Term Loan B Obligations means any Term Loan B Loan advanced by the Lenders on the Closing Date, together with any Term Letter of Credit that has been converted into a Term Loan B Loan pursuant to Annex A hereof.
The Borrowers shall pay the accrued interest on the Term Loan B Obligations and the Commitment Fee on the Term Letter of Credit Obligations in cash on each Interest Payment Date.
Term Loan B Obligations shall have the same meaning as the term Obligations has under the Term Loan B Credit Agreement.
The Borrowers agree to pay the Applicable Payment Fee on all amounts repaid or prepaid on the Term Loan B Obligations and no amounts repaid or prepaid may be reborrowed.
Subject to SECTION 2.08, all payments under this SECTION 3.02 shall be applied to the Term Loan B Obligations until all of the Term Loan B Obligations are repaid in full on a pro rata basis according to each Lender's Pro Rata Share and thereafter shall be applied to cash collateralize the Term Letter of Credit Obligations as set forth in Annex A.
Bank shall make a term loan to Borrower in the amount of $5,500,000 (the Term Loan C Commitment Amount and such loan being the Term Loan C) within five (5) days from the date of the April 2009 Amendment subject to the satisfaction of the terms and conditions of this Agreement, the proceeds of which shall be used exclusively to repay the Term Loan B Obligations.