Common use of The Term A-2 Borrowing Clause in Contracts

The Term A-2 Borrowing. Subject to the terms and conditions set forth herein, (A) each Term A-2 Lender with a Term A-2 Commitment on the Closing Date severally agrees to make a single loan in Dollars to the European Borrower on the Closing Date, provided that the aggregate amount of Term A-2 Loans made on the Closing Date by the Term A-2 Lenders shall not exceed $170,000,000 and (B) each Term A-2 Lender with a Term A-2 Commitment on the Acquisition Funding Date severally agrees to make a single loan in Dollars to the European Borrower on the Acquisition Funding Date, in each case, in an amount not to exceed such Term A-2 Lender’s Applicable Percentage of the Term A-2 Commitments at the time of the incurrence thereof on the Closing Date or the Acquisition Funding Date, as the case may be. The Term A-2 Borrowing (i) made on the Closing Date shall consist of Term A-2 Loans made simultaneously by the Term A-2 Lenders in accordance with their respective Applicable Percentage of the Term A-2 Commitments at the time of such Borrowing on the Closing Date and (ii) made on the Acquisition Funding Date shall consist of Term A-2 Loans made simultaneously by the Term A-2 Lenders in accordance with their respective Applicable Percentage of the Term A-2 Commitments at the time of such Borrowing on the Acquisition Funding Date. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term A-2 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Colfax CORP), Credit Agreement (Colfax CORP)

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The Term A-2 Borrowing. Subject to the terms and conditions set forth herein, (A) each Term A-2 Lender with a Term A-2 Commitment on the Closing Date severally agrees to make a single loan (in Dollars, Euro or Sterling) to the European Borrower on the Closing Datein Dollars to the European Borrower on the Closing Date, provided that the aggregate amount of Term A-2 Loans made on the Closing Date by the Term A-2 Lenders shall not exceed $170,000,000 and (B) each Term A-2 Lender with a Term A-2 Commitment on the Acquisition Funding Date severally agrees to make a single loan in Dollars to the European Borrower on the Acquisition Funding Date, in each case, in an amount not to exceed such Term A-2 Lender’s Applicable Percentage of the Term A-2 Commitments FacilityCommitments at the time of the incurrence thereof on the Closing Date or the Acquisition Funding Date, as the case may be. The Term A-2 Borrowing shall consist of Term A-2 Loans made simultaneously by the Term A-2 Lenders (i) made on the Closing Date shall consist of Term A-2 Loans made simultaneously by the Term A-2 Lenders in accordance with their respective Applicable Percentage of the Term A-2 Facility. of the Term A-2 Commitments at the time of such Borrowing on the Closing Date and (ii) made on the Acquisition Funding Date shall consist of Term A-2 Loans made simultaneously by the Term A-2 Lenders in accordance with their respective Applicable Percentage of the Term A-2 Commitments at the time of such Borrowing on the Acquisition Funding Date. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term A-2 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Colfax CORP)

The Term A-2 Borrowing. (i) Subject to the terms and conditions set forth herein, (A) each Term A-2 Lender with a Term A-2 Commitment on the Closing Date severally agrees to make a single loan Term A-2 Loan to the Company on the Closing Date in Dollars and up to four (4) additional Term A-2 Loans, in the aggregate, in Dollars to the European Company (or any other U.S. Borrower as specified by the Company) or in an Alternative Currency to the Company (or any other Borrower as specified by the Company) from time to time on any Business Day thereafter (each such Business Day after the Closing Date, provided that the aggregate amount of a “Term A-2 Loans made on the Closing Date by Funding Date”) prior to the Term A-2 Lenders shall not exceed $170,000,000 and (B) each Term A-2 Lender with a Term A-2 Commitment on the Acquisition Funding Date severally agrees to make a single loan in Dollars to the European Borrower on the Acquisition Funding Date, in each caseLoan Draw Deadline, in an aggregate principal amount not to exceed such Term A-2 Lender’s Applicable Percentage of Term A-2 Commitment. All unfunded Term A-2 Commitments shall expire on the Term A-2 Commitments at the time of the incurrence thereof on the Closing Date or the Acquisition Funding Date, as the case may beLoan Draw Deadline. The Each Term A-2 Borrowing (i) made on the Closing Date shall consist of Term A-2 Loans made simultaneously by the Term A-2 Lenders in accordance with their respective Applicable Percentage of the Term A-2 Commitments at the time of such Borrowing on the Closing Date and (ii) made on the Acquisition each Term A-2 Funding Date shall consist of Term A-2 Loans made simultaneously by the Term A-2 Lenders in the same currency in accordance with their respective Applicable Percentage of the Term A-2 Commitments Facility at such time. Amounts may only be drawn under this Section 2.01(b) on or before the time of such Borrowing on the Acquisition Funding DateTerm A-2 Loan Draw Deadline. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term A-2 Loans may be Base Rate Loans, Eurodollar RateTerm SOFR Loans, Alternative Currency Daily Rate Loans or Eurocurrency Alternative Currency Term Rate Loans, Loans as further provided herein. For the avoidance of doubt, a conversion of a Term A-2 Loan from one Type to another or a continuation of a Eurodollar RateTerm SOFR Loan or an Alternative Currency Term Rate Loan will not constitute an additional Term A-2 Loan for the purpose of the first sentence of this Section 2.01(b)(i). (ii) If a Term A-2 Borrowing of Alternative Currency Loans is requested, then on such Term A-2 Funding Date each Term A-1 Lender’s Term A-1 Commitment and the Term A-2 Facility shall be allocated by the Administrative Agent into tranches to reflect the Term A-2 Loans made by such Term A-2 Lender in each currency and the Administrative Agent shall restate Schedule 2.01A to reflect the Term A-2 Facility as so ​ ​ tranched (which restated schedule the Administrative Agent will make available to the Lenders and the Company). The Administrative Agent and the Company may, without the consent of any Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Company, to reflect any tranching of the Term A-2 Facility as contemplated above. ​

Appears in 1 contract

Samples: Credit Agreement (Ares Real Estate Income Trust Inc.)

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The Term A-2 Borrowing. (i) Subject to the terms and conditions set forth herein, (A) each Term A-2 Lender with a Term A-2 Commitment on the Closing Date severally agrees to make a single loan Term A-2 Loan to the Company on the Closing Date in Dollars and up to four (4) additional Term A-2 Loans, in the aggregate, in Dollars to the European Company (or any other U.S. Borrower as specified by the Company) or in an Alternative Currency to the Company (or any other Borrower as specified by the Company) from time to time on any Business Day thereafter (each such Business Day after the Closing Date, provided that the aggregate amount of a “Term A-2 Loans made on the Closing Date by Funding Date”) prior to the Term A-2 Lenders shall not exceed $170,000,000 and (B) each Term A-2 Lender with a Term A-2 Commitment on the Acquisition Funding Date severally agrees to make a single loan in Dollars to the European Borrower on the Acquisition Funding Date, in each caseLoan Draw Deadline, in an aggregate principal amount not to exceed such Term A-2 Lender’s Applicable Percentage of Term A-2 Commitment. All unfunded Term A-2 Commitments shall expire on the Term A-2 Commitments at the time of the incurrence thereof on the Closing Date or the Acquisition Funding Date, as the case may beLoan Draw Deadline. The Each Term A-2 Borrowing (i) made on the Closing Date shall consist of Term A-2 Loans made simultaneously by the Term A-2 Lenders in accordance with their respective Applicable Percentage of the Term A-2 Commitments at the time of such Borrowing on the Closing Date and (ii) made on the Acquisition each Term A-2 Funding Date shall consist of Term A-2 Loans made simultaneously by the Term A-2 Lenders in the same currency in accordance with their respective Applicable Percentage of the Term A-2 Commitments Facility at such time. Amounts may only be drawn under this Section 2.01(b) on or before the time of such Borrowing on the Acquisition Funding DateTerm A-2 Loan Draw Deadline. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term A-2 Loans may be Base Rate Loans or Eurocurrency Loans, Eurodollar Rate Loans, Alternative Currency Daily Rate Loans or Alternative Currency Term Rate Loans as further provided herein. For the avoidance of doubt, a conversion of a Term A-2 Loan from one Type to another or a continuation of a Eurodollar Rate Loan or an Alternative Currency Term Rate Loan will not constitute an additional Term A-2 Loan for the purpose of the first sentence of this Section 2.01(b)(i). (ii) If a Term A-2 Borrowing of Alternative Currency Loans is requested, then on such Term A-2 Funding Date each Term A-1 Lender’s Term A-1 Commitment and the Term A-2 Facility shall be allocated by the Administrative Agent into tranches to reflect the Term A-2 Loans made by such Term A-2 Lender in each currency and the Administrative Agent shall restate Schedule 2.01A to reflect the Term A-2 Facility as so tranched (which restated schedule the Administrative Agent will make available to the Lenders and the Company). The Administrative Agent and the Company may, without the ​ consent of any Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Company, to reflect any tranching of the Term A-2 Facility as contemplated above.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Ares Real Estate Income Trust Inc.)

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