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Common use of Term Loan B Clause in Contracts

Term Loan B. (i) Subject to the terms and conditions hereof, each Term Lender agrees to make a term loan on the Term Loan B Funding Date to Borrower (the "Term Loan B") in the original principal amount of its Term Loan B Commitment. The obligations of each Term Lender hereunder shall be several and not joint. Each Term Loan B shall be evidenced by promissory notes substantially in the form of Exhibit 1.1

Appears in 2 contracts

Samples: Credit Agreement (Code Alarm Inc), Credit Agreement (Code Alarm Inc)

Term Loan B. (i) Subject to the terms and conditions hereof, each Term B Lender agrees to make a term loan on the Term Loan B Funding Closing Date to Borrower (the "Term Loan B") Borrowers in the original principal amount of its Term Loan B CommitmentCommitment (the "Term Loan B"). The obligations of each Term B Lender hereunder shall be several and not joint. Each Term Loan B shall be evidenced by promissory notes substantially in the form of Exhibit 1.1

Appears in 1 contract

Samples: Inertial Products Purchase Agreement (Wpi Group Inc)

Term Loan B. (i) Subject to the terms and conditions hereof, each Term Loan B Lender agrees shall be deemed to make have made a term loan on the Term Loan B Funding Date to Borrower (the a "Term Loan B") to the Borrower on the Closing Date in an amount equal to the original amount of the Term Loan B Commitment of such Lender (excluding any amounts arising under Section 3.2 of this Agreement); provided, that on the Closing Date the aggregate principal amount of its Term Loan B Commitment. The obligations of each Term Lender hereunder shall be several and not joint. Each the Term Loan B shall be evidenced by promissory notes substantially in the form of Exhibit 1.1equal $10,000,000.

Appears in 1 contract

Samples: Loan and Facilities Agreement (Bh Re LLC)

Term Loan B. (i1) Subject to the terms and conditions hereof, each Term Loan B Lender agrees to make a term loan on the Term Loan B Funding Date to Borrower (collectively, the "Term Loan B") in to Borrowers on the original principal amount of its Term Loan B CommitmentClosing Date. The obligations of each Term Loan B Lender hereunder shall be several and not joint. Each such Term Loan B shall be evidenced by a promissory notes note substantially in the form of Exhibit 1.1

Appears in 1 contract

Samples: Credit Agreement (Allied Holdings Inc)