Tranche B-2 Term Loans. Subject to the terms and conditions set forth herein, each Tranche B-2 Term Loan Lender severally agrees to exchange Existing Term Loans for Tranche B-2 Term Loans and/or make Tranche B-2 Term Loans to the Borrower in a single borrowing in Dollars on the Second Amendment Effective Date. The Tranche B-2 Term Loans shall be subject to the following terms and conditions:
Tranche B-2 Term Loans. Subject to and upon the terms and conditions set forth herein, (i) each Additional Term B-2 Lender agrees to make a term loan to the Borrower in Dollars (a “Tranche B-2 Term Loan”, which term shall include the portion of each Converted Term Loan that is converted into a Tranche B-2 Term Loan pursuant to the following clause (ii)) on the Amendment No. 4 Effective Date in an amount equal to such Additional Term B-2 Lender’s Additional Term B-2 Commitment and (ii) the Converted Term B-2 Percentage of each Converted Term Loan of any Lender shall be converted into a Tranche B-2 Term Loan of such Lender as of the Amendment No. 4
Tranche B-2 Term Loans. All outstanding Tranche B-2 Term Loans outstanding under the Third ARCA on the Fourth ARCA Effective Date shall remain outstanding hereunder on the terms set forth herein.
Tranche B-2 Term Loans. Subject to the terms and conditions set forth herein, each Tranche B-2 Term Lender severally agrees to make a single loan to the Term Borrower (an “Initial Tranche B-2 Term Loan”) on the Closing Date, in Dollars, in an amount not to exceed such Term Lender’s Initial Tranche B-2 Term Commitment. The Term Borrowing shall consist of Initial Tranche B-2 Term Loans made simultaneously by the Tranche B-2 Term Lenders in accordance with their respective Applicable Percentage of the aggregate Initial Tranche B-2 Term Commitments. Initial Tranche B-2 Term Loans repaid or prepaid may not be reborrowed. Initial Tranche B-2 Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein; provided, however, the Term Borrowing made on the Closing Date shall be made as Base Rate Loans unless the Term Borrower delivers a Funding Indemnity Letter not less than three Business Days prior to the date of such Term Borrowing.
Tranche B-2 Term Loans. (i) The Borrower shall repay to the Administrative Agent for the ratable account of the Tranche B-2 Term Lenders, on the last Business Day of each calendar quarter, an aggregate principal amount equal to 0.25% of the aggregate principal amount of the Tranche B-2 Loans outstanding on the Closing Date (each such repayment, a “Tranche B-2 Installment Payment”).
Tranche B-2 Term Loans. As of the First Amendment Effective Date, subject to the terms and conditions hereof and in the Credit Agreement, each Tranche B-2 Term Loan Lender severally agrees to make Tranche B-2 Term Loans equal to the amount notified to such Tranche B-2 Term Loan Lender by the Term Loan Refinancing Arranger (but in no event greater than the amount such Person committed to make as Tranche B-2 Term Loans pursuant to its Term Loan Joinder) to the Company. Each Tranche B-2 Term Loan Lender shall be a “Lender” under the Credit Agreement as of the First Amendment Effective Date. Amounts paid or prepaid in respect of Tranche B-2 Term Loans may not be reborrowed.
Tranche B-2 Term Loans. Subject to the terms and conditions set forth herein and in the Amendment and Restatement Agreement, each Tranche B-2 Lender has severally agreed to convert all or a portion of its existing Tranche B-1 Term Loans into, and the Indebtedness converted by such converted Tranche B-1 Term Loan will remain outstanding as, a Tranche B-2 Term Loan on the Second ARCA Effective Date in a principal amount equal to such Tranche B-2 Lender’s Tranche B-2 Commitment.
Tranche B-2 Term Loans. Each Tranche B-2 Term Loan Lender severally agrees, on the terms and conditions of this Agreement, to make term loans to the Borrowers in Dollars from and including the Iowa Acquisition Consummation Date to and including the Term Loan Commitment Expiration Date in an aggregate principal amount up to but not exceeding the amount of the Tranche B-2 Term Loan Commitment of such Lender. Subject to the terms and conditions of this Agreement, during such period the Borrowers may borrow the Tranche B-2 Term Loan Commitments by means of Base Rate Loans and Eurodollar Loans, and thereafter the Borrowers may Convert Tranche B-2 Term Loans of one Type into Tranche B-2 Term Loans of another Type (as provided in Section 2.09 hereof) or Continue Tranche B-2 Term Loans of one Type as Tranche B-2 Term Loans of the same Type (as provided in Section 2.09 hereof). Amounts prepaid or repaid in respect of Tranche B-2 Term Loans may not be reborrowed. Proceeds of Tranche B-2 Term Loans hereunder shall be available for any use permitted under the first sentence of Section 8.17(b) hereof. Anything herein to the contrary notwithstanding, except as provided in Section 2.01(g) hereof, the Tranche B-2 Term Loan Commitments will become available on the Iowa Acquisition Consummation Date but only so long as the same shall occur on or before the date sixty days after the Original Closing Date (it being understood that, as provided in Section 2.04(c) hereof, the Tranche B-2 Term Loan Commitments shall be automatically terminated on said date if they are not fully drawn on or before said date).
Tranche B-2 Term Loans. (a) Subject to the terms and conditions set forth herein, each Extending Term Lender agrees that (i) the Existing Term Loans made by such Lender under the Original Credit Agreement, in an aggregate principal amount separately agreed with the Lead Arrangers and provided to the Administrative Agent and the Borrower, shall remain outstanding on and after the Restatement Date as Tranche B-2 Term Loans made pursuant to the Restated Credit Agreement, and shall be converted into Tranche B-2 Term Loans in an equal principal amount deemed to be made pursuant to the Restated Credit Agreement on the Restatement Date and (ii) the remaining Existing Term Loans made by such Lender under the Original Credit Agreement shall remain outstanding on and after the Restatement Date as Tranche B-1 Term Loans made (or deemed to have been made) pursuant to the Restated Credit Agreement.
Tranche B-2 Term Loans. On each Quarterly Payment Date commencing June 30, 2012, the Borrower shall repay to the Tranche B-2 Term Lenders an aggregate principal amount of Tranche B-2 Term Loans equal to 0.25% of the original aggregate outstanding principal amount of the Tranche B-2 Term Loans (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05); provided, however, that the final principal repayment installment of the Tranche B-2 Term Loans shall be repaid on the Tranche B-2 Term Loan Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Tranche B-2 Term Loans outstanding on such date.
