Facility B Advances. Except as set forth in Section 2.3(b), the Facility B Advances shall bear interest, on the outstanding daily balance thereof, at a variable rate equal to two percent (2%) above the Prime Rate.
Facility B Advances. Each Lender severally agrees, upon the terms and ------------------- subject to the conditions of this Agreement, to purchase on the Agreement Date a portion, equal to its Specified Percentage of the Facility B Commitment, of the then-outstanding balance of the Facility B Advances under the Existing Credit Agreement. Notwithstanding any provision in any Loan Document to the contrary, in no event shall the principal amount of all outstanding Facility B Advances exceed the Facility B Commitment. Facility B Advances may not be repaid and then reborrowed. The Borrower hereby acknowledges and agrees that the "Facility B Commitment Termination" (as such term is defined in the Existing Credit Agreement) has heretofore occurred and that, except as provided herein with respect to the purchase by the Lenders of the outstanding Facility B Advances under the Existing Credit Agreement as of the Agreement Date, none of the Lenders under the Existing Credit Agreement or hereunder have any obligation to make any further or additional Facility B Advance(s) thereunder or hereunder.
Facility B Advances. To the extent not otherwise required to be paid ------------------- earlier as provided herein, the principal amount of the Facility B Advances shall be repaid on each of the following dates in such amounts as set forth next to each such date below: Amount of Reduction of Payment Date Facility B Advances as of each Date ------------ ----------------------------------- April 1, 1999 $ 500,000 July 1, 1999 $ 500,000 October 1, 1999 $ 500,000 January 1, 2000 $1,000,000 April 1, 2000 $1,000,000 July 1, 2000 $1,000,000 October 1, 2000 $1,000,000 January 1, 2001 $2,000,000 April 1, 2001 $2,000,000 July 1, 2001 $2,000,000 October 1, 2001 $2,000,000 January 1, 2002 $2,000,000 April 1, 2002 $2,000,000 July 1, 2002 $2,000,000 April 30, 2002 $2,000,000 Facility B Maturity Date $3,500,000 or such other amount of Facility B Advances then outstanding To the extent not otherwise required to be paid earlier as provided herein, the principal amount of the Facility B Advances, all accrued interest and fees thereon, and all other Obligations related thereto, shall be due and payable in full on the Facility B Maturity Date.
Facility B Advances. The Pro Rata Share of any Lender of the Facility B Loan shall not at any time exceed such Lender's Facility B Commitment. The obligations of each Lender hereunder shall be several and not joint. Until the Facility B Commitment Termination Date, Borrowers may from time to time borrow, repay and reborrow under this Section 2.2. After the Facility B Commitment Termination Date, amounts repaid or prepaid may not be reborrowed under this Section 2.2.
Facility B Advances. Each Lender severally agrees, upon the terms and subject to the conditions of this Agreement, to make a one-time Facility B Advance to the Borrower prior to or on the Facility B Commitment Termination Date in an amount not to exceed its Specified Percentage of the Facility B Commitment for the purposes set forth in SECTION 5.8(b) hereof. Notwithstanding any provision in any Loan Document to the contrary, in no event shall the principal amount of all outstanding Facility B Advances exceed the Facility B Commitment. Facility B Advances may not be repaid and then reborrowed.
Facility B Advances. Subject to the terms and conditions herein, the Lender agrees to make Facility B Advances to O.S.I. Puerto Rico, from time to time on any Business Day from the Closing Date through April 30, 2000, in an aggregate principal amount outstanding at any time not to exceed the Facility B Amount, as such Facility B Amount may be reduced from time to time in accordance with the provisions of this Agreement. Notwithstanding the preceding sentence or any other provision hereof to the contrary, O.S.I. Puerto Rico may not request, and the Bank shall have no obligation to make, Negotiated Rate Advances prior to May 1, 2000. From and after May 1, 2000, subject to the terms and conditions hereof, O.S.I. Puerto Rico may request that outstanding Base Rate Advances and outstanding Eurodollar Rate Advances under Facility B be converted into Negotiated Rate Advances pursuant to Section 2.8 of this Agreement. Facility B Advances which are repaid or prepaid by O.S.I. Puerto Rico may not be reborrowed.
Facility B Advances. See Section 2.01(b).
Facility B Advances. Each Facility B Advance hereunder (other than Facility B Competitive Bid Advances) shall consist of borrowings made from the several Lenders in accordance with their respective Facility B Commitments. The Facility B Advances (other than any Facility B Competitive Bid Advances) shall be evidenced by the Facility Notes.
Facility B Advances. Subject to the terms and conditions herein, the Lender agrees to make Facility B Advances to O.S.I. Puerto Rico, from time to time on any Business Day from the Closing Date through October 31, 1999, in an aggregate principal amount outstanding at any time not to exceed the Facility B Amount, as such Facility B Amount may be reduced from time to time in accordance with the provisions of this Agreement. Notwithstanding the preceding sentence or any other provision hereof to the contrary, O.S.I. Puerto Rico may not request, and the Bank shall have no obligation to make, Negotiated Rate Advances prior to November 1, 1999. From and after November 1, 1999, subject to the terms and conditions hereof, O.S.I. Puerto Rico may
Facility B Advances. 19 (c) Use of Proceeds........................................... 19 SECTION 2.2. Mechanics of Advances..................................... 19 (a) Borrowings................................................ 19 (b)
