Tranche B Loans. Subject to the terms and conditions hereof, each Lender agrees to make loans to Borrower (herein called such Lender's "Tranche B Loans") upon Borrower's request from time to time during the Tranche B Revolving Period, provided that (a) subject to Sections 3.3, 3.4 and 3.6, all Lenders are requested to make Tranche B Loans of the same Type in accordance with their respective Percentage Shares and as part of the same Borrowing, (b) after giving effect to such Tranche B Loans, the Tranche B Facility Usage does not exceed the Tranche B Borrowing Base (as defined in Section 2.10) and (c) the Aggregate Facility Usage does not exceed the Maximum Loan Amount. The aggregate amount of all Loans in any Borrowing of Tranche B Loans that are Base Rate Loans must be greater than or equal to $100,000 or must equal the remaining availability under the Tranche B Borrowing Base. The aggregate amount of all Loans in any Borrowing of Tranche B Loans that are Eurodollar Loans must be greater than or equal to $500,000 or must equal the remaining availability under the Tranche B Borrowing Base. Borrowers may have not more than three Borrowings of Tranche B Loans that are Eurodollar Loans outstanding at any time. The obligation of Borrower to repay to each Lender the aggregate amount of all Tranche B Loans made by such Lender, together with interest accruing in connection therewith, shall be evidenced by a single promissory note (herein called such Lender's "Tranche B Note") made by Borrower payable to the order of such Lender in the form of Exhibit A-2 with appropriate insertions. The amount of principal owing on any Lender's Tranche B Note at any given time shall be the aggregate amount of all Tranche B Loans theretofore made by such Lender minus all payments of principal theretofore received by such Lender on such Tranche B Note. Interest on each Tranche B Note shall accrue and be due and payable as provided herein and therein. Each Tranche B Note shall be due and payable as provided herein and therein, and shall be due and payable in full on the Tranche B Maturity Date. Subject to the terms and conditions hereof, Borrower may borrow, repay, and reborrow Tranche B Loans hereunder.
Tranche B Loans. The Borrower shall repay (i) on the last day of each of January, April, July and October beginning with January 31, 2019, a principal amount of Tranche B Loans equal to Original Tranche B Loan Amount multiplied by 0.25% to the Agent, for the ratable benefit of the Tranche B Lenders and (y) on the Tranche B Maturity Date, to the Agent, for the ratable benefit of the Tranche B Lenders, all Tranche B Loans outstanding on the Tranche B Maturity Date.
Tranche B Loans. The proceeds of the Tranche B Loans made on the Effective Date shall be available (and the Borrower agrees that it shall use such proceeds) solely to finance the Borrower Refinancing.
Tranche B Loans. The following interest and fees shall be payable with respect to Tranche B Loans:
Tranche B Loans. On the terms and subject to the conditions contained in this Agreement and in reliance upon the representations and warranties of the Obligors set forth herein, each Lender further agrees to make one or more Loans to the Borrowers (each, a "Tranche B Loan") on the Closing Date and on each other Funding Date requested by a Borrower in a Notice of Borrowing given in accordance with Section 2.2 in an amount not to exceed, in the aggregate for all Tranche B Loans made by such Lender on all Funding Dates, the Tranche B Commitment of such Lender. No Tranche B Loan, when combined with the aggregate amount of prior Tranche B Loans, shall exceed the principal and interest amount paid or prepaid under the Airbus A321 Financings from and after the date of the MOU (May 18, 2005) to and including the Funding Date for such Tranche B Loan (including, for the avoidance of doubt, principal and interest to be paid with the proceeds of the proposed Tranche B Loan). No Tranche B Loan shall be made unless all amounts which are due and payable on the Funding Date for such Tranche B Loan under the A321 Airbus Financings have been, or immediately following the application of the proceeds of such Tranche B Loan will have been, paid in full. There may be multiple Borrowings of Tranche B Loans. Tranche B Loans repaid or prepaid may not be reborrowed hereunder.
Tranche B Loans. Upon the terms and subject to the conditions of this Agreement, each Tranche B Lender agrees to make a Tranche B Loan in a single advance to the Borrower on the Closing Date in a principal amount not exceeding such Tranche B Lender’s Commitment; provided that the aggregate of all Tranche B Loans made on the Closing Date shall not exceed $9,604,696. Any unutilized Tranche B Lender’s Commitment outstanding immediately after the disbursement of the Tranche B Loans on the Closing Date shall terminate and not be reinstated.
Tranche B Loans. The Borrower hereby promises and agrees to pay the Administrative Agent, for account of the Tranche B Lenders, the Tranche B Loans evidenced by the Tranche B Notes on the following terms:
Tranche B Loans. If the aggregate amount of the Tranche B Available Funds exceeds $300,000,000 (such excess amount at any time, the “Tranche B Excess Availability”) and such excess is greater than $5,000,000 (i) if the Borrowing Base Certificate is delivered on a weekly basis, on the date such Borrowing Base Certificate is delivered and (ii) otherwise, on the last Business Day of any calendar week, the Borrower shall prepay the Loans (excluding any portion of the Loans comprising interest that is paid in kind on such Loans pursuant to Section 2.05(b)) within one (1) Business Day of such date in an amount equal to the Tranche B Excess Availability. Notwithstanding anything to the contrary contained in this Agreement, from and after the later of (A) the effectiveness of the amendments to each of the Master Restructuring Agreement and the Global Settlement Agreement referred to in Section 5.03 and (B) the Tranche B Termination Date, on each date, the Borrower shall immediately repay, as a set-off by GM in accordance with Section 2.07, an amount equal to the lesser of (x) the Tranche B Obligations outstanding hereunder on such date and (y) any amounts due and payable by GM or its Affiliates to or for the credit or the account of the Borrower or any Guarantor under such agreements on such date.
Tranche B Loans. The Borrower agrees to pay to the Administrative Agent for the account of each Tranche B Lender the full principal amount of the Tranche B Loans on the Tranche B Maturity Date.
Tranche B Loans. Subject to the terms and conditions of this Agreement (including, without limitation, Section 2.13(a)), each Tranche B Lender severally agrees to make one or more loans to the Borrower from time to time from and including the Closing Date to but excluding the Tranche B Commitment Termination Date up to but not exceeding the amount of such Tranche B Lender's Tranche B Commitment as then in effect; provided, however, that the aggregate outstanding principal amount of the Tranche B Loans shall not at any time exceed the Permitted Third-
