Common use of The Initial Term Borrowing Clause in Contracts

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 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.

The Initial Term Borrowing. Subject to the terms and conditions set forth hereinherein and in the Second Amendment, (i) each Initial Term Lender with an Initial Term Commitment severally agrees to make a single loan denominated in Dollars (the “Initial Term Loans”) to the U.S. Borrower (on behalf of the Borrowers on a joint and several basis) on the Closing Second Amendment Effective 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 Borrowing shall consist of Initial Term Loans made simultaneously by the Initial Term Lenders in accordance with their respective Initial Term Commitments. Initial Term Loans may be Base Rate Loans or Eurocurrency Rate Loans as further provided herein. Subject to the terms and conditions set forth herein and in the Fourth Amendment, the Fourth Amendment New Term Lender with a 2020 Incremental Euro Term Commitment agrees to make a single 2020 Incremental Euro Term Loan to the U.S. Borrower (on behalf of the Borrowers on a joint and several basis) on the Fourth Amendment Effective Date in an amount not to exceed such Fourth Amendment New Term Lender’s 2020 Incremental Euro Term Commitment. The 2020 Incremental Euro Term Loan Borrowing shall consist of the 2020 Incremental Euro Term Loans made simultaneously by the Fourth Amendment New Term Lender in accordance with its respective 2020 Incremental Euro 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)reborrowed. Initial Term Loans may be Base Rate Loans, Loans or 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.

The Initial Term Borrowing. Subject to the terms and conditions set forth hereinherein and in the Second Amendment, (i) each Initial Term Lender with an Initial Term Commitment severally agrees to make a single loan denominated in Dollars (the “Initial Term Loans”) to the U.S. Borrower (on behalf of the Borrowers on a joint and several basis) on the Closing Second Amendment Effective 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 Borrowing shall consist of Initial Term Loans made simultaneously by the Initial Term Lenders in accordance with their respective Initial Term Commitments. Initial Term Loans may be Base Rate Loans or Eurocurrency Rate Loans as further provided herein. Subject to the terms and conditions set forth herein and in the Fourth Amendment, the Fourth Amendment New Term Lender with a 2020 Incremental Euro Term Commitment agrees to make a single 2020 Incremental Euro Term Loan to the U.S. Borrower (on behalf of the Borrowers on a joint and several basis) on the Fourth Amendment Effective Date in an amount not to exceed such Fourth Amendment New Term Lender’s 2020 Incremental Euro Term Commitment. The 2020 Incremental Euro Term Loan Borrowing shall consist of the 2020 Incremental Euro Term Loans made simultaneously by the Fourth Amendment New Term Lender in accordance with its respective 2020 Incremental Euro 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 hereinreborrowed.

The Initial Term Borrowing. Subject to the terms and conditions set forth herein, (i) each Term B-1 Lender with an Initial Term Lender B-1 Commitment severally agrees to make a single loan denominated in Dollars (the “Initial Term Loans”) to the U.S. Borrower on the Closing Date in an amount not to exceed such Initial Term B-1 Lender’s Initial Term B-1 Commitment and (ii) each 2023 Incremental Term B-2 Lender with an Initial Term B-2 Commitment severally agrees to make a single loan denominated in Dollars to the Canadian Borrower on the Second Amendment Effective Closing Date in an amount not to exceed such 2023 Incremental Term B-2 Lender’s 2023 Incremental Initial Term B-2 Commitment. The Initial Term B-1 Borrowing shall consist of Initial Term B-1 Loans made simultaneously by the Initial Term B-1 Lenders in accordance with their respective Initial Term B-1 Commitments. The Initial Term B-2 Borrowing shall consist of Initial Term B-2 Loans made simultaneously by the Term B-2 Lenders in accordance with their respective Initial Term B-2 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 Loans or Term SOFR 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.