Common use of No Readvance of Term Loans Clause in Contracts

No Readvance of Term Loans. Any repayment or prepayment of all or any portion of the principal amount of the Term Loans shall constitute a permanent reduction in the Term Loan Outstandings and may not be readvanced to the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Williams Scotsman International Inc), Credit Agreement (Williams Scotsman Inc), Credit Agreement (Williams Scotsman Inc)

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No Readvance of Term Loans. Any repayment or prepayment of -------------------------- all or any portion of the principal amount of the Term Loans shall constitute a permanent reduction in the Term Loan Outstandings and may not be readvanced to the any Term Loan Borrower.

Appears in 1 contract

Samples: Credit Agreement (Rental Service Corp)

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