Common use of Making and Borrowing of Loans Clause in Contracts

Making and Borrowing of Loans. Subject to the terms and conditions of this Agreement and on the basis of the representations and warranties set forth herein, the Lender may make loans (each a "Loan," and collectively, the "Loans") to the Company as set forth in Section 2.2, and the Company may borrow, prepay and repay such Loans hereunder in accordance with the terms of this Agreement, at any time and from time to time on any Business Day prior to the termination of this Agreement. The obligation of the Company to repay any Loan made by the Lender and borrowed by the Company shall be evidenced by the Company's execution and delivery to the Lender of the Note described in Section 3.1 below.

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Synagro Technologies Inc)

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Making and Borrowing of Loans. Subject to the terms and conditions of this Agreement and on the basis of the representations and warranties set forth herein, the Lender Lenders may make loans (each a "Loan," and collectively, the "Loans") to the Company as set forth in Section 2.2, and the Company may borrow, prepay and repay such Loans hereunder in accordance with the terms of this Agreement, at any time and from time to time on any Business Day prior to the termination of this Agreement. Loans that are prepaid or repaid may not be reborrowed. The obligation of the Company to repay any Loan made by the Lender Lenders and borrowed by the Company shall be evidenced by the Company's execution and delivery to the each Lender of the a Note described in Section 3.1 below.

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Synagro Technologies Inc)

Making and Borrowing of Loans. Subject to the terms and conditions of this Agreement and on the basis of the representations and warranties set forth herein, the Lender may make loans (each a "Loan," and collectively, the "Loans") to the Company as set forth in Section 2.2, and the Company may borrow, prepay and repay such Loans hereunder in accordance with the terms of this Agreement, at any time and from time to time on any Business Day prior to the termination of this Agreement. The obligation of the Company to repay any Loan made by the Lender and borrowed by the Company shall be evidenced by the Company's ’s execution and delivery to the Lender of the Note described in Section 3.1 below. Any Loans that have been repaid may not be re-borrowed.

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (GTCR Fund Vii Lp)

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Making and Borrowing of Loans. Subject to the terms and conditions of ----------------------------- this Agreement and on the basis of the representations and warranties set forth herein, the Lender may make loans (each a "Loan," and collectively, the "Loans") ---- ----- to the Company as set forth in Section 2.2, and the Company may borrow, prepay ----------- and repay such Loans hereunder in accordance with the terms of this Agreement, at any time and from time to time on any Business Day prior to the termination of this Agreement. The obligation of the Company to repay any Loan made by the Lender and borrowed by the Company shall be evidenced by the Company's execution and delivery to the Lender of the Note described in Section 3.1 below.. -----------

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (GTCR Golder Rauner LLC)

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