Common use of Term Borrowings Clause in Contracts

Term Borrowings. Subject to the terms and conditions expressly set forth herein, each Term Lender severally agrees to make to the Borrower on the Closing Date one or more Term Borrowings of Initial Term Loans denominated in Dollars in an aggregate amount not to exceed at any time outstanding the amount of such Term Lender’s Initial Term Commitment. Amounts borrowed 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.

Appears in 3 contracts

Samples: Credit Agreement (Global Eagle Entertainment Inc.), Credit Agreement (Jason Industries, Inc.), Credit Agreement (Global Eagle Entertainment Inc.)

AutoNDA by SimpleDocs

Term Borrowings. (a) Subject to the terms and conditions expressly set forth hereinin Section 4.01 hereof, each Term Lender severally agrees to make to the Borrower on the Closing Date one or more Term Borrowings of Initial Closing Date Term Loans denominated in Dollars in an aggregate principal amount not equal to exceed at any time outstanding the amount of such Term Lender’s Initial Closing Date Term CommitmentLoan Commitment on the Closing Date. Amounts borrowed under this Section 2.01(a2.01(1)(a) and repaid or prepaid may not be re-borrowedreborrowed. The Closing Date Term Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.

Appears in 3 contracts

Samples: First Lien Credit Agreement (Convey Health Solutions Holdings, Inc.), First Lien Credit Agreement (Convey Holding Parent, Inc.), First Lien Credit Agreement (Convey Holding Parent, Inc.)

Term Borrowings. Subject to the terms and conditions expressly set forth hereinin Section 4.01 hereof, each Term Lender severally agrees to make to the Borrower on the Closing Date one or more Term Borrowings of Initial Closing Date Term Loans denominated in Dollars in an aggregate principal amount not equal to exceed at any time outstanding the amount of such Term Lender’s Initial Closing Date Term CommitmentLoan Commitment on the Closing Date. Amounts borrowed under this Section 2.01(a2.01(1) and repaid or prepaid may not be re-borrowedreborrowed. The Closing Date Term Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.

Appears in 3 contracts

Samples: Credit Agreement (GreenSky, Inc.), Credit Agreement (GreenSky, Inc.), Credit Agreement (Cushman & Wakefield PLC)

Term Borrowings. (a) Subject to the terms and conditions expressly set forth hereinin Section 4.01 hereof, each USD Term Lender severally agrees to make to the Borrower on the Closing Date one or more Term Borrowings of Initial Closing Date USD Term Loans denominated in Dollars in an aggregate principal amount not equal to exceed at any time outstanding the amount of such USD Term Lender’s Initial Closing Date USD Term CommitmentLoan Commitment on the Closing Date. Amounts borrowed under this Section 2.01(a2.01(1)(a) and repaid or prepaid may not be re-borrowedreborrowed. The Closing Date USD Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

Appears in 2 contracts

Samples: First Lien Credit Agreement (McAfee Corp.), First Lien Credit Agreement (McAfee Corp.)

Term Borrowings. Subject to the terms and conditions expressly set forth hereinin Section 4.01 hereof, each Term Lender severally agrees to make to the Borrower on the Closing Date one or more Term Borrowings of Initial Closing Date Term Loans denominated in Dollars in an aggregate principal amount not equal to exceed at any time outstanding the amount of such Term Lender’s Initial Closing Date Term CommitmentCommitment on the Closing Date. Amounts borrowed under this Section 2.01(a2.01(1) and repaid or prepaid may not be re-borrowedreborrowed. The Closing Date Term Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Intercreditor Agreement (Life Time Group Holdings, Inc.)

AutoNDA by SimpleDocs

Term Borrowings. (a) Subject to the terms and conditions expressly set forth hereinin Section 4.01 hereof, each USD Term Lender severally agrees to make to the Borrower on the Closing Date one or more Term Borrowings of Initial Closing Date USD Term Loans denominated in Dollars in an aggregate principal amount not equal to exceed at any time outstanding the amount of such USD Term Lender’s Initial Closing Date USD Term CommitmentLoan Commitment on the Closing Date. Amounts borrowed under this Section 2.01(a2.01(1) and repaid or prepaid may not be re-borrowedreborrowed. The Closing Date USD Term Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: First Lien Credit Agreement (McAfee Corp.)

Term Borrowings. (a) Subject to the terms and conditions expressly set forth hereinin Section 4.01 hereof, each Term Lender severally agrees to make to the Borrower on the Closing Date one or more Term Borrowings of Initial Closing Date Term Loans denominated in Dollars in an aggregate principal amount not equal to exceed at any time outstanding the amount of such Term Lender’s Initial Closing Date Term CommitmentLoan Commitment on the Closing Date. Amounts borrowed under this Section 2.01(a2.01(1)(a) and repaid or prepaid may not be re-borrowedreborrowed. The Closing Date Term Loans may be Base Rate Loans or Eurocurrency EurodollarTerm SOFR Rate Loans, as further provided herein.

Appears in 1 contract

Samples: First Lien Credit Agreement (Convey Health Solutions Holdings, Inc.)

Term Borrowings. Subject to the terms and conditions expressly set forth hereinin Section 4.01 hereof, each Term Lender severally agrees to make to the Borrower on the Closing Date one or more Term Borrowings of Initial Closing Date Term Loans denominated in Dollars in an aggregate principal amount not equal to exceed at any time outstanding the amount of such Term Lender’s Initial Closing Date Term CommitmentLoan Commitment on the Closing Date. Amounts borrowed under this Section 2.01(a2.01(1) and repaid or prepaid may not be re-borrowedreborrowed. The Closing Date Term Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.. 117

Appears in 1 contract

Samples: Credit Agreement (Convey Holding Parent, Inc.)

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