Common use of Closing Date Term Loan Commitments Clause in Contracts

Closing Date Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Term Loan to Borrower in an amount equal to the amount of such Lender’s Closing Date Term Loan Commitment. Borrower may make only one borrowing under the Closing Date Term Loan Commitment of each Lender, which shall be on the Closing Date. Any amount borrowed under this Section 2.1 and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.10(a) and 2.11, all amounts owed hereunder with respect to the Loans shall be paid in full no later than the Maturity Date. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding in full of such Lender’s Closing Date Term Loan Commitment on such date.

Closing Date Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a Closing Date Term Loan to Borrower Company in an amount equal to the amount of such Lender’s Closing Date Term Loan Commitment. Borrower Company may make only one borrowing under the Closing Date Term Loan Commitment of each Lender, Commitments which shall be on the Closing Date. Any amount borrowed under this Section 2.1 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.10(a2.12(a) and 2.112.13, all amounts owed hereunder with respect to the Closing Date Term Loans shall be paid in full no later than the Closing Date Term Loan Maturity Date. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding in full of such Lender’s Closing Date Term Loan Commitment on such date.