The Term A Borrowing. Subject to the terms and conditions set forth herein, each Term A Lender severally agrees to make (i) a single loan in Dollars to the Company in the nature of a Term A Facility Initial Advance on the Closing Date in an amount not to exceed such Term A Lender’s Applicable Percentage of the Term A Facility Initial Advance and (ii) a second loan in Dollars to the Company in the nature of a Term A Facility Subsequent Advance on any Business Day during the Availability Period for the Term A Facility, in an aggregate amount not to exceed such Term A Lender’s Applicable Percentage of the Term A Facility Subsequent Advance; provided that (w) in no event shall there be more than two Term A Borrowings, (x) the aggregate amount of Term A Loans made by a Term A Lender shall not exceed such Term A Lender’s Term A Commitment, (y) the aggregate amount of Term A Loans made pursuant to the Term A Borrowings shall not exceed the aggregate amount of the Term A Facility then in effect and (z) the aggregate amount of the Term A Facility Subsequent Advance shall not exceed the face amount of the Existing Target Notes being repurchased or redeemed on the date of such Term A Borrowing pursuant to the exercise of a Target Note Put Right plus, the principal amount of Term B Loans being prepaid with the proceeds thereof. Each Term A Borrowing shall consist of Term A Loans 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) and repaid or prepaid may not be reborrowed. The Term A Loans made pursuant to the Term A Borrowings under this Section 2.01(a) shall constitute a single Term A Facility. Term A Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. For the avoidance of doubt, the parties hereto acknowledge and agree that as of the Amendment No. 3 Effective Date, the Term A Facility has been fully drawn, the Availability Period with respect to the Term A Facility has expired, and the Term A Commitments have been terminated.
Appears in 1 contract
Sources: Credit Agreement (Aecom)
The Term A Borrowing. Subject to the terms and conditions set forth hereinherein and in the(a) Restatement Agreement, (i) each Additional Term A Lender severally agrees to make (i) a single loan in Dollars Term A Loan to the Company in the nature of a Term A Facility Initial Advance on the Closing Date in an Dollars in a principal amount not to exceed such its Additional Term A Lender’s Applicable Percentage of the Term A Facility Initial Advance and Commitment, (ii) a second loan in Dollars each Converting Consenting Term A-3 Lender agrees to have all of its outstanding Existing Term A Loans (or such lesser amount as notified and allocated to such Converting Consenting Term A-3 Lender by the Administrative Agent, as determined by the Company and the Administrative Agent in the nature of a Term A Facility Subsequent Advance on any Business Day during the Availability Period for the Term A Facility, in their sole discretion) converted to an aggregate amount not to exceed such Term A Lender’s Applicable Percentage of the Term A Facility Subsequent Advance; provided that (w) in no event shall there be more than two Term A Borrowings, (x) the aggregate equivalent principal amount of Term A Loans made by a effective as of the Closing Date and (iii) each Non-Converting Consenting Term A A-3 Lender shall not exceed such Term A Lender’s Term A Commitment, (y) the aggregate amount agrees to have all of its outstanding Existing Term A Loans made pursuant to prepaid and will purchase by assignment from the Additional Term A Borrowings shall not exceed the aggregate amount of the Lenders Term A Facility then Loans in effect and (z) the aggregate a principal amount of the Term A Facility Subsequent Advance shall not exceed the face amount of the Existing Target Notes being repurchased or redeemed on the date of such Term A Borrowing pursuant equal to the exercise of a Target Note Put Right plus, the principal amount of Term B Loans being prepaid with the proceeds thereof. Each Term A Borrowing shall consist of such Existing Term A Loans made simultaneously (or such lesser amount as notified and allocated to such Non-Converting Consenting Term A-3 Lender by the Term A Lenders Administrative Agent, as determined by the Company and the Administrative Agent in accordance with their respective Applicable Percentage of the Term A Facilitysole discretion). Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. The Term A Loans made pursuant to the Term A Borrowings under this Section 2.01(a) shall constitute a single Term A Facility. Term A Loans may be Base Rate Loans or Eurocurrency Rate RateTerm SOFR Loans, as further provided herein. For The Term B Borrowing. Subject to the avoidance terms and conditions set forth herein and in the(b) Restatement Agreement, each Term B Lender agrees to make a Term B Loan to the Company on the Closing Date in Dollars in a principal amount not to exceed its Term B Commitment. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurocurrency RateTerm SOFR Loans, as further provided herein. The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein,(c) each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”) to the Borrowers in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of doubtsuch ▇▇▇▇▇▇’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the parties hereto acknowledge and agree that as Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, (ii) the aggregate Outstanding Amount of the Amendment No. 3 Effective Date, the Term A Facility has been fully drawn, the Availability Period with respect to the Term A Facility has expired, and the Term A Commitments have been terminated.Revolving Credit - 66-
Appears in 1 contract
Sources: Credit Agreement (WEX Inc.)
The Term A Borrowing. Subject to the terms and conditions set forth herein, each Term A Lender severally agrees to make (i) a single loan in Dollars to the Company in the nature of a Term A Facility Initial Advance on the Closing Date in an amount not to exceed such Term A Lender’s Applicable Percentage of the Term A Facility Initial Advance and (ii) a second loan in Dollars to the Company in the nature of a Term A Facility Subsequent Advance on any Business Day during the Availability Period for the Term A Facility, in an aggregate amount not to exceed such Term A Lender’s Applicable Percentage of the Term A Facility Subsequent Advance; provided that (w) in no event shall there be more than two Term A Borrowings, (x) the aggregate amount of Term A Loans made by a Term A Lender shall not exceed such Term A Lender’s Term A Commitment, (y) the aggregate amount of Term A Loans made pursuant to the Term A Borrowings shall not exceed the aggregate amount of the Term A Facility then in effect and (z) the aggregate amount of the Term A Facility Subsequent Advance shall not exceed the face amount of the Existing Target Notes being repurchased or redeemed on the date of such Term A Borrowing pursuant to the exercise of a Target Note Put Right plus, the principal amount of Term B Loans being prepaid with the proceeds thereof. Each Term A Borrowing shall consist of Term A Loans 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) and repaid or prepaid may not be reborrowed. The Term A Loans made pursuant to the Term A Borrowings under this Section 2.01(a) shall constitute a single Term A Facility. Term A Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. For the avoidance of doubt, the parties hereto acknowledge and agree that as of the Amendment No. 3 Effective Date, the Term A Facility has been fully drawn, the Availability Period with respect to the Term A Facility has expired, and the Term A Commitments have been terminated.
Appears in 1 contract