Common use of Tranche A Term Loans Clause in Contracts

Tranche A Term Loans. Subject to the terms and conditions of this Agreement, each Tranche A Term Lender severally agrees to make on the Agreement Effective Date, an Advance through the Administrative Agent to the Borrower in Dollars in an amount equal to such Lender’s Tranche A Term Loan Commitment, provided that: (i) the making of such Advances will not cause the aggregate original principal amount of all Tranche A Term Loans to exceed the aggregate amount of the Tranche A Term Loan Commitments in effect on the Agreement Effective Date; and (ii) the making of any such Advance will not cause the Unencumbered Leverage Ratio to exceed the maximum percentage then permitted under Section 6.21(iii). Subject to Section 2.2, such Advances may be Floating Rate Advances or LIBOR Rate Advances. Each Tranche A Term Lender shall fund its Term Percentage of each such Advance and no Tranche A Term Lender will be required to fund any amounts which would cause such Lender’s Tranche A Term Loans to exceed its Tranche A Term Loan Commitment. This facility is a term loan facility. Any such Advances that are repaid may not be reborrowed. From and after the Agreement Effective Date, pursuant to the provisions of Section 2.22, one or more Lenders may agree to increase their Tranche A Term Loan Commitments, issue new Tranche A Term Loan Commitments, or make Additional Loans, in each case, at the times and on the terms and conditions agreed by such Lenders and the Borrower as set forth in the applicable Amendment Regarding Increase. Upon each Tranche A Term Lender’s funding of its Tranche A Term Loan on the Agreement Effective Date, the Tranche A Term Loan Commitment of such Lender shall terminate.

Tranche A Term Loans. Subject to the terms and conditions of this Agreement, each Tranche A Term Lender severally agrees to make on the Agreement Effective Date, an Advance through the Administrative Agent to the Borrower in Dollars in an amount equal to such Lender’s Tranche A Term Loan Commitment, provided that: (i) the making of such Advances will not cause the aggregate original principal amount of all Tranche A Term Loans to exceed the aggregate amount of the Tranche A Term Loan Commitments in effect on the Agreement Effective Date; and (ii) the making of any such Advance will not cause the Unencumbered Leverage Ratio to exceed the maximum percentage then permitted under Section 6.21(iii). Subject to Section 2.2, such Advances may be Floating Rate Advances or LIBOR Rate RateSOFR Advances. Each Tranche A Term Lender shall fund its Term Percentage of each such Advance and no Tranche A Term Lender will be required to fund any amounts which would cause such Lender’s Tranche A Term Loans to exceed its Tranche A Term Loan Commitment. This facility is a term loan facility. Any such Advances that are repaid may not be reborrowed. From and after the Agreement Effective Date, pursuant to the provisions of Section 2.22, one or more Lenders may agree to increase their Tranche A Term Loan Commitments, issue new Tranche A Term Loan Commitments, or make Additional Loans, in each case, at the times and on the terms and conditions agreed by such Lenders and the Borrower as set forth in the applicable Amendment Regarding Increase. Upon each Tranche A Term Lender’s funding of its Tranche A Term Loan on the Agreement Effective Date, the Tranche A Term Loan Commitment of such Lender shall terminate.