Common use of Term B Commitments Clause in Contracts

Term B Commitments. Pursuant to the terms and conditions hereof, each Term B ▇▇▇▇▇▇ severally agrees to make a term loan (a “Term B Loan”) to the Borrower on the Closing Date in an amount equal to the amount of its Term B Commitment. The Term Loans may from time to time be Term Benchmark Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12.

Term B Commitments. Pursuant Subject to the terms and conditions hereof, each Term B ▇▇▇▇▇▇ Lender severally agrees to make a term loan (a “Term B Loan”) to the Borrower on the Closing Date in an amount equal to the amount of its the Term B CommitmentCommitment of such Lender. The Term Loans may from time to time be Term Benchmark Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12.