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”) to the Borrower on any single Business Day during the period from the Effective Date until the twentieth Business Day thereafter in an amount not to exceed such Lender’s Term Commitment at such time. The Term Borrowing shall consist of Term Advances made on the same day by the Term Lenders ratably according to their Term Commitments. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed.

Appears in 2 contracts

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

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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”) to the Borrower on any single Business Day during the period from the Effective Date until the twentieth Business Day thereafter first anniversary thereof in an aggregate amount not to exceed such Lender’s Term Commitment at such time. The Term Borrowing shall consist of Term Advances made on the same day simultaneously by the Term Lenders ratably according to their Term Commitments. Amounts borrowed under this Section 2.01(b2.01(c) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Gatx Financial Corp)

The Term Advances. Each Term Lender severally (but not jointly) agrees, on the terms and conditions hereinafter set forth, to make advances an advance (each, a “Term Advance”) to the Borrower on any single Business Day during the period from the Effective Date until the twentieth Business Day thereafter to and including May 1, 2006 in an amount not to exceed such Lender’s Term Commitment at such time. The Term Borrowing shall consist of Term Advances made on the same day by the Term Lenders ratably according to their Term Commitments. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Telecomunicaciones De Puerto Rico 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, each a "Term Advance") to the Borrower Borrowers on any single Business Day during the period from the Effective Date date hereof until the twentieth Business Day thereafter date that is one year from the date hereof in an aggregate amount not to exceed such Lender’s 's Term Commitment at such time. The Term Borrowing shall consist of Term Advances made on the same day simultaneously by the Term Lenders ratably according to their Term Commitments. Amounts borrowed under this Section 2.01(b2.01(a) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Cincinnati Bell Inc /Oh/)

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