Common use of Term Loan Availability Clause in Contracts

Term Loan Availability. Subject to the terms and conditions of this Agreement, each Lender severally agrees to advance to Borrower on the Closing Date a term loan under this Paragraph 2.03 (individually, a “Term Loan”) in the principal amount of such Lender’s Term Loan Commitment; provided, however, that the aggregate principal amount of all Term Loans made by all Lenders shall not exceed Fifty Million Dollars ($50,000,000.00) (such amount to be referred to herein as the “Total Term Loan Commitment”). The Term Loans shall be made on a pro rata basis by the Lenders in accordance with their respective Term Loan Proportionate Shares, with the Term Loan Borrowing to be comprised of a Term Loan by each Lender equal to such Lender’s Term Loan Proportionate Share of the Total Term Loan Commitment. Each Lender shall advance its Term Loan in a single advance. Borrower may not reborrow the principal amount of a Term Loan after repayment or prepayment thereof.

Term Loan Availability. Subject to the terms and conditions of this Agreement, each Lender severally agrees to advance to Borrower on the Closing Revolving Loan Maturity Date a term loan in such amount as Borrower may request under this Paragraph 2.03 2.02 (individually, a “"Term Loan”) in the principal amount of such Lender’s Term Loan Commitment"); provided, however, that the aggregate principal amount of all the Term Loans Loan made by all Lenders such Lender shall not exceed Fifty Million Dollars the lesser of ($50,000,000.00i) such Lender's Commitment at such time and (ii) the aggregate principal amount of all Revolving Loans payable to such amount to be referred to herein as the “Total Term Loan Commitment”)Lender on such date. The Term Loans shall be made on a pro rata basis by the Lenders in accordance with their respective Term Loan Proportionate Shares, with the Term Loan Borrowing to be comprised of a Term Loan by each Lender equal to such Lender’s Term Loan 's Proportionate Share of the Total Term Loan Commitment. Each Lender shall advance its Term Loan in a single advanceBorrowing. Borrower may not reborrow the principal amount of a Term Loan after repayment or prepayment thereof.

Term Loan Availability. Subject to the terms and conditions of this Agreement, each Lender severally agrees to advance to Borrower on the Closing Date a term loan under this Paragraph 2.03 (individually, a “Term Loan”) in the principal amount of such Lender’s Term Loan Commitment; provided, however, that the aggregate principal amount of all Term Loans made by all Lenders shall not exceed Fifty Thirty Million Dollars ($50,000,000.0030,000,000) (such amount to be referred to herein as the “Total Term Loan Commitment”). The Term Loans shall be made on a pro rata basis by the Lenders in accordance with their respective Term Loan Proportionate Shares, with the Term Loan Borrowing to be comprised of a Term Loan by each Lender equal to such Lender’s Term Loan Proportionate Share of the Total Term Loan CommitmentBorrowing. Each Lender shall advance its Term Loan in a single advance. Borrower may not reborrow the principal amount of a Term Loan after repayment or prepayment thereof.