B Term Loans. The Borrower shall repay to the Agent for the ratable benefit of the B Term Loan Lenders the aggregate principal amount of the B Term Loans outstanding on the following dates in an amount (subject to reduction, if applicable, as a result of the application of prepayments in the manner required by Section 2.10(b)(vi)) equal to the percentage set forth below opposite such dates of the aggregate principal amount of the B Term Loans made on the Closing Date (which is acknowledged as being 50 [[3596554]] $1,131,450,000); provided that all B Term Loans outstanding on the B Term Loan Maturity Date shall be payable in full on the B Term Loan Maturity Date: Date Repayment Percentage March 31, 2017, and the last day of each subsequent calendar quarter ending thereafter and prior to the seventh anniversary of the Closing Date 0.250 %
B Term Loans. Subject to the terms and conditions hereof, each Lender having a B Term Commitment severally agrees to make a B Term Loan to the Borrower in dollars on the Effective Date in a principal amount equal to such B Term Commitment. B Term Loans which are prepaid or repaid, in whole or in part, may not be reborrowed.
B Term Loans. (a) Each Term Loan B Lender, severally and not jointly, agrees, upon the terms and subject to the conditions hereinafter set forth to make a term loan (each a "B Term Loan" and collectively the "B Term Loans") to the Borrower on the Closing Date in a single draw in a principal amount up to such Term Loan B Lender's Term Loan B Commitment.
B Term Loans. Each Lender with a B Term Loan Commitment severally and not jointly agrees, subject to and upon the terms and conditions set forth in this Agreement, to make a term loan (collectively, the “B Term Loans”) to the Borrower, acting by and through its New York Branch, on the Closing Date in an aggregate amount not to exceed at any time the amount of such Lender’s B Term Loan Commitment set forth on Schedule I; provided that the aggregate principal amount of all outstanding B Term Loan Commitments shall not exceed $83,750,000.
B Term Loans. The Borrower may, so long as no Event of Default shall have occurred and be continuing and provided that there shall have occurred a Successful New Senior Note Issuance, enter into an agreement with one or more Lenders which will establish in favor of the Borrower a new term loan facility under the Agreement having a "B term loan tranche" structure pursuant to which the final maturity of the term loans made thereunder will be no earlier than February 15, 2005 and the amortization of the principal of which will be at a rate of not more than 1% per year until the final maturity date thereof when the then remaining principal amount thereof shall become due and payable. The loans under such facility will be defined as "B Term Loans", will constitute Loans for all purposes of the Loan Documents, will be entitled to the benefits of and secured by the Security Documents (the Administrative Agent being hereby authorized to execute any documents and instruments on behalf of the Lenders that may be necessary or appropriate to effect such entitlement and security), and the lenders thereof will be defined as the "B Term Lenders." Concurrently with the notification by the Borrower to the Administrative Agent of the effectiveness of such facility the amendments to the Agreement specified in Annex I to this Amendment shall automatically become effective, and the Administrative Agent will, promptly thereafter, notify the Lenders of such effectiveness. Such facility shall be established pursuant to the agreement referred to above to be entered into among the Borrower, the Administrative Agent and the B Term Lenders and shall not require the execution by or consent of any other Lender. Such agreement shall set forth the Applicable Margin for the B Term Loans, the amortization schedule and final maturity date to be applicable thereto, the amount and date of the B Term Loans to be made by each B Term Lender and any conditions to the making of such B Term Loans. The Net Cash Proceeds of the B Term Loans shall be applied, notwithstanding any provision of subsection 4.3 to the contrary, first, to payment of the Term Loans then outstanding, and second (to the extent that there are no Term Loans then outstanding), to permanent reduction of the Revolving Credit Commitments then in effect. Prepayments of the Term Loans pursuant to the preceding sentence shall be applied to the respective installments of principal thereof in the direct order of their stated maturity. Notwithstanding ...
B Term Loans. (a) Subject to the terms and conditions hereof and of the Agreement, each B Term Loan Lender severally agrees, on the B Term Closing Date (as defined below), to make a term loan (a "B Term Loan") in Dollars in the principal amount set forth under such B Term Lender's name in Schedule A opposite the heading "B Term Loan Commitment". The B Term Loans may from time to time be (i) Eurocurrency Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Section 2.9 or 4.4 of the Agreement (and any B Term Loan that is a Eurocurrency Loan shall be deemed a Eurocurrency Standby Loan for purposes of the Agreement), provided that no B Term Loan shall be made as a Eurocurrency Loan (i) after the day that is one month prior to the B Term Loan Maturity Date or (ii) prior to the date that is 15 days after the B Term Closing Date. Amounts paid on account of the B Term Loans pursuant to Section 2.9 of the Agreement may not be reborrowed.
B Term Loans. On the Initial Borrowing Date, each Bank with a B Term Loan Commitment severally agrees, on the terms and conditions set forth in this Agreement, to make a loan or loans (each a "B Term Loan" and, collectively, the "B Term Loans") to the Canadian Borrower pursuant to this Section in amounts such that the aggregate principal amount of B Term Loans made by such Bank on a cumulative basis on such date shall not exceed the amount of its B Term Loan Commitment. The Borrowings under this Section shall be made by the several Banks ratably in proportion to their respective B Term Loan Commitments. Within the foregoing limits, the Canadian Borrower may borrow under this Section and prepay the B Term Loans to the extent permitted by Section 2.11. To the extent the B Term Loans are prepaid in any amount, such amount may not be reborrowed.
B Term Loans. The B Term Loans shall be repayable in eleven (11) consecutive quarterly installments on the dates and in the amounts set forth below: Date Installment Amount January 31, 1998 $2,585,227.27 April 30, 1998 $2,585,227.27 July 31, 1998 $2,585,227.27 October 31, 1998 $2,585,227.27 January 31, 1999 $2,585,227.27 April 30, 1999 $2,585,227.27 July 31, 1999 $2,585,227.27 October 31, 1999 $2,585,227.27 January 31, 2000 $2,585,227.27 April 30, 2000 $2,585,227.27 July 31, 2000 $2,269,369.63; provided, however, that, in any event, the eleventh installment shall be in the amount of the then outstanding principal balance of the B Term Loans.
B Term Loans. On the Initial Borrowing Date, and subject to the other provisions of this Section 5, the Borrower shall have incurred all of the B Term Loans available on such date and the B Term Loan Commitment shall have been reduced to zero.
B Term Loans. Subject to the terms and conditions set forth herein, each Lender having a B Term Commitment severally agrees (i) to make a B Initial Term Loan to the Borrower in dollars on the Closing Date in a principal amount requested by the Borrower not to exceed such Lender’s B Initial Term Loan Commitment and (ii) to make an B Delayed Draw Term Loan to the Borrower in dollars on the B Delayed Draw Funding Date in a principal amount requested by the Borrower not to exceed such Lender’s B Delayed Draw Term Loan Commitment. Any remaining unutilized amount of the B Initial Term Loan Commitment or the B Delayed Draw Term Loan Commitment shall thereafter cease to be available. B Term Loans which are prepaid or repaid, in whole or in part, may not be reborrowed.
