the Termination Date. If the Borrower fails to pay (either from the proceeds of a Borrowing or otherwise) any Commitment Fee when due, such Commitment Fee shall immediately constitute, without necessity of further act or evidence, a Revolving Credit Loan to the Borrower. All Revolving Credit Loans made pursuant to this Section 2.4 shall be made as Base Rate Loans.
Appears in 2 contracts
Sources: Credit Agreement (Wheeling Pittsburgh Corp /De/), Credit Agreement (WHX Corp)
the Termination Date. If the Borrower fails Borrowers fail to pay (either from the proceeds of a Borrowing or otherwise) any Commitment Fee when due, such Commitment Fee shall immediately constitute, without necessity of further act or evidence, a Revolving Credit Loan to the BorrowerBorrowers. All Revolving Credit Loans made pursuant to this Section 2.4 2.3 shall be made as Base Rate Loans.
Appears in 1 contract
Sources: Debt Agreement (WHX Corp)