Tranche B Loan. To request the Borrowing of the Tranche B Loan, the Borrower shall notify the Administrative Agent of such request by telephone (x) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing and (y) in the case of an ABR Borrowing, not later than 12:00 noon, New York City time on the date of the proposed Borrowing. Such telephonic notice shall be irrevocable and shall be confirmed promptly by hand delivery, courier or telecopy to the Administrative Agent of a written Borrowing Request in a form reasonably acceptable to the Administrative Agent and signed by the Borrower. Such telephone and written Borrowing Request shall specify the following information in compliance with Section 2.01:
Tranche B Loan. (i) Subject to the terms and conditions of this Agreement and relying on the representations and warranties set forth herein, each Lender, severally and not jointly, agrees to provide its share of the Tranche B Loan to the Borrower on the Tranche B Loan Borrowing Date in Dollars in a principal amount equal to such Xxxxxx’s Tranche B Loan Commitment. No Lender shall have an obligation to make a Tranche B Loan in excess of such Xxxxxx’s Tranche B Loan Commitment.
Tranche B Loan. Lender agrees to make a term loan to Borrower on the Tranche B Closing Date in a principal amount equal to the Tranche B Loan Amount (the “Tranche B Loan”). After repayment, no Term Loan may be re-borrowed.
Tranche B Loan. 6.5 The Borrower shall on each Repayment Date that relates to all or part of the Tranche B Loan, repay to the Term Lenders such part of the Tranche B Loan as is required to be repaid by clause
Tranche B Loan. AEF agrees, upon the terms and subject to the conditions set forth herein and in the Conversion Commitment Letter, to convert (herein referred to as "CONVERSION") Tranche A Loans (in an aggregate amount not exceeding the Conversion Commitment Amount) into the Tranche B Loan by furnishing a Notice of Conversion to the Customer on or after the date of Launch (or Reflight, as the case may be), PROVIDED that (i) the Satellite is not destroyed or lost during the period extending from the instant when the Launch (or Reflight, as the case may be) occurs and the instant when the Satellite has separated from the Launch Vehicle and (ii) the Satellite does separate from the Launch Vehicle. Subject to Section 2.04, the Conversion shall be effective for the period commencing on the date of Launch (or Reflight, as the case may be) and terminating on the Maturity Date. The Tranche B Loan to the extent that it is repaid or prepaid may not be reborrowed.
Tranche B Loan. (a) Subject to and upon the terms and conditions contained herein, each Tranche B Lender agrees to make its Tranche B Loan to Canadian Borrower in US Dollars on the Closing Date. The aggregate of each Tranche B Lender’s Tranche B Loan is US$5,000,000.
Tranche B Loan. (i) Subject to Section 2.11(b)(ii), the Tranche B Loan shall bear interest, until repaid, fixed at Fifteen and One Half Percent (15.5%) per annum (determined based upon a 360-day year and actual days elapsed), payable as follows:
Tranche B Loan. Subject to the terms and conditions set forth herein, the Lender agrees to make a Tranche B Loan to the Borrower on the Closing Date in a principal amount not exceeding its Tranche B Commitment. Amounts prepaid or repaid in respect of the Tranche B Loan may not be reborrowed.
Tranche B Loan. (a) Subject to the terms and conditions of this Agreement, each WC Revolving Credit Lender, severally and not jointly, agrees to loan to Borrower after the Closing Date an amount not to exceed its WC Revolving Credit Commitment in one or more Loans (each, a “WC Revolving Loan”), which Borrower may borrow, repay, and re-borrow under this Agreement (the “Tranche B Loan” or “WC Revolving Credit Facility”). The obligation of the Borrower to repay the aggregate unpaid principal amount of all WC Revolving Loans under the WC Revolving Credit Facility, together with interest thereon, shall be evidenced by a note issued to each Lender on the Closing Date with a face amount of up to such Lender’s WC Revolving Credit Commitment (collectively, the “WC Revolving Notes”). Prior to the Maturity Date and subject to the other provisions of this Agreement and the other Loan Documents, the Borrower may borrow, repay and reborrow advances under the WC Revolving Credit Facility; provided that at any given time the aggregate amount of WC Revolving Loans outstanding and the L/C Obligations may not exceed the Aggregate WC Revolving Loan Commitment. Borrower may repay all or any portion of the Tranche B Loan at any time and from time to time without any prepayment premium or penalty, but subject to the indemnification provisions of Section 8.6 and the obligations in any Hedge Agreement. WC Revolving Loans may from time to time consist of LIBOR Loans and/or Base Rate Loans, as determined by the Borrower and notified to the Agent in accordance with the terms of this Agreement.
Tranche B Loan. Except as otherwise agreed to in writing by the Required Lenders, Borrower shall use the proceeds of any WC Revolving Loan (i) to pay costs, fees and expenses incurred in connection with the closing of the Loans, (ii) to repurchase and redeem equity interests in Borrower from a minority equityowner, provided that the amount of WC Revolving Loans used for any such repurchase and redemption (other than any contractually required repurchase and redemption resulting from the death or disability of such equityholder) is limited to no more than $2,000,000 in the aggregate over the term of the Original Loans and the WC Revolving Loan, (iii) for Borrower’s and Guarantors’ general corporate and working capital purposes in the ordinary course of business, and (iv) to repurchase future commission payments from employees.
