Common use of Tranche C Loans Clause in Contracts

Tranche C Loans. Subject to the terms and conditions of this Agreement (including, without limitation, Section 2.13(a)), each Tranche C Lender severally agrees to make one or more loans to the Borrower from time to time from and including the Closing Date to but excluding the Tranche C Commitment Termination Date up to but not exceeding the amount of such Tranche C Lender's Tranche C Commitment as then in effect. Notwithstanding anything to the contrary contained in this Agreement, the Borrower, the Administrative Agent and the Lenders agree that, as of the Closing Date, the aggregate outstanding principal amount of the Original Tranche C Loans was $______________ , which amount shall be deemed outstanding as Tranche C Loans hereunder. (Such loans referred to in this Section 2.1(c) now or hereafter made or deemed made by the Tranche C Lenders to the Borrower, including, without limitation, such loans which remain outstanding after the Tranche C Commitment Termination Date, are hereinafter collectively called the "Tranche C Loans".) The Borrower may not reborrow the Tranche C Loans which have been repaid; provided, however, that the Borrower may reborrow the Tranche C Loans which have been prepaid in accordance with Section 2.7(e) in the event that the Borrower elects to increase the Tranche C Commitments in accordance with Section 2.13(c) by an amount equal to or greater than the amount of such reborrowed Loan.

Appears in 2 contracts

Samples: Credit Agreement (Alamosa PCS Holdings Inc), Credit Agreement (Alamosa PCS Holdings Inc)

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Tranche C Loans. Subject to the terms and conditions of this Agreement (including, without limitation, Section 2.13(a)), each Tranche C Lender severally agrees to make one or more loans to the Borrower from time to time from and including the Closing Date to but excluding the Tranche C Commitment Termination Date up to but not exceeding the amount of such Tranche C Lender's Tranche C Commitment as then in effect. Notwithstanding anything to the contrary contained in this Agreement, the Borrower, the Administrative Agent and the Lenders agree that, as of the Closing Date, the aggregate outstanding principal amount of the Original Tranche C Loans was is $______________ 368,519.86, which amount shall be deemed outstanding as Tranche C Loans hereunder. (Such loans referred to in this Section 2.1(c) now or hereafter made or deemed made by the Tranche C Lenders to the Borrower, including, without limitation, such loans which remain outstanding after the Tranche C Commitment Termination Date, are hereinafter collectively called the "Tranche C Loans".) The Borrower may not reborrow the Tranche C Loans which have been repaid; provided, however, that the Borrower may reborrow the Tranche C Loans which have been prepaid in accordance with Section 2.7(e) in the event that the Borrower elects to increase the Tranche C Commitments in accordance with Section 2.13(c) by an amount equal to or greater than the amount of such reborrowed Loan.

Appears in 1 contract

Samples: Credit Agreement (Texas Telecommunications Lp)

Tranche C Loans. Subject to As of the Closing Date, the outstanding principal balance of the Existing Tranche C-1 Loan is as set forth on the Closing Statement and the accrued and unpaid interest thereon is as set forth on the Closing Statement, the outstanding principal balance of the Existing Tranche C-2 Loan is as set forth on the Closing Statement, the outstanding principal balance of the Existing Tranche C-3 Loan is as set forth on the Closing Statement, and the Existing Tranche C-3 Accrued Interest is as set forth on the Closing Statement. The Existing Tranche C Loans shall be continued as a Tranche C Loan hereunder. On the terms and conditions of this Agreement (including, without limitation, Section 2.13(a)), each Tranche C Lender severally agrees to make one or more loans subject to the Borrower from time to time from and including the Closing Date to but excluding the Tranche C Commitment Termination Date up to but not exceeding the amount of such Tranche C Lender's Tranche C Commitment as then in effect. Notwithstanding anything to the contrary conditions contained in this Agreement, the Borrower, Lender agrees to make additional Tranche C Loans to the Administrative Agent and the Lenders agree that, Borrower under as set forth in clause (a)(i) of the Closing Acquisition Guidelines and in its sole and absolute discretion may make additional loans to the Borrower pursuant to clause (a)(ii) and clause (b)(ii) of the Acquisition Guidelines. Each Tranche C Loan (i) may be made from time to time on any Business Day up to thirty (30) days prior to the Maturity Date, (ii) shall be repaid pursuant to the terms hereof and (iii) once repaid may be reborrowed. The aggregate outstanding principal amount of the Original all Tranche C Loans was $______________ , which may not exceed at any time the amount shall be deemed outstanding as of the Tranche C Loan Commitment. The Tranche C Loans hereunder. (Such loans referred to in this Section 2.1(c) now or hereafter made or deemed made shall be evidenced by the Tranche C Lenders to the Borrower, including, without limitation, such loans which remain outstanding after the Tranche C Commitment Termination Date, are hereinafter collectively called the "Tranche C Loans"Note.) The Borrower may not reborrow the Tranche C Loans which have been repaid; provided, however, that the Borrower may reborrow the Tranche C Loans which have been prepaid in accordance with Section 2.7(e) in the event that the Borrower elects to increase the Tranche C Commitments in accordance with Section 2.13(c) by an amount equal to or greater than the amount of such reborrowed Loan.

Appears in 1 contract

Samples: Credit Agreement (Hearusa Inc)

Tranche C Loans. Subject to the terms and conditions of provisions set forth in this Agreement (including, without limitation, Section 2.13(a))Credit Agreement, each Tranche C Lender agrees, severally agrees but not jointly, to make one or more loans advance to the Borrower from time to time from and including the Closing Date to but excluding during the Tranche C Commitment Termination Date up to Loan Availability Period, but not exceeding more than twice in any month, such loans as Borrower may request under Section 2.3(b) (individually, a “Tranche C Loan”; and, collectively, the “Tranche C Loans”), in an aggregate principal amount of not to exceed such Tranche C Lender's ’s Proportionate Share (Commitment) of the Tranche C Commitment as then in effect. Notwithstanding Loan Commitment; provided that, notwithstanding anything herein to the contrary contained in this Agreementcontrary, the Borrower, the Administrative Agent and the Lenders agree that, as there shall be no more than one borrowing of the Closing Date, the Tranche C Loans that are Salmon Falls Loans hereunder. The aggregate outstanding principal amount of the Original Tranche C Loan Commitments shall not exceed $0 (such amount, as may be reduced from time to time in accordance with the terms hereof, the “Total Tranche C Loan Commitment”). The aggregate amount of Tranche C Loans was $______________ , which amount outstanding at any point in time shall not exceed the Total Tranche C Loan Commitment. Each Tranche C Lender’s Tranche C Loan Commitment shall be deemed outstanding as Tranche C Loans hereunder. (Such loans referred to in this Section 2.1(c) now or hereafter made or deemed made by irrevocably terminated upon the termination of the Tranche C Lenders to the Borrower, including, without limitation, such loans which remain outstanding after the Tranche C Commitment Termination Date, are hereinafter collectively called the "Tranche C Loans"Loan Availability Period.) The Borrower may not reborrow the Tranche C Loans which have been repaid; provided, however, that the Borrower may reborrow the Tranche C Loans which have been prepaid in accordance with Section 2.7(e) in the event that the Borrower elects to increase the Tranche C Commitments in accordance with Section 2.13(c) by an amount equal to or greater than the amount of such reborrowed Loan.

Appears in 1 contract

Samples: Management Services Agreement (Macquarie Infrastructure Corp)

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Tranche C Loans. Subject to the terms and conditions of this Agreement (including, without limitation, Section 2.13(a)) and Article 6), each Tranche C Lender severally agrees to make one or more loans to the Borrower from time to time from and including the Closing New Advance Date to but excluding the Tranche C Commitment Termination Date up to but not exceeding the amount of such Tranche C Lender's Tranche C Commitment as then in effect; provided, however, that the aggregate outstanding principal amount of the Tranche B Loans and the aggregate outstanding principal amount of the Tranche C Loans used to pay Permitted Third-Party Expenses shall not at any time exceed the Permitted Third-Party Expenses Borrowing Base. Notwithstanding anything to the contrary contained in this Agreement, the Borrower, the Administrative Agent and the Lenders agree that, as of the Closing Date, the aggregate outstanding principal amount of the Original Tranche C Loans was is $______________ 368,519.86, which amount shall be deemed outstanding as Tranche C Loans hereunder. (Such loans referred to in this Section 2.1(c) now or hereafter made or deemed made by the Tranche C Lenders to the Borrower, including, without limitation, such loans which remain outstanding after the Tranche C Commitment Termination Date, are hereinafter collectively called the "Tranche C Loans".) The Borrower may not reborrow the Tranche C Loans which have been repaid; provided. The parties hereto hereby agree that, howeveras of the Closing Date, that the Borrower may reborrow aggregate outstanding principal amount of the Tranche C Loans which have been prepaid in accordance with Section 2.7(e) in the event that the Borrower elects to increase the Tranche C Commitments in accordance with Section 2.13(c) by an amount equal to or greater than the amount of such reborrowed Loanis $368,519.86.

Appears in 1 contract

Samples: Credit Agreement (Alamosa Holdings Inc)

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