Examples of Term B Loan Commitments in a sentence
On the Closing Date (after giving effect to the funding of the Term B Loans to be made on such date), the Term B Loan Commitments of each Lender as of the Closing Date will terminate.
The full amount of the Initial Term B Loan Commitments must be drawn in a single drawing on the Effective Date.
The aggregate amount of all Term B Loans made will not exceed the aggregate Term B Loan Commitments of all Lenders.
The Term B Loan Commitments shall automatically terminate upon the making, conversion or continuance, as applicable, of the Term B Loans on the Closing Date.
The Term B Loans shall be advanced in a single Borrowing on the Closing Date and shall be made ratably by the Lenders in proportion to their respective Term B Loan Percentages, at which time the Term B Loan Commitments shall expire.