Common use of First Amendment Term Loan Clause in Contracts

First Amendment Term Loan. Subject to the terms and conditions of this Agreement, (i) each Lender severally agrees to make available to the Borrowers on the First Amendment Effective Date such Lender’s Percentage of a term loan in Dollars (the “First Amendment Term Loan”) in the aggregate principal equal to the Term Facility Commitment Amount for the purposes hereinafter set forth; (ii) as set forth more fully in Section 1.1(c), the Lenders will make the Revolving Loans to the Borrowers and (ii) as set forth more fully in Section 1.1(b), the Swing Line Lender will make the Swing Line Loan to the Borrowers. Amounts repaid or prepaid on the Term Loan may not be reborrowed. The proceeds of the First Amendment Term Loan shall be used to prepay, in full, the aggregate principal amount of the Initial Term Loan outstanding as of the First Amendment Effective Date. From an after the First Amendment Effective Date, the obligations with respect to the Initial Term Loan shall be reduced to $0. It is understood and agreed that from and after the First Amendment Effective Date, all references to the Term Loan shall mean the term loan made to the Borrowers on the First Amendment Effective Date. The Loans, including the Swing Line Loan, shall bear interest and be payable in accordance with the terms and conditions of this Agreement and the Notes. The Notes shall be executed and delivered to each respective Lender on the date hereof and thereafter, from time to time, as and when requested by the Administrative Agent, acting at the direction of any Lender.

First Amendment Term Loan. (i) Subject to the terms and conditions of this AgreementAgreement and relying on the representations and warranties set forth herein, (i) each Lender Lender, severally and not jointly, agrees to make available provide its share of the First Amendment Term Loan to the Borrowers Borrower on the First Amendment Effective Date in Dollars in a principal amount equal to such Lender’s Percentage of First Amendment Date Commitment. No Lender shall have an obligation to make a term loan in Dollars (the “First Amendment Term Loan”) Loan in the aggregate principal equal to the Term Facility Commitment Amount for the purposes hereinafter set forth; excess of such Lender’s First Amendment Date Commitment. (ii) as Borrower may make one borrowing under the First Amendment Date Commitment which shall be on the First Amendment Date. Subject to Section 3.03, all amounts owed hereunder with respect to the First Amendment Term Loan shall be paid in full no later than the First Amendment Maturity Date. Each Lender’s First Amendment Date Commitment shall terminate immediately and without further action on the First Amendment Date after giving effect to the funding of such Lender’s First Amendment Date Commitment on such date. (iii) Upon satisfaction or waiver of the conditions precedent set forth more fully in Section 1.1(c)13 of the First Amendment, the Lenders will shall make the Revolving Loans to the Borrowers and (ii) as set forth more fully in Section 1.1(b), the Swing Line Lender will make the Swing Line Loan to the Borrowers. Amounts repaid or prepaid on the Term Loan may not be reborrowed. The proceeds of the First Amendment Term Loan shall be used available to prepay, in full, the aggregate principal amount of the Initial Term Loan outstanding as of the First Amendment Effective Date. From an after the First Amendment Effective Date, the obligations with respect to the Initial Term Loan shall be reduced to $0. It is understood and agreed that from and after the First Amendment Effective Date, all references to the Term Loan shall mean the term loan made to the Borrowers Borrower on the First Amendment Effective Date. The Loans, including the Swing Line Loan, shall bear interest and be payable in accordance with the terms and conditions of this Agreement and the Notes. The Notes shall be executed and delivered to each respective Lender on the date hereof and thereafter, from time to time, as and when requested by the Administrative Agent, acting at the direction of any Lender.