Examples of B Term Commitment in a sentence
Subject to the terms and conditions hereof, each Tranche B Term Lender severally agrees to make a term loan (a “Tranche B Term Loan”) to the Borrower on the Closing Date in an amount not to exceed the amount of the Tranche B Term Commitment of such Lender.
Subject to the terms and conditions of this Agreement, each Tranche B Term Lender hereby agrees, severally and not jointly, to make a Tranche B Term Loan to the Borrower on the Closing Date in a principal amount equal to such Lender’s Tranche B Term Commitment.
Once repaid, B Term Loans may not be reborrowed, provided that B Term Loans may be subsequently incurred to the extent of the B Term Commitments created pursuant to the B Term Commitment Renewal.
Once repaid, Initial B Term Loans may not be reborrowed, provided that Initial B Term Loans may be subsequently incurred to the extent of the Initial B Term Commitments created pursuant to the Initial B Term Commitment Renewal.".
The amount of any reduction of the Total B Term Commitment effected pursuant to this Section 2.02(b) and/or Section 2.03(b)(ii), (iii) and/or (iv) shall be applied to reduce pro rata the remaining Scheduled --- ---- Repayments of B Term Loans.