The Tranche B Loans. (a) Subject to the terms and conditions set forth herein, each Tranche B Lender severally (and not jointly) agrees to make a single loan to the Borrower on the Effective Date in Dollars in an amount not to exceed such Lender’s Tranche B Commitment. Amounts borrowed in respect of the Tranche B Loans and repaid or prepaid may not be reborrowed. The Tranche B Loans shall be subject to the provisions, including any provisions regarding the obligations of the Loan Parties in respect thereof and any provisions regarding the rights of the Tranche B Lenders, under this Agreement and the other Loan Documents. Interest will begin accruing on the Tranche B Loans on the Effective Date. Upon the making of any Tranche B Loans by a Tranche B Lender, such Tranche B Lender’s Tranche B Commitment shall be permanently reduced to zero.
The Tranche B Loans. Subject to the terms and conditions set forth herein, each Tranche B Lender severally agrees to make a term loan in Dollars (its “Tranche B Loan”) to the Borrower on any one Business Day (the “Tranche B Borrowing Date”) during the Tranche B Commitment Period in an aggregate principal amount outstanding not to exceed the Tranche B Commitment of such Tranche B Lender and, as to all Tranche B Lenders, in an aggregate principal amount not to exceed US$30,000,000. The Tranche B Loans may not have at any time more than three distinct Interest Periods. Any amounts not borrowed on the Tranche B Borrowing Date with respect to the Tranche B Loans may not be borrowed thereafter and any available amounts not requested to be borrowed under the Tranche B Loans prior to the termination of the Tranche B Commitment Period shall result in the pro rata irrevocable termination of an equivalent amount of the Tranche B Commitments on the earlier of (i) the date on which the Administrative Agent receives the Notice of Borrowing/Continuation with respect to the Tranche B Loans or (ii) the termination of the Tranche B Commitment Period.
The Tranche B Loans. On the terms and subject to the conditions contained in this Agreement, each Bank severally agrees to make a Tranche B Loan to the Borrower on the Initial Funding Date in an amount not to exceed the amount set forth opposite such Bank's name on Schedule I as its "Tranche B Loan Commitment" (as adjusted from time to time by reason of assignments in accordance with the provisions of Section 13.7 as such amount may be reduced pursuant to Section 3.3, such Bank's "Tranche B Loan Commitment").
The Tranche B Loans. Each Tranche B Bank severally and not jointly agrees, on the terms and conditions hereinafter set forth, to make Tranche B Loans from time to time on any Business Day during the period from the date hereof until the Termination Date, in an aggregate amount (converted, if such Loan is made in a currency other than Dollars, to the Dollar Equivalent thereof) not to exceed at any time outstanding the Dollar amount of (i) such Bank's Tranche B Pro Rata Share of the Tranche B Commitment and (ii) in the case of Singapore Loans, such Tranche B Bank's Singapore Sub-Commitment. Tranche B Loans shall be made by each Tranche B Bank through the Tranche B Lending Office of such Tranche B Bank which is located in the Applicable Asian Country where the proceeds of such Tranche B Borrowing are to be made available (each an "Applicable Tranche B Lending Office"). The designation and use of any Applicable Tranche B Lending Office hereunder shall not affect the rights and obligations of any Bank under this Agreement. Each Tranche B Borrowing shall consist of Tranche B Loans comprised of Eurocurrency Rate Loans denominated in a single Available Asian Currency, in an aggregate amount equal to an integral multiple of 100,000 units in such Available Asian Currency and (converted to the Dollar Equivalent thereof) equal to or greater than $5,000,000, and shall be made on the same day to the same Asian Borrower by each Tranche B Bank (through its Applicable Tranche B Lending Office), ratably in accordance with their respective Applicable Tranche B Pro Rata Shares; provided, that in the case of any such Tranche B Borrowing, the proceeds of which shall be used to repay a then maturing Tranche B Borrowing denominated in the same Available Asian Currency, such new Tranche B Borrowing may, subject to the terms and conditions otherwise set forth herein, be in an aggregate principal amount equal to the aggregate principal amount of such maturing Tranche B Borrowing. Within the limits of the Tranche B Commitment (and the Singapore Sub-Commitment) and subject to the terms of this Agreement, the Asian Borrowers may borrow, prepay pursuant to Section 3.06 and reborrow under this Section 3.01. For the purposes of determining compliance with this Section 3.01, the Dollar Equivalent of all non-Dollar denominated Tranche B Loans outstanding at any time shall be determined, in accordance with Section 3.02, by the Tranche B Agent immediately prior to the issuance by the Company (on behalf of itself ...
The Tranche B Loans. The Lenders listed on Schedule 1 as having agreed to make Tranche B Loans shall, severally and in accordance with their respective Tranche B Commitment Ratios and not jointly, upon the terms and subject to the conditions of this Agreement, lend to the Borrower on the Agreement Date, an amount equal to the Tranche B Commitment. After the Agreement Date, Advances under the Tranche B 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 of the Tranche B Loans outstanding at any time after the Agreement Date. Amounts repaid under the Tranche B Commitment may not be reborrowed.
The Tranche B Loans. (a) Subject to the terms and conditions of this Agreement, including satisfaction of the conditions set forth in Section 3.1, on the Closing Date, each Lender, to severally and not jointly, agrees to advance the Initial Tranche B Advance on a pro rata basis in accordance with its Tranche B Loan Commitment. On the Closing Date, the Borrower shall execute and deliver to each Lender a Tranche B Note to evidence the Tranche B Loan made by such Lender to the Borrower hereunder.
