Common use of The Term Borrowing Clause in Contracts

The Term Borrowing. (i) Subject to the terms and conditions set forth herein, each Closing Date Term Lender severally agreed to make a Term Loan to the Borrower on the Closing Date (each such loan, a “Closing Date Term Loan”) in an amount not exceeding such Closing Date Term Lender’s Applicable Percentage of the Closing Date Term Facility comprised of the Closing Date Term Loans. The Term Borrowing on the Closing Date consisted of Closing Date Term Loans made simultaneously by the Closing Date Term Lenders in accordance with their respective Applicable Percentage of the Closing Date Term Facility.