The Borrowings. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans in Dollars (each such loan, a “Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time the outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations and Swingline Obligations shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1, prepay under Section 2.4, and reborrow under this Section 2.1. Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
The Borrowings. (a) Subject to the terms and conditions of this Agreement, the Borrowers agree that (x) they will request loans (the “Loans”) in such amounts, and the Intercompany Lender agrees to make Loans in such amounts, as shall be necessary to ensure compliance with the Borrowing Base and other requirements under the Credit Agreement, including without limitation, those requirements set out in Section 2.03(b) of the Credit Agreement and (y) they shall from time to time pledge Loan Receivables to the Intercompany Lender pursuant to the Intercompany Security Documents such that after applying the percentage discounts in the definition of Borrowing Base in the Credit Agreement to the Loan Receivables so pledged, the Borrowing Base is not less than the outstanding principal amount of the Loans (as defined in the Credit Agreement). Form of Intercompany Note
The Borrowings. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make to the Borrower on the Closing Date loans denominated in Dollars in an aggregate amount not to exceed 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 reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. The Initial Term Commitments will terminate at 5:00 p.m., New York City Time, on the Closing Date, if the Initial Term Loans have not been made prior to such time.
The Borrowings. Subject to the terms and conditions set forth herein, each Second Lien Lender severally agrees to make a loan on the Closing Date to the Borrower (each, a “Second Lien Loan” and, collectively, the “Second Lien Loans”) in an amount denominated in Dollars equal to such Second Lien Lender’s Second Lien Commitment. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
The Borrowings. The obligation of any Lender to make a Loan on the Closing Date, is subject to the satisfaction of the following conditions:
The Borrowings. (a) Subject to Section 2.12, each Borrowing shall be comprised entirely of Base Rate Loans or Eurodollar Rate Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Eurodollar Rate Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Term Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Eurodollar Rate Loan in accordance with the terms of this Agreement.
The Borrowings. (i) On the Closing Date, pursuant to the Restatement Agreement (whether by way of exchange of existing extensions of credit under the Existing Credit Agreement or by way of new extensions of credit) each Term Lender severally agrees to make Term B Loans available to the Borrower on the Closing Date in accordance with the Commitment of such Term Lender. No costs shall be payable under Section 3.05 in connection with transactions consummated under this Section 2.01(a)(i).
The Borrowings. Subject to the terms and conditions set forth herein, each Term Lender with an Initial Term Commitment shall receive term loans issued hereunder (each such term loan, an “Initial Term Loan” and, collectively, the “Initial Term Loans”) as consideration for the sale and assignment of its Existing Term Loans through the purchase and assumption by the Borrower pursuant to and in accordance with the Exchange Agreement. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. Initial Term Loans may be Base Rate Loans, SOFR Rate Loans or, solely to the extent applicable following a Benchmark Replacement or otherwise pursuant to Section 3.03, RFR Loans, as further provided herein.
The Borrowings. Each New Money Lender severally agrees, on the terms and conditions hereinafter set forth, to make two advances to the Borrower as follows: (a) the initial such Advance shall be made on the New Money Closing (which shall occur on any Business Day during the period from the date hereof until the Termination Date); provided that the aggregate amount of all such Advances by the New Money Lenders shall not exceed $420,000,000 and (b) the second such Advance shall be made on any Business Day during the period from the day next succeeding the New Money Closing up to and including July 31, 2003; provided that the aggregate amount of all such Advances by the New Money Lenders shall not exceed $50,000,000. Each Borrowing shall consist of Advances made simultaneously by the New Money Lenders ratably according to their respective New Money Commitments and, subject to Section 2.04, the initial Borrowing shall consist of Base Rate Advances. If the initial Borrowing does not occur on or prior to the Termination Date, all obligations of the New Money Lenders herein to make Advances shall immediately and permanently terminate in accordance with Section 2.05(a).
The Borrowings. (a) [Reserved].