Term B Loan Commitments. As of the Amended and Restated Effective Date, each Term B Loan Lender has made term loans (“Term B Loans”) to the Borrower in an aggregate principal amount equal to the amount of the Term B Loan Commitment of such Lender. The Term B Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Term B Loans borrowed and subsequently repaid or prepaid may not be reborrowed. As of the Amended and Restated Effective Date, the Term B Loan Commitments shall be deemed terminated.
Term B Loan Commitments. (a) Subject to the terms and conditions set forth herein, each Lender severally agrees to make a single term b loan to the Borrower on the Closing Date in a principal amount equal to the Initial Term B Loan Commitment of such Lender. The Initial Term B Loans may be, from time to time, Base Rate Loans or Eurodollar Loans or a combination thereof; provided that on the Closing Date all Initial Term B Loans shall be Base Rate Loans. The execution and delivery of this Agreement by the Borrower and the satisfaction or waiver by the Administrative Agent of all conditions precedent set forth in Section 3.1 shall be deemed to constitute the Borrower’s request to borrow the Initial Term B Loans on the Closing Date. Once repaid, Initial Term B Loans under the Term B Loan Commitment may not be reborrowed.
Term B Loan Commitments. On the terms and subject to the conditions contained in this Agreement, each Term B Loan Lender severally agrees to make a loan (each a "Term B Loan") to the Borrower on the Closing Date, in an amount not to exceed such Lender's Term B Loan Commitment. Amounts of Term B Loans repaid and prepaid may not be reborrowed. Term B Loans outstanding as of the Effective Date shall constitute Term B Loans under this Agreement.
Term B Loan Commitments. Each Term B Lender agrees to make a loan to the Company (each such loan, a "Term B Loan") on the Effective Date in such Term B Lender's Term B Loan Percentage of $60,000,000. The Term B Loan Commitments shall expire concurrently with the making of the Term B Loans on the Effective Date.
Term B Loan Commitments. Subject to the terms and conditions set forth herein, each Lender severally agrees to make a Term B Loan to the Borrowers on the Closing Date, in an amount not to exceed such Lender's Term B Loan Commitment. The advance of the Term B Loan shall be made simultaneously by the Lenders in accordance with their respective Applicable Percentages of the Term B Loan Facility. Amounts borrowed under this Section 2.01(d) and repaid or prepaid may not be reborrowed.
Term B Loan Commitments. Subject to the terms and conditions hereof, each Lender (each a “Term B Lender”), severally, but not jointly, agrees to refinance and convert on the Closing Date all obligations outstanding under its existing term loan to Borrower evidenced by (1) those certain two promissory notes, each in the original principal amount of $2,500,000 and dated as of May 12, 2006, made by Borrower in favor of each of GECC and Oxford and (2) the Existing Security Agreement (collectively, the “Existing Term B Loan Documents”) into a new term loan in an aggregate principal amount equal to $2,272,659.12 (the “Term B Loan”), in accordance with such Term B Lender’s commitments as identified on Schedule A hereto (such commitment of each Term B Lender to refinance its portion of the Term B Loan as it may be amended to reflect assignments made in accordance with this Agreement or terminated or reduced in accordance with this Agreement, its “Term B Loan Commitment”). Each Term B Lender’s obligation with respect to the Term B Loan shall be limited to such Term B Lender’s Pro Rata Share (as defined below) of such Term B Loan.
Term B Loan Commitments. (i) On the terms and subject to the conditions contained in this Agreement, each Term B Loan Lender severally, but not jointly, agrees to make a loan (each a “Term B Loan”) in Dollars to the Borrower on the Closing Date, in an amount not to exceed such Lender’s Term B Loan Commitment. The parties hereto acknowledge and agree that, immediately prior to the effectiveness of this Agreement, the sum of the aggregate outstanding balance of the “Term Loans” under the Existing Loan Agreement is $66,839,133, and that such amount is converted into a portion of the Term B Loans hereunder, without constituting a novation.
Term B Loan Commitments. On the terms and subject to the conditions contained in this Agreement, each Term B Loan Lender severally agrees to make a loan (each a “Term B Loan”) to the Borrowers (which, for the avoidance of doubt, shall not include Memec France) on any Business Day during the Term B Loan Commitment Period, in an aggregate amount not to exceed such Term B Loan Lender’s Term B Loan Commitment. Amounts of Term B Loans prepaid may not be reborrowed.
Term B Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Third Amendment Effective Date, a Term B Loan to the Borrower in an amount equal to such Lender’s Term B Loan Commitment. Borrower may make only one borrowing under the Term B Loan Commitment which shall be on the Third Amendment Effective Date. Any amount borrowed under this Section 2.1(c) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term B Loans shall be paid in full no later than the Term B Loan Maturity Date. Each Lender’s Term B Loan Commitment shall terminate immediately and without further action on the Third Amendment Effective Date after giving effect to the funding of such Lender’s Term B Loan Commitment on such date. The Term B Loans may consist of Eurodollar Rate Loans or Base Rate Loans, as further provided herein.
