Closing Date Loans. Subject to the terms and conditions of this Agreement, the Lenders agree that the outstanding principal amount of the term loan made under the Existing 2L Note constitutes a Loan hereunder as if an advance had been made hereunder. As of the Closing Date, the outstanding amount of the Loans hereunder is $31,500,000. The Loan under this Agreement to the extent repaid or prepaid, may not be reborrowed.
Appears in 2 contracts
Sources: Credit and Security Agreement (XBP Global Holdings, Inc.), Credit and Security Agreement (XBP Global Holdings, Inc.)