Common use of Initial Borrowing Clause in Contracts

Initial Borrowing. Subject to the terms and conditions of this Agreement, on the Effective Date, each Lender agrees (severally, not jointly or jointly and severally) to make Loans to Borrower in an amount equal to such Lender’s Loans specified on Schedule 1.01(b).

Appears in 3 contracts

Samples: Senior Secured Term Loan Credit Agreement (THL Credit, Inc.), Senior Secured Term Loan Credit Agreement (THL Credit, Inc.), Senior Secured Term Loan Credit Agreement (THL Credit, Inc.)

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Initial Borrowing. Subject to the terms and conditions of this Agreement, on the Original Effective Date, each Lender agrees (severally, not jointly or jointly and severally) to make Loans to Borrower in an amount equal to such Lender’s Loans specified on Schedule 1.01(b).

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (THL Credit, Inc.)

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