Facility B Term Loan Advances Sample Clauses

Facility B Term Loan Advances. To the extent not otherwise required to ----------------------------- be paid earlier as provided herein, the principal amount of the Facility B Term Loan Advances shall be repaid on each Quarterly Date and on the Facility B Term Loan Maturity Date in such amounts as set forth next to each such date below: Amount of Reduction of Facility B Quarterly Date Term Loan Advances as of each Date -------------- ---------------------------------- December 31, 1997 $93,750 March 31, 1998 $93,750 June 30, 1998 $93,750 September 30, 1998 $93,750 December 31, 1998 $93,750 March 31, 1999 $93,750 June 30, 1999 $93,750 September 30, 1999 $93,750 December 31, 1999 $93,750 37 February 29, 2000 $ 93,750 June 30, 2000 $ 93,750 September 30, 2000 $ 93,750 December 31, 2000 $ 93,750 March 31, 2001 $ 93,750 June 30, 2001 $ 93,750 September 30, 2001 $ 93,750 December 31, 2001 $ 93,750 March 31, 2002 $ 93,750 June 30, 2002 $ 93,750 September 30, 2002 $ 93,750 December 31, 2002 $ 93,750 March 31, 2003 $ 93,750 June 30, 2003 $ 93,750 September 30, 2003 $ 93,750 December 31, 2003 $8,812,500 March 31, 2004 $8,812,500 June 30, 2004 $8,812,500 September 30, 2004 $8,812,500 or such other amount of Facility B Term Loan Advances then outstanding
Sample 1
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Facility B Term Loan Advances. Each Lender severally agrees, upon the ----------------------------- terms and subject to the conditions of this Agreement, to make a Facility B Term Loan Advance to the Borrower on the Agreement Date in an amount not to exceed its Facility B Term Loan Specified Percentage of the Facility B Term Loan Commitment for the purposes set forth in Section 5.8 hereof. Notwithstanding ----------- any provision in any Loan Document to the contrary, in no event shall the principal amount of all outstanding Facility B Term Loan Advances exceed the Facility B Term Loan Commitment. Immediately upon the making of the Facility B Term Loan Advances, the Facility B Commitment shall be automatically terminated. Facility B Advances may not be repaid and then reborrowed.
Sample 1
Facility B Term Loan Advances. Each Lender with a Facility B Term Loan Specified Percentage severally agrees, upon the terms and subject to the conditions of this Agreement, to make a Facility B Term Loan Advance to the Borrower on the Agreement Date in an amount equal to such Lender's Facility B Term Loan Specified Percentage of the Facility B Term Loan Commitment for the purposes set forth in Section 5.8 hereof. Notwithstanding any provision in any Loan Document to the contrary, in no event shall the principal amount of all outstanding Facility B Term Loan Advances exceed the Facility B Term Loan Commitment. Immediately upon the making of the Facility B Term Loan Advances, the Facility B Term Loan Commitment shall be automatically terminated. Facility B Term Loan Advances may not be repaid and then reborrowed.
Sample 1
Facility B Term Loan Advances. Each Lender severally agrees, upon the ----------------------------- terms and subject to the conditions of this Agreement, to make Facility B Term Loan Advances to the Borrower in an aggregate amount not to exceed its Facility B Specified Percentage of the Facility B Term Loan Commitment for the purposes set forth in Section 5.9 hereof. The Facility B Term Loan Advances shall be ----------- made in two Advances, the first of such Advances in the aggregate amount of $30,000,000 shall occur on December 4, 1997 and the second of such Advances in the aggregate amount of $20,000,000 shall occur no later than January 5, 1998. Notwithstanding any provision in any Loan Document to the contrary, in no event shall the principal amount of all outstanding Facility B Term Loan Advances exceed the Facility B Term Loan Commitment. Immediately upon the making of the second Facility B Term Loan Advance on the day of the Shelter Components Merger, the Facility B Term Loan Commitment shall be automatically terminated. Facility B Term Loan Advances may not be repaid and then reborrowed.
Sample 1
Facility B Term Loan Advances. Each Lender severally agrees, upon the terms and subject to the conditions of this Agreement, to make Facility B Term Loan Advances to the Borrower on the Agreement Date in an aggregate amount not to exceed its Facility B Term Loan Specified Percentage of the Facility B Term Loan Commitment for the purposes set forth in Section 5.8 hereof. Notwithstanding any provision in any Loan Document to the contrary, in no event shall the principal amount of all outstanding Facility B Term Loan Advances exceed the Facility B Term Loan Commitment. Immediately upon the making of the Facility B Term Loan Advance, the Facility B Term Loan Commitment shall be automatically terminated. Facility B Term Loan Advances may not be repaid and then reborrowed. Swing Line Advances. The Borrower may request the Swing Line Bank to make, and the Swing Line Bank shall make, on the terms and conditions hereinafter set forth, advances ("Swing Line Advances") to the Borrower from time to time on any Business Day during the period from the Agreement Date to the Revolving Commitment Maturity Date in an aggregate principal amount not to exceed at any time outstanding the lesser of (a) $10,000,000 or (b) an amount equal to the Revolving Credit Commitment minus (i) the aggregate principal amount of Revolving Credit Advances then outstanding and (ii) the aggregate amount of all Reimbursement Obligations then outstanding (the "Swing Line Facility"). Each Swing Line Advance shall be in an amount not less than $100,000. Within the limits of the Swing Line Facility and subject to the terms hereof, Swing Line Advances may be repaid and then reborrowed.
Sample 1
Facility B Term Loan Advances. To the extent not otherwise ----------------------------- required to be paid earlier as provided herein, beginning on March 31, 2000, the principal amount of the Facility B Term Loan Advances shall be repaid on each Quarterly Date and on the Facility B Term Loan Maturity Date in such amounts as set forth next to each such date below: ---------------------------------------------------------------------------------------------- Amount of Reduction of Facility B Term Loan Quarterly Date Advances as of each Date -------------- ------------------------ ---------------------------------------------------------------------------------------------- March 31, 2000 $ 562,500 ---------------------------------------------------------------------------------------------- June 30, 2000 $ 562,500 ---------------------------------------------------------------------------------------------- September 30, 2000 $ 562,500 ---------------------------------------------------------------------------------------------- December 31, 2000 $ 562,500 ---------------------------------------------------------------------------------------------- March 31, 2001 $ 562,500 ---------------------------------------------------------------------------------------------- -3- ---------------------------------------------------------------------------------------------- June 30, 2001 $ 562,500 ---------------------------------------------------------------------------------------------- September 30, 2001 $ 562,500 ---------------------------------------------------------------------------------------------- December 31, 2001 $ 562,500 ---------------------------------------------------------------------------------------------- January 31, 2002 $215,199,000 or such other amount of Facility B Term Loan Advances then outstanding ----------------------------------------------------------------------------------------------
Sample 1
Facility B Term Loan Advances. Each Lender severally agrees, upon the terms and subject to the conditions of this Agreement, to make Facility B Term Loan Advances to the Borrower on the Agreement Date in an aggregate amount not to exceed its Facility B Term Loan Specified Percentage of the Facility B Term Loan Commitment for the purposes set forth in Section 5.8 hereof.
Sample 1
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Facility B Term Loan Advances. Each Lender severally agrees, upon the terms and subject to the conditions of this Agreement, to make a Facility B Term Loan Advance to the Borrower on the Agreement Date in an amount not to exceed its Facility B Term Loan Specified Percentage of the Facility B Term Loan Commitment. Notwithstanding any provision in any Loan Document to the contrary, in no event shall the principal amount of all outstanding Facility B Term Loan Advances exceed the Facility B Term Loan Commitment. Immediately upon the making of the Facility B Term Loan Advances, the Facility B Term Loan Commitment shall be automatically terminated. Facility B Term Loan Advances may not be repaid and then reborrowed.
Sample 1
Facility B Term Loan Advances. To the extent not otherwise required to be paid earlier as provided herein, the principal amount of the Facility B Term Loan Advances shall be repaid on each Quarterly Date and on the Facility B Term Loan Maturity Date in such amounts as set forth next to each such date below: Amount of Reduction of Facility B Quarterly Date Term Loan Advances as of each Date -------------- ---------------------------------- June 30, 1999 $ 100,000 September 30, 1999 $ 100,000 December 31, 1999 $ 100,000 March 31, 2000 $ 100,000 June 30, 2000 $39,100,000 or such other amount of Facility B Term Loan Advances then outstanding
Sample 1

Related to Facility B Term Loan Advances

  • 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.

  • Term Loan Advance Subject to Section 2.4(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (A) six and one half of one percent (6.50%) and (B) one and one-half of one percent (1.50%) above the Prime Rate, which interest, in each case, shall be payable monthly in accordance with Section 2.4(e) below.

  • Tranche B Term Loans Each Lender that has a Tranche B Term Loan Commitment severally agrees to lend to Borrower on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the Tranche B Term Loans. The Notice of Borrowing shall specify (i) the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $45,000,000; PROVIDED that the Tranche B Term Loan Commitments of Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in Tranche B Term Loans pursuant to subsection 2.1A(iv). Each Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March 31, 2002 if the Tranche B Term Loans have not been made on or before that date. Subject to subsection 2.1A(iv), Borrower may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

  • Loan Advances (a) Subject to and upon the terms and conditions of this Agreement, during the Revolving Loan Period, Bank agrees to make one or more Loan Advances to Borrower for Approved Purposes in an aggregate principal amount at any one time outstanding up to but not exceeding the Maximum Loan Amount. Within the limit of the Maximum Loan Amount in effect from time to time, during the Revolving Loan Period, Borrower may borrow, repay, and reborrow at any time and from time to time from the Effective Date to the earlier of (a) the expiration of the Revolving Loan Period, or (b) the Termination Date. If, by virtue of payments made on the Note during the Revolving Loan Period, the principal amount owed on the Note prior to the Termination Date reaches zero at any point, Borrower agrees that all of the Collateral and all of the Loan Documents shall remain in full force and effect to secure any Loan Advances made thereafter and the Obligations, and Bank shall be fully entitled to rely on all of the Collateral and all of the Loan Documents unless an appropriate release of all or any part of the Collateral or all or any part of the Loan Documents has been executed by Bank. Borrower acknowledges and agrees that the Maximum Loan Amount is calculated in conjunction with the Maximum Purchase Amount under the Mortgage Warehouse Agreement such that in no event shall the aggregate of the outstanding principal balance of the Loan hereunder and the outstanding Purchase Price of the Purchased Mortgage Loans exceed $200,000,000 at any time. Upon the expiration of the Revolving Loan Period, and provided that no Default or Event of Default has occurred and is continuing, the Revolving Loans shall, without any further action by Bank or Borrower, convert to a term loan (the “Term Loan”) in accordance with the terms of the Promissory Note. Borrower shall initiate each Loan Advance by submitting to Bank a written Advance Request no later than 1:00 p.m., Jacksonville, Florida time, on the Advance Date. Bank shall have no liability to Borrower for any loss or damage suffered by Borrower as a result of Bank’s honoring of any requests, execution of any instructions, authorizations or agreements or reliance on any reports communicated to it telephonically, by facsimile or electronically, and purporting to have been sent to Bank by Borrower and Bank shall have no duty to verify the origin of any such communication or the identity or authority of the Person sending it. Subject to the terms and conditions of this Agreement, each Loan Advance shall be made available to Borrower by depositing the same, in immediately available funds, in an account of Borrower designated by Borrower maintained with Bank. If the conditions to making a Loan Advance as set forth in Section 5 are satisfied, then no later than the Advance Date, Bank shall reflect on its computer system the Loan Advance (the “Confirmation”). In the event Borrower disagrees with any terms of the Confirmation, Borrower shall immediately notify Bank of such disagreement. An objection by Borrower must state specifically that it is an objection, must specify the provision(s) being objected to by Borrower, must set forth such provision(s) in the manner that Borrower believes they should be stated, and must be received by Bank no more than one (1) Business Day after the Confirmation was received by Borrower.

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • Repayment of Term Loans and Revolving Facility Loans (a) Subject to the other clauses of this Section 2.10 and to Section 9.08(e),

  • Revolving Loan Facility On the terms and subject to the conditions of this Agreement, each Revolving Lender severally agrees to advance to the Borrower from time to time during the period beginning on the Effective Date up to, but not including the Termination Date, such loans in Dollars as the Borrower may request under this Section 2.01(b) (individually, a “Revolving Loan”); provided, however, that (i) the sum of (A) the Effective Amount of all Revolving Loans made by such Lender at any time outstanding and (B) such Lender’s Revolving Proportionate Share of the Effective Amount of all L/C Obligations and all Swing Line Loans at any time outstanding shall not exceed such Lender’s Revolving Loan Commitment at such time and (ii) the sum of (A) the Effective Amount of all Revolving Loans made by all of the Revolving Lenders at any time outstanding and (B) the Effective Amount of all L/C Obligations and Swing Line Loans at any time outstanding shall not exceed the Revolving Loan Facility at such time. All Revolving Loans shall be made on a pro rata basis by the Revolving Lenders in accordance with their respective Revolving Proportionate Shares, with each Revolving Loan Borrowing to be comprised of a Revolving Loan by each Revolving Lender equal to such Lender’s Revolving Proportionate Share of such Revolving Loan Borrowing. Except as otherwise provided herein, the Borrower may borrow, repay and reborrow Revolving Loans until the Termination Date in respect of the Revolving Loan Facility.

  • Revolver Advances (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender with a Revolver Commitment agrees (severally, not jointly or jointly and severally) to make revolving loans (“Advances”) to Borrower in an amount at any one time outstanding not to exceed the lesser of:

  • Term Loan The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Loan in whole or in part together with the applicable Prepayment Premium; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of LIBOR Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of LIBOR Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan shall be applied in the inverse order of maturity with respect to the remaining amortization payments. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. On the date of any voluntary prepayment of any Term Loan pursuant to this Section 2.05(a)(ii), the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, whether before or after an Event of Default, the applicable Prepayment Premium. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Term Loan A Subject to the terms and conditions set forth herein, the Lenders will make advances of their respective Term Loan A Commitment Percentages of a term loan (the “Term Loan A”) in an amount not to exceed the Term Loan A Commitment, which Term Loan A will be disbursed to the Borrower in Dollars in a single advance on the Closing Date. The Term Loan A may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Amounts repaid on the Term Loan A may not be reborrowed.

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