Common use of Procedure for Tranche C Term Loan Borrowing Clause in Contracts

Procedure for Tranche C Term Loan Borrowing. The entire amount of the Tranche C Term Loan shall be made in a single borrowing on the Restatement Effective Date. A Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Effective Date) requesting that the Tranche C Term Loan Lenders make the Tranche C Term Loans on the Restatement Effective Date and specifying the amount to be borrowed. The Tranche C Term Loans made (or deemed made) on the Restatement Effective Date shall initially be Base Rate Loans. Upon receipt of such notice the Administrative Agent shall promptly notify each Tranche C Term Loan Lender thereof. Not later than 12:00 Noon, New York City time, on the Restatement Effective Date each Tranche C Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Tranche C Term Loan or Tranche C Term Loans to be made by such Lender, except to the extent such Lender elects to convert Tranche B Term Loans into Tranche C Term Loans pursuant to Section 2.2(b). The Administrative Agent shall make available to the applicable Borrower the aggregate of the amounts made available to the Administrative Agent by the Tranche C Term Loan Lenders in like funds.

Appears in 2 contracts

Samples: Credit Agreement (Regal Entertainment Group), Credit Agreement (Regal Cinemas Corp)

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Procedure for Tranche C Term Loan Borrowing. The entire amount of ---------------------------------------------------------- Company may borrow the Tranche C Term Loan shall be made in a single borrowing Loans on the Restatement Effective Date. A Borrower , provided that the Company shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, (a) three Business Days prior to the Restatement Effective Date, if all or any part of the requested Tranche C Term Loans are to be initially Eurodollar Loans, or (b) one Business Day prior to the anticipated Restatement Effective Date, otherwise), specifying in each case (i) requesting that the Tranche C Term Loan Lenders make the Tranche C Term Loans on the Restatement Effective Date and specifying the amount to be borrowed. The Tranche C Term Loans made , (or deemed madeii) on the requested Restatement Effective Date shall initially Date, (iii) whether the borrowing is to be of Eurodollar Loans, Base Rate Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Periods therefor. Upon receipt of any such notice from the Company, the Administrative Agent shall promptly notify each Tranche C Term Loan Lender thereof. Not later than 12:00 Noon11:00 A.M., New York City time, on the Restatement Effective Date each Tranche C Term Loan Lender shall make available to the Administrative Agent at amount of the Funding Office an amount in immediately available funds equal to the Tranche C Term Loan or Tranche C Term Loans to be made by it on such Lender, except Borrowing Date available to the extent such Lender elects to convert Tranche B Term Loans into Tranche C Term Loans pursuant to Administrative Agent at its New York office specified in Section 2.2(b)15.2 in Dollars and in immediately available funds. The Administrative Agent shall make available to on such date credit the applicable Borrower account of the Company on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Tranche C Term Loan Lenders and in like fundsfunds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Federal Mogul Corp)

Procedure for Tranche C Term Loan Borrowing. The entire amount of Borrower may borrow under the Tranche C Term Loan shall be made in a single borrowing Commitment on the Restatement Effective Tranche C Closing Date. A , provided that, the Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Effective Date) requesting that the Tranche C Term Loan Lenders make Closing Date), specifying the amount of Tranche C Term Loans on the Restatement Effective Date and specifying the amount to be borrowed. The Tranche C Term Loans made (or deemed made) on the Restatement Effective Date shall initially be Base Rate Loans. Upon receipt of such notice Borrowing Notice the Administrative Agent shall promptly notify each Tranche C Term Loan Lender thereof. Not later than 12:00 Noon, New York City time, on the Restatement Effective Date Tranche C Closing Date, each Tranche C Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Tranche C Term Loan or Tranche C Term Loans to be made by such Lender; provided, except however, that, at the option of each Tranche C Term Loan Lender that holds a Term Loan immediately prior to giving effect to this Amendment and notwithstanding Section 2.18, all or a portion of the extent aggregate amount of such Lender elects to convert Tranche B Term Loans into of such Tranche C Term Loan Lender may be converted to Tranche C Term Loans pursuant in satisfaction of the foregoing funding requirement. Subject to the immediately preceding sentence and notwithstanding Section 2.2(b). The 2.18, the Administrative Agent shall make available to the applicable Borrower the aggregate of use the amounts made available to the Administrative Agent by the Tranche C Term Loan Lenders in like fundsto repay the amounts due under the Term Loans outstanding on the Tranche C Closing Date.

Appears in 1 contract

Samples: Credit Agreement (K&f Industries Inc)

Procedure for Tranche C Term Loan Borrowing. The entire amount of Borrower may borrow under the Tranche C Term Loan shall be made in a single borrowing Commitment on the Restatement Effective Tranche C Closing Date. A , provided that, the Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Effective Date) requesting that the Tranche C Term Loan Lenders make Closing Date), specifying the amount of Tranche C Term Loans on the Restatement Effective Date and specifying the amount to be borrowed. The Tranche C Term Loans made (or deemed made) on the Restatement Effective Date shall initially be Base Rate Loans. Upon receipt of such notice Borrowing Notice the Administrative Agent shall promptly notify each Tranche C Term Loan Lender thereof. Not later than 12:00 Noon, New York City time, on the Restatement Effective Date Tranche C Closing Date, each Tranche C Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Tranche C Term Loan or Tranche C Term Loans to be made by such Lender; provided, except however, that, at the option of each Tranche C Term Loan Lender that holds a Committed Term Loan immediately prior to giving effect to this Amendment, all or a portion of the extent such Lender elects to convert Tranche B aggregate amount of Committed Term Loans into of such Tranche C Term Loan Lender may be converted to Tranche C Term Loans pursuant in satisfaction of the foregoing funding requirement. Subject to Section 2.2(b). The the immediately preceding sentence, the Administrative Agent shall make available to the applicable Borrower the aggregate of use the amounts made available to the Administrative Agent by the Tranche C Term Loan Lenders in like fundsto repay the amounts due under the Committed Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

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Procedure for Tranche C Term Loan Borrowing. The entire amount of the Tranche C Term Loan shall be made in a single borrowing on the Restatement Effective Date. A Borrower Borrowers shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Effective Date) requesting that the relevant Tranche C Term Loan Lenders make the First Lien Tranche C Term Loans on the Restatement Effective Date and specifying the amount to be borrowed. The First Lien Tranche C Term Loans made (or deemed made) on the Restatement Effective Date shall initially be Base Rate Loans. Upon receipt of such the notice referred to in the first sentence of this Section 2.2, the Administrative Agent shall promptly notify each First Lien Tranche C Term Loan Lender thereof. Not later than 12:00 Noon, New York City time, on the Restatement Effective Date each First Lien Tranche C Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Tranche C Term Loan or First Lien Tranche C Term Loans to be made by such Lender, except to the extent such Lender elects to convert Tranche B Term Loans into Tranche C Existing First Lien Term Loans pursuant to Section 2.2(b2.1(b). The Administrative Agent shall make available to credit the applicable account of each Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the First Lien Tranche C Term Loan Lenders in like fundsimmediately available funds to such Borrower.

Appears in 1 contract

Samples: Credit Agreement (Tube City IMS CORP)

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