Common use of Tranche B Notes Clause in Contracts

Tranche B Notes. The Lender hereby agrees, subject to the terms and conditions of this Loan Agreement, to lend to the Borrowers, and the Borrowers hereby agree to borrow from the Lender, at the Closing $10,000,000 principal amount of the Tranche B Notes at par. The Holders of the Tranche B Notes shall have certain registration rights as provided in the Registration Rights Agreement.