Common use of The Initial Term Borrowing Clause in Contracts

The Initial Term Borrowing. Subject to the terms and conditions set forth herein, on the Initial Closing Date each Term Lender severally agrees to make a single loan (each such loan, an “Initial Term Loan”) to Initial Borrower in Dollars pursuant to the Initial Term Facility in an amount equal to its Initial Term Loan Commitment; provided that the aggregate amount of the Initial Term Borrowing under the Initial Term Facility on the Initial Closing Date shall not exceed $95,000,000. The Initial Term Borrowing shall consist of Initial Term Loans made simultaneously by the Initial Term Lenders in accordance with their respective Applicable Percentages of the Initial Term Facility.

The Initial Term Borrowing. Subject to the terms and conditions set forth herein, on the Initial Closing Date each Term Lender severally agrees to make a single loan (each such loan, an “Initial Term Loan”) to Initial Borrower in Dollars pursuant to the Initial Term Facility in an amount equal to its Initial Term Loan Commitment; provided that the aggregate amount of the Initial Term Borrowing under the Initial Term Facility on the Initial Closing Date shall not exceed $95,000,000245,000,000. The Initial Term Borrowing shall consist of Initial Term Loans made simultaneously by the Initial Term Lenders in accordance with their respective Applicable Percentages of the Initial Term Facility.