The Tranche B Loans Sample Clauses

The Tranche B Loans. (a) Subject to the terms and conditions set forth herein, each Tranche B Lender severally (and not jointly) agrees to make a single loan to the Borrower on the Effective Date in Dollars in an amount not to exceed such Lender’s Tranche B Commitment. Amounts borrowed in respect of the Tranche B Loans and repaid or prepaid may not be reborrowed. The Tranche B Loans shall be subject to the provisions, including any provisions regarding the obligations of the Loan Parties in respect thereof and any provisions regarding the rights of the Tranche B Lenders, under this Agreement and the other Loan Documents. Interest will begin accruing on the Tranche B Loans on the Effective Date. Upon the making of any Tranche B Loans by a Tranche B Lender, such Tranche B Lender’s Tranche B Commitment shall be permanently reduced to zero.
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The Tranche B Loans. Subject to the terms and conditions set forth herein, each Tranche B Lender severally agrees to make a term loan in Dollars (its “Tranche B Loan”) to the Borrower on any one Business Day (the “Tranche B Borrowing Date”) during the Tranche B Commitment Period in an aggregate principal amount outstanding not to exceed the Tranche B Commitment of such Tranche B Lender and, as to all Tranche B Lenders, in an aggregate principal amount not to exceed US$30,000,000. The Tranche B Loans may not have at any time more than three distinct Interest Periods. Any amounts not borrowed on the Tranche B Borrowing Date with respect to the Tranche B Loans may not be borrowed thereafter and any available amounts not requested to be borrowed under the Tranche B Loans prior to the termination of the Tranche B Commitment Period shall result in the pro rata irrevocable termination of an equivalent amount of the Tranche B Commitments on the earlier of (i) the date on which the Administrative Agent receives the Notice of Borrowing/Continuation with respect to the Tranche B Loans or (ii) the termination of the Tranche B Commitment Period.
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The Tranche B Loans. The Lenders listed on Schedule 1 as having agreed to make Tranche B Loans shall, severally and in accordance with their respective Tranche B Commitment Ratios and not jointly, upon the terms and subject to the conditions of this Agreement, lend to the Borrower on the Agreement Date, an amount equal to the Tranche B Commitment. After the Agreement Date, Advances under the Tranche B Commitment may be continued or converted pursuant to a Notice of Conversion/Continuation as provided in Section 2.2 hereof; provided, however, there shall be no increase in the aggregate principal amount of the Tranche B Loans outstanding at any time after the Agreement Date. Amounts repaid under the Tranche B Commitment may not be reborrowed.
Sample 1
The Tranche B Loans. On the terms and subject to the conditions contained in this Agreement, each Bank severally agrees to make a Tranche B Loan to the Borrower on the Initial Funding Date in an amount not to exceed the amount set forth opposite such Bank's name on Schedule I as its "Tranche B Loan Commitment" (as adjusted from time to time by reason of assignments in accordance with the provisions of Section 13.7 as such amount may be reduced pursuant to Section 3.3, such Bank's "Tranche B Loan Commitment").
Sample 1
The Tranche B Loans. (a) Subject to the terms and conditions of this Agreement, including satisfaction of the conditions set forth in Section 3.1, on the Closing Date, each Lender, to severally and not jointly, agrees to advance the Initial Tranche B Advance on a pro rata basis in accordance with its Tranche B Loan Commitment. On the Closing Date, the Borrower shall execute and deliver to each Lender a Tranche B Note to evidence the Tranche B Loan made by such Lender to the Borrower hereunder.
Sample 1
The Tranche B Loans. Each Tranche B Bank severally and not jointly agrees, on the terms and conditions hereinafter set forth, to make Tranche B Loans from time to time on any Business Day during the period from the date hereof until the Termination Date, in an aggregate amount (converted, if such Loan is made in a currency other than Dollars, to the Dollar Equivalent thereof) not to exceed at any time outstanding the Dollar amount of (i) such Bank's Tranche B Pro Rata Share of the Tranche B Commitment and (ii) in the case of Singapore Loans, such Tranche B Bank's Singapore Sub-Commitment. Tranche B Loans shall be made by each Tranche B Bank through the Tranche B Lending Office of such Tranche B Bank which is located in the Applicable Asian Country where the proceeds of such Tranche B Borrowing are to be made available (each an "Applicable Tranche B Lending Office"). The designation and use of any Applicable Tranche B Lending Office hereunder shall not affect the rights and obligations of any Bank under this Agreement. Each Tranche B Borrowing shall consist of Tranche B Loans comprised of Eurocurrency Rate Loans denominated in a single Available Asian Currency, in an aggregate amount equal to an integral multiple of 100,000 units in such Available Asian Currency and (converted to the Dollar Equivalent thereof) equal to or greater than $5,000,000, and shall be made on the same day to the same Asian Borrower by each Tranche B Bank (through its Applicable Tranche B Lending Office), ratably in accordance with their respective Applicable Tranche B Pro Rata Shares; provided, that in the case of any such Tranche B Borrowing, the proceeds of which shall be used to repay a then maturing Tranche B Borrowing denominated in the same Available Asian Currency, such new Tranche B Borrowing may, subject to the terms and conditions otherwise set forth herein, be in an aggregate principal amount equal to the aggregate principal amount of such maturing Tranche B Borrowing. Within the limits of the Tranche B Commitment (and the Singapore Sub-Commitment) and subject to the terms of this Agreement, the Asian Borrowers may borrow, prepay pursuant to Section 3.06 and reborrow under this Section 3.01. For the purposes of determining compliance with this Section 3.01, the Dollar Equivalent of all non-Dollar denominated Tranche B Loans outstanding at any time shall be determined, in accordance with Section 3.02, by the Tranche B Agent immediately prior to the issuance by the Company (on behalf of itself ...
Sample 1

Related to The Tranche B Loans

  • Tranche B Loans Subject to the terms and conditions of this Agreement (including, without limitation, Section 2.13(a) and Article 6), each Tranche B Lender severally agrees to make one or more loans to the Borrower from time to time from and including the New Advance Date to but excluding the Tranche B Commitment Termination Date up to but not exceeding the amount of such Tranche B Lender's Tranche B Commitment as then in effect; provided, however, that the aggregate outstanding principal amount of the Tranche B Loans and the aggregate outstanding principal amount of the Tranche C Loans used to pay Permitted Third-Party Expenses shall not at any time exceed the Permitted Third-Party Expenses Borrowing Base. Notwithstanding anything to the contrary contained in this Agreement, the Borrower, the Administrative Agent and the Lenders agree that, as of the Closing Date, the aggregate outstanding principal amount of the Original Tranche B Loans is $1,040,430.75, which amount shall be deemed outstanding as Tranche B Loans hereunder. (Such loans referred to in this Section 2.1(b) now or hereafter made or deemed made by the Tranche B Lenders to the Borrower, including, without limitation, such loans which remain outstanding after the Tranche B Commitment Termination Date, are hereinafter collectively called the "Tranche B Loans".) The Borrower may not reborrow the Tranche B Loans which have been repaid. The parties hereto hereby agree that, as of the Closing Date, the aggregate outstanding principal amount of the Tranche B Loans is $1,040,430.75.

  • Tranche A Loans Unless otherwise agreed to by the Administrative Agent in connection with making the initial Loans, to request a Borrowing of Tranche A Loans, the Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of the proposed Borrowing and (b) in the case of an ABR Borrowing, not later than 12:00 p.m., New York City time, on the date of the proposed Borrowing; provided, that any such notice of an ABR Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.03(e) may be given not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery, courier or telecopy to the Administrative Agent of a written Borrowing Request in a form reasonably acceptable to the Administrative Agent and signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.01(a):

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

  • Repayment of Revolving Credit Loans The Borrower shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date.

  • Prepayments of Revolving Credit Advances The Borrower ---------------------------------------- may, upon notice at least two Business Days' prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 noon (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amount of the Revolving Credit Advances comprising part of the same Revolving Credit Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in -------- ------- an aggregate principal amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Term Loan Advances Subject to Section 2.5(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to two and three quarters of one percent (2.75%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.5(d) below.

  • The Revolving Credit Advances Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date applicable to such Lender in an aggregate amount (based in respect of any Revolving Credit Advances to be denominated in a Committed Currency on the Equivalent in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) not to exceed at any time outstanding such Lender’s Commitment, provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount (based in respect of any Competitive Bid Advance denominated in a Foreign Currency on the Equivalent in Dollars at such time) of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a “Competitive Bid Reduction”). Each Revolving Credit Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof (or the Equivalent thereof in any Committed Currency determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

  • Revolving Credit Advances The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders on the Termination Date the aggregate outstanding principal amount of the Revolving Credit Advances then outstanding.

  • The Revolving Credit Loans Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided, however, that after giving effect to any such Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

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