Common use of The Term Loans Clause in Contracts

The Term Loans. (a) Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a Term Loan to the Borrower on the Term Loan Funding Date, in an aggregate principal amount not to exceed its Term Loan Commitment as of such date (determined immediately prior to giving effect to the making of any such Term Loan) provided that (i) there shall be only one Borrowing of Term Loans and any Term Loan Commitments that remain undrawn on the Term Loan Funding Date shall automatically be terminated on such date. The Term Loans shall have the terms set forth in this Agreement and Loan Documents; it being understood that the Term Loans (and all principal, interest and other amounts in respect thereof) will constitute “Obligations” under this Agreement and the other Loan Documents. As provided in Section 2.5(a) and subject to the terms hereof, the Borrower may elect that the Term Loans comprising the Borrowing hereunder of Term Loans be Base Rate Loans or Term Benchmark Loans. For the avoidance of doubt, no RFR Borrowings will be permitted hereunder unless and until it has been implemented as a Benchmark Replacement pursuant to Section 8.3. (b) Amounts repaid or prepaid in respect of Term Loans may not be reborrowed.

The Term Loans. (a) Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a Term Loan to the Borrower Borrowers on the Term Loan Funding Date, Closing Date in an aggregate principal amount equal to such Lender's Term Loan Commitment. The Borrowers may make only one borrowing of Term Loans which shall consist of Term Loans made simultaneously by the Lenders on the Closing Date in accordance with their respective Percentages. The Term Loans (x) shall be denominated in Dollars and (y) shall bear interest in accordance with Section 2.06. Amounts borrowed under this Section 2.01 and repaid or prepaid may not to exceed its be re-borrowed. Each Lender's Term Loan Commitment as of such date (determined shall terminate immediately prior to and without further action on the Closing Date after giving effect to the making funding of any such Term Loan) provided that (i) there shall be only one Borrowing of Term Loans and any Lender's Term Loan Commitments that remain undrawn Commitment on the Term Loan Funding Date shall automatically be terminated on such date. The Term Loans shall have the terms set forth in this Agreement and Loan Documents; it being understood that the Term Loans (and all principal, interest and other amounts in respect thereof) will constitute “Obligations” under this Agreement and the other Loan Documents. As provided in Section 2.5(a) and subject to the terms hereof, the Borrower may elect that the Term Loans comprising the Borrowing hereunder of Term Loans be Base Rate Loans or Term Benchmark Loans. For the avoidance of doubt, no RFR Borrowings will be permitted hereunder unless and until it has been implemented as a Benchmark Replacement pursuant to Section 8.3Closing Date. (b) Amounts repaid or prepaid in respect Notwithstanding anything to the contrary contained herein (and without affecting any other provision hereof), the funded portion of the Term Loans may not to be reborrowedmade on the Closing Date by the Lenders shall be equal to 99% of the principal amount of the Term Loans (it being agreed that the full principal amount of each such Term Loan will be deemed outstanding on the Closing Date and the Borrowers shall be obligated to repay 100% of the principal amount of each Term Loan as provided hereunder) as set forth in Section 3.

The Term Loans. (a) Subject to On the terms and subject to the conditions set forth hereincontained in this Agreement, each Term A Loan Lender severally agrees to make a loan (each a "Term Loan A Loan") to the Borrower Borrowers on the Term Loan Funding Closing Date, in an aggregate principal amount not to exceed the lesser of (i) its Term A Loan Commitment and (ii) such Term A Loan Lender's Ratable Portion of the Borrowing Base (Unadjusted) at such time. Amounts prepaid pursuant to Section 2.7(c) or Section 2.8 may not be reborrowed under this Section 2.2. (b) On the terms and subject to the conditions contained in this Agreement, unless the Termination Date occurs on or prior to the Debt Repurchase Closing Date, each Term B Loan Lender severally agrees to make a loan (each a "Term B Loan") to the Borrowers on the Debt Repurchase Closing Date, in an amount not to exceed its Term B Loan Commitment as Commitment; provided, however, that Term B Loan Lender shall not be obligated to make a Term B Loan in excess of such date (determined immediately prior to giving effect to the making of any such Term Loan) provided that (i) there shall be only one Borrowing of B Loan Lender's Available Term Loans and any Term B Loan Commitments that remain undrawn on the Term Loan Funding Date shall automatically be terminated on such dateCredit. The Term Loans shall have the terms set forth in this Agreement and Loan Documents; it being understood that the Term Loans (and all principal, interest and other amounts in respect thereof) will constitute “Obligations” under this Agreement and the other Loan Documents. As provided in Section 2.5(a) and subject to the terms hereof, the Borrower may elect that the Term Loans comprising the Borrowing hereunder of Term Loans be Base Rate Loans or Term Benchmark Loans. For the avoidance of doubt, no RFR Borrowings will be permitted hereunder unless and until it has been implemented as a Benchmark Replacement Amounts prepaid pursuant to Section 8.3. (b2.7(d) Amounts repaid or prepaid in respect of Term Loans Section 2.8 may not be reborrowedreborrowed under this Section 2.2.