The Term B Borrowing Sample Clauses
The Term B Borrowing. Subject to the terms and conditions set forth herein, each Term B Lender severally agrees to make a single loan to the Borrower on the Closing Date in an amount not to exceed such Term B Lender’s Term B Commitment. The Term B Borrowing shall consist of Term B Loans made simultaneously by the Term B Lenders in accordance with their respective Term B Commitments. Amounts borrowed under this Section 2.01(b) and subsequently repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurodollar Rate Loans as further provided herein.
The Term B Borrowing. Subject to the terms and conditions set forth herein, each Term B Lender severally agrees to make a single loan in Dollars to the US Borrower on the Closing Date in an amount not to exceed such Term B Lender’s Applicable Percentage of the Term B Facility. The Term B Borrowing shall consist of Term B Loans made simultaneously by the Term B Lenders in accordance with their respective Applicable Percentage of the Term B Facility. Amounts borrowed under this Section 2.01(c) and repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
The Term B Borrowing. Subject to the terms and conditions set forth herein, on the Closing Date, Bank of America will make Term B Loans to the Borrower in the aggregate principal amount of $1,850,000,000 in Dollars. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurodollar Rate Loans as further provided herein.
The Term B Borrowing. Subject to the terms and conditions set forth herein and in the Restatement Agreement, each Term B Lender agrees to make a Term B Loan to the Company on the Closing Date in Dollars in a principal amount not to exceed its Term B Commitment. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein.
The Term B Borrowing. Subject to the terms and conditions set forth herein, each Term B Lender severally agrees to make a single loan to the Borrower on the Closing Date in an amount not to exceed such Term B Lender’s Term B Commitment; provided that the amount payable by such Term B Lender to the Borrower pursuant to such loan will equal 99.50% of the aggregate principal amount of such loan. The Term B Borrowing shall consist of Term B Loans made simultaneously by the Term B Lenders in accordance with their respective Term B Commitments. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurodollar Rate Loans as further provided herein.
The Term B Borrowing. Subject to the terms and conditions set forth herein, each Term B Lender severally agrees to make a single loan to the Borrower on the Closing Date in an amount not to exceed such Term B Lender’s Term B Commitment. Each Term B Borrowing shall consist of Term Loans B made simultaneously by the Term B Lenders in accordance with their respective Applicable Percentage of the Term B Facility. Amounts borrowed under this Section 2.01(a)(ii) and repaid or prepaid may not be reborrowed. Term Loans B may be Base Rate Loans or LIBOR Rate Loans, as further provided herein.
The Term B Borrowing. Subject to the terms and conditions set forth herein, each Term B Lender severally agrees to make a single loan to the Borrower on the Closing Date in an amount not to exceed such Term B Lender’s Term B Commitment; provided that the Cashless Rollover Amount of each Cashless Rollover Lender is deemed to have been made hereunder. The Term B Borrowing shall consist of Term B Loans made simultaneously by the Term B Lenders in accordance with their respective Term B Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurodollar Rate Loans as further provided herein.
The Term B Borrowing. (i) Subject to the terms and conditions set forth herein, each Term B Lender severally agrees to make a single loan to the Borrower on the Effective Date in an amount not to exceed such Term B Lender’s Term B Commitment. The Term B Borrowing shall consist of Term B Loans made simultaneously by the Term B Lenders in accordance with their respective Term B Commitments. Amounts borrowed under this Section 2.01(b) and subsequently repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurodollar Rate Loans as further provided herein.
(ii) Notwithstanding anything in this Agreement to the contrary, upon the effectiveness of this Agreement:
(A) Each Extending Term B Lender shall be deemed, automatically and without further act by any Person, to have converted its Existing Term B Loans into Term B Loans in the amount of the lesser of (x) its Term B Commitment and (y) the aggregate outstanding principal amount of its Existing Term B Loans, and such conversion shall be deemed, automatically and without further act by any Person, to constitute (1) a Borrowing by the Borrower of Term B Loans pursuant to this Section 2.01(b) and Section 2.02 and (2) a prepayment of Existing Term B Loans pursuant to Section 2.05(a)(i) of the Existing Credit Agreement, in each case in such amount;
(B) Each Extending Term B Lender that provides a Term B Commitment in an amount that is greater than the aggregate outstanding principal amount of its Existing Term B Loans severally agrees to make Term B Loans to the Borrower on the Effective Date in accordance with Section 2.02, in an amount not to exceed such excess;
(C) Each Term B Lender that is not an Extending Term B Lender severally agrees to make Term B Loans to the Borrower on the Effective Date in accordance with Section 2.02, in an amount not to exceed its Term B Commitment;
(D) The initial Interest Periods in respect of the Term B Loans (including any Existing Term B Loans that are converted into the Term B Loans pursuant to Section 2.01(b)(ii)(A)) shall be as set forth in a Committed Loan Notice delivered by the Borrower to the Administrative Agent in accordance with Section 2.02.
(E) Each Extending Term B Lender agrees that neither the provisions of Section 3.05 of the Existing Credit Agreement nor the provisions of Section 3.05 of this Agreement shall apply to (x) the conversion of the Existing Term B Loans held by such Extending Term B Lender into Term B Loans pursuant to this Section 2.01(b)(ii) or (y...
The Term B Borrowing. Subject to the terms and conditions set forth herein, each Term B Lender severally agrees to make a single loan to the Company on the Initial Borrowing Date in an amount not to exceed such Term B Lender’s Term B Commitment. The Term B Borrowing shall consist of Term B Loans made simultaneously by the Term B Lenders in accordance with their respective Term B Commitments. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurocurrency Rate Loans as further provided herein. In the event that the Initial Borrowing Date shall not have occurred on or prior to the Termination Date, each Term B Lender’s Term B Commitment shall automatically expire, and each Term B Lender shall have no further obligation to make Term B Loans.
The Term B Borrowing. Subject to the terms and conditions set forth herein, each Term B Xxxxxx severally agrees to make a single loan in Dollars to KBR on the Eleventh Amendment Closing Date in an amount not to exceed such Term B Lender’s Term B Commitment. The Term B Borrowing shall consist of Term B Loans made simultaneously by the Term B Lenders in accordance with their respective Term B Commitments. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term B Loans may be Affected Facility Base Rate Loans (as defined in Amendment No. 8) or Affected Facility Term SOFR Loans (as defined in Amendment No. 8) as further provided herein.”
(xi) Section 2.05(b)(i) shall be amended and restated to read as follows: