Common use of Tranche B Term Loans Clause in Contracts

Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment severally agrees to lend to Borrower on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the Tranche B Term Loans. The Notice of Borrowing shall specify (i) the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $45,000,000; PROVIDED that the Tranche B Term Loan Commitments of Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in Tranche B Term Loans pursuant to subsection 2.1A(iv). Each Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March 31, 2002 if the Tranche B Term Loans have not been made on or before that date. Subject to subsection 2.1A(iv), Borrower may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 2 contracts

Samples: Credit Agreement (Integrated Defense Technologies Inc), Credit Agreement (Integrated Defense Technologies Inc)

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Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment Lender severally -------------------- agrees to lend to Borrower Company on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice The amount of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the each Tranche B Term Loans. The Notice of Borrowing shall specify (i) Loan Lender's Tranche B Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The ------------ aggregate amount of the Tranche B Term Loan Commitments is $45,000,00050,000,000; PROVIDED provided that the Tranche B Term Loan Commitments of Tranche B Term Loan -------- Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in 10.1B. Each Tranche B Term Loans pursuant to subsection 2.1A(iv). Each Loan Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March 31the Closing Date, 2002 if the Tranche B Term Loans have are not been made on or before that date. Subject to subsection 2.1A(iv), Borrower Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 2 contracts

Samples: Credit Agreement (Diamond Brands Operating Corp), Security Agreement (Diamond Brands Operating Corp)

Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment severally agrees to lend to Borrower Company on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice The amount of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the each Lender’s Tranche B Term Loans. The Notice Loan Commitment, as of Borrowing shall specify (i) the proposed Funding Date (which shall be a Business Day)Signing Date, is set forth opposite its name on Schedule 2.1 annexed hereto and (ii) that such Loans shall be Base Rate Loans. The the aggregate amount of the Tranche B Term Loan Commitments is $45,000,000300,000,000; PROVIDED provided that the Tranche B Term Loan Commitments of Lenders shall be adjusted to (1) give effect to any assignments amount of the Tranche B Term Loan Commitments Commitment of each Lender shall be adjusted to give effect to any assignment of such Tranche B Term Loan Commitment pursuant to subsection 10.1B and (2) any increase in Tranche B Term Loans pursuant to subsection 2.1A(iv). 10.1B. Each Lender's ’s Tranche B Term Loan Commitment shall expire immediately and without further action on March 31at 4:30 p.m. (New York time), 2002 October 30, 2008 if the Tranche B Term Loans have are not been made on or before that date. Subject to subsection 2.1A(iv), Borrower Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 2 contracts

Samples: Credit Agreement (United Online Inc), Security Agreement (United Online Inc)

Tranche B Term Loans. Each Lender that has with a Tranche B Term -------------------- Loan Commitment severally agrees to lend to Borrower one or both Borrowers (on a joint and several basis) on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan -------- Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice The amount of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the each Lender's Tranche B Term Loans. The Notice of Borrowing shall specify (i) Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount ------------ of the Tranche B Term Loan Commitments is $45,000,000135,000,000; PROVIDED provided that the -------- Tranche B Term Loan Commitments of Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in Tranche B Term Loans pursuant to subsection 2.1A(iv). 10.1B. Each Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March 31January 15, 2002 1999 if the Tranche B Term Loans have are not been made on or before that date. Subject to subsection 2.1A(iv), Each Borrower may make only one borrowing under the Tranche B Term Loan Commitments. The proceeds of each Tranche B Term Loan shall be made available to Borrowers as directed by either of them (with the proceeds to be used by one or both Borrowers as they may determine), it being understood and agreed that Borrowers shall be jointly and severally obligated with respect to each Tranche B Term Loan for the repayment thereof and all amounts owing with respect thereto. Amounts 35 borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Dominos Pizza Government Services Division Inc)

Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment severally agrees to lend to Borrower on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the Tranche B Term Loans. The Notice of Borrowing shall specify (i) the i)the proposed Funding Date (which shall be a Business Day), and (ii) that ii)that such Loans shall be Base Rate Loans. Each Lender severally agrees to lend to Borrower on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. The amount of each Lender's Tranche B Term Loan Commitment is set forth opposite its name on SCHEDULE 2.1 annexed hereto and the aggregate amount of the Tranche B Term Loan Commitments is $45,000,00015,000,000; PROVIDED that the Tranche B Term Loan Commitments of Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in Tranche B Term Loans pursuant to subsection 2.1A(iv). 10.1B. Each Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March January 31, 2002 2000 if the Tranche B Term Loans have are not been made on or before that date. Subject to subsection 2.1A(iv), Borrower may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Company Credit Agreement (Wj Communications Inc)

Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment Lender severally agrees to lend to Borrower Company on the Third Amendment Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice The amount of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the each Tranche B Term Loans. The Notice of Borrowing shall specify (i) Loan Lender's Tranche B Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $45,000,00025,000,000; PROVIDED provided that the Tranche B Term Loan Commitments of the Tranche B Term Loan Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in 12.1B. Each Tranche B Term Loans pursuant to subsection 2.1A(iv). Each Loan Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March 31February 11, 2002 2000, if the Tranche B Term Loans have are not been made on or before that date. Subject to subsection 2.1A(iv), Borrower Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii2.1A(v) and subsequently repaid or prepaid may not be reborrowed. Tranche B Term Loans shall be available only in Dollars."

Appears in 1 contract

Samples: Credit Agreement (Manufacturers Services LTD)

Tranche B Term Loans. Each Lender that has with a Tranche B Term Loan Commitment severally agrees to lend to Borrower one or both Borrowers (on a joint and several basis) on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice The amount of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the each Lender's Tranche B Term Loans. The Notice of Borrowing shall specify (i) Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $45,000,000365,000,000; PROVIDED provided that the Tranche B Term Loan Commitments of Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in Tranche B Term Loans pursuant to subsection 2.1A(iv). 10.1B. Each Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March August 31, 2002 if the Tranche B Term Loans have are not been made on or before that date. Subject to subsection 2.1A(iv), Each Borrower may make only one borrowing under the Tranche B Term Loan Commitments. The proceeds of each Tranche B Term Loan shall be made available to Borrowers as directed by either of them (with the proceeds to be used by one or both Borrowers as they may determine), it being understood and agreed that Borrowers shall be jointly and severally obligated with respect to each Tranche B Term Loan for the repayment thereof and all amounts owing with respect thereto. Amounts 35 borrowed under this subsection 2.1A(ii2.1A(i) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Dominos Inc)

Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment severally agrees to lend to Borrower on the Closing Date Company an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice Commitments. The amount of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the each Lender’s Tranche B Term Loans. The Notice of Borrowing shall specify (i) Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $45,000,000225,000,000; PROVIDED provided that the Tranche B Term Loan Commitments of Lenders shall be adjusted to (1) give effect to any assignments amount of the Tranche B Term Loan Commitments Commitment of each Lender shall be adjusted to give effect to any assignment of such Xxxxxxx X Term Loan Commitment pursuant to subsection 10.1B and (2) any increase in 10.1B. The Tranche B Term Loans Loan shall be incurred by Company pursuant to two drawings, with (x) the first such drawing to be made on the Closing Date for the purposes identified in subsection 2.1A(iv2.5A(i) and (y) the second such drawing to be made on the Final Redemption Date for the purposes identified in subsection 2.5A(ii). Each Lender's ’s Tranche B Term Loan Commitment shall expire immediately and without further action on March 31, 2002 the Final Redemption Date if the Tranche B Term Loans have that are drawable pursuant to clause (y) in the immediately preceding sentence are not been made drawn on or before that date. Subject to subsection 2.1A(iv), Borrower may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii2.1A(i) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Hexcel Corp /De/)

Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment Lender severally agrees to lend to Borrower Company on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice The amount of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the each Tranche B Term Loans. The Notice of Borrowing shall specify (i) Loan Lender's Tranche B Term Loan Commitment is set forth opposite its name on SCHEDULE 2.1 annexed hereto and the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $45,000,000; PROVIDED that the Tranche B Term Loan Commitments of Tranche B Term Loan Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in 10.1B. Each Tranche B Term Loans pursuant to subsection 2.1A(iv). Each Loan Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March the earlier of (i) October 31, 2002 1998, if the Tranche B Term Loans have are not been made on or before that datedate and (ii) at the close of business on the Closing Date. Subject to subsection 2.1A(iv), Borrower Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Decrane Holdings Co)

Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment Lender severally agrees to lend to Borrower Company on the Closing Date Date, an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice The amount of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the each Tranche B Term Loans. The Notice of Borrowing shall specify (i) the proposed Funding Date (which shall be a Business Day), Loan Lender's Tranche B Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $45,000,00025,000,000; PROVIDED provided that the Tranche B Term Loan Commitments of the Tranche B Term Loan Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in 10.1B. Each Tranche B Term Loans pursuant to subsection 2.1A(iv). Each Loan Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March 31December 11, 2002 1997 if the Tranche B Term Loans have are not been made on or before that date. Subject to subsection 2.1A(iv), Borrower Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii2.1A(i)(b) and subsequently repaid or prepaid may not be reborrowed.,

Appears in 1 contract

Samples: Credit Agreement (Precision Engine Products Corp)

Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment Lender severally agrees to lend to Borrower Company on the Closing Initial Funding Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice The amount of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the each Tranche B Term Loans. The Notice of Borrowing shall specify (i) Loan Lender's Tranche B Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $45,000,000125,000,000; PROVIDED provided that the Tranche B Term Loan Commitments of Tranche B Term Loan Lenders shall be adjusted to (1) give effect to (a) any Tranche B Term Loan increases pursuant to subsection 2.1A(iv) and (b) any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in 10.1B. Each Tranche B Term Loans pursuant to subsection 2.1A(iv). Each Loan Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March 31December 1, 2002 1999, if Tranche B Term Loans in the full amount of the Tranche B Term Loans have Loan Commitments (without taking account of any increase permitted under subsection 2.1A(iv))are not been made on or before that date. Subject to Except as permitted by subsection 2.1A(iv), Borrower Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii2.1A(i) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Security Agreement (Horseshoe Gaming Holding Corp)

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Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment Lender severally agrees to lend to Borrower Company on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice The amount of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the each Tranche B Term Loans. The Notice of Borrowing shall specify (i) Lender's Tranche B Term Loan Commitment is set forth opposite its name on Schedule 2.1annexed hereto and the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $45,000,000160,000,000; PROVIDED provided that the Tranche B Term Loan Commitments of Tranche B Term Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in 10.1B. Each Tranche B Term Loans pursuant to subsection 2.1A(iv). Each Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March 31the earlier of (x) the date on which the Recapitalization and Merger Agreement is terminated in accordance with Article 10 thereof and (y) June 30, 2002 1996 if the Tranche B initial Term Loans have are not been made on or before that date. Subject to subsection 2.1A(iv), Borrower Company may make only one borrowing on the Closing Date under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Smiths Food & Drug Centers Inc)

Tranche B Term Loans. Borrower acknowledges that Tranche B Term Loans in an aggregate amount equal to $40,000,000 were advanced to Borrower on the Original Closing Date (of which $37,732,000 remains outstanding). The aggregate amount of the Tranche B Term Loan Commitments shall be increased from $37,732,000 to $142,732,000. Each Lender that has a Tranche B Term Loan Commitment severally agrees to lend Borrower the amount of such Lender’s unfunded Tranche B Term Loan Commitment; provided that the Tranche B Term Loan Commitments of Lenders shall be adjusted to Borrower on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount give effect to any assignments of the Tranche B Term Loan Commitments pursuant to be used for the purposes identified in subsection 2.5A. 10.1B. Borrower shall deliver to Administrative Agent a Notice of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Effective Date, requesting a borrowing of the Tranche B Term Loans. The Notice of Borrowing shall specify (i) the proposed Funding Date (which shall be a Business Day), (ii) the amount of the borrowing, and (iiiii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $45,000,000; PROVIDED that the Tranche B Term Loan Commitments of Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in Tranche B Term Loans pursuant to subsection 2.1A(iv). Each Lender's ’s unfunded Tranche B Term Loan Commitment shall expire immediately and without further action on March 31, 2002 the Business Day immediately following the Effective Date if the Tranche B Term Loans have not been made on or before that date. Subject to subsection 2.1A(iv), Borrower may make only one borrowing two borrowings (on the Original Closing Date and on the Effective Date) under the Tranche B Term Loan CommitmentsCommitment. Amounts 35 borrowed under subsection 2.1A(ii) of the Existing Credit Agreement or under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Tranche B Term Loans. Each Lender that has having a Tranche B Term Loan Commitment severally agrees to lend to Borrower Borrowers in one disbursement on the Restatement Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments Commitments, to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice 2.5A(ii). The amount of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the each Lender's Tranche B Term Loans. The Notice of Borrowing shall specify (i) Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments as of the Restatement Closing Date is $45,000,00050,000,000; PROVIDED provided that the Tranche B Term Loan Commitments of Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B 10.1B; and (2) any increase in provided further that the amount of the Tranche B Term Loans Loan Commitments shall be reduced from time to time by the amount of any reductions thereto made pursuant to subsection 2.1A(ivsubsections 2.4B(ii) and 2.4B(iii). Each Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March 31, 2002 if when the Tranche B Term Loans have not been are made on or before that date. Subject to subsection 2.1A(iv), Borrower may make only one borrowing under the Tranche B Term Loan CommitmentsRestatement Closing Date. Amounts 35 borrowed under this subsection 2.1A(ii2.1A(iii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Inc)

Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment severally agrees to lend to Borrower on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the Tranche B Term Loans. The Notice of Borrowing shall specify (i) the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $45,000,00050,000,000; PROVIDED that the Tranche B Term Loan Commitments of Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in Tranche B Term Loans pursuant to subsection 2.1A(iv). 10.1B. Each Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March 31June 30, 2002 2001 if the Tranche B Term Loans have not been made on or before that date. Subject to subsection 2.1A(iv), Borrower may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Vertex Aerospace Inc)

Tranche B Term Loans. Immediately prior to the Closing Date, an aggregate principal amount of $13,450,000 in Tranche B Term Loans was outstanding under (and as defined in) the Original Credit Agreement. Each Lender that has a Tranche B Term Loan Commitment severally severally, but not jointly, agrees to lend to Borrower Company on the Closing Date an amount such that the sum of its Tranche B Term Loans immediately prior to the Closing Date, if any, plus its Tranche B Term Loans on the Closing Date shall not exceeding exceed its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice The amount of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the each Lender's Tranche B Term Loans. The Notice of Borrowing shall specify (i) Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $45,000,00040,000,000; PROVIDED provided that the Tranche B Term Loan Commitments of Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in Tranche B Term Loans pursuant to subsection 2.1A(iv). Each Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March 31, 2002 if the Tranche B Term Loans have not been made on or before that date. Subject to subsection 2.1A(iv), Borrower 10.1B. Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed. On and after the Closing Date, Tranche B Term Loans outstanding under (and as defined in) the Original Credit Agreement shall be automatically deemed for all purposes to be Tranche B Term Loans outstanding under this Agreement and shall be subject to all of the terms and conditions of this Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (PRA International)

Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment severally agrees to lend to Borrower -------------------- Company on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice The amount of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the each Lender's Tranche B Term Loans. The Notice of Borrowing shall specify (i) Loan Commitment is set forth opposite its name on Schedule -------- 2.1 annexed hereto and the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan --- Commitments is $45,000,000100,000,000; PROVIDED provided that the Tranche B Term Loan -------- Commitments of Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in Tranche B Term Loans pursuant to subsection 2.1A(iv). 10.1B. Each Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March 31September 30, 2002 1999 if the Tranche B Term Loans have are not been made on or before that date. Subject to subsection 2.1A(iv), Borrower Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

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