The Term A Borrowing. Subject to the terms and conditions set forth herein, each Term A Lender severally agrees to make a single loan to the Borrower on the Closing Date in an amount not to exceed such Term A Lender’s Term A Commitment. Each Term A Borrowing shall consist of Term Loans A made simultaneously by the Term A Lenders in accordance with their respective Applicable Percentage of the Term A Facility. Amounts borrowed under this Section 2.01(a)(i) and repaid or prepaid may not be reborrowed. Term Loans A may be Base Rate Loans or LIBOR Rate Loans, as further provided herein.
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Sources: Credit Agreement (Cambium Learning Group, Inc.), Credit Agreement (Cambium Learning Group, Inc.)
The Term A Borrowing. Subject to the terms and conditions set forth herein, each Term A Lender severally agrees to make a single loan to the Borrower on the Closing Date in an amount not to exceed such Term A Lender’s Term A CommitmentCommitment then in effect. Each The Term A Borrowing shall consist of Term A Loans A made simultaneously by the Term A Lenders in accordance with their respective Applicable Percentage of the Term A Facility. Amounts borrowed under this Section 2.01(a)(i2.01(a) and repaid or prepaid may not be reborrowed. Term A Loans A may be Base Rate Loans or LIBOR Rate SOFR Loans, as further provided herein.
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