Common use of The Term A Borrowing Clause in Contracts

The Term A Borrowing. Subject to the terms and conditions set forth herein, on the Closing Date, each of the Term A Lenders severally agrees to make Term A Loans to the Borrower in the aggregate principal amount of $300,000,000 in Dollars. The Borrowing of Term A Loans on the Closing Date shall consist of Term A Loans made simultaneously by the Term A Lenders in accordance with their respective Applicable Percentage of the Term A Facility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term A Loans may be Base Rate Loans or Eurodollar Rate Loans as further provided herein.

Appears in 3 contracts

Samples: Credit Agreement (MGM Growth Properties Operating Partnership LP), Credit Agreement (MGM Growth Properties Operating Partnership LP), Credit Agreement (MGM Growth Properties LLC)

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The Term A Borrowing. Subject to the terms and conditions set forth herein, each Term A Lender severally agrees to make a single loan in Dollars to the Borrower on the Closing Date, each Date in an amount not to exceed such Lender’s Applicable Percentage of the Term A Lenders severally agrees to make Facility. The Term A Loans to the Borrower in the aggregate principal amount of $300,000,000 in Dollars. The Borrowing of Term A Loans on the Closing Date shall consist of Term A Loans made simultaneously by the Term A Lenders in accordance with their respective Applicable Percentage of the Term A Facility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term A Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Life Technologies Corp)

The Term A Borrowing. Subject to the terms and conditions set forth herein, each Term A Lender severally agrees to make a single loan to the Borrower on the Closing Date, each Date in an amount not to exceed such Term A Lender’s Term A Commitment of the Term A Lenders severally agrees to make Facility. The Term A Loans to the Borrower in the aggregate principal amount of $300,000,000 in Dollars. The Borrowing of Term A Loans on the Closing Date shall consist of Term A Loans made simultaneously by the Term A Lenders in accordance with their respective Applicable Percentage of the Term A Facility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term A Loans may be Base Rate Loans or Eurodollar Rate Loans Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Leonardo DRS, Inc.)

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The Term A Borrowing. Subject to the terms and conditions set forth herein, each Term A Lender severally agrees to make a single loan to the Borrower on the Closing Date, each Date in an amount not to exceed such Term A Lender’s Applicable Percentage of the Term A Lenders severally agrees to make Facility. The Term A Loans to the Borrower in the aggregate principal amount of $300,000,000 in Dollars. The Borrowing of Term A Loans on the Closing Date shall consist of Term A Loans made simultaneously by the Term A Lenders in accordance with their respective Applicable Percentage of the Term A Facility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term A Loans may be Base Rate Loans or Eurodollar Rate Loans Term SOFR Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Halozyme Therapeutics, Inc.)

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