Common use of Term B Loan Commitment Clause in Contracts

Term B Loan Commitment. In a single Borrowing on any Business Day occurring from and after the Effective Date but prior to the Term B Loan Commitment Termination Date, each Lender that has a Term B Loan Commitment will make loans (relative to such Lender, its "Term B Loans") to the Borrower equal to such Lender's Term B Percentage of the aggregate amount of the Borrowing of Term B Loans requested by the Borrower to be made on such day (with the commitment of each such Lender described in this clause herein referred to as its "Term B Loan Commitment"). No amounts paid or prepaid with respect to Term B Loans may be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Stillwater Mining Co /De/)

Term B Loan Commitment. In a single Borrowing on any Business Day occurring from and after the Effective Date but on or prior to the Term B Loan Commitment Termination Date, each Lender that has a Term B Loan Commitment agrees that it will make loans (relative to such Lender, its "Term B Loans") to the Borrower equal to such Lender's Term B Percentage of the aggregate amount of the Borrowing of Term B Loans requested by the Borrower to be made on such day (with the commitment of each such Lender described in this clause herein referred to as its "Term B Loan Commitment")day. No amounts paid or prepaid with respect to Term B Loans may be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Stericycle Inc)