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 Company on the Closing Date an amount in Dollars 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 will be set forth in an allocation letter delivered to such Lender and the aggregate amount of the Tranche B Term Loan Commitments is $300,000,000; provided that the amount of the Tranche B Term Loan 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. 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 (Urs Corp /New/), Security Agreement (Urs Corp /New/)

AutoNDA by SimpleDocs

Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment severally agrees to lend to Company on the Closing Date an amount in Dollars 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 will be set forth in an allocation letter delivered to such Lender (with a copy to Company) and the aggregate amount of the Tranche B Term Loan Commitments is $300,000,000175,000,000; provided that the amount of the Tranche B Term Loan 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. 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 2 contracts

Samples: Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/)

Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment severally agrees to lend to Company on the Closing Date an amount in Dollars 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 's Tranche B Term Loan Commitment will be is set forth in an allocation letter delivered to such Lender opposite its name on Schedule 2.1 annexed hereto and the aggregate amount of the Tranche B Term Loan Commitments is $300,000,000350,000,000; provided that the amount of the Tranche B Term Loan Commitment Commitments of each Lender Lenders shall be adjusted to give effect to any assignment assignments of such the Tranche B Term Loan Commitment Commitments pursuant to subsection 10.1B. 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: Security Agreement (Urs Corp /New/)

Tranche B Term Loans. Each Lender that has with a Tranche B -------------------- Term Loan Commitment severally agrees to lend to Company on the Closing Effective Date an amount in Dollars 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 's Tranche B Term Loan Commitment will be is set forth in an allocation letter delivered to such Lender opposite its name on Schedule 2.1 annexed hereto and the aggregate amount of the Tranche ------------ B Term Loan Commitments is $300,000,000100,000,000; provided that the amount of the Tranche B -------- Term Loan Commitment Commitments of each Lender Lenders shall be adjusted to give effect to any assignment assignments of such the Tranche B Term Loan Commitment Commitments pursuant to subsection 10.1B. 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 (Aurora Foods Inc)

AutoNDA by SimpleDocs

Tranche B Term Loans. Each Lender that has a Tranche B Term Loan Commitment Lender severally agrees to lend to the Company or other Domestic Borrower on the Closing Date in Dollars an amount in Dollars 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 Lender’s 's Tranche B Term Loan Commitment will be is set forth in an allocation letter delivered to such Lender opposite its name on SCHEDULE 2.1 annexed hereto and the aggregate amount of the Tranche B Term Loan Commitments is $300,000,000500,000,000; provided that the amount of the Tranche B Term Loan Commitment Commitments of each Lender Tranche B Term Lenders shall be adjusted to give effect to any assignment assignments of such Tranche B Term Loan Commitment pursuant to subsection 10.1B. Company may make only one borrowing under the Tranche B Term Loan Commitments. Commitments pursuant to subsection 11.1B. Amounts borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Lincoln Electric Holdings Inc)

Tranche B Term Loans. Each Lender that has with a Tranche B Term Loan Commitment severally agrees to lend to Company on the Closing Effective Date an amount in Dollars 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 's Tranche B Term Loan Commitment will be is set forth in an allocation letter delivered to such Lender opposite its name on Schedule 2.1 annexed hereto and the aggregate amount of the Tranche B Term Loan Commitments is $300,000,000150,000,000; provided that the amount of the Tranche B Term Loan Commitment Commitments of each Lender Lenders shall be adjusted to give effect to any assignment assignments of such the Tranche B Term Loan Commitment Commitments pursuant to subsection 10.1B. Company may make only one borrowing under the Tranche B Term Loan Commitments. Amounts borrowed under this subsection 2.1A(ii2. 1A(ii) and subsequently repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.