Common use of Tranche B Term Notes Clause in Contracts

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 (other than the Final Maturity Date) occurring after such change shall be deemed to be the last day of March, June, September or December, as applicable (e.g., the amortization payment scheduled for March 30, 2001 shall be due on March 31, 2001, and the amortization payment scheduled for June 29, 2001 shall be due on June 30, 2001).

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 First Amendment Effective Date or in connection with any assignment of its Loanpursuant to subsection 11.6(b), in order to evidence such Term Loan Lender's ’s Tranche B Term Loan Loan, the Parent Borrower will execute and deliver to such Term Loan Lender a promissory note substantially in the form of Exhibit A-3 A-2 (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 Tranche B Term Loan Lender and in a principal amount equal to the lesser of (ai) the amount set forth opposite such Term Loan Lender's name on Schedule I under the heading "to such Lender’s Lender Addendum as its Tranche B Term Loan Commitment" /Conversion and (bii) the unpaid principal amount of the Tranche B Term Loan Loans made by such Tranche B Term Loan LenderLender to the Parent Borrower. Each Tranche B Term Note shall (ix) be dated the First Amendment Effective Date, (iiy) be payable as provided in subsection 2.8(b2.6(b) and (iiiz) provide for the payment of interest in accordance with subsection 4.1. (b) The aggregate Tranche B Term Loans of all the Tranche B Term Loan Lenders shall be payable in 32 consecutive semi-annual installments (subject to reduction as provided in subsection 4.4), on the dates and in a the principal amount amounts equal to the amount respective amounts set forth below (together with all accrued interest thereon) opposite the applicable installment date dates (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 $ 1,225,000 June 30, 2006 $16,125,000 $ 1,225,000 September 2930, 2006 $16,125,000 $ 1,225,000 December 2931, 2006 $16,125,000 $ 1,225,000 March 31, 2007 $ 1,225,000 June 30, 2007 $25,000,000 June 29$ 1,225,000 September 30, 2007 $25,000,000 September 28$ 1,225,000 December 31, 2007 $25,000,000 $ 1,225,000 March 31, 2008 $ 1,225,000 June 30, 2008 $ 1,225,000 September 30, 2008 $ 1,225,000 December 31, 2008 $ 1,225,000 March 31, 2009 $ 1,225,000 June 30, 2009 $ 1,225,000 September 30, 2009 $ 1,225,000 December 31, 2009 $ 1,225,000 March 31, 2010 $ 117,600,000 June 30, 2010 $ 117,600,000 September 30, 2010 $ 117,600,000 Final Maturity Date $25,000,000 provided that in the event that the Parent Borrower changes its fiscal year end $ 117,600,000 7. Amendment to the last day of December, each Subsection 2.7. Subsection 2.7 of the foregoing amortization dates (other than the Final Maturity Date) occurring after such change shall be deemed to be the last day of March, June, September or December, Credit Agreement is hereby amended in its entirety as applicable (e.g., the amortization payment scheduled for March 30, 2001 shall be due on March 31, 2001, and the amortization payment scheduled for June 29, 2001 shall be due on June 30, 2001).follows: