Common use of Tranche B Commitment Clause in Contracts

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. 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 the U.K. Borrower on a revolving basis (the “"Tranche B Loans”") from time to time before the Revolving Commitment Termination Date in such Revolving Lender’s Revolving 's Percentage of such aggregate amounts as Telegraph the U.K. Borrower may from time to time request from all Revolving Lenders under the aggregate Tranche B CommitmentsCommitment (or such other amount that is determined in accordance with the provisions of Section 4.1), provided that (i) the aggregate principal amount of all Tranche B Loans which all Revolving Lenders shall be committed to have outstanding at any one time shall not exceed an amount equal to (Ai) the lesser of (x) the aggregate amount of the Tranche B Commitments and (y) an amount which would not cause the U.K. Leverage Ratio to exceed 4.0:1.0 when tested on an incurrence basis minus (Bii) 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)Credit; and (b) the Issuing Bank agrees to issue Letters of Credit at the request and for the account of Telegraph the U.K. Borrower (the “"Tranche B Letters of Credit”") from time to time before the Revolving Commitment Termination Date and, as more fully set forth in Section 2.72.6, 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 (Ai) the Dollar Equivalent of $25,000,000 15,000,000 or (Bii) an amount equal to (A) the lesser of (x) the aggregate amount of all Tranche B Commitments and (y) an amount which would not cause the U.K. Leverage Ratio to exceed 4.0:1.0 when tested on an incurrence basis minus (yB) 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)Loans.