Tranche C Loan. To request the Borrowing of the Tranche C Loan, the Borrower shall notify the Administrative Agent of such request by telephone (x) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing and (y) in the case of an ABR Borrowing, not later than 12:00 noon, New York City time on the date of the proposed Borrowing. Such telephonic notice shall be irrevocable and shall be confirmed promptly by hand delivery, courier or telecopy to the Administrative Agent of a written Borrowing Request in a form reasonably acceptable to the Administrative Agent and signed by the Borrower. Such telephone and written Borrowing Request shall specify the following information in compliance with Section 2.01:
Tranche C Loan. (i) Subject to the terms and conditions of this Agreement and relying on the representations and warranties set forth herein, each Lender, severally and not jointly, agrees to provide its share of the Tranche C Loan to the Borrower on the Tranche C Loan Borrowing Date in Dollars in a principal amount equal to such Xxxxxx’s Tranche C Loan Commitment. No Lender shall have an obligation to make a Tranche C Loan in excess of such Xxxxxx’s Tranche C Loan Commitment.
Tranche C Loan. (i) Subject to the terms and conditions of this Agreement and relying on the representations and warranties set forth herein, each Lender, severally and not jointly, agrees to provide its share of the Tranche C Loan to Borrower on the Tranche C Loan Borrowing Date in Dollars in a principal amount equal to such Lender’s Tranche C Loan Commitment. No Lender shall have an obligation to make a Tranche C Loan in excess of such Lender’s Tranche C Loan Commitment. (ii) Subject to the terms and conditions of this Agreement (including Section 6.03), Borrower shall deliver to the Administrative Agent a fully executed Borrowing Notice no later than 5 p.m. (New York City time) at least three (3) Business Days in advance of the proposed Tranche C Loan Borrowing Date. (iii) Borrower may make one borrowing under the Tranche C Loan Commitment which shall be on the Tranche C Loan Borrowing Date. Subject to Section 3.03, all amounts owed hereunder with respect to the Tranche C Loan shall be paid in full no later than the Maturity Date. (d)
Tranche C Loan. (i) Subject to Section 2.11(c)(ii), below, the Tranche C Loan shall bear interest until repaid, fixed at Twenty Percent (20%) per annum for the period commencing with the Closing Date and ending November __, 2001 and Twenty FivePercent (25%) per annum at all times thereafter (determined based upon a 360-day year and actual days elapsed) which interest shall be payable on the first Business Day of each calendar month in arrears, and on the Tranche C Maturity Date.
Tranche C Loan. Each Tranche C Bank severally agrees, on the terms and conditions set forth in this Agreement, to make the Tranche C Loan on the Closing Date to Borrower in an amount such that the aggregate principal amount of the Tranche C Loan by such Bank at any one time outstanding shall not exceed the amount of its Tranche C Commitment. The aggregate amount of Tranche C Loans to be made hereunder shall not exceed Two Hundred Million Dollars ($200,000,000) (the "Tranche C Loan Amount").
Tranche C Loan. Subject to the terms and conditions set forth herein, the Lender agrees to make Tranche C Loans to the Borrower from time to time during the Tranche C Availability Period in an aggregate principal amount that will not result in the Tranche C Exposure exceeding the Tranche C Commitment. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow the Tranche C Loans.
Tranche C Loan. On the terms and subject to the conditions contained in this Agreement, the Lender agrees to make a single loan (the “Tranche C Loan”) to the Borrower, which Tranche C Loan (i) shall be made only on a Business Day at least three Business Days after the Merger Date but prior to the Maturity Date, (ii) may, at the option of the Borrower, be repaid pursuant to Section 2.04 hereof, but once repaid may not be reborrowed, and (iii) shall not exceed the amount of the Tranche C Loan Commitment. The Tranche C Loan shall be evidenced by the Tranche C Note.
Tranche C Loan. Subject to and upon the terms and conditions set forth in this Agreement, the Lender hereby agrees to make (by means of conversion of a portion of revolving loans outstanding under the 1995 Credit Agreement), on the Closing Date, to Borrowers a term loan (the "Tranche C Loan") in the aggregate principal amount of twelve million dollars ($12,000,000). The Tranche C Loan made by the Lender shall be evidenced by a promissory note substantially in the form of Exhibit F attached hereto, payable --------- to the Lender in the original principal amount of the Tranche C Loan (together with any extension, renewal, modification or replacement thereof or therefor, the "Tranche C Note"). Once repaid, the Tranche C Loan may not be reborrowed.
Tranche C Loan. Subject to the terms and conditions of this Agreement, each Lender severally agrees to restructure a portion of the loans outstanding under the Existing Credit Agreement as the Tranche C Loan to the Borrower on the date hereof up to but not exceeding the amount of such Lender's Tranche C Commitment. The Borrower may not reborrow hereunder any Tranche C Advance which have been repaid. The Tranche C Loan made by each Lender shall be made and maintained at such Lender's Applicable Lending Office.
Tranche C Loan. Section 10 of the Forbearance Agreement, dated as of even date herewith entered into by and among Borrower, Agent, the Lenders and the Guarantors is incorporated herein by reference as if set forth herein at length. The Borrower shall execute and deliver to the Lenders new promissory notes substantially in the form of the Tranche A Notes made by Borrower for each Lender in the amount of such Lender’s Pro Rata Share of the Tranche C Loan, which notes shall collectively be in the aggregate original principal amount of up to $9,700,000.
