Term Loan B. (i) Subject to the terms and conditions hereof, the Term Lender agrees to continue to provide a term loan (the "Term Loan B") which was previously made under the Prior Loan Agreement to Borrower in the original principal amount of the Term Loan B Commitment. The Term Loan B shall be evidenced by a promissory note substantially in the form of Exhibit 1.1(b)(i) (the "Term B Note") and Borrower shall execute and deliver the Term B Note to the Term Lender on the Closing Date, and thereupon all Term B Notes outstanding under the Prior Credit Agreement shall deemed to be replaced by such new notes. The Term B Note shall represent the obligation of Borrower to pay the amount of the Term Loan B, together with interest thereon as prescribed in Section 1.5. (ii) The aggregate outstanding principal balance of the Term Loan B shall be due and payable in full in immediately available funds on the Commitment Termination Date, if not sooner paid in full. No payment with respect to the Term Loan B may be reborrowed. (iii) Each payment of principal and each payment of interest with respect to the Term Loan B shall be paid to Agent for the benefit of the Term Lender.
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Samples: Credit Agreement (Wilsons the Leather Experts Inc), Credit Agreement (Wilsons the Leather Experts Inc)
Term Loan B. (i) Subject to On the terms Effective Date the aggregate principal amount of Term Loan B (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement is $700,000,000 and conditions hereofshall be deemed outstanding under this Agreement (collectively, the Term Lender agrees to continue to provide a term loan (the "“Term Loan B") which was previously made under the Prior Loan Agreement to Borrower in the original principal amount ”). The obligations of the each Term Loan B CommitmentLender hereunder shall be several and not joint. The Term Loan B shall shall, upon the request of any Lender pursuant to Section 1.10, be evidenced by a promissory note substantially Note, and, upon such request as provided in the form of Exhibit 1.1(b)(i) (the "Term B Note") and Section 1.10, Borrower shall execute and deliver the Term B each Note to the Term Lender on the Closing Date, and thereupon all applicable Term B Notes outstanding under the Prior Credit Agreement shall deemed to be replaced by such new notesLender. The Term B Each Note shall represent the obligation of Borrower to pay the amount of the applicable Term B Lender’s Term Loan B, together with interest thereon as prescribed in Section 1.5.
(ii) The aggregate outstanding principal balance of the Term Loan B shall be due and payable in full in immediately available funds on the Commitment Termination Maturity Date, if not sooner paid in full. No payment with respect to the Term Loan B may be reborrowed.
(iii) Each payment of principal and each payment of interest with respect to the Term Loan B shall be paid to the Administrative Agent for the ratable benefit of the each Term B Lender, ratably in proportion to each such Term B Lender’s respective Term B Commitment.
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Samples: Secured Super Priority Debtor in Possession Credit Agreement (Delta Air Lines Inc /De/)
Term Loan B. (i) Subject to and upon the terms and conditions hereofherein set forth, the Term on March 14, 2003, each Lender severally agrees to continue make to provide Borrower a term loan (the "Term Loan B") which was previously made under the Prior B Advance in an amount not to exceed such Lender's Term Loan Agreement to Borrower B Commitment. Term Loan B shall be comprised of Term Loan B Advances in the original aggregate principal amount of $4,550,951.72. The proceeds of the Term Loan B CommitmentAdvances shall be used by Borrower solely for purposes for which the proceeds of the Revolver Loans are authorized to be used. The Term Loan B Commitment of each Lender shall be evidenced by a promissory note substantially in the form of Exhibit 1.1(b)(i) (the "Term B Note") and Borrower shall execute and deliver the Term B Note to the Term Lender expire on the Closing Date, and thereupon all Term B Notes outstanding under the Prior Credit Agreement shall deemed to be replaced funding by such new notes. The Term B Note shall represent the obligation Lender of Borrower to pay the amount of the Term Loan B, together with interest thereon as prescribed in Section 1.5.
(ii) The aggregate outstanding principal balance of the its Term Loan B Advance. Borrower shall not be due and payable in full in immediately available funds on the Commitment Termination Date, if not sooner paid in full. No payment entitled to reborrow any amounts repaid with respect to the Term Loan B may be reborrowed.
(iii) Each payment Advances. All of principal and each payment of interest with respect to the Term Loan B Advances shall initially be paid Base Rate Loans. Each Lender shall make its Term Loan B Advance available to Agent for in immediately available funds, to such account of Agent as Agent may designate, not later than 12:00 noon on March __, 2003. After the benefit Agent's receipt of the proceeds of such Term LenderLoan B Advance, and upon satisfaction of the conditions precedent set forth in Section 10 hereof, Agent shall make the proceeds of all such Term Loan B Advances available to Borrower on March 14, 2003, by transferring same day funds equal to the proceeds of such Term Loan B Advances received by Agent to an account designated by Borrower in writing.
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Term Loan B. (i) Subject to the terms and conditions hereof, the Term Lender agrees to continue to provide a term loan (the "“Term Loan B"”) which was previously made under the Prior Loan Credit Agreement to Borrower in the original principal amount of the Term Loan B Commitment. The Term Loan B shall be evidenced by a promissory note substantially in the form of Exhibit 1.1(b)(i) (the "“Term B Note"”) and Borrower shall execute and deliver the Term B Note to the Term Lender on the Closing Date, and thereupon all Term B Notes outstanding under the Prior Credit Agreement shall deemed to be replaced by such new notes. The Term B Note shall represent the obligation of Borrower to pay the amount of the Term Loan B, together with interest thereon as prescribed in Section 1.5.
(ii) The aggregate outstanding principal balance of the Term Loan B shall be due and payable in full in immediately available funds on the Commitment Termination Date, if not sooner paid in full. No payment with respect to the Term Loan B may be reborrowed.
(iii) Each payment of principal and each payment of interest with respect to the Term Loan B shall be paid to Agent for the benefit of the Term Lender.
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