Tranche C Term Loan. (a) Tranche C
Tranche C Term Loan. Subject to the terms and conditions set forth in this Credit Agreement, on the Tranche C Conversion Date, upon the execution and delivery of the Tranche C Term Notes (as defined in Section 3.2.2 below) to the Banks, all outstanding Tranche C Loans shall automatically convert into a term loan (the "Tranche C Term Loan") in the amount of the Tranche C Loans then outstanding. The Borrower shall pay to the Managing Agent on the Tranche C Conversion Date any commitment fees accrued to date and payable with respect to the Tranche C Commitment Amount. all interest accrued to such date on the Tranche C Loans shall be paid to the Managing Agent for the account of the Banks as provided in Section 2.3(c) hereof on the dates set forth therein. 3.2.2
Tranche C Term Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Tranche C Term Loan”) to the Borrower in Dollars on the Closing Date in an amount not to exceed such Lender’s Tranche C Term Loan Commitment. Amounts repaid on the Tranche C Term Loan may not be reborrowed. The Tranche C Term Loan may consist of Base Rate Loans or Eurodollar Rate Loans, as further provided herein, provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans.
Tranche C Term Loan. The principal amount of the Tranche C Term Loan shall be payable as provided in the Tranche C Term Loan Joinder Agreement pursuant to which the Tranche C Term Loan is established.
Tranche C Term Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (or pursuant to the immediately succeeding sentence, elects to convert all or a portion of such Lender's Tranche B Term Loans into a like portion of a new term loan) (such loans and conversions, collectively, the "Tranche C Term Loan") to the Borrower on the First Amendment Effective Date in an amount not to exceed such Lender's Tranche C Term Loan Commitment. In connection with the making of the Tranche C Term Loan pursuant to the immediately preceding sentence, any Lender holding Tranche B Term Loans may elect to make all or any portion of such Lender's Tranche C Term Loan by converting all or a portion of the outstanding principal amount of the Tranche B Term Loans of such Lender into a Tranche C Term Loan in a principal amount equal to the amount of its Tranche B Term Loans so converted (each such Tranche B Term Loan to the extent it is to be converted, a "Converted Tranche B Term Loan"). Delivery of a counterpart signature to the First Amendment by a Lender holding Tranche B Term Loans, with no other notice to the Administrative Agent, shall be deemed to be an election by such Lender to fund its pro rata share of the Tranche C Term Loan in the form of a Converted Tranche B Term Loan. On the First Amendment Effective Date, the Converted Tranche B Term Loans of all Lenders shall be converted for all purposes of this Agreement into Tranche C Term Loans, and the Administrative Agent shall record in the Registrar the aggregate amounts of Converted Tranche B Term Loans into Tranche C
Tranche C Term Loan. The Tranche C Term Loan shall mature (i) in twelve (12) consecutive monthly installments of twenty thousand dollars ($20,000) each, payable on the last Business Day of each month from June, 2002 through May, 2003, and a final principal payment of the entire unpaid principal balance plus interest due and owing thereon on June 30, 2003. Each installment paid on account of principal of and interest on the Loans pursuant to this Section 2.2(c) shall be made pro rata to each Lender according to their respective Tranche C Term Loan Percentages. Notwithstanding the foregoing, the Tranche C Term Loan shall be subordinated and junior in right of payment to the payment of the Tranche A Loan, as provided in the Tranche C Intercreditor and Subordination Agreement. Without limitation of the foregoing, no payment by the Borrowers or principal or interest shall be applied in respect of the Tranche C Term Loan if any installment of principal or interest in respect of the Tranche A Loan or the Tranche B Loan has not been paid when due and remains unpaid.
Tranche C Term Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Tranche C Term Loan”) to the Borrower in Dollars on the Amendment No. 6 Effective Date (or on the effective date of any increase in the aggregate Tranche C Term Loan Commitments pursuant to Section 2.01(e), as applicable) in an amount not to exceed such Lender’s Tranche C Term Loan Commitment. Without limitation of Section 2.01(e), amounts repaid on the Tranche C Term Loan after the Amendment No. 6 Effective Date may not be reborrowed. The Tranche C Term Loan may consist of Base Rate Loans or Eurodollar Rate Loans, as further provided herein; provided, however, unless otherwise agreed by the Administrative Agent and the Borrower, all Borrowings made on the Amendment No. 6 Effective Date shall be made as Base Rate Loans, and such Borrowings may not be converted into Eurodollar Rate Loans until the tenth Business Day following the Amendment No. 6 Effective Date.
Tranche C Term Loan. The Borrower shall repay the outstanding principal amount of the Tranche C Term Loan in installments on the last Business Day of each month and in the amounts set forth in the table below (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05 or as the result of an increase in the amount of the aggregate Tranche C Term Loan Commitments pursuant to Section 2.01(e)), unless accelerated sooner pursuant to Section 9.02: Principal Amortization Payment Dates Payment September, 2006 $875,000 December, 2006 $875,000 March, 2007 $875,000 June, 2007 $875,000 September, 2007 $875,000 December, 2007 $875,000 March, 2008 $875,000 June, 2008 $875,000 September, 2008 $875,000 December, 2008 $875,000 March, 2009 $875,000 June, 2009 $875,000 September, 2009 $875,000 December, 2009 $875,000 March, 2010 $875,000 June, 2010 $875,000 September, 2010 $875,000 December, 2010 $875,000 March, 2011 $875,000 June, 2011 $875,000 September, 2011 $875,000 December, 2011 $875,000 March, 2012 $875,000 June, 2012 $875,000 September, 2012 $82,250,000 December, 2012 $82,250,000 March, 2013 $82,250,000 Maturity Date Remaining Balance
Tranche C Term Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the "Tranche C Term Loan") to the Borrower in Dollars on the Amendment No. 3 Effective Date in an amount not to exceed such Lender's Tranche C Term Loan Commitment. Amounts repaid on the Tranche C Term Loan may not be reborrowed. The Tranche C Term Loan may consist of Base Rate Loans or Eurodollar Rate Loans, as further provided herein, provided, however, all Borrowings made on the Amendment No. 3 Effective Date shall be made as Base Rate Loans, and such Borrowings may not be converted into Eurodollar Rate Loans until the tenth Business Day following the Amendment No. 3 Effective Date (or such earlier date as the Administrative Agent and the Borrower shall agree following the completion of the primary syndication of the Tranche C Term Loan).
Tranche C Term Loan. At any time after the Closing ------------------- Date, the Borrower may elect to establish a Tranche C Term Loan hereunder as provided below, and in such case, each Lender with a Tranche C Term Loan Commitment severally agrees to make its Tranche C Term Loan Commitment Percentage of a term loan (the "Tranche C Term -------------- Loan") in Dollars to the Borrower in the aggregate principal amount of ---- the Tranche C Term Loan. Amounts repaid on the Tranche C Term Loan may not be reborrowed.
