Common use of Type of Term Advances Clause in Contracts

Type of Term Advances. Each Term Borrowing shall consist of EURIBOR Advances made on the same day by the Term Lenders ratably according to their respective Term Commitments. Any Borrower may borrow under this Section 2.2, prepay pursuant to Section 2.14 or repay pursuant to Section 2.4. Term Advances may not be reborrowed.

Appears in 2 contracts

Samples: Credit Agreement (Altria Group Inc), Credit Agreement (Philip Morris International Inc.)

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Type of Term Advances. Each Term Borrowing shall consist of EURIBOR Advances made on the same day by the Term Lenders ratably according to their respective Term Commitments. Any Borrower may borrow under this Section 2.22.3, prepay pursuant to Section 2.14 2.15 or repay pursuant to Section 2.42.5. Term Advances may not be reborrowed.

Appears in 2 contracts

Samples: Credit Agreement (Philip Morris International Inc.), Credit Agreement (Altria Group, Inc.)

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