Common use of Term A Loan Clause in Contracts

Term A Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Term A Loan”) to the Borrower in Dollars in one advance on the Sixth Amendment Effective Date in an amount equal to such Lender’s Term A Loan Commitment. The Lenders shall make the Term A Loan to the Borrower by (i) advancing additional borrowings on the Sixth Amendment Effective Date and (ii) continuing portions of the Term A Loan outstanding immediately prior to the Sixth Amendment Effective Date. Amounts repaid on the Term A Loan may not be reborrowed. The Term A Loan may consist of Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as further provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Synnex Corp), Credit Agreement (Synnex Corp)

AutoNDA by SimpleDocs

Term A Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Term A Loan”) to the Borrower in Dollars in one advance on the Sixth Second Amendment Effective Date in an amount equal to such Lender’s Term A Loan Commitment. The Lenders shall make the Term A Loan to the Borrower by (i) advancing additional borrowings on the Sixth Second Amendment Effective Date and (ii) continuing portions of the Term A Loan outstanding immediately prior to the Sixth Second Amendment Effective Date. Amounts repaid on the Term A Loan may not be reborrowed. The Term A Loan may consist of Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Synnex Corp)

AutoNDA by SimpleDocs

Term A Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Term A Loan”) to the Borrower in Dollars in one advance on the Sixth Amendment Effective Date in an amount equal to such Lender’s Term A Loan Commitment. The Lenders shall make the Term A Loan to the Borrower by (i) advancing additional borrowings on the Sixth Amendment Effective Date and (ii) continuing portions of the Term A Loan outstanding immediately prior to the Sixth Amendment Effective Date. Amounts repaid on the Term A Loan may not be reborrowed. The Term A Loan may consist of Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as further provided herein.. CHAR1\1536964v10

Appears in 1 contract

Samples: Credit Agreement (Synnex Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.