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 to the Borrower in Dollars on the date set forth in the applicable Increase Joinder in an amount not to exceed such Term Lender’s Term Commitment. Such Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility as set forth in the Increase Joinder. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (TUTOR PERINI 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 to the Borrower Borrower, on any Business Day during the Availability Period in Dollars on respect of the date set forth in the applicable Increase Joinder Term Facility, in an amount not to exceed such Term Lender’s Applicable Percentage of the Term CommitmentFacility. Such The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility as set forth in the Increase JoinderFacility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Pebblebrook Hotel Trust)

The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan up to three (3) loans in Dollars to the Borrower in Dollars from time to time, on any Business Day during the date set forth in Availability Period for the applicable Increase Joinder Term Facility, in an aggregate amount not to exceed such Term Lender’s Term Commitment. Such Each Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility as set forth in the Increase JoinderFacility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Term SOFR Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Hunt J B Transport Services Inc)

The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to the Borrower in Dollars on any Business Day during the date set forth in Availability Period for the applicable Increase Joinder Term Facility, in an aggregate amount not to exceed such Term Lender’s Term CommitmentCommitment Percentage of the Term Facility. Such The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility as set forth in the Increase JoinderFacility. Amounts borrowed under this Section 2.01(a2.01(b) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Assignment and Assumption (Helix Energy Solutions Group Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Rexford Industrial Realty, 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 Term Loan to the Borrower Administrative Borrower, in Dollars Dollars, on the date set forth in the applicable Increase Joinder Closing Date in an aggregate amount (for all such Term Loans) not to exceed such Term Lender’s Closing Date Term Commitment. Such The Term Borrowing on the Closing Date shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Closing Date Term Facility as set forth in the Increase JoinderCommitment. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Alexion Pharmaceuticals Inc)

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

Appears in 1 contract

Samples: Credit Agreement (TopBuild Corp)

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