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 to the Borrowers a single loan denominated in Dollars in a principal amount equal to such Term Lender’s Term Commitment on the Closing Date. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

Appears in 3 contracts

Samples: Security Agreement (Bloomin' Brands, Inc.), Credit Agreement (Bloomin' Brands, Inc.), Security Agreement (Bloomin' Brands, Inc.)

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The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender has severally agrees agreed to make to make, on the Borrowers Closing Date, a single loan denominated in Dollars in a an aggregate principal amount equal to such its Term Lender’s Term Commitment on the Closing DateCommitment. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Black Knight, Inc.), Credit and Guaranty Agreement (Black Knight, Inc.)

The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender has severally agrees agreed to make to make, on the Borrowers Closing Date, a single loan denominated in Dollars in a an aggregate principal amount equal to such its Term Lender’s Term Commitment on the Closing DateCommitment. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Eurodollar RateTerm Benchmark Loans, as further provided herein.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Black Knight, Inc.)

The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender with a Term Commitment severally agrees to make to the Borrowers a single loan denominated in Dollars in a principal amount equal to such Term Lender’s Term Commitment the Borrower on the Closing Date; provided that the aggregate amount of Term Loans made on the Closing Date by the Term Lenders shall not exceed $750,000,000. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Colfax 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 term loan (each such loan, a “Term Loan”) to the Borrowers a single loan denominated Borrower on the Closing Date in Dollars in a principal an amount equal not to exceed such Term Lender’s Applicable Percentage of the Term Commitment on the Closing DateFacility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Fairpoint Communications Inc)

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