Such fee shall be paid by the Borrower to the Administrative Agent for the account of Tranche B-1 Term Lenders or Tranche B-2 Term Lenders, as applicable, on the date of such prepayment or amendment (as the case may be).
During the existence of an Event of Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans if the Administrative Agent has or the Required Tranche B-1 Term Lenders, Required Tranche B-2 Term Lenders or Required Revolving Lenders, as applicable, have determined in its or their sole discretion not to permit such conversions.
Subject to the terms and conditions set forth herein, each Tranche B-1 Term Lender severally agrees to make a single loan to the Borrower on the Restatement Effective Date in an amount not to exceed such Tranche B-1 Term Lenders Tranche B-1 Term Loan Commitment.
The Term Borrowing shall consist of Initial Tranche B-1 Term Loans made simultaneously by the Tranche B-1 Term Lenders in accordance with their respective Applicable Percentage of the aggregate Initial Tranche B-1 Term Commitments.
The Tranche B-1 Term Loan Borrowing shall consist of Tranche B-1 Term Loans made simultaneously by the Tranche B-1 Term Lenders in accordance with their respective Tranche B-1 Term Loan Commitments.