Common use of Term Loan A-3 Clause in Contracts

Term Loan A-3. Subject to the terms and conditions hereof and relying upon the representations and warranties of the Loan Parties set forth herein and in the other Loan Documents, each Term Loan A-3 Lender severally agrees to make term loans (each such term loan, a “Term Loan A-3”) to the Borrower from time to time, on any Business Day during the applicable Term Loan A-3 Availability Period, in an aggregate principal amount as the Borrower shall request not to exceed at any time outstanding the amount of such Term Loan A-3 Lender’s Term Loan A-3 Commitment. The Borrower may not prepay under Section 2.03 and reborrow under this Section 2.01(c). The Term Loan A-3 may be a Base Rate Loan or SOFR Loan, as further provided herein. In no event may the Borrower request more than four (4) Borrowings of Term Loan A-3s.

Appears in 2 contracts

Sources: Credit Agreement (Array Digital Infrastructure, Inc.), Credit Agreement (United States Cellular Corp)