Common use of Incremental Term Commitments Clause in Contracts

Incremental Term Commitments. Each Lender having an Incremental Term Loan Commitment agrees to make, subject to the terms and conditions set forth herein and in the applicable Incremental Assumption Agreement, Incremental Term Loans to the Company, in an aggregate principal amount equal to such Lender’s Incremental Term Loan Commitment. Amounts borrowed pursuant to this Section 2.1(b) that are repaid or prepaid may not be reborrowed.

Appears in 2 contracts

Sources: Credit Agreement (Chrysler Group LLC), Credit Agreement (Chrysler Group LLC)