Common use of The B Advances Clause in Contracts

The B Advances. (a) Each Lender severally agrees that the Borrower may make B Borrowings under this Section 2.03 from time to time on any Business Day during the period from the Effective Date until the date occurring seven days prior to the Termination Date in the manner set forth below; PROVIDED that, following the making of each B Borrowing, (X) the aggregate amount of the B Advances of all Lenders then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders, and (Y) the aggregate amount of all Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Monsanto Co)

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The B Advances. (a) Each Lender severally agrees that the Borrower may make B Borrowings under this Section 2.03 from time to time on any Business Day during the period from the Effective Closing Date until the date occurring seven days prior to the Commitment Termination Date in the manner set forth below; PROVIDED provided that, following the making of each B Borrowing, (X) the aggregate amount of the B Advances of all Lenders then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders, and (Y) the aggregate amount of all Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Solutia Inc)

The B Advances. (a) Each Lender severally agrees that the Borrower may make B Borrowings under this Section 2.03 from time to time on any Business Day during the period from the Effective Date date hereof until the date occurring seven 30 days prior to the Termination Date Date, in the case of B Advances consisting of Fixed Rate Advances, or one month prior to the Termination Date, in the case of B Advances consisting of Eurodollar Rate Advances, in the manner set forth below; PROVIDED provided that, following the making of each B Borrowing, (X) the aggregate amount of the B Advances of all Lenders then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders, and (Y) the aggregate amount of all Advances then outstanding shall not exceed the aggregate amount of the Commitments of the LendersLenders (computed without regard to any B Reduction).

Appears in 1 contract

Samples: Credit Agreement (Corn Products International Inc)

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The B Advances. (a) Each Lender severally agrees that the Borrower may make B Borrowings in Dollars under this Section 2.03 from time to time on any Business Day during the period from the Effective Date date hereof until the date occurring seven 30 days prior to the Termination Date in the manner set forth below; PROVIDED provided that, following the making of each B Borrowing, (Xx) the aggregate amount of the B Advances of all Lenders then outstanding shall not exceed $20,000,000 and (y) the aggregate amount of the Commitments of the Lenders, and (Y) the aggregate amount of all Advances then outstanding shall not exceed the aggregate amount of the Commitments of the LendersLenders (computed without regard to any B Reduction).

Appears in 1 contract

Samples: Credit Agreement (Century Communications Corp)

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