Common use of The Term B Advances Clause in Contracts

The Term B Advances. Each Term B Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a "TERM B ADVANCE") to the Borrower on any Business Day that the Term A Advances shall be made in an amount not to exceed such Lender's Term B Commitment at such time. The Term B Borrowing shall consist of Term B Advances made simultaneously by the Term B Lenders ratably according to their Term B Commitments. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Glenoit Asset Corp)

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The Term B Advances. Each Term B Lender severally agrees, on the terms ------------------- and conditions hereinafter set forth, to make a single advance (a "TERM B ADVANCE") to the Borrower on any Business Day that the Term A Advances shall be made in an amount not to exceed such Lender's Term B Commitment at such time. The Term B Borrowing shall consist of Term B Advances made simultaneously by the Term B Lenders ratably according to their Term B Commitments. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Telespectrum Worldwide Inc)

The Term B Advances. Each Term B Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single Term B advance (a "TERM “Term B ADVANCE"Advance”) in U.S. dollars to the Borrower Borrower, on any Business Day that the Term A Advances shall be made Closing Date in an amount not equal to exceed such Lender's the Term B Commitment at of such timeTerm B Lender. The Term B Borrowing shall consist of Term B Advances made simultaneously by the Term B Lenders ratably according to in accordance with their respective Pro Rata Shares of the Term B CommitmentsFacility. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Davita Inc)

The Term B Advances. Each Term B Lender severally agrees, on the ------------------- terms and conditions hereinafter set forth, to make a single advance (a "TERM Term B ADVANCE------ Advance") to the Borrower on any Business Day that the Term A Advances shall be made date of the Initial Extension of Credit in an ------- amount not to exceed such Lender's Term B Commitment at such time. The Term B Borrowing shall consist of Term B Advances made simultaneously by the Term B Lenders ratably according to their Term B Commitments. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Commercial Aggregates Transportation & Sales LLC)

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The Term B Advances. Each Term B Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a "TERM “Term B ADVANCE"Advance”) to the Initial Borrower and/or the Initial Subsidiary Borrower on any Business Day that the Term A Advances shall be made Effective Date in an amount not to exceed such Lender's ’s Term B Commitment at such time. The Term B Borrowing shall consist of Term B Advances made simultaneously by the Term B Lenders ratably according to their Term B Commitments. Amounts borrowed under this Section 2.01(b2.01(a) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (NCO Teleservices, Inc.)

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