Example ContractsClausesadditional term loansVariants
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Existing Term Loans. Borrower acknowledges and agrees that certain of the Original Lenders made term loans to Borrower from time to time under the Original Credit Agreement (the “Existing Term Loans”), and, as of the Closing Date, immediately before giving effect to this Agreement, the outstanding principal balance of the Existing Term Loans is $34,000,000. Each of Borrower, Administrative Agent and each Lender acknowledges and agrees that the Existing Term Loans # remain outstanding hereunder, # constitute “Term Loans” for all purposes under this Agreement and the other Loan Documents and # as of the Closing Date, constitute a single Term SOFR Portion with an Interest Period of one month, the first day of which is the Closing Date.

Existing TermRevolving Loans. Borrower acknowledges and agrees that certain of the Original Lenders made termrevolving loans to Borrower from time to time under the Original Credit Agreement (the “Existing TermRevolving Loans”), and,and as of the Closing Date, immediately before giving effect to this Agreement, the outstanding principal balance of the Existing TermRevolving Loans is $34,$22,000,000. Each of Borrower, Administrative Agent and each Lender acknowledges and agrees that the Existing TermRevolving Loans # remain outstanding hereunder, # constitute Term“Revolving Credit Loans” for all purposes under this Agreement and the other Loan Documents and # as of the Closing Date, constitute a single Term SOFR Portion with an Interest Period of one month, the first day of which is the Closing Date.

Existing Term Loans.The Borrower acknowledges and agrees that certain of the OriginalTerm Loan Lenders made term loans to the Borrower from time to time underin the Original Credit Agreementoriginal principal amount of $30,000,000.00 (the “Existing“Initial Term Loans”), and, on the Closing Date, and each Term Loan Lender’s Initial Term Loan Commitment was concurrently reduced to $0. Each Term Loan Lender and the Borrower further acknowledges and agrees that, as of the ClosingSecond Amendment Effective Date, immediately before giving effect to this Agreement, the outstanding principal balance of the ExistingInitial Term Loans is $34,000,000. Each of Borrower, Administrative Agent and each Lender acknowledges and agrees thathave been paid in full by the Existing Term Loans # remain outstanding hereunder, # constitute “Term Loans” for all purposes under this Agreement and the other Loan Documents and # as of the Closing Date, constitute a single Term SOFR Portion with an Interest Period of one month, the first day of which is the Closing Date. Borrower.

Existing Term Loans.The Borrower acknowledges and agrees that certain of the OriginalTerm Loan Lenders made term loans to the Borrower from time to time underin the Original Credit Agreementoriginal principal amount of $30,000,000.00 (the “Existing“Initial Term Loans”), and, as of on the Closing Date, immediately before giving effect to this Agreement, the outstanding principal balance of the Existing Term Loans is $34,000,000. Each of Borrower, Administrative Agent and each Lender acknowledges and agrees that the Existing Term Loans # remain outstanding hereunder, # constitute “Term Loans” for all purposes under this AgreementLoan Lender’s Initial Term Loan Commitment was concurrently reduced to $0. Each Term Loan Lender and the other Loan Documents and # as of the Closing Date, constitute a single Term SOFR Portion with an Interest Period of one month, the first day of which is the Closing Date.

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