Common use of Initial Term Loans Clause in Contracts

Initial Term Loans. Subject to the terms and conditions set forth herein, each Initial Term Loan Lender severally, and not jointly, agrees to make Initial Term Loans to the Borrower on the Effective Date in a principal amount equal to such Initial Term Loan Lender’s Initial Term Loan Commitment; provided that the Initial Term Loans shall be issued with an original issue discount of 3.0% of par. Amounts paid or prepaid in respect of the Initial Term Loans may not be reborrowed.

Appears in 2 contracts

Sources: Term Loan Credit Agreement (Rex Energy Corp), Term Loan Credit Agreement (Rex Energy Corp)

Initial Term Loans. Subject to the terms and conditions set forth herein, each Initial Term Loan Lender severally, and not jointly, severally agrees to make an Initial Term Loans Loan to the Borrower on the Effective Closing Date in a principal an aggregate amount equal to such Initial Term Loan Lender’s Initial Term Loan Commitment; provided that the Initial Term Loans shall be issued with an original issue discount of 3.0% of par. Amounts borrowed under this Section 2.01(a) once paid or prepaid in respect of the Initial Term Loans prepaid, may not be reborrowed.

Appears in 2 contracts

Sources: Term Loan Credit Agreement (PetIQ, Inc.), Term Loan Credit Agreement (PetIQ, Inc.)

Initial Term Loans. Subject to the terms and conditions set forth herein, each Initial Term Loan Lender severally, and not jointly, with a Term Commitment agrees to make a loan (each such loan, an “Initial Term Loans Loan”) to the Borrower on the Effective Date in a the principal amount equal to of such Initial Term Loan Lender’s Initial Term Loan Commitment; provided that the Initial Term Loans shall be issued with an original issue discount of 3.0% of par. Amounts paid Once repaid or prepaid in respect of the prepaid, Initial Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (DG FastChannel, Inc)

Initial Term Loans. Subject to the terms and conditions set forth herein, each Initial Term Loan Lender severally, and not jointly, agrees to make Initial Term Loans to the Borrower on the Effective Closing Date in Dollars in a principal amount equal not to such Initial Term Loan Lender’s exceed its Initial Term Loan Commitment; provided that the Initial Term Loans shall be issued with an original issue discount of 3.0% of par. Amounts paid or prepaid in respect of the Initial Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (View, Inc.)

Initial Term Loans. Subject to the terms and conditions set forth hereinhereof, each Lender severally agrees to make an Initial Term Loan Lender severally, and not jointly, agrees to make Initial Term Loans to the Borrower on the Effective Closing Date in a principal amount equal to such its Initial Term Loan Lender’s Initial Term Loan Commitment; provided that the Initial Term Loans shall be issued with an original issue discount of 3.0% of par. Amounts paid Once repaid, whether such payment is voluntary or prepaid in respect of required, the Initial Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Town Sports International Holdings Inc)