Term Loan B Facility Sample Clauses

Term Loan B Facility. The final maturity of the Term Loan B Facility will occur on the 42-month anniversary of the Closing Date (the “Term Loan B Maturity Date”).
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Term Loan B Facility. Each Term Loan B Lender severally, but not jointly, agrees to lend to Borrower in a single Borrowing on the Initial Borrowing Date such Term Loan B Lender's Commitment Percentage of the Term Loan B Commitment. If all or any portion of the Term Loan B Principal Debt is paid or prepaid, then the amount so repaid may not be reborrowed.
Term Loan B Facility. Subject to and in reliance upon the terms, conditions, representations, and warranties in the Loan Documents, each Term Loan B Lender severally, but not jointly, agrees to lend to Borrower in a single Borrowing on the Closing Date an amount up to such Lender's Commitment Percentage of the Term Loan B Commitment. If all or a portion of the Term Loan B Principal Debt is paid or prepaid, then the amount so paid or prepaid may not be reborrowed.
Term Loan B Facility. Each Lender, severally and not jointly, agrees to lend to Borrower, in a single advance on the Amendment Date, its Pro Rata Share of the Term Loan B Commitment; provided all conditions precedent set forth in Subsections 7.1 and 7.2 are satisfied or waived by Administrative Agent as provided herein. Amounts borrowed under this Subsection 1.1(B) that are repaid or prepaid may not be reborrowed.
Term Loan B Facility. Each Lender, severally and not jointly, agrees to lend to Borrower its Pro Rata Share of the Term Loan B Commitment, as follows: (i) on the Effective Date, its Pro Rata Share (as set forth on Schedule 1.1(A) hereto) of a single advance in a principal amount equal to One Hundred Seventy Million Dollars ($170,000,000), or such lesser amount as may be requested by Borrower, and (ii) from time to time during the Term Loan B Availability Period, its Pro Rata Share (as set forth on Schedule 1.1(B) hereto) of one or more additional advances (each such advance, a “Delayed Draw Advance”) in an aggregate principal amount for all Delayed Draw Advances not to exceed the remaining Twenty Million Dollars ($20,000,000) (the “Delayed Draw Amount”) of the Term Loan B Commitment; provided, for each advance under clauses (i) and (ii) of this Subsection 1.1(B), all conditions precedent set forth in Subsections 7.1 and 7.2 and, with respect to advances under clause (ii) of this Subsection 1.1(B) only, 7.3, are satisfied or waived as provided herein; and provided, further, that each Delayed Draw Advance shall be in a minimum principal amount of $5,000,000. Amounts borrowed under this Subsection 1.1(B) that are repaid or prepaid may not be reborrowed. On the Term Loan A Maturity Date, the Term Loan B Commitment will be increased by Forty Million Dollars ($40,000,000), the Term Loan A will be converted to a Term Loan B borrowing, and the Term Loan A Commitment shall terminate and neither CoBank nor any other Lender shall have any further obligation to make or maintain Loans under the Term Loan A Commitment. As a result of the Term Loan A, which is lent to Borrower solely by CoBank, being converted to a Term Loan B borrowing on the Term Loan A Maturity Date, for the period prior to the Term Loan A Maturity Date, each Lender’s Pro Rata Share of the Term Loan B Commitment shall be as set forth on Schedule 1.1(A) hereto, and for the period commencing on the Term Loan A Maturity Date and terminating on the Term Loan B Maturity Date, each Lender’s Pro Rata Share of the Term Loan B Commitment shall be as set forth on Schedule 1.1(B) hereto.
Term Loan B Facility. On the Effective Date, each Term Loan-B Lender severally agrees, on the terms and conditions set forth in this Agreement, to make a Term Loan-B (which must be denominated in Dollars) to the Company in an aggregate Dollar Amount up to but not exceeding the amount of such Lender's Term Loan-B Commitment. The Term Loan-B Commitments are not revolving in nature, and amounts repaid or prepaid pursuant to Section 2.03 or 2.08 shall not be reborrowed.
Term Loan B Facility. The Term Loan B under the Term Loan B Facility will be made to Borrower in the amount of One Million Dollars ($1,000,000) on the Effective Date. The principal of Term Loan B shall be payable in seventeen (17) consecutive equal monthly installments of Fifty-Five Thousand Five Hundred Fifty-Five Dollars ($55,555) each, commencing on the first day of July, 1997, and thereafter on the first day of each calendar month, with the last payment of principal being in the amount of Fifty-Five Thousand Five Hundred Sixty-Five Dollars ($55,565); PROVIDED, HOWEVER, that notwithstanding the foregoing amortization schedule for Term Loan B, upon the effective date of any termination of this Agreement pursuant to SECTION 11 and/or SECTION 13 hereof, all amounts outstanding under Term Loan B shall become immediately due and payable without notice or demand. No repayment or prepayment of Term Loan B shall be any reason for any relending or additional lending of Term Loan B proceeds to Borrower. At Bank's option, the principal of Term Loan B shall be payable in accordance with the payment terms set forth in this SECTION 2.5 by charging or increasing the Revolving Loan balance of Borrower. The Term Loan B may be prepaid at any time by Borrower to Bank without penalty.
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Term Loan B Facility. Each Term Loan B Lender with a 2015 Incremental Term Loan B Commitment, severally and for itself alone, hereby agrees, on the terms and subject to the terms and conditions set forth in the First Incremental Amendment and in reliance upon the representations and warranties set forth in the First Incremental Amendment, to make a loan that shall be denominated in Dollars on the First Incremental Amendment Effective Date (each such loan, a “Term Loan B” and collectively, the “Term Loans B”) to Xxxxx-Xxxxxxxx in an aggregate principal amount equal to the Term Loan B Commitment of such Lender. Each Lender’s 2015 Incremental Term Loan B Commitment shall expire immediately and without further action on the First Incremental Amendment Effective Date, after giving effect to the Term Loans B made thereon. No amount of any Term Loan B which is repaid or prepaid by Xxxxx-Xxxxxxxx may be reborrowed hereunder.
Term Loan B Facility. (a) Term Loan B. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Term Loan B Lender severally agrees to make available to the Administrative Agent on the Closing Date such Term Loan B Lender’s Term Loan B Commitment Percentage of a term loan to the Dutch Borrower in Dollars (the “Term Loan B”) in the aggregate principal amount (for all Term Loan B Lenders) of ONE HUNDRED FORTY-FIVE MILLION DOLLARS ($145,000,000) (the “Term Loan B Committed Amount”) for the purposes set hereinafter set forth. The Term Loan B may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Dutch Borrower may request; provided, however, that on the Closing Date and for the three (3) Business Days following the Closing Date the Term Loan B shall bear interest at the Alternate Base Rate unless three (3) Business Days prior to the Closing Date the Dutch Borrower executes a funding indemnity letter in the form and substance satisfactory to the Administrative Agent. Amounts repaid or prepaid on the Term Loan B may not be reborrowed. LIBOR Rate Loans shall be made by each Term Loan B Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Term Loan B Facility. Each Lender, severally and not jointly, previously has lent to Borrower such Lender’s Pro Rata Share of the Term Loan B Commitment (as such Commitment has been reduced and repaid prior to the Amendment Date). Amounts borrowed under this Subsection 1.1(B) that are repaid or prepaid may not be reborrowed.
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