Facility B. Each Lender agrees to lend to Borrower its Pro Rata Part of a single Loan under Facility B, which, after it has been prepaid, may not be reborrowed. The Loan under Facility B is subject to the following conditions: (a) The Loan under Facility B must occur on or before July 1, 1998; (b) The Loan must be in an amount equal to the Facility B Commitment; and (i) The Facility B Principal Debt may not exceed the Facility B Commitment; (ii) no Lender's Pro Rata Part of the Facility B Principal Debt may exceed such Lender's Commitment for Facility B; and (iii) the Facility B Principal Debt, when aggregated with the Facility A Commitment Usage and the Facility C Principal Debt, may not exceed the Total Commitment.
Appears in 2 contracts
Sources: Credit Agreement (Nci Building Systems Inc), Credit Agreement (Nci Building Systems Inc)
Facility B. Each Lender agrees to lend to Borrower its Pro ---------- Rata Part of a single Loan under Facility B, which, after it has been prepaid, may not be reborrowed. The Loan under Facility B is Loans are subject to the following conditions:
(a) The Loan under Facility B must occur on or before July 1, 1998the third Business Day after the Closing Date;
(b) The Loan must be in an amount equal to or less than the Facility B Commitment; and
(i) The Facility B Principal Debt may not exceed the Facility B Commitment; (ii) no Lender's Pro Rata Part of the Facility B Principal Debt may exceed such Lender's Commitment for Facility B; and (iii) the Facility B Principal Debt, when aggregated with the Facility A Commitment Usage and the Facility C Principal DebtUsage, may not exceed the Total Commitment.
Appears in 1 contract
Sources: Credit Agreement (Vail Resorts Inc)