Common use of Term C Borrowing Clause in Contracts

Term C Borrowing. Subject to the terms and conditions set forth herein, each Term C Lender severally agrees to make a single loan to the Borrower, in Dollars, on any Business Day during the Availability Period for the Term C Facility, in an aggregate amount equal to such Term C Lender’s Term C Commitment, subject to satisfaction of the conditions set forth in Section 5.04; provided, that, for the avoidance of doubt, it is understood and agreed that there shall be no more than one (1) Term C Borrowing during the term of this Agreement. The Term C Borrowing shall consist of Term C Loans made simultaneously by the Term C Lenders in accordance with their respective Term C Commitments. Term C Borrowings repaid or prepaid may not be reborrowed.

Appears in 2 contracts

Samples: Credit Agreement (Recro Pharma, Inc.), Credit Agreement (Recro Pharma, Inc.)

AutoNDA by SimpleDocs

Term C Borrowing. Subject to the terms and conditions set forth herein, each Term C Lender severally agrees to make a single term loan to the Borrower, in Dollars, on any Business Day during the Availability Period for the Term C FacilityAvailability Period, in an aggregate amount equal not to exceed such Term C Lender’s Term C Commitment, subject to satisfaction of the conditions set forth in Section 5.04; provided, that, on or prior to such Business Day, the Term C Draw Conditions shall have been satisfied; provided, further, that, for the avoidance of doubt, it is understood and agreed that there shall be no more than one (1) Term C Borrowing during the term of this Agreement. The Term C Borrowing shall consist of Term C Loans made simultaneously by the Term C Lenders in accordance with their respective Term C Commitments. Term C Borrowings repaid or prepaid may not be reborrowed.

Appears in 2 contracts

Samples: Credit Agreement (Biocryst Pharmaceuticals Inc), Credit Agreement (Biocryst Pharmaceuticals Inc)

AutoNDA by SimpleDocs

Term C Borrowing. Subject to the terms and conditions set forth herein, each Term C Lender severally agrees to make a single loan to the Borrower, in Dollars, on any Business Day during the Availability Period for the Term C FacilityAvailability Period, in an aggregate amount equal not to exceed such Term C Lender’s Term C Commitment, subject to satisfaction of the conditions set forth in Section 5.04; provided, that, on or prior to such Business Day, the Term C Draw Conditions shall have been satisfied; provided, further, that, for the avoidance of doubt, it is understood and agreed that there shall be no more than one (1) Term C Borrowing during the term of this Agreement. The Term C Borrowing shall consist of Term C Loans made simultaneously by the Term C Lenders in accordance with their respective Term C Commitments. Term C Borrowings repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Dermira, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.