LOAN COMMITMENTS AND BORROWING PROCEDURES, NOTES Clause Samples

LOAN COMMITMENTS AND BORROWING PROCEDURES, NOTES. Section 2.1 Term Loan Commitments. Subject to the terms and conditions of this Agreement, including Section 5.1 hereof, each Term Loan Lender, in its individual capacity, severally agrees to make a term loan (relative to such Lender, its “Term Loan” and, collectively, the “Term Loans”) to the Borrower in Dollars, on the Closing Date in an amount equal to such Lender’s Term Loan Commitment. The Term Loans shall consist of a single Borrowing in the aggregate principal amount of $300,000,000.00. To the extent requested by any Lender, such Lender’s Term Loan shall be evidenced by a Term Loan Note. Principal amounts in respect of the Term Loans that are repaid or prepaid by Borrower may not be reborrowed.