First Amendment Term Loan. Subject to the terms and conditions of this Agreement, (i) each Lender severally agrees to make available to the Borrowers on the First Amendment Effective Date such Lender’s Percentage of a term loan in Dollars (the “First Amendment Term Loan”) in the aggregate principal equal to the Term Facility Commitment Amount for the purposes hereinafter set forth; (ii) as set forth more fully in Section 1.1(c), the Lenders will make the Revolving Loans to the Borrowers and (ii) as set forth more fully in Section 1.1(b), the Swing Line Lender will make the Swing Line Loan to the Borrowers. Amounts repaid or prepaid on the Term Loan may not be reborrowed. The proceeds of the First Amendment Term Loan shall be used to prepay, in full, the aggregate principal amount of the Initial Term Loan outstanding as of the First Amendment Effective Date. From an after the First Amendment Effective Date, the obligations with respect to the Initial Term Loan shall be reduced to $0. It is understood and agreed that from and after the First Amendment Effective Date, all references to the Term Loan shall mean the term loan made to the Borrowers on the First Amendment Effective Date. The Loans, including the Swing Line Loan, shall bear interest and be payable in accordance with the terms and conditions of this Agreement and the Notes. The Notes shall be executed and delivered to each respective Lender on the date hereof and thereafter, from time to time, as and when requested by the Administrative Agent, acting at the direction of any Lender.
First Amendment Term Loan. (i) Subject to the terms and conditions of this Agreement and relying on the representations and warranties set forth herein, each Lender, severally and not jointly, agrees to provide its share of the First Amendment Term Loan to Borrower on the First Amendment Date in Dollars in a principal amount equal to such Lender’s First Amendment Date Commitment. No Lender shall have an obligation to make a First Amendment Term Loan in excess of such Lender’s First Amendment Date Commitment.
First Amendment Term Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make advances under a term loan (the “First Amendment Term Loan”) to the Borrower in Dollars in an aggregate amount up to but not exceeding such Lender’s First Amendment Term Loan Commitment Percentage, which First Amendment Term Loan will be disbursed to the Borrower in Dollars in a single advance on the First Amendment Effective Date. The First Amendment Term Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Amounts repaid on the First Amendment Term Loans may not be reborrowed.
First Amendment Term Loan. Subject to the terms and conditions set forth herein, from the First Amendment Effective Date through and including February 28, 2016, each First Amendment Term Lender severally agrees to make a loan (collectively, the “First Amendment Term Loan”) to the Borrower, which First Amendment Term Loan shall be made in a single drawing by the Borrower, in the amount of such Lender’s First Amendment Term Loan Commitment. Upon the making of the First Amendment Term Loan, the First Amendment Term Loan Commitments of the First Amendment Term Loan Lenders shall be terminated. Upon repayment or prepayment of the First Amendment Term Loan as provided herein, no amount of the First Amendment Term Loan may be re-borrowed.
First Amendment Term Loan. The Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing prior to 11:00 a.m. on the First Amendment Effective Date requesting that the First Amendment Term Loan Lenders make the First Amendment Term Loan as a Base Rate Loan on such date (provided that the Borrower may request, no later than one (1) U.S. Government Securities Business Day prior to the First Amendment Effective Date, that the First Amendment Term Loan Lenders make the First Amendment Term Loan as a SOFR Loan, subject to Section 4.9 of this Agreement). Upon receipt of such Notice of Borrowing from the Borrower, the Administrative Agent shall promptly notify each First Amendment Term Loan Lender thereof. Not later than 1:00 p.m. on the First Amendment Effective Date, each First Amendment Term Loan 48 142128979_6 170630523_7 Lender will make available to the Administrative Agent for the account of the Borrower, at the Administrative Agent’s Office in immediately available funds, the amount of such First Amendment Term Loan to be made by such Term Loan Lender on the First Amendment Effective Date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of the First Amendment Term Loan in immediately available funds by wire transfer to such Person or Persons as may be designated by the Borrower in writing. (c) (b)
First Amendment Term Loan. The Borrower shall repay the aggregate outstanding principal amount of the First Amendment Term Loan in consecutive quarterly installments equal to $3,125,000.00 on the last Business Day of each of March, June, September and December, commencing June 30, 2023, except as the amounts of individual installments may be adjusted pursuant to Section 2.11 hereof. If not sooner paid, the First Amendment Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date. (c) (b)
