The Tranche A Loans Sample Clauses

The Tranche A Loans. Subject to the terms and conditions set forth herein, each Tranche A Lender severally agrees to make revolving loans in Dollars (collectively, the “Tranche A Loans”) to the Borrower from time to time during the Tranche A Commitment Period in such Tranche A Lender’s Tranche A Percentage of such aggregate amounts as the Borrower may from time to time request under the Tranche A Loans; provided that (i) the aggregate amount of Tranche A Loans requested by the Borrower to be made on a Borrowing Date must be in a minimum of US$5,000,000 and integral multiples of US$1,000,000 in excess thereof and (ii) no Tranche A Lender shall be permitted or required to make any Tranche A Loan if after giving effect to such Tranche A Loans: (A) the principal amount under all Tranche A Loans outstanding would exceed an amount equal to (x) US$81,000,000 minus (y) the amount of all reductions of Tranche A Commitments made in accordance with Section 2.7; (B) there would be more than eight distinct Interest Periods applicable to Tranche A Loans; or (C) the outstanding Tranche A Loans of such Tranche A Lender would exceed its Tranche A Commitment. Subject to the foregoing and to Section 2.7, Tranche A Loans may be repaid and reborrowed from time to time.
Sample 1Sample 2
AutoNDA by SimpleDocs
The Tranche A Loans. 2.1. The Tranche A Loans.....................................................17 2.2. Making the Tranche A Loans..............................................18 2.3. Termination/Reduction of the Tranche A Loan Commitments.................20 2.4. Repayment of the Tranche A Loan.........................................21 2.5. Optional Prepayments of the Tranche A Loan..............................21 2.6. Limitation on use of Tranche A Loan Proceeds............................21
Sample 1
The Tranche A Loans. On the terms and subject to the conditions contained in this Agreement, each Bank severally agrees to make Tranche A Loans to the Borrower from time to time on any Business Day during the period from the Initial Funding Date until the Tranche A Loan Commitment Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Bank's name on Schedule I as its "Tranche A Loan Commitment" (as adjusted from time to time by reason of assignments in accordance with the provisions of Section 13.7 and as such amount may be reduced pursuant to Section 2.3, such Bank's "Tranche A Loan Commitment"); PROVIDED, HOWEVER, that, following the making of each such proposed Tranche A Loan, the aggregate amount of all Tranche A Loans, together with the aggregate face amount of Commercial Paper outstanding, shall not exceed the aggregate amount of the Tranche A Loan Commitments of the Banks at such time. Within the limits of each Bank's Tranche A Loan Commitment, amounts borrowed under this Section 2.1(a) and prepaid pursuant to Section 2.5 may be reborrowed under this Section 2.1(a).
Sample 1
The Tranche A Loans. The Lenders that have issued a Tranche A Commitment, severally in accordance with their respective Tranche A Commitment Ratios and not jointly, upon the terms and subject to the conditions of this Agreement, agree to lend to the Borrower, on and after the Agreement Date and on or prior to the Tranche A Commitment Termination Date, in multiple Advances, an aggregate amount not to exceed the Tranche A Commitment. After the Agreement Date, Advances under the Tranche A Commitment may be continued or converted pursuant to a Notice of Conversion/Continuation as provided in Section 2.2 hereof; provided, however, there shall be no increase in the aggregate principal amount outstanding under the Tranche A Commitment at any time after the Tranche A Commitment Termination Date. Amounts repaid under the Tranche A Commitment may not be reborrowed.
Sample 1
The Tranche A Loans. The Lenders listed on Schedule 1 as having issued a Tranche A Commitment agree, severally in accordance with their respective Tranche A Commitment Ratios and not jointly, upon the terms and subject to the conditions of this Agreement, to lend to the Borrower, on and after the Agreement Date and on or prior to March 31, 2002, in multiple Advances, an aggregate amount not to exceed (i) from the Agreement Date through the Revolving Loan Availability Date, the lesser of (A) the Borrowing Base Amount or (B) the Tranche A Commitment, and (ii) from and after the Revolving Loan Availability Date, (A) the Tranche A Commitment less (B) the aggregate amount of any Tranche A Loans advanced prior to the Revolving Loan Availability Date. After the Agreement Date, Advances under the Tranche A Commitment may be continued or converted pursuant to a Notice of Conversion/Continuation as provided in Section 2.2 hereof; provided, however, there shall be no increase in the aggregate principal amount outstanding under the Tranche A Commitment at any time after March 31, 2002. Amounts repaid under the Tranche A Commitment may not be reborrowed. If at any time prior to the Revolving Loan Availability Date, the aggregate principal amount of the Tranche A Loans outstanding exceeds the Maximum Borrowing Base Amount, such Tranche A Loans shall nevertheless constitute Obligations that are secured by the Collateral and are entitled to all benefits thereof.
Sample 1
The Tranche A Loans. Commencing on June 30, 2002, and at the end of each calendar quarter thereafter, the outstanding principal balance of the Tranche A Loan then outstanding shall be repaid by an amount equal to the percentage (for such quarter and year) set forth below: Annual Percentage of Tranche A Percentage of Tranche A Loans Loans Outstanding as of June 30, Outstanding as of June 30, 2002 2002 to be Reduced Each Period Quarters Ending to be Reduced Each Quarter: Ending December 31: --------------- --------------------------- ------------------- June 30, 2002 through and 4.00% 12.00% including December 31, 2002 March 31, 2003 through and 5.75% 23.00% including December 31, 2003 March 31, 2004 through and 7.50% 30.00% including December 31, 2004 March 31, 2005 through and 8.75% 35.00% including Initial Maturity Date Additionally, the Tranche A Loans shall be repaid as may be required by Section 2.7 hereof. Any unpaid principal and interest of the Tranche A Loans and any other outstanding Obligations under the Tranche A Commitment shall be due and payable in full on the Initial Maturity Date.
Sample 1

Related to The Tranche A Loans

  • Loan Advances During the Revolving Period, the Borrower may, at its option, request the Revolving Lenders to make advances of funds (each, a “Loan Advance”) by delivering a Funding Notice with respect to such Loan Advance to the Administrative Agent, which shall provide notification to the Revolving Lenders with respect thereto, in an aggregate amount up to the Availability as of the proposed Funding Date of the Loan Advance; provided, however, that no Revolving Lender shall be obligated to make any Loan Advance on or after the date that is two (2) Business Days prior to the earlier to occur of the applicable Revolving Period End Date or the Termination Date. Following the receipt of a Funding Notice during the Revolving Period, subject to the terms and conditions hereinafter set forth, the Revolving Lenders shall fund such Loan Advance.

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

  • Revolving Credit Advances The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders on the Termination Date the aggregate outstanding principal amount of the Revolving Credit Advances then outstanding.

  • Amount of Borrowing Tranche Each Borrowing Tranche of Loans under the LIBOR Rate Option shall be in integral multiples of $500,000 and not less than $1,000,000; and

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Term Loan Advances Subject to Section 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate, plus three-quarters of one percent (0.75%), which interest shall be payable monthly in accordance with Section 2.1.2(b) above and Section 2.3(d) below.

  • The Revolving Credit Advances Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount (based in respect of any Revolving Credit Advances to be denominated in a Committed Currency by reference to the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) not to exceed at any time outstanding the Dollar amount set forth opposite such Lender’s name on Schedule I hereto, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 (such Lender’s “Commitment”), provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount (based in respect of any Competitive Bid Advance denominated in a Foreign Currency by reference to the Equivalent thereof in Dollars at such time) of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a “Competitive Bid Reduction”). Each Revolving Credit Borrowing shall be in an amount not less than the Revolving Credit Borrowing Minimum or the Revolving Credit Borrowing Multiple in excess thereof (or, if less, an amount equal to the remaining aggregate amount of unused Commitments or equal to the amount by which the aggregate amount of a proposed Competitive Bid Borrowing requested by the Borrower exceeds the aggregate amount of Competitive Bid Advances offered to be made by the Lenders and accepted by the Borrower in respect of such Competitive Bid Borrowing, if such Competitive Bid Borrowing is made on the same date as such Revolving Credit Borrowing) and shall consist of Revolving Credit Advances of the same Type and in the same currency made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 and, unless the Borrower has delivered a request pursuant to the provisions of Section 2.16(b), reborrow under this Section 2.01.

  • Revolver Advances (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender with a Revolver Commitment agrees (severally, not jointly or jointly and severally) to make revolving loans (“Advances”) to Borrower in an amount at any one time outstanding not to exceed the lesser of:

  • Revolving Advances Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrower in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit or (y) an amount equal to the sum of:

Time is Money Join Law Insider Premium to draft better contracts faster.