Common use of The Term Loan Borrowings Clause in Contracts

The Term Loan Borrowings. Subject to the terms and conditions set forth herein, each Term Loan Lender made a single term loan in U.S. Dollars to the Borrower on the Original Closing Date (each such loan, a “Term Loan” and all such loans together, the “Term Loan” or the “Term Loans” as the context may require), and, the Outstanding Amount of such Term Loans under the Existing Credit Agreement immediately prior to the occurrence of the Closing Date shall continue outstanding upon the occurrence of the Closing Date without any novation in an amount equal to such Term Loan Lender’s Term Loan Commitment, and upon the occurrence of the Closing Date and continuation of such Term Loans, the Term Loan Commitment of such Term Loan Lender shall be automatically terminated. The Term Loan Borrowing consists of Term Loans (x) outstanding immediately prior to the occurrence of the Closing Date and (y) made simultaneously by the Term Loan Lenders on the Original Closing Date in accordance with their respective Term Loan Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or LIBOR Rate Loans as further provided herein. The Borrower promises to pay to the Global Agent or the U.S. Agent, as applicable, for the account of the Term Loan Lenders, in accordance with their respective Applicable Percentages, all amounts due under the Term Loan on the Maturity Date applicable to the Term Loan or such earlier date as is required hereunder.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Waste Connections, Inc.)

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The Term Loan Borrowings. Subject to the terms and conditions set forth herein, each Term Loan Lender made severally agrees to make a single term loan in U.S. Dollars to the Borrower on the Original Closing Date (each such loan, a “Term Loan” and all such loans together, the “Term Loan” or the “Term Loans” as the context may require), and, the Outstanding Amount of such Term Loans under the Existing Credit Agreement immediately prior to the occurrence of the Closing Date shall continue outstanding upon the occurrence of the Closing Date without any novation ) in an amount equal not to exceed such Term Loan Lender’s Term Loan Commitment, and upon the occurrence of the Closing Date and continuation making of such Term Loansterm loan, the Term Loan Commitment of such Term Loan Lender shall be automatically terminatedterminate. The Term Loan Borrowing consists shall consist of Term Loans (x) outstanding immediately prior to the occurrence of the Closing Date and (y) made simultaneously by the Term Loan Lenders on the Original Closing Date in accordance with their respective Term Loan Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or LIBOR Rate Loans as further provided herein. The Borrower promises to pay to the Global Agent or the U.S. Agent, as applicable, for the account of the Term Loan Lenders, in accordance with their respective Applicable Percentages, all amounts due under the Term Loan on the Maturity Date applicable to the Term Loan or such earlier date as is required hereunder.

Appears in 1 contract

Samples: Assignment and Assumption (Waste Connections, Inc.)

The Term Loan Borrowings. Subject to the terms and conditions set forth herein, each Term Loan Lender made a single term loan in U.S. Dollars to the Borrower on the Original Closing Date (each such loan, a “Term Loan” and all such loans together, the “Term Loan” or the “Term Loans” as the context may require), and, the Outstanding Amount of such Term Loans under the Existing Credit Agreement immediately prior to the occurrence of the Closing Date shall continue outstanding upon the occurrence of the Closing Date without any novation in an amount equal to such Term Loan Lender’s Term Loan Commitment, and upon the occurrence of the Closing Date and continuation of such Term Loans, the Term Loan Commitment of such Term Loan Lender shall be automatically terminated. The Term Loan Borrowing consists of Term Loans (x) outstanding immediately prior to the occurrence of the Closing Date and (y) made simultaneously by the Term Loan Lenders on the Original Closing Date in accordance with their respective Term Loan Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or LIBOR Rate Term SOFR Loans as further provided herein. The Borrower promises to pay to the Global Agent or the U.S. Agent, as applicable, for the account of the Term Loan Lenders, in accordance with their respective Applicable Percentages, all amounts due under the Term Loan on the Maturity Date applicable to the Term Loan or such earlier date as is required hereunder.. 45

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Waste Connections, Inc.)

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The Term Loan Borrowings. Subject to the terms and conditions set forth herein, each Term Loan Lender made a single term loan in U.S. Dollars to the Borrower on the Original Closing Date (each such loan, a “Term Loan” and all such loans together, the “Term Loan” or the “Term Loans” as the context may require), and, except to the Outstanding Amount of such Term Loans under the Existing Credit Agreement immediately extent repaid prior to the occurrence of the Closing Date Date, such Term Loan shall continue outstanding upon the occurrence of the Closing Date without any novation in an amount equal to such Term Loan Lender’s Term Loan Commitment, and upon the occurrence of the Closing Date and continuation making of such Term Loansterm loan, the Term Loan Commitment of such Term Loan Lender shall be automatically terminated. The Term Loan Borrowing consists of Term Loans (x) outstanding immediately prior to the occurrence of the Closing Date and (y) made simultaneously by the Term Loan Lenders on the Original Closing Date in accordance with their respective Term Loan Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or LIBOR Rate Loans as further provided herein. The Borrower promises to pay to the Global Agent or the U.S. Agent, as applicable, for the account of the Term Loan Lenders, in accordance with their respective Applicable Percentages, all amounts due under the Term Loan on the Maturity Date applicable to the Term Loan or such earlier date as is required hereunder.. 41

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Waste Connections, Inc.)

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