Common use of The Term Loan Commitments Clause in Contracts

The Term Loan Commitments. (a) Subject to and upon the terms and conditions set forth herein, each Lender with an A Term Loan Commitment severally agrees to make a term loan or term loans (each, an “A Term Loan” and, collectively, the “A Term Loans”) to the Borrower, which A Term Loans (i) shall be incurred pursuant to a single drawing on the Initial Borrowing Date, (ii) shall be denominated in Dollars, (iii) except as hereinafter provided, shall, at the option of the Borrower, be incurred and maintained as, and/or converted into, Base Rate Loans or LIBOR Loans, provided that, except as otherwise specifically provided in Section 2.10(b), all A Term Loans comprising the same Borrowing shall at all times be of the same Type, and (iv) shall be made by each such Lender in that aggregate principal amount which does not exceed the A Term Loan Commitment of such Lender on the Initial Borrowing Date. Once repaid, A Term Loans incurred hereunder may not be reborrowed.

The Term Loan Commitments. (a) Subject to and upon the terms and conditions set forth herein, each Initial Term Lender with an A Term Loan Commitment severally severally, and not jointly, agrees to make a term loan or term loans (each, an “A Initial Term Loan” and, collectively, the “A Initial Term Loans”) to the Borrower, which A Initial Term Loans (i) shall be incurred pursuant to a single drawing on the Initial Borrowing Closing Date, in an amount not to exceed such Initial Term Lender’s Initial Term Commitment. Each Initial Term Loan (iii) shall be denominated in U.S. Dollars, (iiiii) except as hereinafter provided, shall, at the option of the Borrower, be incurred and maintained as, and/or converted into, Base Rate Loans or LIBOR Loans, provided that, except as otherwise specifically provided in Section 2.10(b), all A Initial Term Loans comprising the same Borrowing shall at all times be of the same Type, and (ivii) shall be made by each such Lender in that aggregate principal amount which does not exceed the A Initial Term Loan Commitment of such Lender on the Initial Borrowing Datedate of incurrence thereof. Once repaid, A the Initial Term Loans incurred hereunder may not be reborrowed.