Examples of Initial Term Loans in a sentence
Each Initial Term Lender’s Initial Term Loan Commitment shall automatically and without notice be reduced to zero immediately after the funding of the Initial Term Loans on the Closing Date.
The Borrowing of the Initial Term Loans on the Closing Date shall be in an aggregate amount equal to the aggregate Initial Term Loan Commitments.
The Administrative Agent shall have received a Borrowing Request for the Initial Term Loans and Tranche B Loans in accordance with Section 2.03.
Amounts repaid or prepaid in respect of the Initial Term Loans may not be reborrowed.
The repayment of the Loans made pursuant to this Section 3.01(a) shall be applied ratablyas between the Initial Term Loans, any Delayed Draw Term Loans and theClasses of outstanding Loans (excluding Tranche B Loans) on a pro rata basis.