Tranche B Commitment. Upon and subject to the terms and conditions hereof, (i) (w) the Fronting Bank hereby agrees to issue Tranche B Letters of Credit at the request of and for the account of Max Re from time to time before the Tranche B Commitment Termination Date, (x) each Issuer hereby agrees to issue Letters of Credit at the request of and for the account of Max Re from time to time before the Tranche B Commitment Termination Date in such Issuer’s Percentage of such aggregate stated amounts of Tranche B Letters of Credit as Max Re may from time to time request, (y) each Lender hereby agrees to purchase Risk Participations in the obligations of the Fronting Bank under Tranche B Letters of Credit Issued by the Fronting Bank, and (z) with respect to Letters of Credit Issued by the Issuers severally based on their respective Percentages, the Fronting Bank shall be severally (and not jointly) liable for an amount equal to its Percentage plus each Participating Bank’s Percentage and each Participating Bank hereby agrees to purchase Risk Participations in the obligations of the Fronting Bank under any such Tranche B Letter of Credit in an amount equal to such Participating Bank’s Percentage, and (ii) each Lender severally agrees to make loans (each such loan a “Loan”) to the Borrowers from time to time, on any Business Day from the Effective Date through the Tranche B Commitment Termination Date in an amount equal to such Lender’s Percentage of the requested Loan; provided that no Lender shall be obligated to issue any Tranche B Credit Extension if, after giving effect to such Tranche B Credit Extension, (A) the Tranche B Obligations would exceed the combined Tranche B Commitments, (B) the aggregate principal amount of the Loans to the Parent would exceed the Parent Loan Sublimit, (C) the Tranche B Obligations of any Lender would exceed such Lender’s Tranche B Commitment, or (D) the conditions in Section 2.3(b) are not met. Within the foregoing limits, and subject to the terms and conditions hereof, the Borrowers may borrow under Section 2.2(a), prepay under Section 2.11(b) and reborrow under Section 2.2(a).
Tranche B Commitment. Subject to the terms and conditions hereof, the Lender agrees to make a term loan (the “Tranche B Loan”) to the Borrower on the Closing Date in an amount not to exceed the amount of the Tranche B Commitment. The Tranche B Loan may from time to time be Eurodollar Loans or, solely in the circumstances specified in Section 2.10(e) and Section 2.12
Tranche B Commitment. (a) Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Tranche B Lender severally, and not jointly, agrees to make a Tranche B Loan available to the Borrower in Dollars in an aggregate principal amount not to exceed such Tranche B Lender’s Tranche B Commitment on the Third Amendment Effective Date in accordance with this Appendix 2; provided, however, (i) with regard to each Tranche B Lender individually, the aggregate principal amount of such Tranche B Lender’s outstanding Tranche B Loans shall not at any time exceed such Lender’s Tranche B Commitment, which is set forth in Schedule I-B attached hereto, and (ii) with regard to the Tranche B Lenders collectively, the sum of the aggregate principal amount of Tranche B Loans made hereunder shall not at any time exceed the Tranche B Commitment for all Tranche B Lenders. The failure of any Tranche B Lender to make any Tranche B Loan shall not in itself relieve any other Tranche B Lender of its obligation to lend hereunder (it being understood, however, that no Tranche B Lender shall be responsible for the failure of any other Tranche B Lender to make any Tranche B Loan required to be made by such other Tranche B Lender). Amounts repaid or prepaid on any Tranche B Loans may not be reborrowed.
Tranche B Commitment. Subject to the terms and conditions of this Agreement, each Lender agrees (severally, not jointly or jointly and severally) to make, from time to time prior to the Availability Termination Date, a series of term loans to Borrowers (each, a "Tranche B Advance" and collectively the "Tranche B Advances") in an aggregate amount at any one time outstanding not to exceed such Lender's Pro Rata Share of the Tranche B Commitment. Each
Tranche B Commitment. An amount equal to the difference between US -------------------- * and the Outstanding Amount of Tranche C Loans as the same may be reduced from time to time; or if such commitment is terminated pursuant to the provisions hereof, zero.
Tranche B Commitment. On and subject to the terms and conditions of this Agreement, (a) each of the Revolving Lenders, severally and for itself alone, agrees to make loans to Telegraph on a revolving basis (the “Tranche B Loans”) from time to time before the Revolving Commitment Termination Date in such Revolving Lender’s Revolving Percentage of such aggregate amounts as Telegraph may from time to time request from all Revolving Lenders under the aggregate Tranche B Commitments, provided that (i) the aggregate principal amount of all Tranche B Loans which all Revolving Lenders shall have outstanding at any one time shall not exceed an amount equal to (A) the aggregate amount of the Tranche B Commitments minus (B) the Stated Amount of all outstanding Tranche B Letters of Credit and (ii) the making of such Loans shall be subject to the limitations contained in Section 2.2(c); and (b) the Issuing Bank agrees to issue Letters of Credit at the request and for the account of Telegraph (the “Tranche B Letters of Credit”) from time to time before the Revolving Commitment Termination Date and, as more fully set forth in Section 2.7, each Revolving Lender agrees to purchase a participation in each such Tranche B Letter of Credit, provided that (i) the aggregate Stated Amount of all Tranche B Letters of Credit shall not at any time exceed the lesser of (A) the Dollar Equivalent of $25,000,000 or (B) an amount equal to (x) the aggregate amount of all Tranche B Commitments minus (y) the aggregate principal amount of all outstanding Tranche B Loans and (ii) the issuance of such Letters of Credit shall be subject to the limitations contained in Section 2.2(e).
Tranche B Commitment. Subject to the terms and conditions of this Loan Agreement, Lenders agree to advance to Borrowers (the “Tranche B Advances”, and together with the Tranche A Advances, the “Advances”), jointly and severally, from time to time on or prior to October 31, 2008, one or more term loans in an aggregate principal amount of up to Ten Million Dollars ($10,000,000) (the “Tranche B Commitment”).
Tranche B Commitment. On the Effective Date, the Lender will make the Tranche B Loan to the Borrower in an amount equal to the aggregate amount of the Tranche B Loan requested by the Borrower to be made on such day in the applicable Borrowing Request therefor. On the terms and subject to the conditions of this Agreement, the Borrower may from time to time prepay or repay Tranche B Loans, but may not reborrow any amounts paid or prepaid.
Tranche B Commitment. Subject to the terms and conditions set forth in this Credit Agreement, each of the Tranche B Banks severally agrees to lend to the Borrower, and the Borrower may borrow, repay, and reborrow from time to time (except as otherwise provided below) from the Closing Date up to but not including the Tranche B Maturity Date, upon notice by the Borrower to the Agent given in accordance with Section 2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's Tranche B Commitment then in effect, provided that (i) the sum of the outstanding amount of the Tranche B Loans (after giving effect to all amounts requested) shall not at any time exceed the Tranche B Total Commitment then in effect and (ii) the sum of the outstanding Tranche A Loans and the outstanding Tranche B Loans (after giving effect to all amounts requested) shall not at any time exceed ninety-five percent (95%) of the Eligible Consumer Loan Amount. Notwithstanding anything herein to the contrary, the Borrower acknowledges, confirms and agrees that it shall not be entitled to receive, nor shall any Bank be required to make, any Tranche B Loan if and to the extent that: (i) the Borrower has failed to substantially adhere to the Business Plan, including the Senior Lender Advance Schedule, as determined by the Required Banks in their sole and absolute discretion; or (ii) the most recent Weekly Flash Report delivered to the Banks in accordance with Section 7.4(n), indicates that the Borrower has in excess of five million dollars ($5,000,000) in Available Cash on Hand. Other than the initial Tranche B Loans to be made on the Closing Date, the Borrower may not borrow or reborrow any Tranche B Loans prior to the repayment in full of all of the Tranche A Loans and the cancellation, or permanent reduction to zero, of the Tranche A Total Commitment. Notwithstanding anything to the contrary set forth herein, the Borrower may not reborrow any Tranche B Loans made by Liberty Bank or its successors and assigns. The Tranche B Loans shall be made pro rata in accordance with each Bank's Tranche B Commitment Percentage. Each request for a Tranche B Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in Section 10 and Section 11, in the case of the initial Tranche B Loan to be made on the Closing Date, and Section 11, in the case of all othe...
Tranche B Commitment. (a) Tranche B Commitment. From time to time prior to the Tranche B Termination Date, subject to the provisions below, each Tranche B Lender severally agrees to make Tranche B Advances to Borrowers up to such Tranche B Lender's Maximum Tranche B Principal Amount as set forth on Schedule 2 attached hereto, and borrowers may repay at the offices of Agent and reborrow under the Tranche B Commitment, up to an aggregate principal amount not to exceed at any time outstanding the amount of the Tranche B Commitment as from time to time in effect. The obligations of the Borrowers hereunder are and shall be joint and several. Each of the Borrowers hereby irrevocably authorizes and requests that the Company execute all Tranche B Advance Request Forms, make all elections as to interest rates and take any other actions required or permitted of Borrowers hereunder, on its respective behalf, in each case with the same force and effect as if such Borrower had executed such Tranche B Advance Request form, made such election or taken such other action itself.