The Term Borrowings. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make (i) a single loan to the Borrower on the Closing Date in an amount not to exceed such Term Lender’s Term Commitment then in effect and (ii) a second loan to the Borrower at any time after the Closing Date, but prior to the expiration of the Availability Period with respect to the Term Facility, in an amount not to exceed the unused portion of such Term Lender’s Term Commitment then in effect; provided that (x) in no event shall there be more than two Term Borrowings, (y) the aggregate principal amount of the Term Borrowing to be made on the Closing Date shall not exceed $100,000,000 and (z) the aggregate amount of Term Loans made pursuant to any Term Borrowing shall not exceed the aggregate amount of the Term Commitments of all Term Lenders then in effect. The Term Borrowings, whether made on the Closing Date or thereafter pursuant to this Section 2.01(a), shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. The Term Loans made pursuant to the Term Borrowings under this Section 2.01(a) shall constitute a single Term Facility. Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
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Samples: Credit Agreement (Polypore International, Inc.), Credit Agreement (Polypore International, Inc.)
The Term Borrowings. (i) Subject to the terms and conditions set forth herein, (1) each Parent Term Lender severally agrees to make to the Parent Borrower a single loan denominated in Dollars in an aggregate principal amount equal to such Parent Term Lender’s Parent Term Commitment on the Closing Date, and (2) each Dutch Term Lender severally agrees to make to the Dutch Subsidiary Borrower a single loan denominated in Euros in an aggregate principal amount equal to such Dutch Term Lender’s Dutch Term Commitment on the Closing Date; provided that each Dutch Term Lender, at its option, may make such loan by causing any foreign or domestic branch or Affiliate of such Dutch Term Lender to make such loan; provided, further, that any exercise of such option shall not affect the obligation of the Dutch Subsidiary Borrower to repay such loan in accordance with the terms of this Agreement.
(ii) Subject to the terms and conditions set forth herein, each Delayed Draw Term Lender severally agrees to make (i) a single loan to the Parent Borrower up to three (3) loans denominated in Dollars as elected by the Parent Borrower pursuant to Section 2.02 (each such loan, a “Delayed Draw Term Loan”) from time to time on any Business Day after the Closing Date until the Delayed Draw Term Commitment Expiration Date, in an aggregate principal amount not to exceed at any time outstanding the amount of such Delayed Draw Term Lender’s Delayed Draw Term Commitment then in effect and Commitment.
(iiiii) a second loan to the Borrower at any time after the Closing Date, but prior to the expiration of the Availability Period with respect to the Term Facility, in an amount not to exceed the unused portion of such Term Lender’s Term Commitment then in effect; provided that (x) in no event shall there be more than two Term Borrowings, (y) the aggregate principal amount of the Term Borrowing to be made on the Closing Date shall not exceed $100,000,000 and (z) the aggregate amount of Term Loans made pursuant to any Term Borrowing shall not exceed the aggregate amount of the Term Commitments of all Term Lenders then in effect. The Term Borrowings, whether made on the Closing Date or thereafter pursuant to this Section 2.01(a), shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. The Parent Term Loans made pursuant to the Term Borrowings under this Section 2.01(a) shall constitute a single Term Facility. and Delayed Draw Term Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, and Dutch Term Loans must be Eurocurrency Rate Loans, in each case as further provided herein.
Appears in 1 contract
Samples: Credit Agreement (WP Prism Inc.)
The Term Borrowings. (i) The Term B Borrowings. Subject to the terms and conditions set forth herein, each Term B Lender severally agrees to make (i) a single loan to the Borrower on the Closing Date or, in the case of any Incremental Facility consisting of Term B Commitments, the Increase Effective Date in respect of such Incremental Facility, in each case in an amount not to exceed such Term B Lender’s 's Term B Commitment then in effect and (ii) a second loan to the Borrower at any time after the Closing Date, but prior to the expiration of the Availability Period with respect to the Term Facility, in an amount not to exceed the unused portion of such Term Lender’s Term Commitment then in effect; provided that (x) in no event shall there be more than two Term Borrowings, (y) the aggregate principal amount of the Term Borrowing to be made on the Closing Date shall not exceed $100,000,000 and (z) the aggregate amount of Term Loans made pursuant to any Term Borrowing shall not exceed the aggregate amount of the Term Commitments of all Term Lenders then in effecttime. The Term Borrowings, whether made on the Closing Date or thereafter pursuant to this Section 2.01(a), B Borrowing shall consist of Term B Loans made simultaneously by the Term B Lenders in accordance with their respective Applicable Percentage of the Term B Commitments. Amounts borrowed under this Section 2.01(a2.01(a)(i) and repaid or prepaid may not be reborrowed. The Term Loans made pursuant to the Term Borrowings under this Section 2.01(a) shall constitute a single Term Facility. Term B Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
(ii) The Term B-1 Borrowings. Subject to the terms and conditions set forth herein, each Term B-1 Lender severally agrees to make a single loan to the Borrower on the Term B-1 Effective Date in an amount not to exceed such Term B-1 Lender's Term B-1 Commitment at such time. The Term B-1 Borrowing shall consist of Term B-1 Loans made simultaneously by the Term B-1 Lenders in accordance with their respective Term B-1 Commitments. Amounts borrowed under this Section 2.01(a)(ii) and repaid or prepaid may not be reborrowed. Term B-1 Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein."
Appears in 1 contract
The Term Borrowings. Subject (i) Pursuant to the terms and subject to the conditions of the Incremental and Amendment and Restatement Agreement, each Effective Date Term B Lender has made a term loan denominated in Dollars to the Borrower in an amount equal to such Effective Date Term B Lender’s Effective Date Term B Commitment on the Amendment and Restatement Effective Date (each, an “Effective Date Term B Loan”).
(ii) During the Delayed Draw Commitment Period, subject to the terms and conditions and in reliance upon the representations and warranties set forth hereinin the Incremental and Amendment and Restatement Agreement, each Delayed Draw Term B Lender severally agrees to make available to the Borrower a single term loan denominated in Dollars (each, a “Delayed Draw Term B Loan”) in an aggregate principal amount up to such Delayed Draw Term B Lender’s Delayed Draw Term B Commitment on the Delayed Draw Funding Date; provided that (i) a single loan to the Borrower on the Closing Date in an amount not to exceed such there shall be no more than one borrowing of Delayed Draw Term Lender’s Term Commitment then in effect B Loans and (ii) the Delayed Draw Term B Loans (if and when funded) shall have the same terms and shall be treated as a second loan to single Class for all purposes with the Borrower at any time after the Closing DateEffective Date Term B Loans, but prior to the expiration of the Availability Period with respect to the Term Facility, in an amount not to exceed the unused portion of such Term Lender’s Term Commitment then in effect; provided except that (x) in no event shall there be more than two Term Borrowings, (y) the aggregate principal amount of the Term Borrowing to be made interest on the Closing Date Delayed Draw Term B Loans shall not exceed $100,000,000 and commence to accrue from the date of funding thereof. (ziii) the aggregate amount of Term Loans made pursuant to any Term Borrowing shall not exceed the aggregate amount of the Term Commitments of all Term Lenders then in effect. The Term Borrowings, whether made on the Closing Date or thereafter pursuant to this Section 2.01(a), shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Commitments. Amounts borrowed under this Section 2.01(a) and as Term B Loans that are repaid or prepaid may not be reborrowed. The Term Loans made pursuant to the Term Borrowings under this Section 2.01(a) shall constitute a single Term Facility. Term B Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Samples: Credit Agreement (Bright Horizons Family Solutions Inc.)