Common use of Tranche B Term Loans Clause in Contracts

Tranche B Term Loans. Each Tranche B Term Loan Lender severally -------------------- agrees to lend to 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. The amount of each Tranche B Term Loan 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 $50,000,000; provided that the Tranche B Term Loan Commitments of Tranche B Term Loan -------- Lenders shall be adjusted to give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B. Each Tranche B Term Loan Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on the Closing Date, if the Tranche B Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 2 contracts

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

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Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Lender Commitment severally -------------------- agrees to lend to 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. The amount of each Lender’s Tranche B Term Loan Lender's Tranche B Term Loan Commitment Commitment, as of the Signing Date, is set forth opposite its name on Schedule 2.1 annexed hereto and the ------------ aggregate amount of the Tranche B Term Loan Commitments is $50,000,000300,000,000; provided that the amount of the Tranche B Term Loan Commitments Commitment of Tranche B Term Loan -------- Lenders each Lender shall be adjusted to give effect to any assignments assignment of the such Tranche B Term Loan Commitments Commitment pursuant to subsection 10.1B. Each Tranche B Term Loan Lender's ’s Tranche B Term Loan Commitment shall expire immediately and without further action on the Closing Dateat 4:30 p.m. (New York time), October 30, 2008 if the Tranche B Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 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 a Tranche B Term Loan Lender Commitment severally -------------------- agrees to lend to Company 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 Borrower shall deliver to Administrative Agent a Notice of each 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 Loan Lender's Tranche B Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto Loans. The Notice of Borrowing shall specify (i) the proposed Funding Date (which shall be a Business Day), and the ------------ (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $50,000,00045,000,000; 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. Each 10.1B and (2) any increase in Tranche B Term Loan Loans pursuant to subsection 2.1A(iv). Each Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on the Closing DateMarch 31, 2002 if the Tranche B Term Loans are have not been made on or before that date. Company 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)

Tranche B Term Loans. Each Tranche B Term Loan Lender severally -------------------- agrees to lend to 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. The amount of each Tranche B Term Loan 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 $50,000,00025,000,000; provided that the Tranche B Term Loan Commitments of the Tranche B Term Loan -------- Lenders shall be adjusted to give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B. 12.1B. Each Tranche B Term Loan Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on the Closing DateFebruary 11, 2000, if the Tranche B Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 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. 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 Lender severally -------------------- Commitment severally, but not jointly, agrees to lend to 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. The amount of each Tranche B Term Loan 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 $50,000,00040,000,000; provided that the Tranche B Term Loan Commitments of Tranche B Term Loan -------- Lenders shall be adjusted to give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B. Each Tranche B Term Loan Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on the Closing Date, if the Tranche B Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 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 Tranche B Term Loan Lender severally -------------------- agrees to lend to 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. The amount of each Tranche B Term Loan 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 $50,000,00025,000,000; provided that the Tranche B Term Loan Commitments of the Tranche B Term Loan -------- Lenders shall be adjusted to give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B. Each Tranche B Term Loan Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on the Closing DateDecember 11, 1997 if the Tranche B Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 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 Tranche B Term Loan Lender severally -------------------- agrees to lend to 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. The amount of each Tranche B Term Loan Lender's Tranche B Term Loan Commitment is set forth opposite its name on Schedule SCHEDULE 2.1 annexed hereto and the ------------ aggregate amount of the Tranche B Term Loan Commitments is $50,000,00045,000,000; provided PROVIDED that the Tranche B Term Loan Commitments of Tranche B Term Loan -------- Lenders shall be adjusted to give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B. Each Tranche B Term Loan Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on the Closing Dateearlier of (i) October 31, 1998, if the Tranche B Term Loans are not made on or before that datedate and (ii) at the close of business on the Closing Date. Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 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)

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Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Lender Commitment severally -------------------- agrees to lend to 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. 2.6A. The amount of each Tranche B Term Loan Lender's ’s Tranche B Term Loan Commitment is shall be set forth opposite its name in the Register on Schedule 2.1 annexed hereto the Closing Date and the ------------ aggregate amount of the Tranche B Term Loan Commitments is $50,000,000260,000,000; provided that the amount of the Tranche B Term Loan Commitments Commitment of Tranche B Term Loan -------- Lenders each Lender shall be adjusted to give effect to any assignments assignment of the such Tranche B Term Loan Commitments Commitment pursuant to subsection 10.1B. Each Tranche B Term Loan Lender's ’s Tranche B Term Loan Commitment shall expire immediately and without further action at the close of business in New York City on the Closing DateFebruary 15, 2006 if the Tranche B Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 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 (Propex Fabrics Inc.)

Tranche B Term Loans. Each Tranche B Term Loan Lender severally -------------------- agrees to lend to 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. The amount of each Tranche B Term Loan Lender's Tranche B Term Loan Commitment is set forth opposite its name on Schedule SCHEDULE 2.1 annexed hereto and the ------------ 34 42 aggregate amount of the Tranche B Term Loan Commitments is $50,000,000125,000,000; provided that the Tranche B Term Loan Commitments of Tranche B Term Loan -------- Lenders shall be adjusted to give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B. Each Tranche B Term Loan Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on the Closing DateDecember 31, 1998 if the Tranche B Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Penton Media Inc)

Tranche B Term Loans. Each Tranche B Term Loan Lender severally -------------------- agrees to lend to -------------------- 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. The amount of each Tranche B Term Loan 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 $50,000,000100,000,000; provided that the Tranche B Term Loan -------- Commitments of Tranche B Term Loan -------- Lenders shall be adjusted to give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B. Each Tranche B Term Loan Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on the Closing DateSeptember 30, 1999 if the Tranche B Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 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/)

Tranche B Term Loans. Each Tranche B Term Loan Lender severally -------------------- agrees to lend to Company on the Closing Date Date, through the purchase of loans from DLJ under the Existing Credit Agreement pursuant to the Master Assignment Agreement, 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 Tranche B Term Loan 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 $50,000,00055,000,000; provided that the Tranche B Term Loan Commitments of Tranche B Term Loan -------- Lenders shall be adjusted to give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B. Each Tranche B Term Loan Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on the Closing DateApril 15, 1997 if the Tranche B Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Houlihans Restaurant Group Inc)

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