Tranche B Commitments Clause Samples

Tranche B Commitments. Subject to the terms and conditions set forth herein, each Tranche B Lender agrees (i) to make Tranche B Revolving Loans denominated in US Dollars, Sterling and Euro to the Tranche B Borrowers other than the Canadian Borrowing Subsidiaries, (ii) to make Tranche B Revolving Loans denominated in US Dollars and Canadian Dollars to the Canadian Borrowing Subsidiaries and (iii) to accept and purchase drafts drawn by Canadian Borrowing Subsidiaries in Canadian Dollars as BAs, in each case from time to time during the Availability Period in an aggregate principal or face amount at any time outstanding that will not result in (A) the aggregate Tranche B Revolving Credit Exposures exceeding the aggregate Tranche B Commitments or (B) the Tranche B Revolving Credit Exposure of any Lender exceeding its Tranche B Commitment. Within the foregoing limits and subject to the terms and conditions set forth herein, the Tranche B Borrowers may borrow, prepay and reborrow Tranche B Revolving Loans and issue and sell drafts drawn as BAs.

Tranche B Commitments. From and including the Closing Date and prior to the Termination Date, each Tranche B Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Tranche B Loans to any Borrower in Agreed Currencies from time to time in a principal amount not to exceed in the aggregate at any one time outstanding for all of the Borrowers the Dollar Amount of its Tranche B Commitment; provided that (a) all Tranche B Loans that are Base Rate Loans or Same Day Dollar Loans shall be made in Dollars, (b) the Dollar Amount of the outstanding principal of Tranche B Loans and Swing Loans shall not at any time exceed the Total Tranche B Commitment and (c) the Total Exposure of such Tranche B Lender shall not exceed the Dollar Amount of such Tranche B Lender’s Tranche B Commitment. Subject to the terms of this Agreement, any Borrower may borrow, repay and reborrow Tranche B Loans at any time prior to the Termination Date. The Tranche B Commitments shall expire on the Termination Date.

Tranche B Commitments. Any part of the Tranche B Commitments not utilised under this agreement before the expiry of the Tranche B Availability Period will be cancelled automatically on the expiry of the Tranche B Availability Period.

Tranche B Commitments. Subject to the terms and conditions of this Agreement, the Canadian Lender agrees to make Canadian Advances to the Company or a Multicurrency Subsidiary Borrower from time to time from the Effective Date until the Termination Date on any Business Day up to an aggregate principal amount outstanding at any one time which may not exceed the Dollar Amount of US$5,000,000 ("Canadian Dollar Limit").

Tranche B Commitments. Subject to the terms and conditions set forth herein, each Tranche B Lender agrees to make Tranche B Revolving Loans denominated in U.S. Dollars or in any Committed Alternative Currency to any Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Tranche B Lender’s Tranche B Revolving Credit Exposure exceeding such Tranche B Lender’s Tranche B Commitment or (ii) the sum of the total Tranche B Revolving Credit Exposures plus the aggregate principal amount of outstanding Tranche B Competitive Loans exceeding the total Tranche B Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, a Borrower may borrow, prepay and reborrow Tranche B Revolving Loans.

Tranche B Commitments. Subject to the terms and conditions of this Agreement, each Lender severally agrees to make one or more Tranche B Advances to the Borrower from time to time from the date hereof to but not excluding the Tranche B Termination Date in an aggregate principal amount at any time outstanding up to but not exceeding the amount of such Lender's Tranche B Commitment as then in effect, provided that (a) the aggregate amount of all Tranche B Advances at any time outstanding shall not exceed the sum of (i) the lesser of (x) the Tranche B Commitments or (y) the Borrowing Base minus the sum of the outstanding Swing Loan Advances, the Revolving Credit Loan Advances, and the Letter of Credit Liabilities, minus (ii) the outstanding Tranche B Advances, and (b) the sum of the outstanding Revolving Credit Loan Advances, Swing Loan Advances and Letter of Credit Liabilities is not less than the lesser of (i) the Revolving Credit Commitments or (ii) the Borrowing Base minus the outstanding Tranche B Loans. Subject to the foregoing limitations, and the other terms and provisions of this Agreement, the Borrower may borrow, repay and reborrow hereunder the amount of the Tranche B Commitments by means of Base Rate Advances and Eurodollar Advances and, until the Tranche B Termination Date, the Borrower may Convert Tranche B Advances of one Type into Tranche B Advances of another Type. Tranche B Advances of each Type made by each Lender shall be made and maintained at such Lender's Applicable Lending Office for Advances of such Type.

Tranche B Commitments. On and subject to the terms and conditions of this Reimbursement and Pledge Agreement, (a) each of the Tranche B Lenders, severally and for, itself alone, agrees to make Loans in Dollars to the Parent on a revolving basis from time to time before the Tranche B Commitment Termination Date in such Tranche B Lender’s Tranche B Commitment Percentage of such aggregate amounts, as the Parent may from time to time request, provided, however, that after giving effect to the requested Loan the aggregate principal amount of all Loans shall not exceed the Loan Sublimit, (b) each Issuing Bank agrees to issue, extend and renew for the account of Mont Re one or more standby letters of credit (a “Tranche B Letter of Credit”) from time to time before the Tranche B Commitment Termination Date and (c) as more fully set forth in §2.2 each Tranche B Lender agrees to purchase a participation in each such Tranche B Letter of Credit, provided however, that after giving effect to any Credit Extension pursuant to this §2.1.2, (i) the sum of the Total Outstandings shall not exceed the Total Commitment, (ii) the sum of the Tranche B Outstanding Amount shall not exceed the Total Tranche B Commitment and (iii) the Total Outstandings shall not exceed the Collateral Coverage Amount. The Borrowers, the Issuing Banks and the Lenders agree that the Existing Letters of Credit listed on Schedule 2.1.2 shall be Tranche B Letters of Credit hereunder.

Tranche B Commitments. Each DIP Lender having a Tranche B Commitment severally and not jointly with the other such DIP Lenders agrees, upon the terms and subject to the conditions herein set forth (including, without limitation, the provisions of Sections 2.28 and 4.03), to make revolving credit loans (each a "TRANCHE B LOAN" and collectively, the "TRANCHE B LOANS") to the Borrower at any time and from time to time during the period commencing on the Amendment No. 4 Effective Date and ending on the Tranche B Termination Date (or the earlier date of termination of the Tranche B Total Commitment), in an aggregate principal amount not to exceed the Tranche B Commitment of such DIP Lender, which Tranche B Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the then outstanding aggregate principal amount of the Tranche B Loans exceed the Tranche B Total Commitment of $5,000,000.00, as the same may be reduced from time to time pursuant to Sections 2.10 or 2.14."; and

Tranche B Commitments. Subject to the terms and conditions set forth herein, each Tranche B Lender severally (and not jointly) agrees to make loans to the Borrower from time to time during the period from the Effective Date through the Business Day immediately preceding the Tranche B Commitment Termination Date, provided that immediately after giving effect thereto (i) the Senior Debt Asset Coverage would not be less than 3.00:1.00, (ii) the Adjusted Senior Debt Asset Coverage would not be less than 2.50:1.00, (iii) the aggregate outstanding principal balance of all Tranche B Loans made by such Tranche B Lender would not exceed its Tranche B Commitment, (iv) the Aggregate Temporary Loan Balance would not exceed the Aggregate Tranche B Commitments, and (v) the Aggregate Loan Balance would not exceed the Borrowing Base. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Tranche B Loans.