Common use of The Initial Term Borrowing Clause in Contracts

The Initial Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender with an Initial Term Commitment severally agrees to make a single loan denominated in Dollars (the “Initial Term Loans”) to the Borrowers on the Closing Date in an amount not to exceed such Term Lender’s Initial Term Commitment. The Initial Term Borrowing shall consist of Initial Term Loans made simultaneously by the Term Lenders in accordance with their respective Initial Term Commitments. Amounts borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed (it being understood, however, that prepayments will be taken into account for purposes of any Prepayment-Based Incremental Facility to the extent provided by Section 2.14). The Initial Term Loans may be Base Rate Loans or Eurocurrency Rate Loans as further provided herein. Notwithstanding the Borrowers’ joint and several liability for all payments to be made under this Agreement, as of the Closing Date, each Borrower hereby agrees, solely as between such Persons that, including for federal or state income tax purposes, the initial principal amount of the outstanding Initial Term Borrowing of the Parent Borrower is $302,403,901.26, the initial principal amount of the outstanding Initial Term Borrowing of Vector is $119,069,918.06, the initial principal amount of the outstanding Initial Term Borrowing of Cygnus is $117,054,873.04 and the initial principal amount of the outstanding Initial Term Borrowing of TriLink is $61,471,307.64.

The Initial Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender with an Initial Term Commitment severally agrees to make a single loan denominated in Dollars (the “Initial Term Loans”) to the Borrowers on the Closing Date in an amount not to exceed such Term Lender’s Initial Term Commitment. The Initial Term Borrowing shall consist of Initial Term Loans made simultaneously by the Term Lenders in accordance with their respective Initial Term Commitments. Amounts borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed (it being understood, however, that prepayments will be taken into account for purposes of any Prepayment-Based Incremental Facility to the extent provided by Section 2.14)reborrowed. The Initial Term Loans may be Base Rate Loans or Eurocurrency Rate Loans as further provided herein. Notwithstanding the Borrowers’ joint and several liability for all payments to be made under this Agreement, as of the Closing Date, each Borrower hereby agrees, solely as between such Persons that, including for federal or state income tax purposes, the initial principal amount of the outstanding Initial Term Borrowing of the Parent Borrower is $302,403,901.2645,220,218.33, the initial principal amount of the outstanding Initial Term Borrowing of Vector is $119,069,918.0686,282,549.30, the initial principal amount of the outstanding Initial Term Borrowing of Cygnus is $117,054,873.04 84,822,371.77 and the initial principal amount of the outstanding Initial Term Borrowing of TriLink is $61,471,307.6433,674,860.60.