Common use of Term B Commitments Clause in Contracts

Term B Commitments. Subject to the terms and conditions hereof, each Term B Lender severally agrees to make a term loan (a “Term B Loan”) to the Borrower on the Closing Date in an amount equal to the amount of the Term B Commitment of such Lender. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12.

Term B Commitments. Subject Pursuant to the terms and conditions hereof, each Term B Lender ▇▇▇▇▇▇ severally agrees to make a term loan (a “Term B Loan”) to the Borrower on the Closing Date in an amount equal to the amount of the its Term B Commitment of such LenderCommitment. The Term Loans may from time to time be Eurodollar Term Benchmark Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12.