Common use of Initial Term Loans Clause in Contracts

Initial Term Loans. Subject to the terms and conditions set forth herein, each Initial Term Loan Lender severally agrees to make an Initial Term Loan to the Borrower on the Closing Date in an aggregate amount equal to such Initial Term Loan Lender’s Initial Term Loan Commitment. Amounts borrowed under this Section 2.01(a) once paid or prepaid, may not be reborrowed.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (PetIQ, Inc.), Term Loan Credit Agreement (PetIQ, Inc.)

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Initial Term Loans. Subject to the terms and conditions set forth herein, each Initial Term Loan Lender severally severally, and not jointly, agrees to make an Initial Term Loan Loans to the Borrower on the Closing Effective Date in an aggregate a principal amount equal to such Initial Term Loan Lender’s Initial Term Loan Commitment; provided that the Initial Term Loans shall be issued with an original issue discount of 3.0% of par. Amounts borrowed under this Section 2.01(a) once paid or prepaid, prepaid in respect of the Initial Term Loans may not be reborrowed.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Rex Energy Corp), Term Loan Credit Agreement (Rex Energy Corp)

Initial Term Loans. Subject to the terms and conditions set forth herein, each Initial Term Loan Lender agrees, severally agrees and not jointly with any other Lender, to make an one or more Initial Term Loan Loans to the Borrower on the Closing Effective Date in an aggregate principal amount equal to such Initial Term Loan Lender’s Initial not exceeding its Term Loan Commitment. Amounts borrowed under this Section 2.01(a) once paid or prepaid, repaid in respect of Initial Term Loans may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Wayne Farms, Inc.)

Initial Term Loans. Subject to the terms and conditions set forth herein, each Initial Term Loan Lender severally with a Term Commitment agrees to make a loan (each such loan, an Initial Term Loan Loan”) to the Borrower on the Closing Effective Date in an aggregate the principal amount equal to of such Initial Term Loan Lender’s Initial Term Loan Commitment. Amounts borrowed under this Section 2.01(a) once paid Once repaid or prepaid, Initial Term Loans may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (DG FastChannel, Inc)

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Initial Term Loans. Subject to the terms and conditions set forth herein, each Initial Term Loan Lender severally severally, and not jointly, agrees to make an Initial Term Loan Loans to the Borrower on the Closing Date in an aggregate Dollars in a principal amount equal not to such Initial Term Loan Lender’s exceed its Initial Term Loan Commitment. Amounts borrowed under this Section 2.01(a) once paid or prepaid, prepaid in respect of the Initial Term Loans may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (View, Inc.)

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