Tranche B Term Notes Clause Samples
The 'Tranche B Term Notes' clause defines the terms and conditions governing a specific series of debt instruments issued as part of a larger financing arrangement, typically referred to as Tranche B. This clause outlines the principal amount, interest rate, repayment schedule, and any covenants or restrictions associated with these notes, which are often used in leveraged finance transactions. By clearly specifying the obligations and rights of both the issuer and the noteholders, the clause ensures transparency and predictability in the repayment of this particular tranche, thereby facilitating structured financing and risk allocation among investors.
Tranche B Term Notes. The portion of the Tranche B Term Loan made by each Lender may, upon the request of a Lender, be evidenced by a duly executed promissory note of the Borrower to such Lender in an original principal amount equal to such Lender's Tranche B Term Loan Percentage of the Tranche B Term Loan and substantially in the form of Exhibit 2.5(f).
Tranche B Term Notes. (i) The Parent Borrower agrees that, upon the request to the Administrative Agent by any Tranche B Dollar Term Loan Lender made on or prior to the Closing Date or in connection with any assignment pursuant to subsection 11.6(b), in order to evidence such Lender’s Tranche B Dollar Term Loan, the Parent Borrower will execute and deliver to such Lender a promissory note substantially in the form of Exhibit A-3 (each, as amended, supplemented, replaced or otherwise modified from time to time, a “Tranche B Dollar Term Note”), with appropriate insertions therein as to payee, date and principal amount, payable to the order of such Tranche B Dollar Term Loan Lender and in a principal amount equal to the unpaid principal amount of the Tranche B Dollar Term Loans made (or acquired by assignment pursuant to subsection 11.6(b)) by such Tranche B Dollar Term Loan Lender to the Parent Borrower. Each Tranche B Dollar Term Note shall (x) be dated the Closing Date, (y) be payable as provided in subsection 2.6(b)(i) and (z) provide for the payment of interest in accordance with subsection 4.1.
(ii) The Parent Borrower agrees that, upon the request to the Administrative Agent by any Tranche B Euro Term Loan Lender made on or prior to the Closing Date or in connection with any assignment pursuant to subsection 11.6(b), in order to evidence such Lender’s Tranche B Euro Term Loan, the Parent Borrower will execute and deliver to such Lender a promissory note substantially in the form of Exhibit A-4 (each, as amended, supplemented, replaced or otherwise modified from time to time, a “Tranche B Euro Term Note”), with appropriate insertions therein as to payee, date and principal amount, payable to the order of such Tranche B Euro Term Loan Lender and in a principal amount equal to the unpaid principal amount of the Tranche B Euro Term Loans made (or acquired by assignment pursuant to subsection 11.6(b)) by such Tranche B Euro Term Loan Lender to the Parent Borrower. Each Tranche B Euro Term Note shall (x) be dated the Closing Date, (y) be payable as provided in subsection 2.6(b)(ii) and (z) provide for the payment of interest in accordance with subsection 4.1.
(b) (i) The aggregate Tranche B Dollar Term Loans of all the Tranche B Dollar Term Loan Lenders shall be payable in consecutive annual installments up to and including April 7, 2010 and thereafter in consecutive quarterly installments (in each case, subject to reduction as provided in subsection 4.4), on the dates and in the...
Tranche B Term Notes. The Borrower hereby agrees that, upon the request to the Agent by any Lender, the Borrower will execute and deliver to such Lender a promissory note evidencing the Tranche B Term Loans of such Lender, substantially in the form of EXHIBIT 2.5(f), with appropriate insertions as to date and principal amount (a "TRANCHE B TERM NOTE").
Tranche B Term Notes. The Borrower’s obligation to pay each Term Loan Lender’s Tranche B Term Loan shall be evidenced, upon such Term Loan Lender’s request, by a Tranche B Term Note made payable to such Lender in substantially the form of Schedule 2.2(d).
Tranche B Term Notes. Each Lender's Tranche B Term Loan -------------------- Commitment Percentage of the Tranche B Term Loan outstanding as of the Closing Date shall be evidenced by a duly executed promissory note of the Borrower to such Lender in substantially the form of Schedule 2.2B(d). ----------------
Tranche B Term Notes. The Administrative Agent shall have received for the account of each Lender with a Tranche B Term Loan Commitment that has requested a promissory note at least two (2) Business Days prior to the Tranche B Term Loan Funding Date, a Tranche B Term Note.
Tranche B Term Notes. The Tranche B Term Loan made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any Lender, Borrowers shall deliver a Tranche B Term Note to such Lender.
Tranche B Term Notes. (a) The Parent Borrower agrees that, upon the request to the Administrative Agent by any Tranche B Term Loan Lender made on or prior to the Effective Date or in connection with any assignment of its Loan, in order to evidence such Term Loan Lender's Tranche B Term Loan the Parent Borrower will execute and deliver to such Term Loan Lender a promissory note substantially in the form of Exhibit A-3 (each, as amended, supplemented, replaced or otherwise modified from time to time, a "Tranche B Term Note"), with appropriate insertions therein as to payee, date and principal amount, payable to the order of such Term Loan Lender and in a principal amount equal to the lesser of (a) the amount set forth opposite such Term Loan Lender's name on Schedule I under the heading "Tranche B Term Loan Commitment" and (b) the unpaid principal amount of the Tranche B Term Loan made by such Term Loan Lender. Each Tranche B Term Note shall (i) be dated the Effective Date, (ii) be payable as provided in subsection 2.8(b) and (iii) provide for the payment of interest in accordance with subsection 4.1.
(b) The aggregate Tranche B Term Loans of all the Term Loan Lenders shall be payable in 32 consecutive installments on the dates and in a principal amount equal to the amount set forth below (together with all accrued interest thereon) opposite the applicable installment date (or, if less, the aggregate amount of the Tranche B Term Loans then outstanding): Dates Amount ----- ------ March 24, 2000 $ 437,500 June 23, 2000 $ 437,500 September 22, 2000 $ 437,500 December 29, 2000 $ 437,500 March 30, 2001 $ 437,500 June 29, 2001 $ 437,500 September 28, 2001 $ 437,500 December 28, 2001 $ 437,500 37 March 29, 2002 $ 437,500 June 28, 2002 $ 437,500 September 27, 2002 $ 437,500 December 27, 2002 $ 437,500 March 28, 2003 $ 437,500 June 27, 2003 $ 437,500 September 26, 2003 $ 437,500 December 26, 2003 $ 437,500 March 26, 2004 $ 437,500 June 25, 2004 $ 437,500 September 24, 2004 $ 437,500 December 24, 2004 $ 437,500 March 25, 2005 $ 437,500 June 24, 2005 $ 437,500 September 23, 2005 $ 437,500 December 30, 2005 $ 437,500 March 31, 2006 $16,125,000 June 30, 2006 $16,125,000 September 29, 2006 $16,125,000 December 29, 2006 $16,125,000 March 30, 2007 $25,000,000 June 29, 2007 $25,000,000 September 28, 2007 $25,000,000 Final Maturity Date $25,000,000 provided that in the event that the Parent Borrower changes its fiscal year end to the last day of December, each of the foregoing amortization dates (...
Tranche B Term Notes. The Administrative Agent shall have received a Tranche B Term Note in favor of each Lender requesting a Tranche B Term Note, which shall have been duly executed on behalf of the Borrower and dated the First Amendment Effective Date.
Tranche B Term Notes. (a) The Borrower agrees that, upon the request to the Administrative Agent by any Tranche B Term Loan Lender made on or prior to the Effective Date or in connection with any assignment of its Loan, in order to evidence such Term Loan Lender's Tranche B Term Loan the Borrower will execute and deliver to such Term Loan Lender