Common use of The Term Borrowing Clause in Contracts

The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan denominated in Dollars to the Borrower on the Closing Date in an aggregate amount not to exceed such Term Lender’s Initial Term Commitment (the “Initial Term Loans”). The initial Term Borrowing shall consist of Term Loans made simultaneously by the 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. Term Loans may be Base Rate Loans or Eurodollar Rate Loans as further provided herein.

Appears in 3 contracts

Samples: Credit Agreement (DHX Media Ltd.), First Lien Credit Agreement (Keyw Holding Corp), Credit Agreement (Keyw Holding Corp)

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The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan denominated Term Loan to each Borrower, in Dollars to the Borrower Dollars, on the Closing Date in an aggregate amount (for all such Term Loans) not to exceed such Term Lender’s Initial Closing Date Term Commitment (the “Initial Term Loans”)Commitment. The initial Term Borrowing on the Closing Date shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Initial Closing Date Term CommitmentsCommitment. Amounts borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans Loans, as further provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Athenahealth Inc), Credit Agreement (Alexion Pharmaceuticals Inc)

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

Appears in 2 contracts

Samples: Credit Agreement (Madison Square Garden Entertainment Corp.), Credit Agreement (Madison Square Garden Co)

The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan denominated in Dollars to the Borrower on the Closing Date (or pursuant to adjustments under Section 2.17) in an aggregate amount not to exceed such Term Lender’s Initial Applicable Percentage of the Term Commitment (the “Initial Term Loans”)Facility. The initial Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Initial Applicable Percentage of the Term CommitmentsFacility. Amounts borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. At the Borrower’s option, Term Loans may be Base Rate Loans or Eurodollar Rate Loans Loans, as further provided herein.

Appears in 2 contracts

Samples: Credit Agreement (NOODLES & Co), Credit Agreement (NOODLES & Co)

The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan denominated (each such loan, a “Term Loan”) to the Company in Dollars to the Borrower on the Closing Date in an aggregate amount not to exceed at any time outstanding the amount of such Term Lender’s Initial Term Commitment (the “Initial Term Loans”)Commitment. The initial Term Borrowing on the Closing Date shall consist of Term Loans made simultaneously by the 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. Term Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans Loans, as further provided herein.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Hologic Inc)

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The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan denominated to Borrower, on any Business Day during the Availability Period in Dollars to respect of the Borrower on the Closing Date Term Facility, in an aggregate amount not to exceed such Term Lender’s Initial Applicable Percentage of the Term Commitment (the “Initial Term Loans”)Facility. The initial Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Initial Applicable Percentage of the Term CommitmentsFacility. Amounts borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Rexford Industrial Realty, Inc.)

The Term Borrowing. Subject to the terms and conditions set forth herein, on the Closing Date each Term Lender severally agrees to make a single loan denominated (each such loan, a “Term Loan”) to the Borrowers in Dollars pursuant to the Borrower on the Closing Date Term Facility in an aggregate a principal amount not equal to exceed such its Term Lender’s Initial Term Commitment (the “Initial Term Loans”)Loan Commitment. The initial Each Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Initial Applicable Percentages of the applicable Term CommitmentsFacility. Amounts borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. Term Loans may be Alternate Base Rate Loans or Eurodollar Rate Loans SOFR Loans, as further provided herein.

Appears in 1 contract

Samples: Senior Secured Credit Agreement

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

Appears in 1 contract

Samples: Credit Agreement (TopBuild Corp)

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