Term Loan B Loans. The Lenders having Term Loan B Commitments agree severally, and not jointly, upon the terms and subject to the conditions of this Agreement to lend to the Borrower on the Agreement Date amounts which do not exceed, (i) in the aggregate at any one time outstanding, the Term Loan B Commitments and, (ii) individually, such Lender's Term Loan B Commitment; PROVIDED, HOWEVER, that amounts repaid under the Term Loan B Commitments may not be reborrowed.
Term Loan B Loans. The Lenders who issued a Term Loan B Commitment agree, severally, in accordance with their respective Term Loan B Commitment Ratios, and not jointly, upon the terms and subject to the conditions of this Agreement, to lend to the Borrower on the Agreement Date an amount which does not exceed in the aggregate the Term Loan B Commitment. Once repaid, Advances under the Term Loan B Commitment may not be reborrowed.
Term Loan B Loans. With respect to any Advance under the Term Loan B Commitments, the Applicable Margin shall be, (a) with respect to Base Rate Advances, 2.500%, and (b) with respect to LIBOR Advances, 3.500%."
Term Loan B Loans. With respect to any Advance under the Term Loan B Commitments, the Applicable Margin shall be as set forth in a certificate of the chief financial officer of the Borrower delivered to the Administrative Agent based upon the Total Leverage Ratio for the most recent fiscal quarter end for which financial statements are furnished by the Borrower to the Administrative Agent and each Lender as follows: A. Greater than 7.00:1.00 2.000 % 3.000 % B. Less than or equal to 7.00:1.00 1.750 % 2.750 %
Term Loan B Loans. The outstanding principal of the Term Loan B Loans shall be repaid in installments payable on the last day of each calendar quarter commencing on March 31, 2004 and ending on September 30, 2007 as set forth in the following table: Date Quarterly Installment Payment ---- ----------------------------- March 31, 2004 $ 1,187,500 June 30, 2004 $ 1,187,500 September 30, 2004 $ 1,187,500 December 31, 2004 $ 1,187,500 March 31, 2005 $ 1,187,500 June 30, 2005 $ 1,187,500 September 30, 2005 $ 1,187,500 December 31, 2005 $ 1,187,500 March 31, 2006 $ 1,187,500 June 30, 2006 $ 1,187,500 September 30, 2006 $ 1,187,500 December 31, 2006 $ 1,187,500 March 31, 2007 $ 153,583,333 June 30, 2007 $ 153,583,333 September 30, 2007 Balance of outstanding Term Loan B Loans (each of the foregoing dates, a "Term Loan B Scheduled Installment Date").
Term Loan B Loans. Without limiting the generality of the foregoing, subject to the terms and conditions hereof and the occurrence of the Restatement Date:
(i) Upon the Restatement Date, the outstanding Term Loan B Loans under the 2006 Credit Agreement shall continue either as Term Loan B-1 Loans (as defined in the Restated Credit Agreement) maturing on January 7, 2013, or as Term Loan B-2 Loans (as defined in the Restated Credit Agreement) maturing on December 30, 2016.
(ii) Each Term Loan B Lender by its selection as “Consenting and Converting” in its respective Lender Authorization, agrees to offer to convert all or a portion of its outstanding Term Loan B Loans under the 2006 Credit Agreement as Term Loan B-2 Loans (as defined in the Restated Credit Agreement) and, upon acceptance of such offer by the Borrower as specified below, shall be deemed to have made Term Loan B-2 Loans (as defined in the Restated Credit Agreement) in the principal amount of its outstanding Term Loan B Loans under the 2006 Credit Agreement that are specifically offered to be converted in such Lender’s Lender Authorization and accepted by the Borrower as described below.
(iii) The Borrower shall have the option, in its sole discretion, to accept all or a portion of the offers of the Term Loan B Lenders. Promptly after the Acceptance Deadline (as defined below), the Borrower shall notify the Administrative Agent in writing of the principal amount of the offers it will accept (which amount shall in no event exceed the aggregate principal amount of Term Loan B Loans specifically offered for conversion under the Lender Authorizations received by the Administrative Agent prior to the Acceptance Deadline).
(iv) Upon receipt of such notification from the Borrower, the Administrative Agent shall allocate the principal amount so accepted by the Borrower amongst the Term Loan B Lenders that offered to convert in their respective Lender Authorizations in the form of Term Loan B-2 Loans (as defined in the Restated Credit Agreement) on a ratable basis (based on the principal amounts of outstanding Term Loan B Loans that are so offered for conversion) and shall make corresponding notations in the Term Loan B Register to reflect such allocation. Any amounts not so accepted shall be reflected in the Term Loan B Register as Term Loan B-1 Loans (as defined in the Restated Credit Agreement).
(v) The Term Loan B Loans of (A) each Term Loan B Lender that submitted its executed Lender Authorization by the Acceptance De...
Term Loan B Loans. (a) Each term loan made pursuant to this Agreement and outstanding immediately prior to the effectiveness of the Amendment and Restatement shall remain outstanding on and after the Restatement Date as either a Term Loan B-1 Loan or a Term Loan B-2 Loan as described in the Amendment and Restatement Agreement.
(b) Subject to the terms and conditions hereof, each Extended Term Loan B Loan shall be governed by the applicable Extension Offer.
(c) The Term Loan B Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.6 and 2.13.
Term Loan B Loans. With respect to any Term Loan B Loans, the Applicable Margin shall be, (A) for any period when the Total Borrower Leverage Ratio is greater than 3.50 to 1.00, with respect to (1) Base Rate Advances, 1.25%, and (2) LIBOR Advances, 2.25% and (B) for any period when the Total Borrower Leverage Ratio is less than or equal to 3.50 to 1.00, with respect to (1) Base Rate Advances, 1.00% and (2) with respect to LIBOR Advances, 2.00%.
Term Loan B Loans. The Term Loan B Loans were advanced prior to the Agreement Date under the Prior Loan Agreement and as of the Agreement Date the principal amount of the Term Loan B Loans outstanding is $491,996,602.89 (after giving effect to prepayments made prior to the Agreement Date under the Prior Loan Agreement). Amounts repaid under the Term Loan B Commitments may not be reborrowed.
Term Loan B Loans. The Lenders who issued a "Term Loan B Commitment" under, and as defined in, the Prior Loan Agreement have previously lent to the Borrower the amount in the aggregate of $237,500,000.00 of which $237,500,000.00 is outstanding on the Agreement Date. The Borrower hereby acknowledges that all "Obligations" in respect of the "Term Loan B Loans" outstanding under the "Term Loan B Commitment" (as such terms are defined in the Prior Agreement) shall be deemed to have been made to the Borrower as Advances under the Term Loan B Commitments hereunder and shall constitute a portion of the Obligations. Subject to the terms and conditions hereof, the Borrower may from time to time (i) Convert a Base Rate Advance into a LIBOR Advance or a LIBOR Advance into a Base Rate Advance or (ii) Continue a LIBOR Advance as a LIBOR Advance; provided, however, that there shall be no increase in the principal amount of the Term Loan B Loans outstanding after the Agreement Date.
