Facility B Commitment. The Banks which issued a "Facility B Commitment" under and as defined in the Prior Loan Agreement have previously lent to the Borrower the amount in the aggregate of $125,000,000 of which $50,000,000 is outstanding on the Agreement Date. The Borrower hereby acknowledges that all "Obligations" in respect of "Advances" outstanding under the "Facility B Commitment" (as such terms are defined in the Prior Loan Agreement) shall be deemed to have been made to the Borrower as Advances of the Facility B Commitment hereunder and shall constitute a portion of the Obligations. The Banks agree, severally, in accordance with their respective Commitment Ratios, and not jointly, upon the terms and subject to the conditions of this Agreement, to lend to the Borrower, on a single date on or after the ProNet Merger Date but prior to the Facility B Commitment Termination Date, an additional amount not to exceed, in the aggregate, $75,000,000. The obligation of the Banks to fund the additional $75,000,000 under the Facility B Commitment shall be automatically terminated in the event the ProNet Merger Date fails to occur on or prior to the Facility B Commitment Termination Date. Subject to the terms and conditions hereof, Advances under the Facility B Commitment may be repaid and reborrowed to effect a change in the Interest Rate Basis or Interest Periods relating thereto; provided, however, there shall be no increase in the principal amount outstanding under the Facility B Commitment following the making of the Advance under the Facility B Commitment in connection with the ProNet Merger in an amount not to exceed $75,000,000.
Facility B Commitment. Subject to all the terms and conditions of this Loan Agreement and prior to the termination of its commitment as hereinafter provided, Bank hereby agrees to make loans (each a "Facility-B Loan") to Borrower in such amounts as Borrower shall request pursuant to this Section 2 at any time prior to June 18, 1998 (the "Facility-B Availability End Date"), in an aggregate principal amount not to exceed to exceed $1,500,000.00 (the "Facility-B Commitment"). If at any time or for any reason, the outstanding principal amount of the Facility-B Loan Account (as hereinafter defined) is greater than the Facility-B Commitment, Borrower shall immediately pay to Bank, in cash, the amount of such excess. Any commitment of Bank, pursuant to the terms of this Loan Agreement, to make Facility-B Loans shall expire on the Facility-B Availability End Date, subject to Bank's right to renew said commitment in its sole and absolute discretion at Borrower's request. Any such renewal of said commitment shall not be binding upon Bank unless it is in writing and signed by an officer of Bank. Facility-B Loans which are repaid by Borrower may not be reborrowed. Borrower promises to pay to Bank the outstanding unpaid principal balance (and all accrued unpaid interest thereon) of the Facility-B Loan Account on the dates set forth below, the final such date being that date forty-eight months from the date hereof ("Facility-B Maturity Date").
Facility B Commitment. On the Closing Date, upon the terms and conditions set forth in this Agreement and in reliance upon the representations and warranties of Borrower herein set forth, each Lender severally agrees to make the Facility B Advance to the Borrower in the amount of its Facility B Commitment.
Facility B Commitment. The Banks which issued a "Facility B Commitment" under and as defined in the Prior Loan Agreement have previously lent to the Borrower the amount in the aggregate of $125,000,000. The Borrower hereby acknowledges that all "Obligations" in respect of "Advances" outstanding under the "Facility B Commitment" (as such terms are defined in the Prior Loan Agreement) shall be deemed to have been made to the Borrower as Advances of the Facility B Commitment hereunder and shall constitute a portion of the Obligations. Subject to the terms and conditions hereof, Advances under the Facility B Commitment may be repaid and reborrowed to effect a change in the Interest Rate Basis or Interest Periods relating thereto; provided, however, there shall be no increase in the principal amount outstanding under the Facility B Commitment.
Facility B Commitment. Subject to all the terms and conditions of this Restated Loan Agreement and prior to the termination of its commitment as hereinafter provided, Bank hereby agrees to make
Facility B Commitment. On the terms and subject to the --------------------- conditions of this Agreement (including without limitations Section 2.1.4), from ------------- time to time on any Business Day occurring prior to the Facility B Commitment Termination Date, the Issuer shall issue and the Lenders shall participate in Facility B Letters of Credit pursuant to Section 4.1. -----------
Facility B Commitment. The Lender agrees, on the terms and conditions set forth herein, to make loans to the Borrower from time to time before the Facility B Maturity Date; PROVIDED that, immediately after each such loan is made, the sum of the aggregate outstanding principal amount of such loans PLUS the then outstanding Letter of Credit Obligations shall not exceed the amount of the Facility B Commitment (the loans described in this Section 2.1(b) are referred to herein as "Facility B Loans"). Within the foregoing limits and subject to paragraph (c) of this Section and subject further to Section 2.10(b), the Borrower may borrow under this Section 2.1(b), repay and reborrow Facility B Loans under this Section 2.1(b) at any time before the Facility B Maturity Date. The proceeds of any Facility B Borrowing shall be used only for the payment of reimbursement obligations with respect to Letters of Credit issued hereunder and for working capital and other valid corporate purposes.
Facility B Commitment. (a) The Issuing Lender agrees, on the terms and conditions set forth in this Agreement, on the Closing Date to effect the Facility B L/X Xollateral Release. On and after the Closing Date, the Facility B Letter of Credit shall be (i) deemed to be issued under Facility B and in the event that any provisions of the Facility B L/X Xecurity and Reimbursement Agreement are inconsistent with the provisions of this Agreement, the provisions of this Agreement shall govern and (ii) secured pursuant to the Collateral Documents.
Facility B Commitment. The Lenders who issued a "Facility B Commitment" under, and as defined in, the Prior Loan Agreement, have previously lent to the Borrower the amount in the aggregate of $50,000,000 of which $50,000,000 is outstanding on the Agreement Date. The Borrower hereby acknowledges that all "Obligations" in respect of "Advances" outstanding on the Agreement Date under the "Facility B Commitment " (as such terms are defined in the Prior Loan Agreement) shall be deemed to have been made to the Borrower as Advances under the Facility B Commitment hereunder and shall constitute a portion of the Obligations. Subject to the terms and conditions hereof, the Borrower may from time to time (i) Convert a Base Rate Advance into a Eurodollar Advance or a Eurodollar Advance into a Base Rate Advance or (ii) Continue a Eurodollar Advance as a Eurodollar Advance; provided, however, that there shall be no increase in the principal amount of the Facility B Loans outstanding on the Agreement Date.
Facility B Commitment. (a) From and including the Effective Date and prior to the Facility Termination Date, each Facility B Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Loans to the Borrower under Facility B from time to time in amounts not to exceed in the aggregate at any one time outstanding the amount of its Facility B Commitment; provided, however, that the Facility B Lenders shall not be obligated to make an Advance under Facility B if (i) the making of such Advance would cause the Facility B Principal Obligations Amount to exceed the Aggregate Facility B Commitment then in effect, (ii) prior to the Equity Infusion Date, the making of such Advance would cause the Principal Obligations Amount to exceed $16,000,000, or (iii) prior to January 1, 2001, the making of such Advance would cause the Facility B Principal Obligations Amount to exceed $8,000,000 unless the conditions precedent set forth in Section 4.2 (in addition to those set forth in Section 4.3) shall have been satisfied or waived in accordance with the terms hereof. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow under Facility B at any time prior to the Facility Termination Date so long as any portion of the Aggregate Facility B Commitment remains unutilized. The Facility B Commitments shall expire on the Facility Termination Date.
