Tranche B Loan. To request the Borrowing of the Tranche B Loan, the Borrower shall notify the Administrative Agent of such request by telephone (x) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing and (y) in the case of an ABR Borrowing, not later than 12:00 noon, New York City time on the date of the proposed Borrowing. Such telephonic notice shall be irrevocable and shall be confirmed promptly by hand delivery, courier or telecopy to the Administrative Agent of a written Borrowing Request in a form reasonably acceptable to the Administrative Agent and signed by the Borrower. Such telephone and written Borrowing Request shall specify the following information in compliance with Section 2.01:
Tranche B Loan. (i) Subject to the terms and conditions of this Agreement and relying on the representations and warranties set forth herein, each Lender, severally and not jointly, agrees to provide its share of the Tranche B Loan to the Borrower on the Tranche B Loan Borrowing Date in Dollars in a principal amount equal to such Xxxxxx’s Tranche B Loan Commitment. No Lender shall have an obligation to make a Tranche B Loan in excess of such Xxxxxx’s Tranche B Loan Commitment.
Tranche B Loan. Lender agrees to make a term loan to Borrower on the Tranche B Closing Date in a principal amount equal to the Tranche B Loan Amount (the “Tranche B Loan”). After repayment, no Term Loan may be re-borrowed.
Tranche B Loan. AEF agrees, upon the terms and subject to the conditions set forth herein and in the Conversion Commitment Letter, to convert (herein referred to as "CONVERSION") Tranche A Loans (in an aggregate amount not exceeding the Conversion Commitment Amount) into the Tranche B Loan by furnishing a Notice of Conversion to the Customer on or after the date of Launch (or Reflight, as the case may be), PROVIDED that (i) the Satellite is not destroyed or lost during the period extending from the instant when the Launch (or Reflight, as the case may be) occurs and the instant when the Satellite has separated from the Launch Vehicle and (ii) the Satellite does separate from the Launch Vehicle. Subject to Section 2.04, the Conversion shall be effective for the period commencing on the date of Launch (or Reflight, as the case may be) and terminating on the Maturity Date. The Tranche B Loan to the extent that it is repaid or prepaid may not be reborrowed.
Tranche B Loan. 6.5 The Borrower shall on each Repayment Date that relates to all or part of the Tranche B Loan, repay to the Term Lenders such part of the Tranche B Loan as is required to be repaid by clause
Tranche B Loan. (a) Subject to and upon the terms and conditions contained herein, each Tranche B Lender agrees to make its Tranche B Loan to Canadian Borrower in US Dollars on the Closing Date. The aggregate of each Tranche B Lender’s Tranche B Loan is US$5,000,000.
Tranche B Loan. (i) Subject to Section 2.11(b)(ii) hereof, the Tranche B Loan shall bear interest, until repaid, at a rate per annum equal to the sum of (w) three percent (3%) (THE "DEFERRABLE PORTION") and (x) the greater of the following rates as in effect from time to time: (1) Base plus 750 basis points or (2) Fifteen Percent (15%) per annum (based in each case upon a 360-day year and actual days elapsed), which shall be payable as follows:
Tranche B Loan. (i) Subject to Section 2.10, each Tranche B Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) at a rate per annum equal to 16% (the "Accrual Rate").
Tranche B Loan. (1) Subject to the terms and conditions of this Agreement, each Bank agrees to make Advances to Borrower, in one or more increments, an aggregate amount not to exceed its Commitment Percentage of $30,000,000 (the "Tranche B Loan"). That part of the Tranche B Loan made by each Bank shall be evidenced by a promissory note of the Borrower, substantially in the form of Exhibit B hereto, with appropriate insertions therein as to payee, date and principal amount, payable to the order of such Bank and evidencing the obligation of the Borrower to pay a principal amount equal to the aggregate unpaid principal amount of such Bank's Commitment Percentage of the Tranche B Loan. Each promissory note executed by the Borrower in connection with the Tranche B Loan, together with any and all renewals, extensions, amendments and changes of, or substitutions for said note, is herein called a "Tranche B Note" and collectively, the "Tranche B Notes." Absent an Event of Default, until maturity of the Tranche B Notes Borrower may borrow, prepay and reborrow under the Tranche B Notes in accordance with paragraph 2(c) below. All remaining outstanding principal and interest on the Tranche B Loan shall be due and payable no later than March 30, 1997, unless extended pursuant to subparagraph 2(a)(ii)(C) below.
Tranche B Loan. If at any time the Agent determines that the aggregate unpaid principal amount outstanding under the Tranche B Notes exceeds the Tranche B Borrowing Base then in effect (such excess is hereinafter called the "Tranche B Excess Debt"), Borrower shall take one of the following actions within three Business Days following receipt of notice from the Agent of the existence of such Tranche B Excess Debt:
