Common use of Term Borrowings Clause in Contracts

Term Borrowings. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make to the Borrower on the Closing Date one or more Initial Term Loans denominated in Dollars in an aggregate principal amount equal to such Term Lender’s Term B Commitment on the Closing Date. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. The Initial Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on the Incremental Amendment No. 1 Effective Date, each Lender having a New 2014 Initial Term Loan Commitment severally agrees to make a loan or loans to the Borrower in a single drawing denominated in Dollars, which New 2014 Initial Term Loans (i) shall not exceed, for any such Lender, the New 2014 Initial Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Initial Term Loan Commitment. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on a single Business Day (the “Delayed Draw Borrowing Date”) during the 2014 Delayed Draw Term Loan Availability Period, each Lender having a New 2014 Delayed Draw Term Loan Commitment severally agrees to make a loan or loans to the Borrower in a single drawing denominated in Dollars, which New 2014 Delayed Draw Term Loans (i) shall not exceed, for any such Lender, the New 2014 Delayed Draw Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Delayed Draw Term Loan Commitment. The Initial Term Loans and New 2014 Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.

Appears in 2 contracts

Samples: Credit Agreement (American Tire Distributors Holdings, Inc.), Credit Agreement (ATD Corp)

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Term Borrowings. Subject to the terms and conditions expressly set forth herein, (i) each Term Lender with an Initial Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Closing Date one or more Initial Term Loans denominated in Dollars in an aggregate principal amount equal not to exceed the amount of such Term Lender’s Initial Dollar Term B Commitment, (ii) each Term Lender with an Initial B-1 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Amendment No. 1 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-1 Dollar Term Commitment, (iii) each Term Lender with an Initial B-2 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Amendment No. 2 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-2 Dollar Term Commitment, (iv) each Term Lender with an Initial B-3 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Amendment No. 3 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-3 Dollar Term Commitment, (v) each Term Lender with an Incremental B-4 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Incremental B-4 Dollar Term Loan Amendment Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Incremental B-4 Dollar Term Commitment, (vi) each Term Lender with an Initial Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Closing DateDate in an aggregate amount not to exceed the amount of such Term Lender’s Initial Euro Term Commitment, (vii) each Term Lender with an Initial B-1 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 1 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-1 Euro Term Commitment, (viii) each Term Lender with an Initial B-2 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 2 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-2 Euro Term Commitment, (ix) each Term Lender with an Initial B-23 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 23 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-23 Euro Term Commitment, (x) each Term Lender with an Incremental B-4 Euro Term Commitment severally agrees to make term loans denominated in Euros to the Borrower on the Amendment No. 6 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Incremental B-4 Euro Term Commitment and (ixxi) each Term Lender with an InitialIncremental B-35 Euro Term Commitment severally agrees to make term loans denominated in EuroEuros to the Borrower on the Amendment No. 36 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s InitialIncremental B-35 Euro Term Commitment. Amounts borrowed under this Section 2.01 2.01(a) and repaid or prepaid may not be reborrowedre-borrowed. The Initial Dollar Term Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on the Incremental Amendment No. 1 Effective Date, each Lender having a New 2014 Initial Term Loan Commitment severally agrees to make a loan or loans to the Borrower in a single drawing denominated in Dollars, which New 2014 Initial Euro Term Loans (i) shall not exceed, for any such Lender, the New 2014 Initial Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Initial Term Loan Commitment. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on a single Business Day (the “Delayed Draw Borrowing Date”) during the 2014 Delayed Draw Term Loan Availability Period, each Lender having a New 2014 Delayed Draw Term Loan Commitment severally agrees to make a loan or loans to the Borrower in a single drawing denominated in Dollars, which New 2014 Delayed Draw Term Loans (i) shall not exceed, for any such Lender, the New 2014 Delayed Draw Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Delayed Draw Term Loan Commitment. The Initial Term Loans and New 2014 Term Loans may will be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein. Amounts borrowed under this Section 2.01 The Borrower shall pay all accrued and repaid or prepaid may unpaid interest on the Initial Dollar Term Loans and the Initial Euro Term Loans, in each case, to the Term Lenders to, but not be reborrowed.including, the Amendment No. 1 Effective Date on such Amendment No. 1

Appears in 1 contract

Samples: Credit Agreement (Avantor, Inc.)

Term Borrowings. Subject to the terms and conditions expressly set forth herein, (i) each Term Lender with an Initial Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Closing Date one or more Initial Term Loans denominated in Dollars in an aggregate principal amount equal not to exceed the amount of such Term Lender’s Initial Dollar Term B Commitment, (ii) each Term Lender with an Initial B-1 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Amendment No. 1 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-1 Dollar Term Commitment, (iii) each Term Lender with an Initial B-2 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Amendment No. 2 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-2 Dollar Term Commitment, (iv) each Term Lender with an Initial B-3 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Amendment No. 3 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-3 Dollar Term Commitment, (v) each Term Lender with an Incremental B-4 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Incremental B-4 Dollar Term Loan Amendment Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Incremental B-4 Dollar Term Commitment, (vi) each Term Lender with an Initial Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Closing DateDate in an aggregate amount not to exceed the amount of such Term Lender’s Initial Euro Term Commitment, (vivii ) each Term Lender with an Initial B-1 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 1 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-1 Euro Term Commitment, (viiviii) each Term Lender with an Initial B-2 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 2 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-2 Euro Term Commitment and (viiiix) each Term Lender with an Initial B-3 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 3 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-3 Euro Term Commitment. Amounts borrowed under this Section 2.01 2.01(a) and repaid or prepaid may not be reborrowedre-borrowed. The Initial Dollar Term Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on the Incremental Amendment No. 1 Effective Date, each Lender having a New 2014 Initial Term Loan Commitment severally agrees to make a loan or loans to the Borrower in a single drawing denominated in Dollars, which New 2014 Initial Euro Term Loans (i) shall not exceed, for any such Lender, the New 2014 Initial Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Initial Term Loan Commitment. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on a single Business Day (the “Delayed Draw Borrowing Date”) during the 2014 Delayed Draw Term Loan Availability Period, each Lender having a New 2014 Delayed Draw Term Loan Commitment severally agrees to make a loan or loans to the Borrower in a single drawing denominated in Dollars, which New 2014 Delayed Draw Term Loans (i) shall not exceed, for any such Lender, the New 2014 Delayed Draw Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Delayed Draw Term Loan Commitment. The Initial Term Loans and New 2014 Term Loans may will be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein. Amounts borrowed under this Section 2.01 The Borrower shall pay all accrued and repaid or prepaid may unpaid interest on the Initial Dollar Term Loans and the Initial Euro Term Loans, in each case, to the Term Lenders to, but not be reborrowed.including, the Amendment No. 1 Effective Date on such Amendment No. 1

Appears in 1 contract

Samples: Credit Agreement (Avantor, Inc.)

Term Borrowings. Subject to the terms and conditions expressly set forth herein, (i) each Term Lender with an Initial Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Closing Date one or more Initial Term Loans denominated in Dollars in an aggregate principal amount equal not to exceed the amount of such Term Lender’s Initial Dollar Term B Commitment, (ii) each Term Lender with an Initial B-1 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Amendment No. 1 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-1 Dollar Term Commitment, (iii) each Term Lender with an Initial B-2 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Amendment No. 2 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-2 Dollar Term Commitment, (iv) each Term Lender with an Initial B-3 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Amendment No. 3 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-3 Dollar Term Commitment, (v) each Term Lender with an Initial B-4 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Amendment No. 7 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-4 Dollar Term Commitment, (vi) each Term Lender with an Incremental B-4 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Incremental B-4 Dollar Term Loan Amendment Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Incremental B-4 Dollar Term Commitment, (vivii) each Term Lender with an Incremental B-5 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Amendment No. 7 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Incremental B-5 Dollar Term Commitment, (viii) each Term Lender with an Initial Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Closing DateDate in an aggregate amount not to exceed the amount of such Term Lender’s Initial Euro Term Commitment, (viiix) each Term Lender with an Initial B-1 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 1 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-1 Euro Term Commitment, (viiix) each Term Lender with an Initial B-2 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 2 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-2 Euro Term Commitment, (ixxi) each Term Lender with an Initial B-3 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 3 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-3 Euro Term Commitment, (xxii) each Term Lender with an Incremental B-4 Euro Term Commitment severally agrees to make term loans denominated in Euros to the Borrower on the Amendment No. 6 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Incremental B-4 Euro Term Commitment and (xixiii) each Term Lender with an Incremental B-5 Euro Term Commitment severally agrees to make term loans denominated in Euros to the Borrower on the Amendment No. 6 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Incremental B-5 Euro Term Commitment. Amounts borrowed under this Section 2.01 2.01(a) and repaid or prepaid may not be reborrowedre-borrowed. The Initial Dollar Term Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on the Incremental Amendment No. 1 Effective Date, each Lender having a New 2014 Initial Term Loan Commitment severally agrees to make a loan or loans to the Borrower in a single drawing denominated in Dollars, which New 2014 Initial Term Loans (i) shall not exceed, for any such Lender, the New 2014 Initial Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Initial Term Loan Commitment. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on a single Business Day (the “Delayed Draw Borrowing Date”) during the 2014 Delayed Draw Term Loan Availability Period, each Lender having a New 2014 Delayed Draw Term Loan Commitment severally agrees to make a loan or loans to the Borrower in a single drawing denominated in Dollars, which New 2014 Delayed Draw Term Loans (i) shall not exceed, for any such Lender, the New 2014 Delayed Draw Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Delayed Draw Term Loan Commitment. The Initial Term Loans and New 2014 Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.Initial

Appears in 1 contract

Samples: Credit Agreement (Avantor, Inc.)

Term Borrowings. Subject to Each Lender severally agrees, on the terms and conditions set forth hereinof this Agreement, each Term Lender severally agrees (i) during the Availability Period and at Borrower’s request in accordance with Section 2.02, to Term-Out all or any portion of its outstanding Revolving Credit Loans so requested by Borrower (provided that any such requested portion shall be in a principal amount of $100,000 or a whole multiple of $100,000 in excess thereof), and to make a term loan to the Borrower on the Closing Date one or more Initial Term Loans denominated in Dollars requested Term-Out date in an aggregate principal amount equal to such requested principal amount of such Lender’s outstanding Revolving Credit Loans, and (ii) to Term-Out its Revolving Credit Loans outstanding on the Conversion Date, and to make a term loan (such Termed-Out Revolving Credit Loans and such term loans made pursuant to clauses (i) and (ii) of this Section 2.03, the “Term Loans”) to the Borrower on the Conversion Date in an amount equal to the aggregate principal amount of such Lender’s Revolving Credit Loans outstanding on the Conversion Date; provided, however, that after giving effect to any Term Borrowing, the aggregate Outstanding Amount of the Term Loans of any Lender shall not exceed such Lender’s Term B Commitment on the Closing DateCommitment. Each Term-Out of Revolving Credit Loans shall be deemed to be a Borrowing for all purposes of this Agreement; provided, that Revolving Credit Loans that are Termed-Out by Term Loans shall not be deemed to be repaid or discharged but shall be deemed to be continued as Term Loans as provided hereby. Amounts borrowed under this Section 2.01 and Termed-Out, prepaid or repaid or prepaid in respect of Term Loans may not be reborrowed. The Initial Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on the Incremental Amendment No. 1 Effective Date, each Lender having a New 2014 Initial Term Loan Commitment severally agrees to make a loan or loans to the Borrower in a single drawing denominated in Dollars, which New 2014 Initial Term Loans (i) shall not exceed, for any such Lender, the New 2014 Initial Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Initial Term Loan Commitment. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on a single Business Day (the “Delayed Draw Borrowing Date”) during the 2014 Delayed Draw Term Loan Availability Period, each Lender having a New 2014 Delayed Draw Term Loan Commitment severally agrees to make a loan or loans to the Borrower in a single drawing denominated in Dollars, which New 2014 Delayed Draw Term Loans (i) shall not exceed, for any such Lender, the New 2014 Delayed Draw Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Delayed Draw Term Loan Commitment. The Initial Term Loans and New 2014 Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Anika Therapeutics Inc)

Term Borrowings. Subject to the terms and conditions expressly set forth herein, (i) each Term Lender with an Initial Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Closing Date one or more Initial Term Loans denominated in Dollars in an aggregate principal amount equal not to exceed the amount of such Term Lender’s Initial Dollar Term B Commitment, (ii) each Term Lender with an Initial B-1 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Closing Date. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. The Initial Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on the Incremental Amendment No. 1 Effective DateDate in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-1 Dollar Term Commitment, (iii) each Term Lender having a New 2014 with an Initial B-2 Dollar Term Loan Commitment severally agrees to make a loan or term loans denominated in Dollars to the Borrower in a single drawing denominated in Dollars, which New 2014 Initial Term Loans (i) shall not exceed, for any such Lender, on the New 2014 Initial Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Initial Term Loan Commitment. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 12 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-2 Dollar Term Commitment, on a single Business Day (the “Delayed Draw Borrowing Date”iv) during the 2014 Delayed Draw each Term Loan Availability Period, each Lender having a New 2014 Delayed Draw with an Initial B-3 Dollar Term Loan Commitment severally agrees to make a loan or term loans denominated in Dollars to the Borrower on the Amendment No. 3 Effective Date in a single drawing an aggregate amount not to exceed the amount of such Term Lender’s Initial B-3 Dollar Term Commitment, (v) each Term Lender with an Initial Euro Term Commitment severally agrees to make term loans denominated in Dollars, which New 2014 Delayed Draw Term Loans (i) shall Euro to the Borrower on the Closing Date in an aggregate amount not exceed, for any such Lender, to exceed the New 2014 Delayed Draw Term Loan Commitment amount of such Term Lender’s Initial Euro Term Commitment, (v) each Term Lender with an Initial B-1 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 1 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-1 Euro Term Commitment and (iivi) shall each Term Lender with an Initial B-21 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 21 Effective Date in an aggregate amount not exceedto exceed the amount of such Term Lender’s Initial B-21 Euro Term Commitment, (vii) each Term Lender with an Initial B-2 Euro Term Commitment severally agrees to make term loans denominated in Euro to the aggregate, Borrower on the Total New 2014 Delayed Draw Amendment No. 2 Effective Date in an aggregate amount not to exceed the amount of such Term Loan Commitment. The Lender’s Initial B-2 Euro Term Loans Commitment and New 2014 (viii) each Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.Lender with an Initial B-3 Euro Term Commitment severally agrees to make term loans

Appears in 1 contract

Samples: Credit Agreement (Avantor, Inc.)

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Term Borrowings. Subject to the terms and conditions expressly set forth herein, (i) each Term Lender with an Initial Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Closing Date one or more Initial Term Loans denominated in Dollars in an aggregate principal amount equal not to exceed the amount of such Term Lender’s Initial Dollar Term B Commitment and, (ii) each Term Lender with an Initial B-1 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Amendment No. 1 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-1 Dollar Term Commitment, (iii) each Term Lender with an Initial Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Closing DateDate in an aggregate amount not to exceed the amount of such Term Lender’s Initial Dollar TermEuro Term Commitment and (iv) each Term Lender with an Initial B-1 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 1 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-1 Euro Term Commitment. Amounts borrowed under this Section 2.01 2.01(a) and repaid or prepaid may not be reborrowedre-borrowed. The Initial Dollar Term Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on the Incremental Amendment No. 1 Effective Date, each Lender having a New 2014 Initial Term Loan Commitment severally agrees to make a loan or loans to the Borrower in a single drawing denominated in Dollars, which New 2014 Initial Euro Term Loans (i) shall not exceed, for any such Lender, the New 2014 Initial Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Initial Term Loan Commitment. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on a single Business Day (the “Delayed Draw Borrowing Date”) during the 2014 Delayed Draw Term Loan Availability Period, each Lender having a New 2014 Delayed Draw Term Loan Commitment severally agrees to make a loan or loans to the Borrower in a single drawing denominated in Dollars, which New 2014 Delayed Draw Term Loans (i) shall not exceed, for any such Lender, the New 2014 Delayed Draw Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Delayed Draw Term Loan Commitment. The Initial Term Loans and New 2014 Term Loans may will be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein. Amounts borrowed under this Section 2.01 The Borrower shall pay all accrued and repaid or prepaid may unpaid interest on the Initial Dollar Term Loans and the Initial Euro Term Loans, in each case, to the Term Lenders to, but not be reborrowed.including, the Amendment No. 1 Effective Date on such Amendment No. 1

Appears in 1 contract

Samples: Credit Agreement (Avantor, Inc.)

Term Borrowings. Subject to the terms and conditions expressly set forth herein, (i) each Term Lender with an Initial Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Closing Date one or more Initial Term Loans denominated in Dollars in an aggregate principal amount equal not to exceed the amount of such Term Lender’s Initial Dollar Term B Commitment, (ii) each Term Lender with an Initial B-1 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Amendment No. 1 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-1 Dollar Term Commitment, (iii) each Term Lender with an Initial B-2 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Amendment No. 2 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-2 Dollar Term Commitment, (iv) each Term Lender with an Initial Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Closing DateDate in an aggregate amount not to exceed the amount of such Term Lender’s Initial Euro Term Commitment and (iv, (v) each Term Lender with an Initial B-1 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 1 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-1 Euro Term Commitment and (vi) each Term Lender with an Initial B-12 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 12 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-12 Euro Term Commitment. Amounts borrowed under this Section 2.01 2.01(a) and repaid or prepaid may not be reborrowedre-borrowed. The Initial Dollar Term Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on the Incremental Amendment No. 1 Effective Date, each Lender having a New 2014 Initial Term Loan Commitment severally agrees to make a loan or loans to the Borrower in a single drawing denominated in Dollars, which New 2014 Initial Euro Term Loans (i) shall not exceed, for any such Lender, the New 2014 Initial Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Initial Term Loan Commitment. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on a single Business Day (the “Delayed Draw Borrowing Date”) during the 2014 Delayed Draw Term Loan Availability Period, each Lender having a New 2014 Delayed Draw Term Loan Commitment severally agrees to make a loan or loans to the Borrower in a single drawing denominated in Dollars, which New 2014 Delayed Draw Term Loans (i) shall not exceed, for any such Lender, the New 2014 Delayed Draw Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Delayed Draw Term Loan Commitment. The Initial Term Loans and New 2014 Term Loans may will be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein. Amounts borrowed under this Section 2.01 The Borrower shall pay all accrued and repaid or prepaid may unpaid interest on the Initial Dollar Term Loans and the Initial Euro Term Loans, in each case, to the Term Lenders to, but not be reborrowed.including, the Amendment No. 1 Effective Date on such Amendment No. 1

Appears in 1 contract

Samples: Credit Agreement (Avantor, Inc.)

Term Borrowings. Subject to the terms and conditions expressly set forth herein, (i) each Term Lender with an Initial Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Closing Date one or more Initial Term Loans denominated in Dollars in an aggregate principal amount equal not to exceed the amount of such Term Lender’s Initial Dollar Term B Commitment, (ii) each Term Lender with an Initial B-1 Dollar Term Commitment severally agrees to make term loans denominated in Dollars to the Borrower on the Closing Date. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. The Initial Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 1, on the Incremental Amendment No. 1 Effective DateDate in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-1 Dollar Term Commitment, (iii) each Term Lender having a New 2014 with an Initial B-2 Dollar Term Loan Commitment severally agrees to make a loan or term loans denominated in Dollars to the Borrower in a single drawing denominated in Dollars, which New 2014 Initial Term Loans (i) shall not exceed, for any such Lender, on the New 2014 Initial Term Loan Commitment of such Lender and (ii) shall not exceed, in the aggregate, the Total New 2014 Initial Term Loan Commitment. Subject to and upon the terms and conditions set forth in Incremental Amendment No. 12 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-2 Dollar Term Commitment, on a single Business Day (the “Delayed Draw Borrowing Date”iv) during the 2014 Delayed Draw each Term Loan Availability Period, each Lender having a New 2014 Delayed Draw with an Initial B-3 Dollar Term Loan Commitment severally agrees to make a loan or term loans denominated in Dollars to the Borrower on the Amendment No. 3 Effective Date in a single drawing an aggregate amount not to exceed the amount of such Term Lender’s Initial B-3 Dollar Term Commitment, (v) each Term Lender with an Initial Euro Term Commitment severally agrees to make term loans denominated in Dollars, which New 2014 Delayed Draw Term Loans (i) shall Euro to the Borrower on the Closing Date in an aggregate amount not exceed, for any such Lender, to exceed the New 2014 Delayed Draw Term Loan Commitment amount of such Term Lender’s Initial Euro Term Commitment, (vi) each Term Lender with an Initial B-1 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 1 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-1 Euro Term Commitment, (vii) each Term Lender with an Initial B-2 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 2 Effective Date in an aggregate amount not to exceed the amount of such Term Lender’s Initial B-2 Euro Term Commitment and (iiviii) shall each Term Lender with an Initial B-3 Euro Term Commitment severally agrees to make term loans denominated in Euro to the Borrower on the Amendment No. 3 Effective Date in an aggregate amount not exceed, in to exceed the aggregate, the Total New 2014 Delayed Draw amount of such Term Loan Lender’s Initial B-3 Euro Term Commitment. The Initial Term Loans and New 2014 Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Avantor, Inc.)

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