Common use of Term Loan Borrowings Clause in Contracts

Term Loan Borrowings. (i) There shall be one Borrowing of Tranche A Term Loans on the Effective Date, which shall be made on notice given by the Borrowers to the Term Loan Administrative Agent not later than 11:00 a.m. (New York time) (A) one Business Day prior to the Effective Date (or such shorter period as acceptable to the Term Loan Administrative Agent in its sole discretion), in the case of a Borrowing of Base Rate Loans and (B) three Business Days prior to the Effective Date (or such shorter period as acceptable to the Term Loan Administrative Agent in its sole discretion), in the case of a Borrowing of Eurodollar Rate Loans. Such notice shall be in substantially the form of Exhibit C (a “Notice of Term Borrowing”) (or shall be made by telephone and the same information shall be confirmed promptly thereafter in writing), specifying (1) the Effective Date as the date of such proposed Borrowing, (2) the aggregate amount of such proposed Borrowing which amount shall be the aggregate amount of Tranche A Term Commitments, (3) whether any portion of the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (4) the initial Interest Period or Interest Periods for any such Eurodollar Rate Loans, and (5) remittance instructions. The Tranche A Term Loans shall be made as Base Rate Loans unless, subject to Section 2.17, the Notice of Term Borrowing specifies that all or a portion thereof shall be Eurodollar Rate Loans. The Borrowing of Tranche A Term Loans shall be allocated in accordance with each Term Lender’s Tranche A Term Commitment.

Term Loan Borrowings. (i) There shall be one Borrowing of Tranche A Term Loans on the Effective Date, which shall be made on notice given by the Borrowers to the Term Loan Administrative Agent not later than 11:00 a.m. (New York time) (A) one Business Day prior to the Effective Date (or such shorter period as acceptable to the Term Loan Administrative Agent in its sole discretion)Date, in the case of a Borrowing of Base Rate Loans and (B) three Business Days prior to the Effective Date (or such shorter period as acceptable to the Term Loan Administrative Agent in its sole discretion)Date, in the case of a Borrowing of Eurodollar Rate Loans. Such notice shall be in substantially the form of Exhibit C C-1 (a “Notice of Term Borrowing”) (or shall be made by telephone and the same information shall be confirmed promptly thereafter in writing), specifying (1) the Effective Date as the date of such proposed Borrowing, (2) the aggregate amount of such proposed Borrowing which amount shall be the aggregate amount of Tranche A Term CommitmentsBorrowing, (3) whether any portion of the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (4) the initial Interest Period or Interest Periods for any such Eurodollar Rate Loans, and (5) remittance instructions. The Tranche A Term Loans shall be made as Base Rate Loans unless, subject to Section 2.17, the Notice of Term Borrowing specifies that all or a portion thereof shall be Eurodollar Rate Loans. The Borrowing of Tranche A Term Loans shall be allocated in accordance with each Term Lender’s Tranche A Term Commitment.