Facility B. Subject to the terms and conditions contained herein and until the Termination Date, Lenders shall make loans to Borrower under Facility B on a revolving basis in amounts requested by Borrower from time to time (the “Facility B Loans” and each, a “Facility B Loan”) in an aggregate amount outstanding at any time not to exceed the lesser of $30,000,000.00 or the amount permitted by paragraph (f) of this Section 2.02. In addition, each Facility B Loan shall be in an aggregate amount that is an integral multiple of $500,000.00, and no such Facility B Loan shall be less than the Minimum Loan. Availability under Facility B shall be reduced by the amount outstanding of the sum of any Term Loans. Facility B Loans may, upon request of Lenders, be evidenced by a Revolving Loan Note in the form attached hereto as Exhibit A.
Appears in 2 contracts
Sources: Participation and Loan and Security Agreement (K-Sea Tranportation Partners Lp), Participation and Loan and Security Agreement (K-Sea Tranportation Partners Lp)
Facility B. Subject to the terms and conditions contained herein and until the Termination Date, Lenders shall make loans to Borrower under Facility B on a revolving basis in amounts requested by Borrower from time to time (the “Facility "FACILITY B Loans” LOANS" and each, a “Facility "FACILITY B Loan”LOAN") in an aggregate amount outstanding at any time not to exceed the lesser of $30,000,000.00 or the amount permitted by paragraph (f) of this Section 2.02. In addition, each Facility B Loan shall be in an aggregate amount that is an integral multiple of $500,000.00, and no such Facility B Loan shall be less than the Minimum Loan. Availability under Facility B shall be reduced by the amount outstanding of the sum of any Term Loans. Facility B Loans may, upon request of Lenders, be evidenced by a Revolving Loan Note in the form attached hereto as Exhibit EXHIBIT A.
Appears in 1 contract
Sources: Participation and Loan and Security Agreement (K-Sea Transportation Partners Lp)