The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make up to three (3) loans in Dollars to the Borrower from time to time, on any Business Day during the Availability Period for the Term Facility, in an aggregate amount not to exceed such Term Lender’s Term Commitment. Each Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Hunt J B Transport Services Inc), Credit Agreement (Hunt J B Transport Services Inc)
The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make up to three (3) loans in Dollars a single loan to the Borrower from time to time, on any Business Day during the Availability Period for the Term Facility, in an aggregate amount not to exceed such Term Lender’s Term CommitmentCommitment Percentage of the Term Facility. Each The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility. Amounts borrowed under this Section 2.01(a2.01(b) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Term SOFR Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Helix Energy Solutions Group Inc)
The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make up to three (3) loans in Dollars a single loan to the Borrower from time to timeBorrower, on any Business Day during the Availability Period for in respect of the Term Facility, in an aggregate amount not to exceed such Term Lender’s Applicable Percentage of the Term CommitmentFacility. Each The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Term SOFR Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make up to three (3) loans in Dollars a single loan to the Borrower from time to time, in Dollars on any Business Day during the Availability Period for date set forth in the Term Facility, applicable Increase Joinder in an aggregate amount not to exceed such Term Lender’s Term Commitment. Each Such Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term FacilityFacility as set forth in the Increase Joinder. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Term SOFR Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (TUTOR PERINI Corp)