Common use of The Term Advances Clause in Contracts

The Term Advances. Each Term Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each, a “Term Advance”) denominated in Dollars to the Company on the Effective Date in an aggregate amount not to exceed such Lender’s Term Commitment. The Term Borrowings shall consist of Term Advances of the same Type made simultaneously by the Term Lenders ratably according to their Term Commitments. Amounts borrowed under this Section 2.01(c) and repaid or prepaid may not be reborrowed.

Appears in 3 contracts

Samples: Credit Agreement (Jabil Inc), Credit Agreement (Jabil Inc), Five Year Credit Agreement (Jabil Inc)

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The Term Advances. Each Term Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each, a “Term Advance”) denominated in Dollars to the Company on the Effective Closing Date in an aggregate amount not equal to exceed such Lender’s Term Commitment. The Term Borrowings shall consist of Term Advances of the same Type made simultaneously by the Term Lenders ratably according to their Term Commitments. Amounts borrowed under this Section 2.01(c) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Synnex Corp)

The Term Advances. Each Term Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each, a “the Term Advance”) denominated in Dollars Advance to the Company Borrower on the Effective Date in an aggregate a principal amount not equal to exceed such Term Lender’s Term CommitmentCommitment as of the Effective Date. The Term Borrowings shall consist of Term Advances of the same Type made simultaneously by the Term Lenders ratably according to their Term Commitments. Amounts borrowed under this Section 2.01(c) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Cracker Barrel Old Country Store, Inc)

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The Term Advances. Each Term Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each, a “Term Advance”) denominated in Dollars to the Company on the Effective Closing Date in an aggregate amount not equal to exceed such Lender’s Term Lendxx’x Xerm Commitment. The Term Borrowings shall consist of Term Advances of the same Type made simultaneously by the Term Lenders ratably according to their Term Commitments. Amounts borrowed under this Section 2.01(c) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Td Synnex Corp)

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