The Initial Term Borrowing Sample Clauses

The Initial Term Borrowing. Subject to the terms and conditions set forth herein, each Initial Term Lender severally agrees to make a single loan denominated in Dollars (the “Initial Term Loans”) to the Borrower and the Co-Borrower on the Closing Date in an amount not to exceed such Initial Term Lender’s Initial Term Commitment. The Initial Term Borrowing shall consist of Initial Term Loans made simultaneously by the Initial Term Lenders in accordance with their respective Initial Term Commitments. Amounts borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed (it being understood, however, that prepayments will be taken into account for purposes of any Prepayment-Based Incremental Facility to the extent provided by Section 2.14). Initial Term Loans may be Base Rate Loans or SOFR Loans as further provided herein.
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The Initial Term Borrowing. Subject to the terms and conditions set forth herein, (i) each Initial Term Lender severally agrees to make a single loan denominated in Dollars (the “Initial Term Loans”) to the Borrower on the Closing Date in an amount not to exceed such Initial Term Lender’s Initial Term Commitment and (ii) each 2023 Incremental Term Lender severally agrees to make a single loan denominated in Dollars to the Borrower on the Second Amendment Effective Date in an amount not to exceed such 2023 Incremental Term Lender’s 2023 Incremental Term Commitment. The Initial Term 109 Borrowing shall consist of Initial Term Loans made simultaneously by the Initial Term Lenders in accordance with their respective Initial Term Commitments. Amounts borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed (it being understood, however, that prepayments will be taken into account for purposes of any Prepayment-Based Incremental Facility to the extent provided by Section 2.14). Initial Term Loans may be Base Rate Loans, Eurocurrency Rate Loans (as defined herein prior to the First Amendment Effective Date) (from the Closing Date through the First Amendment Effective Date) or SOFR Loans as further provided herein.
Sample 1See All (5)
The Initial Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender with an Initial Term Commitment severally agrees to make a single loan denominated in Dollars (the “Initial Term Loans”) to the Borrowers on the Closing Date in an amount not to exceed such Term Lender’s Initial Term Commitment. The Initial Term Borrowing shall consist of Initial Term Loans made simultaneously by the Term Lenders in accordance with their respective Initial Term Commitments. Amounts borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed (it being understood, however, that prepayments will be taken into account for purposes of any Prepayment-Based Incremental Facility to the extent provided by Section 2.14). The Initial Term Loans may be Base Rate Loans or Eurocurrency Rate Loans as further provided herein. Notwithstanding the Borrowers’ joint and several liability for all payments to be made under this Agreement, as of the Closing Date, each Borrower hereby agrees, solely as between such Persons that, including for federal or state income tax purposes, the initial principal amount of the outstanding Initial Term Borrowing of the Parent Borrower is $302,403,901.26, the initial principal amount of the outstanding Initial Term Borrowing of Vector is $119,069,918.06, the initial principal amount of the outstanding Initial Term Borrowing of Cygnus is $117,054,873.04 and the initial principal amount of the outstanding Initial Term Borrowing of TriLink is $61,471,307.64.
Sample 1Sample 2
The Initial Term Borrowing. Subject to the terms and conditions set forth herein, each Initial Lender severally agrees to make a single loan denominated in Dollars (the “Initial Term Loans”) to the Borrowers (on a joint and several basis) on the Closing Date in an amount equal to such Initial Lender’s Initial Term Commitment. The Initial Term Borrowing shall consist of Initial Term Loans made simultaneously by the Initial Lenders in accordance with their respective Initial Term Commitments. Amounts borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. Initial Term Loans may be Base Rate Loans or Eurocurrency Rate Loans as provided herein.
Sample 1
The Initial Term Borrowing. Subject to the terms and conditions set forth herein, on the Initial Closing Date each Term Lender severally agrees to make a single loan (each such loan, an “Initial Term Loan”) to Initial Borrower in Dollars pursuant to the Initial Term Facility in an amount equal to its Initial Term Loan Commitment; provided that the aggregate amount of the Initial Term Borrowing under the Initial Term Facility on the Initial Closing Date shall not exceed $245,000,000. The Initial Term Borrowing shall consist of Initial Term Loans made simultaneously by the Initial Term Lenders in accordance with their respective Applicable Percentages of the Initial Term Facility.
Sample 1
The Initial Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender, severally and not jointly, agrees to make a single loan denominated in Dollars to the Borrower on the Funding Date, in an amount not to exceed such Term Lender’s Term Commitment. The Initial Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Term Commitments. Amounts borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. Initial Term Loans may be Base Rate Loans or SOFR Loans as further provided herein.
Sample 1
The Initial Term Borrowing. On the terms and subject to the conditions set forth herein, each Initial Term Lender with an Initial Term Loan Commitment severally agrees to make a single loan to Borrower on the Closing Date in an aggregate amount not to exceed such Initial Term Lender’s Initial Term Loan Commitment (the “Initial Term Loans”). The Initial Term Loans shall consist of Term Loans made by the Initial Term Lenders in accordance with their respective Initial Term Loan Commitments. Amounts borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed.
Sample 1
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Related to The Initial Term Borrowing

  • Procedure for Term Loan Borrowing The Borrower shall deliver to the Administrative Agent a Borrowing Notice (which shall be irrevocable and must be received by the Administrative Agent prior to 11:00 a.m., New York City time, in the case of borrowing of Eurodollar Loans, three (3) Business Days prior to the anticipated Closing Date and, in the case of a borrowing of ABR Loans, one (1) Business Day prior to the anticipated Closing Date) requesting that the Term Lenders make the Term Loans on the Closing Date in an amount equal to the aggregate amount of Term Commitments. Upon receipt of any such Borrowing Notice the Administrative Agent shall promptly notify each relevant Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date, each Term Lender shall make available to the Administrative Agent at the Funding Office (or by wire transfer to the Administrative Agent Account, unless otherwise directed in writing by the Administrative Agent) an amount in immediately available funds equal to the Term Loan to be made by such Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the applicable Term Lenders in immediately available funds. Subject to Section 2.21(g) to the extent applicable, the respective obligations of each Lender under this Agreement are several and not joint and no Lender shall be responsible for the failure of any other Lender to satisfy its obligations hereunder.

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