of such borrowing available to the Borrower no later than 2:00 p.m. on the Effective Date.
(d) Repayment of Term Loans Outstanding under Existing Credit Agreement. The Borrower and the Lenders agree that on the Effective Date all Term Loans (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement shall be repaid with the proceeds of the Term Loans to be made by the Lenders hereunder on the Effective Date.