Tranche B Revolving Loans Sample Clauses

Tranche B Revolving Loans. During the Tranche B Revolving Commitment Period, subject to the terms and conditions hereof, each Lender holding a Tranche B Revolving Commitment severally agrees to make Tranche B Revolving Loans in the aggregate amount up to but not exceeding such Lender's Tranche B Revolving Commitment as of the Effective Date, subject to the requirements of Section 2.4, to Company, PROVIDED that after giving effect to the making of each Tranche B Revolving Loan, (y) in no event shall the Total Utilization of Tranche B Revolving Commitments exceed the Tranche B Revolving Commit ments then in effect and (z) Holdings and Company shall be in compliance, on a pro forma basis as of the last day of the most recently concluded Fiscal Quarter, with the financial covenants set forth in Section 6.6 or 6.7, as applicable. Amounts borrowed pursuant to this Section 2.1(a)(i)(C) may be repaid and reborrowed during the Tranche B Revolving Commitment Period. Each Lender's Tranche B Revolving Commitment shall expire on the Tranche B Revolving Commitment Termination Date and all Tranche B Revolving Loans and all other amounts owed hereunder with respect to the Tranche B Revolving Loans and the Tranche B Revolving Commit ments shall be paid in full no later than such date.
Sample 1
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Tranche B Revolving Loans. (i) During the Tranche B Revolving Commitment Period, subject to the terms and conditions hereof, each Lender agrees from time to time to make loans to the Borrower (each a "Tranche B Loan" and collectively, the "Tranche B Loans") in an aggregate amount up to but not exceeding its Tranche B Revolving Commitment.
Sample 1
Tranche B Revolving Loans. Each Lender severally agrees to lend to Borrower from time to time during the period from the Restatement Effective Date to but excluding the Commitment Termination Date an aggregate amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Revolving Loan Commitments to be used for the purposes identified in subsection 2.5A all in accordance with such Lender's Tranche B Revolving Loan Commitment set forth in Schedule 2.1 annexed hereto. The original amount of each Lender's Tranche B Revolving Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate original amount of the Tranche B Revolving Loan Commitments is $16,000,000; provided that the Tranche B Revolving Loan Commitments of Lenders shall be adjusted to give effect to any assignments of the Tranche B Revolving Loan Commitments pursuant to subsection 10.1B; and provided, further (i) the aggregate amount of Tranche B Revolving Loans available for borrowing hereunder as of any day of determination shall be reduced by the amount of the Canadian Utilization as of such date of determination and (ii) that the amount of the Tranche B Revolving Loan Commitments shall be reduced from time to time by the amount of any reductions thereto made pursuant to subsections 2.4A(ii) and 2.4A(iii). Each Lender's Tranche B Revolving Loan Commitment shall expire on the Commitment Termination Date and all Tranche B Revolving Loans and all other amounts owed hereunder with respect to the Tranche B Revolving Loans and the Tranche B Revolving Loan Commitments shall be paid in full no later than that date. Amounts borrowed under this subsection 2.1A(ii) may be repaid and reborrowed to but excluding the Commitment Termination Date. Anything contained in this Agreement to the contrary notwithstanding, the Tranche B Revolving Loans and the Tranche B Revolving Loan Commitments shall be subject to the limitation that (x) no Tranche B Revolving Loans shall be made or continued to be outstanding at any time that the aggregate amount of the Tranche A Revolving Loan Commitments exceeds the Total Utilization of Tranche A Revolving Commitments, (y) in no event shall the sum of the Total Utilization of Tranche B Revolving Commitments plus the Total Utilization of Tranche A Revolving Commitments at any time exceed the lesser of (i) the Revolving Loan Commitments minus the Canadian Utilization and (ii) the Borrowing Base, in each case as then in effect and (z) on and after the Subo...
Sample 1
Tranche B Revolving Loans. The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Tranche B Revolving Loans outstanding on such date.
Sample 1
Tranche B Revolving Loans. Tranche B
Sample 1
Tranche B Revolving Loans. Notwithstanding anything to the contrary in this Section 2.15, any voluntary or mandatory prepayment with respect to any Revolving Loans (but, for the avoidance of doubt, not affecting the order of prepayment of any other Obligations) may, at the discretion of Company, be first applied to Tranche B Revolving Loans and second to Tranche A Revolving Loans; provided that Company shall simultaneously terminate the corresponding Tranche B Revolving Commitments pursuant to Section 2.13(b).
Sample 1
Tranche B Revolving Loans. On the terms and subject to the conditions contained in this Agreement, each Tranche B Lender severally agrees to make loans (each a "Tranche B Revolving Loan") to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date in an aggregate principal amount at any time outstanding (for all such loans by such Tranche B Lender) not to exceed such Tranche B Lender's Tranche B Commitment (each a "Tranche B Revolving Loan" and together with the Tranche A Revolving Loans, "Revolving Loans"). Anything to the contrary in this Section 2.1 notwithstanding, the Borrower shall not have the right to require Lenders with Tranche B Commitments to make Tranche B Revolving Loans unless the Tranche A Lenders' Outstandings that are Tranche A Revolving Loans at the time of Borrowing (or after giving effect to the Tranche A Revolving Loans which will be part of the proposed Borrowing) equal the Maximum Tranche A Amount.
Sample 1
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Related to Tranche B Revolving Loans

  • Tranche B Loans Subject to the terms and conditions of this Agreement (including, without limitation, Section 2.13(a) and Article 6), each Tranche B Lender severally agrees to make one or more loans to the Borrower from time to time from and including the New Advance Date to but excluding the Tranche B Commitment Termination Date up to but not exceeding the amount of such Tranche B Lender's Tranche B Commitment as then in effect; provided, however, that the aggregate outstanding principal amount of the Tranche B Loans and the aggregate outstanding principal amount of the Tranche C Loans used to pay Permitted Third-Party Expenses shall not at any time exceed the Permitted Third-Party Expenses Borrowing Base. Notwithstanding anything to the contrary contained in this Agreement, the Borrower, the Administrative Agent and the Lenders agree that, as of the Closing Date, the aggregate outstanding principal amount of the Original Tranche B Loans is $1,040,430.75, which amount shall be deemed outstanding as Tranche B Loans hereunder. (Such loans referred to in this Section 2.1(b) now or hereafter made or deemed made by the Tranche B Lenders to the Borrower, including, without limitation, such loans which remain outstanding after the Tranche B Commitment Termination Date, are hereinafter collectively called the "Tranche B Loans".) The Borrower may not reborrow the Tranche B Loans which have been repaid. The parties hereto hereby agree that, as of the Closing Date, the aggregate outstanding principal amount of the Tranche B Loans is $1,040,430.75.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Revolving Loan Commitments Lender will make loans to Borrower on a revolving basis (“Revolving Loans”) from time to time and Borrower may repay such loans from time to time until the Termination Date in such amounts as Borrower may request from Lender; provided, that after giving effect to such Revolving Loans, the Revolving Loans outstanding will not at any time exceed the Borrowing Availability.

  • The Revolving Credit Loans Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided, however, that after giving effect to any such Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

  • The Revolving Loans (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Loans to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date applicable to such Lender in an aggregate outstanding amount not to exceed at any time such Lender’s Available Commitment at such time. Within the limits of each Lender’s Commitment and as hereinabove and hereinafter provided, including without limitation Section 2.01(b), the Borrower may request a Borrowing hereunder, and repay or prepay Revolving Loans pursuant to Section 2.14 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereof.

  • Revolving Loan Borrowings (i) Each Borrowing of Revolving Loans shall be made on notice given by a Borrower to the Revolving and LC Administrative Agent not later than 11:00 a.m. (New York time) (A) on the Business Day of the proposed Borrowing, in the case of a Borrowing of Base Rate Loans and (B) three Business Days prior to the date of the proposed Borrowing, in the case of a Borrowing of Eurodollar Rate Loans. Each such notice shall be in substantially the form of Exhibit C-2 (a “Notice of Revolving Borrowing”) (or shall be made by telephone and the same information shall be confirmed promptly thereafter in writing), specifying (1) the date of such proposed Borrowing, (2) the aggregate amount of such proposed Borrowing, (3) whether any portion of the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (4) the initial Interest Period or Interest Periods for any such Eurodollar Rate Loans, and (5) remittance instructions. The Revolving Loans shall be made as Base Rate Loans unless, subject to Section 2.17, the Notice of Revolving Borrowing specifies that all or a portion thereof shall be Eurodollar Rate Loans. Each Borrowing of Revolving Loans shall be in an aggregate amount that is an integral multiple of $1,000,000.00 (or $500,000.00 with respect to Swing Loans) and shall be allocated ratably in accordance with each Revolving Lender’s Revolving Commitment.

  • Revolving Loan Commitment Each Lender with a Revolving Loan Commitment agrees to make loans on a revolving basis (“Revolving Loans”) from time to time until the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts as the Company may request from all Lenders; provided that the Revolving Outstandings will not at any time exceed Revolving Loan Availability.

  • Revolving Credit Loans The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders on the applicable Maturity Date for the Revolving Credit Facilities of a given Class the aggregate principal amount of all of its Revolving Credit Loans of such Class outstanding on such date.

  • Repayment of Revolving Credit Loans The Borrower shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date.

  • Tranche A Loans Unless otherwise agreed to by the Administrative Agent in connection with making the initial Loans, to request a Borrowing of Tranche A Loans, the Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of the proposed Borrowing and (b) in the case of an ABR Borrowing, not later than 12:00 p.m., New York City time, on the date of the proposed Borrowing; provided, that any such notice of an ABR Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.03(e) may be given not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request 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. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.01(a):

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