Common use of Proposed Initial Borrowing Clause in Contracts

Proposed Initial Borrowing. This Agreement represents a request by the Borrower to borrow the New Term Loans from the New Term Loan Lender as follows (the “Proposed Initial Borrowing”): (a) Business Day of Proposed Initial Borrowing: September 21, 2020 (b) Amount of Proposed Initial Borrowing: $185,000,000 (c) Interest rate option: (i) $185,000,000 of LIBOR Loans with an initial Interest Period ending on December 31, 2020. (d) The New Term Loans borrowed pursuant to this notice shall be disbursed in accordance with the Funds Flow to be dated September 21, 2020.

Appears in 1 contract

Sources: Second Joinder Agreement and Fourth Amendment (Aveanna Healthcare Holdings, Inc.)

Proposed Initial Borrowing. This Agreement represents a request by the Borrower to borrow the Initial New Term Loans from the New Term Loan Lender Lenders as follows (the “Proposed Initial Borrowing”): (a) Business Day of Proposed Initial Borrowing: September 21July 2, 20202018 (b) Amount of Proposed Initial Borrowing: $185,000,000171,000,000 (c) Interest rate option: (i) $185,000,000 171,000,000 of LIBOR Loans with an initial Interest Period ending on December 31September 30, 20202018. (d) The Initial New Term Loans borrowed pursuant to this notice shall be disbursed in accordance with the Funds Flow to be dated September 21July 1, 20202018.

Appears in 1 contract

Sources: Joinder Agreement and Amendment (Aveanna Healthcare Holdings, Inc.)