Fourth Amendment Effective Date Term Borrowing Sample Clauses

Fourth Amendment Effective Date Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender included on Schedule 2.01(a) severally agrees to make a Term Loan in Dollars to the Company on the Fourth Amendment Effective Date in an amount not to exceed such Term Lender’s Fourth Amendment Term Commitment (the “Fourth Amendment Term Loans”). The Term Borrowing on the Fourth Amendment Effective Date shall consist of Term Loans made simultaneously by the Term Lenders included on Schedule 2.01(a) in accordance with their respective Fourth Amendment Term Commitments. The funding of the Fourth Amendment Term Loans shall be in addition to the Closing Date Term Loans under this Agreement outstanding immediately prior to the Fourth Amendment Effective Date, and the Fourth Amendment Term Commitment of each Term Lender shall terminate upon the funding by such Term Lender of its Fourth Amendment Term Loan on the Fourth Amendment Effective Date. The Fourth Amendment Term Loans shall be “Term Loans” for all purposes under this Agreement and each other Loan Document and, except as expressly set forth in this Agreement, shall have terms identical to the Closing Date Term Loans. The Term Borrowings shall consist of Term Loans made or continued simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility. Amounts borrowed or continued under this Section 2.01(a) and repaid or prepaid may not be re-borrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.