Common use of Term Loan B Commitments Clause in Contracts

Term Loan B Commitments. The Total Term Loan B Commitment shall be permanently reduced immediately and without further action upon the making of each Term Loan B in an aggregate amount equal to the aggregate amount of such Term Loan B. Each Term Loan B Lender's Term Loan B Commitment shall be permanently reduced immediately and without further action upon the making of each 120535197v14 Term Loan B in an amount equal to the amount of such Term Loan B Lender's Pro Rata Share of such Term Loan B. The Total Term Loan B Commitment and each Term Loan B Lender's Term Loan B Commitment shall terminate immediately and without further action on the Term Loan B Commitment Termination Date.

Appears in 1 contract

Sources: Financing Agreement (SMTC Corp)

Term Loan B Commitments. The Total Term Loan B Commitment shall be permanently reduced immediately and without further action upon the making of each Term Loan B in an aggregate amount equal to the aggregate amount of such Term Loan B. Each Term Loan B Lender's Term Loan B Commitment shall be permanently reduced immediately and without further action upon the making of each 120535197v14 Term Loan B in an amount equal to the amount of such Term Loan B Lender's Pro Rata Share of such Term Loan B. The Total Term Loan B Commitment and each Term Loan B Lender's Term Loan B Commitment shall terminate immediately and without further action on the Term Loan B Commitment Termination Date.

Appears in 1 contract

Sources: Financing Agreement (SMTC Corp)