Term B Loan Clause Samples

Term B Loan. The Term B Loan, both for principal and interest not sooner paid, shall mature and be due and payable by the Borrower on the Term B Credit Termination Date.

Term B Loan. The Company shall repay the outstanding principal amount of the Term B Loan in quarterly installments of $875,000 commencing on September 30, 2018 and on each December 31, March 31, June 30 and September 30 thereafter with the remaining outstanding balance due and payable on the Maturity Date of the Term B Loan (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.06 and increases with respect to any increase to the Term B Loan pursuant to Section 2.16), unless accelerated sooner pursuant to Section 8.02.

Term B Loan. Each Lender which, prior to the Seventh Amendment Effective Date, was a Term B Lender (each an "Original Term B Lender") severally and for itself alone, hereby agrees, on the terms and subject to the conditions hereinafter set forth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents to continue its Term B Loan (each such loan, an "Original Term B Loan" and collectively, the "Original Term B Loans") on and after the Seventh Amendment Effective Date as a loan (each such loan, a "Term B Loan" and collectively together with the Additional Term B Loans, the "Term B Loans"). Each Lender with an Additional Term B Commitment, severally and for itself alone, hereby agrees, on the terms and subject to the conditions set forth in Section 5.3 hereof and otherwise set forth herein and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make a loan (each such loan, if made, an "Additional Term B Loan" and a "Term B Loan" and collectively the "Additional Term B Loans") during the period from the Seventh Amendment Effective Date until December 15, 2003 in a single draw (the date of such drawing the "Additional Term B Borrowing Date") to Borrower which is in an aggregate principal amount equal to the Additional Term B Commitment of such Lender and which, when aggregated with the Additional Term Loan Commitments of all other Lenders shall not exceed the Maximum Additional Term Loan Commitment Amount. From and after the Additional Term B Borrowing Date, the Original Term B Loans and the Additional Term B Loans shall collectively constitute the Term B Loans and all references to Term B Loans herein should be deemed to be references to either or both, as the context may require, of the Original Term B Loans or Additional Term B Loans. Each Lender's Additional Term B Commitment shall expire immediately and without further action after giving effect to the Additional Term B Loans made on the Additional Term B Borrowing Date or on December 15, 2003 if the Additional Term B Borrowing Date has not occurred on or before such date. No amount of a Term B Loan which is repaid or prepaid by Borrower may be reborrowed hereunder."

Term B Loan. Each of the Term B Lenders severally agrees to make its portion of the term B loans (in the amount of its respective Term B Loan Committed Amount) to the Borrower on the Funding Date in a single advance in Dollars in an aggregate principal amount for all Term B Lenders of THREE HUNDRED FIFTY MILLION DOLLARS ($350,000,000) (the “Term B Loans”). The Term B Loans may consist of Base Rate Loans, Eurodollar Rate Loans or a combination thereto, as the Borrower may request. Amounts repaid on the Term B Loans may not be reborrowed.

Term B Loan. On the Amendment Agreement No. 1 Effective Date, the outstanding principal amount of the Multiple Advance Term Loans shall be automatically renamed the Term B Loan. All commitments for the Multiple Advance Term Loans shall terminate concurrently therewith. Such renaming will not require any action on the part of the Borrower, the Administrative Agent or the Lenders. The Term B Loan once repaid or prepaid may not be reborrowed.

Term B Loan. (a) Subject to the terms and conditions hereof and in the Third Amendment, each Term B Dollar Lender agrees to make a loan in Dollars (the “Term B Dollar Loans”) to the Borrower on the Third Amendment Effective Date in the aggregate principal amount of such Lender’s Term B Dollar Commitment. No amount of a Term B Loan which is repaid or prepaid by the Borrower may be reborrowed hereunder. The Term B Dollar Loans shall be denominated in Dollars, shall be maintained as and/or converted into Base Rate Loans or Eurocurrency Loans or a combination thereof, provided, that all Term B Dollar Loans made by the Term B Dollar Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Term B Dollar Loans of the same Type. (A) The Borrower shall have the right at any time following the date on which the Administrative Agent notifies the Borrower that the initial syndication of the Loans and Commitments with respect to this Agreement has occurred to the Administrative Agent’s satisfaction (so long as (x) no Unmatured Event of Default or Event of Default then exists and is continuing, (y) the Borrower shall have delivered to Administrative Agent a Compliance Certificate for the period of four full Fiscal Quarters immediately preceding the incurrence described below (prepared in good faith and in a manner and using such methodology which is consistent with the most recent financial statements delivered pursuant to Section 7.1) giving pro forma effect to such incurrence and evidencing compliance with the covenant set forth in Article IX) and (z) such incurrence is not prohibited by the terms of any Public Note Document), to incur from one or more existing Lenders and/or other Persons that are Eligible Assignees and which, in each case, agree to make such term loans to the Borrower, Additional Term Loans in Dollars or Euros (in maximum amounts described below), which loans may be incurred as one or more tranches of additional term loans as determined by Administrative Agent in an aggregate principal amount not to exceed $1,000,000,000 so long as the proceeds of such Additional Term Loans are used solely for (i) capital expenditures, (ii) repayment of secured Indebtedness of the Borrower, (iii) repayment of Senior Notes (2012) and (iv) to finance Acquisitions permitted by Section 8.3(b) hereof. (B) In the event that the Borrower desires to incur Additional Term Loans, the Borrower will enter into an amendment with the len...

Term B Loan. Absent the occurrence of any Event of Default, the unpaid principal amount of the Term B Loan shall bear interest at the rate of one percent (1%) per annum, but such interest shall merely accrue and not be payable until the earlier to occur of the following: (A) EBITDA for the year-long financial period ending as of the final date of any financial quarter shall equal or exceed $7,500,000, (B) the maturity (including as a result of acceleration) of the Bridge Loan (as such maturity may be from time to time extended by Tennessee Farmers in its absolute discretion) and the failure to pay the Bridge Loan in full timely pursuant to the terms thereof, (C) the occurrence of any Event of Default and ensuing acceleration of the entire indebtedness by Tennessee Farmers, and (D) the third anniversary of the Closing Date. Upon the occurrence of any such event (other than the acceleration of indebtedness described in clause (C) of the preceding sentence), the interest accrued on the unpaid principal amount of the Term B Loan at the pertinent interest rate(s) through the date of such occurrence shall be paid in full in cash within thirty (30) days of such date, and the interest accruing on the unpaid principal amount of the Term B Loan after the date of such occurrence shall be paid in cash on a quarterly basis on the final Business Day of each March, June, September and December, starting with the first such date after the occurrence of such event. All other terms and conditions found in the form of the Term B Notes shall apply to the Term B Loan. Upon the occurrence of any event consisting of the acceleration of indebtedness described in clause (C) of the second preceding sentence, all interest (including, without limitation, the interest accrued on the unpaid principal amount of the Term B Loan at the pertinent interest rate(s) through the date of such occurrence) shall be due and payable in full in cash immediately. In the case of any Event of Default hereunder, interest shall accrue on the unpaid principal amount of the Term B Loan at the A and Term B Loan Default Rate and shall be payable in cash as described in the foregoing.

Term B Loan. Absent acceleration pursuant to Section 8.2(a) hereof, principal repayments on the Term B Loan shall be deferred for as long as interest payments on the Term B Loan are deferred pursuant to Section 2.1(b). Thereafter, and absent the occurrence of any such prior acceleration, the unpaid principal balance of the Term B Loan shall be payable in equal consecutive quarterly principal installments of not less than $225,000, which shall be due and payable on the last Business Day of each March, June, September and December, with the first payment being due and payable upon the first such date occurring after the termination of the deferral of interest payments pursuant to Section 2.1(b) hereof. Absent acceleration pursuant to Section 8.2(a) hereof, a final installment equal to all unpaid principal, interest, and capitalized interest shall be due and payable on March 31, 2007.

Term B Loan. The Borrower shall repay the outstanding principal amount of the Term B Loan in quarterly installments equal to 0.25% of the aggregate principal amount of such Term B Loans outstanding on the Closing Date, commencing on the last day of the first full fiscal quarter ending after the Closing Date and on each December 31, March 31, June 30 and September 30 thereafter with the remaining outstanding balance due and payable on the Maturity Date of the Term B Loan (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.06 and increases with respect to any increase to the Term B Loan pursuant to Section 2.16), unless accelerated sooner pursuant to Section 8.02.