Common use of Initial Term Loan Commitments Clause in Contracts

Initial Term Loan Commitments. Subject to the terms and conditions of this Agreement, each Term Loan Lender severally agrees to make to Borrowers, Term Loans in an aggregate original principal amount not to exceed such Lender’s Initial Term Loan Commitment, on or about the Effective Date, provided that on the Effective Date, all outstanding “Term Loans”, and all accrued and unpaid interest and fees thereon pursuant to the Existing Loan Agreement, shall be deemed refinanced by a Term Loan pursuant to the Initial Term Loan Commitments.

Initial Term Loan Commitments. Subject to On the terms and subject to the conditions of contained in this Agreement, each Initial Term Loan Lender severally severally, but not jointly, agrees to make loans (the “Initial Term Loans”) in Dollars to Borrowersthe Borrower on the Closing Date, Term Loans in an aggregate original principal amount not to exceed such Lender’s Initial Term Loan Commitment, on or about the Effective Date, provided that on the Effective Date, all outstanding “Term Loans”, and all accrued and unpaid interest and fees thereon pursuant to the Existing Loan Agreement, shall be deemed refinanced by a Term Loan pursuant to the . Amounts of Initial Term Loan CommitmentsLoans repaid may not be reborrowed.