Common use of The Term Borrowing Clause in Contracts

The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to Borrower, on any Business Day during the Availability Period in respect of the Term Facility, in an amount not to exceed such Term Lender’s Applicable Percentage of the Term Facility. 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 Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Rexford Industrial Realty, Inc.)

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The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan Term Loan to the Administrative Borrower, in Dollars, on any Business Day during the Availability Period in respect of the Term Facility, Closing Date in an aggregate amount (for all such Term Loans) not to exceed such Term Lender’s Applicable Percentage of the Closing Date Term FacilityCommitment. The Term Borrowing on the Closing Date shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Closing Date Term FacilityCommitment. 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.

Appears in 1 contract

Samples: Credit Agreement (Alexion Pharmaceuticals Inc)

The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to the Borrower, on any Business Day during the Availability Period in respect of the Term Facility, in an amount not to exceed such Term Lender’s Applicable Percentage of the Term Facility. 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 Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Pebblebrook Hotel Trust)

The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan up to Borrowerthree (3) loans in Dollars to the Borrower from time to time, on any Business Day during the Availability Period in respect of for the Term Facility, in an aggregate amount not to exceed such Term Lender’s Applicable Percentage of the Term FacilityCommitment. The 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 Eurodollar Rate Term SOFR Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Hunt J B Transport Services Inc)

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The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to Borrower, the Borrower in Dollars on any Business Day during the Availability Period date set forth in respect of the Term Facility, applicable Increase Joinder in an amount not to exceed such Term Lender’s Applicable Percentage of the Term FacilityCommitment. The 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 Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (TUTOR PERINI Corp)

The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to Borrower, the Borrower on any Business Day during the Availability Period in respect of for the Term Facility, in an aggregate amount not to exceed such Term Lender’s Applicable Term Commitment Percentage of the Term Facility. 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 Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Assignment and Assumption (Helix Energy Solutions Group Inc)

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