Common use of Term B Loan Clause in Contracts

Term B Loan. Each Lender, severally and not jointly, agrees to lend to Xxxxxxxx, on the Closing Date, its Pro Rata Share of the Term B Loan Commitment, provided all conditions precedent set forth in Subsections 7.1 and 7.2 are satisfied or waived. Amounts borrowed under this Subsection 1.1(B) that are repaid or prepaid may not be reborrowed.

Term B Loan. Each Lender, severally and not jointly, agrees to lend to XxxxxxxxBorrower, on the Closing Date, its Pro Rata Share of the Term B Loan Commitment, provided all conditions precedent set forth in Subsections 7.1 and 7.2 are satisfied or waived. Amounts borrowed under this Subsection 1.1(B) that are repaid or prepaid may not be reborrowed.