Tranche A. The Borrowers hereby agree to pay to the Issuing Lender an amount equal to any amount paid by the Issuing Lender under any Tranche A Letter of Credit, which amount shall be due and payable on demand given by the Issuing Lender to the Borrower Representative. In the event the Issuing Lender makes a payment pursuant to a request for draw presented under a Tranche A Letter of Credit and such payment is not promptly reimbursed by the Borrowers upon demand, the Issuing Lender shall give the Administrative Agent notice of the Borrowers’ failure to make such reimbursement and the Administrative Agent shall promptly notify each Tranche A Lender of the amount necessary to reimburse the Issuing Lender. Upon such notice from the Administrative Agent, each Tranche A Lender shall promptly reimburse the Issuing Lender for such Tranche A Lender’s Pro Rata Share of such amount, and such reimbursement shall be deemed for all purposes of this Agreement to be an Advance to the Borrowers transferred at the Borrowers’ request to the Issuing Lender. If such reimbursement is not made by any Tranche A Lender to the Issuing Lender on the same day on which the Administrative Agent notifies such Tranche A Lender to make reimbursement to the Issuing Lender hereunder, such Tranche A Lender shall pay interest on its Pro Rata Share thereof to the Issuing Lender at a rate per annum equal to the Federal Funds Rate. Each Borrower hereby unconditionally and irrevocably authorizes, empowers, and directs the Administrative Agent and the Tranche A Lenders to record and otherwise treat such reimbursements to the Issuing Lender as Reference Rate Advances under a Borrowing made under the Tranche A Facility at the request of the Borrowers to reimburse the Issuing Lender which have been transferred to the Issuing Lender at the Borrowers’ request.
Tranche A. Each Tranche A Lender severally agrees, on the terms and conditions hereinafter set forth, to make Tranche A Revolving Credit Advances denominated in Dollars or any Committed Currency to any Borrower (other than IFF Singapore) from time to time on any Business Day during the period from the Effective Date until the Termination Date applicable to such Lender in an 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 such Lender’s Unused Tranche A Commitment. Each Revolving Credit Borrowing under the Tranche A Facility shall be in an amount not less than the Revolving Credit Borrowing Minimum or the Revolving Credit Borrowing Multiple in excess thereof and shall consist of Tranche A 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 Tranche A Revolving Credit Commitments. Within the limits of each Lender’s Tranche A Revolving Credit Commitment, any Borrower may borrow under this Section 2.01(a)(i), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(a)(i).
Tranche A. Each Tranche A Swing Line Bank severally agrees, on the terms and conditions hereinafter set forth, to make Tranche A Swing Line Advances denominated in Dollars to any Borrower (other than IFF Singapore) from time to time on any Business Day during the period from the date hereof until the Termination Date applicable to the Tranche A Swing Line Bank (A) in an aggregate amount not to exceed at any time outstanding the Tranche A Swing Line Subfacility and (B) in an amount for each such Advance not to exceed an amount equal to the Unused Tranche A Commitments of the Tranche A Lenders on such Business Day. Each Tranche A Swing Line Borrowing shall be in an amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Base Rate Advances made on the same day by the Tranche A Swing Line Banks ratably according to their respective Tranche A Swing Line Commitments. Within the limits of the Tranche A Swing Line Subfacility and within the limits referred to in clause (B) above, the Borrowers may borrow under this Section 2.01(b)(i), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(b)(i).
Tranche A. Upon Utilisation of the Tranche A Loans all Existing Indebtedness will be repaid in full, and all Existing Security will be released.
Tranche A. Payments of principal of Tranche A shall commence on the first day of the first month immediately following the Initial Disbursement Date, and continue on the first day of each and every month thereafter. The monthly payment for Tranche A shall be made in 72 equal monthly payments in the amount of $2,730.00 monthly payments. Such payments shall fully amortize the Loan over seventy-two (72) months; provided, however, the entire remaining unpaid balance of principal shall be due and payable in full on August 1, 2022.
Tranche A. The Borrower may not deliver a Drawdown Notice if as a result of the proposed Advance more than one Tranche A Advance would be outstanding.
Tranche A. Each Tranche A Lender severally agrees, on the terms and conditions hereinafter set forth, to make Tranche A Revolving Credit Advances denominated in Dollars or any Committed Currency to any Borrower (other than IFF Spain) from time to time on any Business Day during the period from the Effective Date until the Termination Date applicable to such Lender in an 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 such Lender’s Unused Tranche A Commitment. Each Revolving Credit Borrowing under the Tranche A Facility shall be in an amount not less than the Revolving Credit Borrowing Minimum or the Revolving Credit Borrowing Multiple in excess thereof and shall consist of Tranche A 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 Tranche A Revolving Credit Commitments. Within the limits of each Lender’s Tranche A Revolving Credit Commitment, any Borrower (other than IFF Spain) may borrow under this Section 2.01(a)(i), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(a)(i).
Tranche A. The Borrower shall repay to the Administrative Agent for the ratable benefit of the Lenders the outstanding principal amount of each Tranche A Advance, together with any accrued interest thereon, on the Tranche A Maturity Date or such earlier date pursuant to Section 7.02 or Section 7.03.
Tranche A. Interest on the unpaid principal balance of Tranche A hereof shall accrue at the rate of 5.25% per annum, provided that in the event that the Security Event does not occur prior to the Security Deadline for any reason whatsoever, then notwithstanding anything contained herein, interest on the unpaid principal balance of Tranche A hereof shall be increased to accrue at the rate of 6.00% per annum at all times thereafter from the Security Deadline until the same becomes due and payable on the Maturity Date, or such earlier due date or such earlier date upon acceleration or by conversion or redemption in accordance with the terms hereof or of the other Agreements (subject to the Default Rate). The Company shall pay the interest accrued under Tranche A quarterly in arrears on the first business day of each consecutive calendar quarter (each an "Interest Payment Date") beginning on January 2, 2003. Subject to the terms of this Section 1, the Company shall have the right to satisfy such interest payment ("Tranche A Interest") in full in cash or in shares of Common Stock (or a combination thereof) at the Company's option. All holders of Notes must be treated equally (proportionate to their original principal amounts) with respect to the payment of interest.
Tranche A. Upon the date of the issuance or increase of a Tranche A Letter of Credit, the Issuing Lender shall be deemed to have sold to each other Tranche A Lender and each other Tranche A Lender shall have been deemed to have purchased from the Issuing Lender a participation in the related Tranche A Letter of Credit Obligations equal to such Lender’s Pro Rata Share at such date and such sale and purchase shall otherwise be in accordance with the terms of this Agreement. The Issuing Lender shall promptly notify each such participant Tranche A Lender by telephone, or facsimile of each Tranche A Letter of Credit issued, increased, or extended or converted and the actual dollar amount of such Tranche A Lender’s participation in such Letter of Credit.
