Common use of Initial Term Commitments Clause in Contracts

Initial Term Commitments. Subject to the terms and conditions set forth herein, (a) each Dollar Term Lender agrees to make a loan (an “Initial Dollar Term Loan”) to the Borrowers on the Effective Date denominated in Dollars in a principal amount not exceeding its Initial Dollar Term Commitment, it being agreed that $210,000,000 of such Initial Dollar Term Loan shall be borrowed by the Dutch Borrower and $150,000,000 of such Initial Dollar Term Loan shall be borrowed by the French Borrower and (b) each Euro Term Lender agrees to make a loan (an “Initial Euro Term Loan”) to the Borrowers on the Effective Date denominated in Euro in a principal amount not exceeding its Initial Euro Term Commitment, it being agreed that €45,000,000 of such Initial Euro Term Loan shall be borrowed by the Dutch Borrower and €30,000,000 of such Initial Euro Term Loan shall be borrowed by the French Borrower. Amounts repaid or prepaid in respect of Initial Term Loans may not be reborrowed.