Common use of The Term Borrowing Clause in Contracts

The Term Borrowing. (i) Subject to the terms and conditions set forth herein, each Closing Date Term Lender severally agreed to make a Term Loan to the Borrower on the Closing Date (each such loan, a “Closing Date Term Loan”) in an amount not exceeding such Closing Date Term Lender’s Applicable Percentage of the Closing Date Term Facility comprised of the Closing Date Term Loans. The Term Borrowing on the Closing Date consisted of Closing Date Term Loans made simultaneously by the Closing Date Term Lenders in accordance with their respective Applicable Percentage of the Closing Date Term Facility. (ii) Subject to the terms and conditions set forth in the Amendment No. 1, each Term A-1 Loan Lender severally agreed to make an additional single term loan to the Borrower on the Amendment No. 1 Effective Date (each such loan, a “Term A-1 Loan”) in an amount not to exceed such Term A-1 Loan Lender’s Term A-1 Loan Commitment as of the Amendment No. 1

Appears in 3 contracts

Sources: Credit Agreement (Bojangles', Inc.), Amendment No. 4 (Bojangles', Inc.), Amendment No. 4 (Bojangles', Inc.)

The Term Borrowing. (i) Subject to the terms and conditions set forth herein, each Closing Date Term Lender severally agreed to make a Term Loan to the Borrower on the Closing Date (each such loan, a “Closing Date Term Loan”) in an amount not exceeding such Closing Date Term Lender’s Applicable Percentage of the Closing Date Term Facility comprised of the Closing Date Term Loans. The Term Borrowing on the Closing Date consisted of Closing Date Term Loans made simultaneously by the Closing Date Term Lenders in accordance with their respective Applicable Percentage of the Closing Date Term Facility. (ii) Subject to the terms and conditions set forth in the Amendment No. 1, each Additional Term A-1 Loan Lender severally agreed agreesagreed to make an additional single term loan to the Borrower on the Amendment No. 1 Effective Date (each such loan, a ▇▇▇ Additional Term A-1 Loan”) in an amount not to exceed such Additional Term A-1 Loan Lender’s Additional Term A-1 Loan Commitment as of the Amendment No. 1

Appears in 2 contracts

Sources: Credit Agreement (Bojangles', Inc.), Credit Agreement (Bojangles', Inc.)

The Term Borrowing. (i) Subject to the terms and conditions set forth herein, each Closing Date Term Lender severally agreed to make a Term Loan to the Borrower on the Closing Date (each such loan, a “Closing Date Term Loan”) in an amount not exceeding such Closing Date Term Lender’s Applicable Percentage of the Closing Date Term Facility comprised of the Closing Date Term Loans. The Term Borrowing on the Closing Date consisted of Closing Date Term Loans made simultaneously by the Closing Date Term Lenders in accordance with their respective Applicable Percentage of the Closing Date Term Facility. (ii) Subject to the terms and conditions set forth in the Amendment No. 1, each Additional Term A-1 Loan Lender severally agreed agrees to make an a Term Loanan additional single term loan to the Borrower on the Amendment Closing DateAmendment No. 1 Effective Date (each such loan, a an Additional Term A-1 Loan”) in an amount not to exceed such Additional Term A-1 Loan Lender’s Additional Term A-1 Loan Commitment as Percentageas of the Amendment Term FacilityAmendment No. 1

Appears in 2 contracts

Sources: Credit Agreement (Bojangles', Inc.), Credit Agreement (Bojangles', Inc.)