Acquisition Term Loans. Subject to the terms and conditions set forth herein, each Acquisition Term Lender severally agrees to make a single loan to the Borrower on the Funding Date in an amount not to exceed such Acquisition Term Lender’s Applicable Percentage of the Acquisition Term Commitments. The Acquisition Term Borrowing shall consist of Acquisition Term Loans made simultaneously by the Acquisition Term Lenders in accordance with their respective Applicable Percentages of the Acquisition Term Commitments. Amounts borrowed under this Section 2.01(d) and repaid or prepaid may not be reborrowed. Acquisition Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
Appears in 4 contracts
Samples: Credit Agreement (Echo Pharma Acquisition LTD), Credit Agreement (Echo Pharma Acquisition LTD), Credit Agreement (Echo Pharma Acquisition LTD)
