Common use of The Term Loan Clause in Contracts

The Term Loan. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a Term Borrowing to Borrower on the Closing Date in an amount not to exceed such Term Lender’s Applicable Percentage of the Term Facility. 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.

The Term Loan. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a Term Borrowing to Borrower Borrowers on the Closing Date in an amount not to exceed such Term Lender’s Applicable Percentage of the Term FacilityCommitment. 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.

The Term Loan. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a Term Borrowing to Borrower on the Closing Date in an amount not to exceed such Term Lender’s Applicable Percentage of the Term Facility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base either Term SOFR Rate Loans or Eurodollar Daily SOFR Rate Loans, except as further provided herein.