Common use of Term Borrowing Clause in Contracts

Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to the Borrower, in Dollars, on the Eighth Amendment Effective Date in an amount not to exceed such Term Lender’s Applicable Percentage of the Term Facility, so long as after giving effect to such Term Borrowing, the Borrowing Availability shall not be less than zero. The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentages of the Term Facility. Term Borrowings repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan Term Loans to the Borrower, in Dollars, from time to time, on any Business Day during the Eighth Amendment Effective Date Availability Period for the Term Facility, in an aggregate amount not to exceed such Term Lender’s Applicable Percentage of the Term Facility, so long as after giving effect to such Term Borrowing, the Borrowing Availability shall not be less than zero. The Each Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentages Percentage of the Term Facility. Term Borrowings repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.