Examples of Tranche B Term Loan Borrowers in a sentence
Subject to the terms and conditions of Section 9(c) hereof, Tranche B Term Loan Borrowers shall pay to Lender, contemporaneously herewith, a closing fee in the amount of $325,000, which fee shall be fully earned and nonrefundable as of the date hereof and may be charged into the loan account of any Tranche B Term Loan Borrower.
The Tranche B Term Loan Borrowers and Revolving Credit Borrowers under this Agreement and the other Loan Documents together desire to allocate among themselves, in a fair and equitable manner, their Obligations arising under this Agreement and the other Loan Documents.
Subject in all cases to the Agreed Security Principles, all Obligations of the Tranche B Term Loan Borrowers and the Revolving Credit Borrowers under this Agreement and the other Loan Documents shall be joint and several Obligations of each Tranche B Term Loan Borrower and Revolving Credit Borrower.
Tranche B Term Loan Borrowers shall use the initial proceeds of the Tranche B Term Loan provided by Lender hereunder only for: (a) general operating, working capital and other proper corporate purposes of Tranche B Term Loan Borrowers not otherwise prohibited by the terms of the Loan Agreement, and (b) costs, expenses and fees in connection with the preparation, negotiation, execution and delivery of this Amendment and the other Financing Agreements.
Until the Obligations shall have been paid in full in cash, each Tranche B Term Loan Borrower and Revolving Credit Borrower shall withhold exercise of any right of subrogation, contribution or any other right to enforce any remedy which it now has or may hereafter have against the other Tranche B Term Loan Borrowers or Revolving Credit Borrowers or any other guarantor of the Obligations.
The Administrative Agent shall on such date credit the account of the relevant Tranche B Term Loan Borrowers on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent for the relevant Tranche B Term Loan Borrowers by the Lenders and in like funds as received by the Administrative Agent.
All references to the term "Tranche B Term Loan Borrowers" in the Loan Agreement and the other Financing Agreements shall be deemed and each such reference is hereby amended to mean, collectively, Brawn, GBM, Gump's, Hanover Realty, TCS Factory, TCS Office, Silhouettes LLC, HCS LLC, Domestications LLC, CSG LLC and KIS LLC.
Tranche B Term Loan Borrowers shall pay to Lender, contemporaneously herewith, a closing fee in the amount of $375,000, which fee shall be fully earned and nonrefundable as of the date hereof and may be charged into the loan account of any Tranche B Term Loan Borrower.
On the date hereof, subject to the terms and conditions contained herein and in the other Financing Agreements, Lender shall make an additional term loan to Tranche B Term Loan Borrowers in the amount of $3,500,000, which, together with the Existing Tranche B Term Loan Balance, shall be consolidated and evidenced by and be due and payable pursuant to the terms of the Restated Tranche B Term Note.