Common use of The Borrowing Clause in Contracts

The Borrowing. Subject to the terms and conditions set forth herein, each Lender (severally and not jointly) agrees to make a term loan (each such loan, a “Term Loan”) to the Borrower in Dollars in a single advance on any Business Day during the Availability Period in an aggregate initial outstanding principal amount not to exceed such L▇▇▇▇▇’s Commitment. Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein; provided, that, to the extent the Initial Funding Date occurs on the Closing Date or any of the three (3) Business Days immediately following the Closing Date, the Term Loans shall be made as Base Rate Loans unless the Borrower delivers a funding indemnity letter, in form and substance reasonably satisfactory to the Administrative Agent, not less than three (3) Business Days prior to the Initial Funding Date. Amounts repaid or prepaid in respect of Term Loans may not be reborrowed.

The Borrowing. Subject to the terms and conditions set forth herein, each Lender (severally and not jointly) agrees to make a term loan (each such loan, a “Delayed Draw Term Loan”) to the Borrower in Dollars in a single advance on any Business Day during the Availability Period in an aggregate initial outstanding principal amount not to exceed such L▇▇▇▇▇’s Commitment. Delayed Draw Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein; provided, that, to the extent the Initial Funding Date occurs on the Closing Date or any of the three (3) Business Days immediately following the Closing Date, the Delayed Draw Term Loans shall be made as Base Rate Loans unless the Borrower delivers a funding indemnity letter, in form and substance reasonably satisfactory to the Administrative Agent, not less than three (3) Business Days prior to the Initial Funding Date. Amounts repaid or prepaid in respect of Delayed Draw Term Loans may not be reborrowed.

The Borrowing. Subject to the terms and conditions set forth herein, each Lender (severally and not jointly) agrees to make a term loan (each such loan, a “Term Loan”) to the Borrower in Dollars in a single advance on any Business Day during the Availability Period in an aggregate initial outstanding principal amount not to exceed such L▇▇▇▇▇▇’s Commitment. Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein; provided, that, to the extent the Initial Funding Date occurs on the Closing Date or any of the three (3) Business Days immediately following the Closing Date, the Term Loans shall be made as Base Rate Loans unless the Borrower delivers a funding indemnity letter, in form and substance reasonably satisfactory to the Administrative Agent, not less than three (3) Business Days prior to the Initial Funding Date. Amounts repaid or prepaid in respect of Term Loans may not be reborrowed.