Term Loan B Commitment. As to each Term Loan B Lender, the amount equal to such Term Loan B Lender’s Term Loan B Commitment Percentage of the aggregate principal amount of the Term Loans B from time to time Outstanding to the Borrower.
Term Loan B Commitment. Each Lender agrees to make a loan to the Borrowers (each such loan, a "Term Loan B"), on the terms and conditions herein set forth, on the Krane Earnout Payment Date in such Lender's Pro Rata Sharx xx $2,000,000 (the "Term Loan B Maximum Amount"). The commitments of the Lenders to make Term Loans B shall expire concurrently on the earlier to occur of (i) the making or disbursement of the Term Loans B in accordance with the terms hereof and (ii) May 31, 2001. Term Loans B that are subsequently repaid or prepaid may not be reborrowed.
Term Loan B Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of Borrowers set forth herein and in the other Loan Documents, Lender (through its Mezzanine Finance Group) agrees to make a term loan (“Term Loan B”) equal to the Term Loan B Commitment. Term Loan B shall be available to Borrowers in a single principal advance on such date as the conditions set forth in Section 3 shall have been satisfied. Term Loan B shall be used by Borrowers for capital expenditures and other general corporate, limited liability company and partnership purposes. Term Loan B may be prepaid in whole or in part at any time subject to Sections 2.3(d) and (e), but shall be due in full on the Term Loan B Maturity Date, unless the credit extended under Term Loan B is otherwise accelerated, terminated or extended as provided in this Agreement.
Term Loan B Commitment. The Lenders who have issued a Term Loan B Commitment 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 the Agreement Date an amount not to exceed $150,000,000. The Lenders who issued a "Term Loan 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 under the "Term Loan 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 Term Loan B Commitment hereunder and shall constitute a portion of the Obligations. Subject to the terms and conditions hereof, Advances under the Term Loan B Commitment may be repaid and reborrowed to effect a change in the Interest Rate Basis or Interest Periods relating thereto; provided, however, that there shall be no increase in the principal amount outstanding under the Term Loan B Commitment.
Term Loan B Commitment. The Applicable Margin for any Advance under the Term Loan B Commitment shall be, (A) from the Agreement Date through and including the earlier to occur of (1) the Go-Positive Date and (2) the third (3rd) anniversary of the Agreement Date, (a) for Base Rate Advances, three and one-half of one percent (3.500%), and (b) for Eurodollar Advances, four and one-half of one percent (4.500%), and (B) at all times after the earlier to occur of (1) the Go- Positive Date or (2) the third (3rd) anniversary of the Agreement Date, (a) for Base Rate Advances, two and three-quarters of one percent (2.750%), and (b) for Eurodollar Advances, three and three-quarters of one percent (3.750%).
Term Loan B Commitment. The Term Loan B Commitment is hereby terminated and no longer available for borrowing.
Term Loan B Commitment. Each Bank agrees to make a term loan to the Loan Parties (each such loan, a “Term Loan B “) on the later of April 17, 2001 or such date as all preconditions to the making of such Term Loan B have been satisfied to the sole satisfaction of the Agent, in such Bank’s Pro Rata Share of One Million Dollars ($1,000,000) (the “Term Loan B Commitment’). The commitments of the Banks to make Term Loan B shall expire concurrently with the making of Term Loan B. Notwithstanding any provision of this Agreement or any of the Loan Documents, the Loan Parties shall have no right to pre-pay any portion of the principal amount of Term Loan B without the consent of all of the Banks.
Term Loan B Commitment. Subject to the terms and conditions hereof, each Lender severally agrees to make, on or prior to the Term Loan B Commitment Termination Date, Term Loans B to Company in an aggregate amount not to exceed such Lender’s Pro Rata Share of the Term Loan B Commitments. Company may make one borrowing under the Term Loan B Commitment on the Closing Date in an aggregate amount not to exceed $175,000,000. In addition, on or after the Closing Date and on or prior to the Term Loan B Commitment Termination Date, Company may make up to two additional borrowings under the Term Loan B Commitment (such additional Term Loan B, “Delayed Draw Term Loans”) in an aggregate amount not to exceed $225,000,000. Any amounts borrowed under this Section 2.1 (a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.12, 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loan B shall be paid in full no later than the Term Loan B Maturity Date. Each Lender’s Term Loan B Commitment shall terminate immediately and without further action upon the full funding of such Lender’s Term Loan B Commitment.
Term Loan B Commitment. In reliance upon the representations and warranties of Borrower set forth herein and in the other Loan Documents, the Bank has advanced a Term Loan B equal to the Term Loan B Commitment. Term Loan B shall be used by Borrower to refinance existing indebtedness. Term Loan B may be prepaid in whole or in part at any time without penalty, but shall be due in full on the Maturity Date, unless the credit extended under the Term Loan B is otherwise accelerated, terminated or extended as provided in this Agreement.
Term Loan B Commitment. Subject to the terms and conditions of this Agreement, Bank agrees to make a term loan to Borrower in a principal amount up to but not exceeding the amount of the Term Loan B Commitment in a single advance on or about the date hereof. If Borrower pays or prepays any portion of Term Loan B under this Agreement, that portion may not be reborrowed. However, portions of the outstanding Obligations under Term Loan B may be designated as different types of borrowings from time to time subject to the provisions set forth in Term Note B.
