Examples of Tranche B Revolving Credit Loans in a sentence
In the case of each Loan (other than any Tranche B Revolving Credit Loans resulting from the conversion of RFC Loans to Tranche B Revolving Credit Loans pursuant to subsection 2.1(d)), no Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Loans requested to be made on such date.
In the case of each Loan (other than any Tranche B Revolving Credit Loans resulting from the conversion of RFC Loans to Tranche B Revolving Credit Loans pursuant to subsection 2.1(d)), each of the representations and warranties made by the Company and its Subsidiaries in or pursuant to the Loan Documents shall be true and correct in all material respects on and as of such date as if made on and as of such date.
The Tranche B Revolving Credit Commitments, the Tranche B Revolving Credit Loans, the swing line loans and the letters of credit issued thereunder shall have the terms as specified in the Restated Credit Agreement (including, without limitation, with respect to the interest rate, maturity date, mandatory prepayments and voluntary prepayments).
For the avoidance of doubt and notwithstanding anything in this Amendment to the contrary, the Tranche B Revolving Credit Commitments and the Tranche B Revolving Credit Loans shall be considered a separate tranche of Indebtedness under the Credit Agreement.
On and as of the Third Amendment Effective Date and after giving effect to this Amendment, the Tranche B Revolving Credit Commitments contemplated hereby and any Tranche B Revolving Credit Loans made thereunder, each of the conditions precedent to the effectiveness of such New Revolving Credit Commitments under Section 2.14 of the Credit Agreement shall have been satisfied.
The Borrower has requested that the Original Credit Agreement be amended and restated by this Agreement in order to (a) provide for certain Lenders to make Tranche B Revolving Credit Loans in an amount at any time outstanding not in excess of $25,000,000, the proceeds of which will be used for working capital and general corporate purposes, (b) provide for the continuation of the outstanding loans and commitments under the Original Credit Agreement and (c) provide for the other changes described herein.
For the avoidance of doubt, the prepaying Borrower may prepay Tranche A Revolving Credit Loans and/or Tranche B Revolving Credit Loans in its sole discretion.
Tranche B Revolving Credit Extensions” means, as of any date, the amount of all Tranche B Revolving Credit Loans outstanding.
Each borrowing of Tranche B Revolving Credit Loans by the Borrower from the Lenders hereunder, each payment by the Borrower on account of any commitment fee in respect of the Tranche B Revolving Credit Commitments hereunder shall be made pro rata according to the respective Tranche B Revolving Credit Percentages of the Lenders.
Each borrowing of Tranche B Revolving Credit Loans shall be made by each Tranche B Revolving Credit Lenders pro rata based on such Lender's Tranche B Revolving Credit Commitment Percentage.