Common use of Term Loan B Commitment Clause in Contracts

Term Loan B Commitment. Each Lender agrees to make a loan to the Borrowers (each such loan, a "Term Loan B"), on the terms and conditions herein set forth, on the Krane Earnout Payment Date in such Lender's Pro Rata Share ▇▇ $▇,000,000 (the "Term Loan B Maximum Amount"). The commitments of the Lenders to make Term Loans B shall expire concurrently on the earlier to occur of (i) the making or disbursement of the Term Loans B in accordance with the terms hereof and (ii) May 31, 2001. Term Loans B that are subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Thane International Inc)

Term Loan B Commitment. Each Lender agrees to make a loan to the Borrowers (each such loan, a "Term Loan B"), on the terms and conditions herein set forth, on the Krane Earnout Payment Date in such Lender's Pro Rata Share Shar▇ ▇▇ $▇,000,000 2,000,000 (the "Term Loan B Maximum Amount"). The commitments of the Lenders to make Term Loans B shall expire concurrently on the earlier to occur of (i) the making or disbursement of the Term Loans B in accordance with the terms hereof and (ii) May 31, 2001. Term Loans B that are subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Thane International Inc)