The Term B Loans Sample Clauses

The Term B Loans. Subject to the terms and conditions set forth herein, (i) each Term B Lender severally agrees to make a single loan to the Borrower on the Closing Date in an aggregate principal amount not to exceed such Term B Lender’s Term B Commitment as it is in effect on the Closing Date. 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; and (ii) after the Closing Date and until the Term B Advance Period Termination Date, the Term B Commitment of each Term B Lender may be increased one time pursuant to a Permitted Term B Reallocation by the Borrower between the Term B Commitment and the Mission Term B Commitment of each Term B Lender. The Permitted Term B Reallocation shall be limited to a reallocation of all or any portion of the $60,000,000 Mission Term B Commitment that is available after the Mission Closing Date in accordance with the provisions of Section 2.01(a)(ii) of the Mission Credit Agreement and in accordance with the Term B Reallocation Letter (such reallocated amount, the “Reallocated Term B Commitment Amount”). In connection with any Permitted Term B Reallocation, at the request of the Administrative Agent or any Term B Lender, the Borrower shall execute and deliver to the Administrative Agent replacement Term B Notes in an amount equal to each Term B Lender’s Term B Commitment as adjusted in accordance with the terms of the Term B Reallocation Letter. Availability of the Reallocated Term B Commitment Amount shall be subject to the terms and conditions of this Agreement and to the additional following terms: (A) each Term B Lender severally agrees to make one subsequent term loan to the Borrower on any Business Day during the Term B Advance Period for the Term B Facility, in an aggregate principal amount equal to such Term B Lender’s Applicable Term B Percentage of the Reallocated Term B Commitment Amount, provided that, notwithstanding the foregoing, such subsequent term loan will only be available to be drawn by the Borrower during the Term B Advance Period if (I) the proceeds of such Term B Borrowing are used concurrently (or substantially simultaneously) with the funding of any such Term B Loan, to consummate any Identified Acquisition, and/or another acquisition or acquisition...
AutoNDA by SimpleDocs
The Term B Loans. (i) Each Dollar Term B Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make to the Company on the Acquisition Closing Date, a loan in a single draw denominated in Dollars in an aggregate amount not to exceed the amount of such Dollar Term B Lender’s Dollar Term B Commitment. Dollar Term B Loans may be Floating Rate Loans or Eurocurrency Loans, as further provided herein. (ii) Each Euro Term B Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make to the Company on the Acquisition Closing Date, a loan in a single draw denominated in Euros in an aggregate amount not to exceed the amount of such Euro Term B Lender’s Euro Term B Commitment. Euro Term B Loans shall be Eurocurrency Loans, as further provided herein. (iii) Pursuant to the 2017 May Incremental Amendment, on the 2017 May Incremental Amendment Effective Date, Dollar Term B Loans and Euro Term B Loans were made or converted under this Agreement, of which the Company is the borrower thereof, and with the proceeds thereof replacing or converting in full, as applicable, the Dollar Term B Loans and Euro Term B Loans (each as defined under this Agreement as in effect immediately prior to the 2017 May Incremental Amendment Effective Date), as set forth in the 2017 May Incremental Amendment. (iv) Amounts borrowed under this Section 2.1(c) and repaid or prepaid may not be reborrowed.
The Term B Loans. (i) Each Term B Lender severally agrees, subject to the terms and conditions hereinafter set forth, to make a term loan (each, a “Term B Loan”) to the Borrower on the Effective Date (and not thereafter) in an aggregate principal amount not to exceed the Term B Loan Amount of such Term B Lender; provided however that after giving effect to any Term B Loan, the aggregate principal amount of all outstanding Term B Loans shall not exceed the aggregate Term B Loan Amounts for all of the Term B Lenders. Within such limits, and subject to the other terms and conditions of this Agreement, the Borrower may borrow Term B Loans under this Section 2.01(a)(i); provided that amounts borrowed as Term B Loans which are repaid or prepaid may not be reborrowed. (ii) Term B Loans may from time to time be (i) Eurodollar Loans or (ii) Base Rate Loans or a combination thereof, as determined by the Borrower pursuant to Section 2.02.
The Term B Loans. Subject to the terms and conditions set forth herein, each Term B Lender severally agrees to make a single term loan to the Borrowers (each such term loan being referred to herein as a “Term B Loan”) on the Closing Date in an amount equal to its Term B Commitment; provided, however, that after giving effect to such funding of the Term B Loans by the Term B Lenders, Availability shall be greater than or equal to $0. Amounts borrowed under this Section 2.01(a)(ii) 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 Loans. The Borrower shall repay to the Term B Lenders on the Stated Term B Maturity Date the aggregate principal amount of Term B Loans outstanding on such date (together with all accrued and unpaid interest thereon). In addition, on the last day of each Fiscal Quarter (or, in the case of the final principal installment to be repaid in Fiscal Year 2016, on the Stated Term B Maturity Date), commencing for the Fiscal Quarter beginning on July 1, 2010 (with the first such payment being due and payable on September 30, 2010), the Borrower shall repay, and there shall become due and payable, a quarterly principal installment on the Term B Loans in an amount equal to 0.25% of the Aggregate Outstanding Term B Loan Balance determined as of July 1, 2010; provided that the final principal installment in the amount of the then unpaid principal amount of the Term B Loans, together with all unpaid Obligations accrued in connection with such Term B Loans, shall be due on the Stated Term B Maturity Date.
The Term B Loans. Holdings shall repay to the Administrative Agent for the account of the Term B Lenders the aggregate principal amount of Term B Loans in quarterly installments on the last Business Day of each calendar quarter, commencing on June 30, 2005, in the applicable amounts set forth on Schedule 2.09(b) hereto (or as such Schedule may be amended pursuant to Section 2.01(e) hereof).
The Term B Loans. (i) Subject to subsection (ii) below, the Term B Loans shall mature, and the outstanding principal amount thereof shall be due and payable in full (together with all accrued and unpaid interest thereon), on the Stated Term B Maturity Date. In addition, on the last day of each Fiscal Quarter (or, in the case of the final principal installment to be repaid in Fiscal Year 2012, on the Stated Term B Maturity Date), commencing on December 30, 2005, the Borrower shall repay, and there shall become due and payable, a quarterly principal installment on the Term B Loans in an amount equal to 0.25% of the sum of the Aggregate Outstanding Term B Loan Balance on December 30, 2005 (immediately prior to the installment payable on such date) plus the initial amount of each Incremental Term Loan; provided that the final principal installment in the amount of the then unpaid principal amount of the Term B Loans, together with all unpaid Obligations accrued in connection with such Term B Loans, shall be due on the Stated Term B Maturity Date.
AutoNDA by SimpleDocs
The Term B Loans. Subject to the terms and conditions set forth herein, each Term B Lender severally made a single loan to the Borrower on the Closing Date in an aggregate principal amount not exceeding such Term B Lender's Term B Commitment as it was in effect on the Closing Date.
The Term B Loans. Each Term B Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make to the Company on the Acquisition Closing Date, a loan in a single draw denominated in Dollars in an aggregate amount not to exceed the amount of such Term B Lender’s Term B Commitment. Amounts borrowed under this Section 2.1(c) and repaid or prepaid may not be reborrowed. Term B Loans may be Floating Rate Loans or Eurocurrency Loans, as further provided herein.
The Term B Loans. The Term B Loans shall mature, and the outstanding principal amount thereof shall be due and payable in full (together with all accrued and unpaid interest thereon), on the Stated Term B Maturity Date. In addition, on the last day of each Fiscal Quarter (or, in the case of the final principal installment to be repaid in Fiscal Year 2012, on the Stated Term B Maturity Date), commencing on December 30, 2005, the Borrower shall repay, and there shall become due and payable, a quarterly principal installment on the Term B Loans in an amount equal to 0.25% of the Aggregate Outstanding Term B Loan Balance on December 30, 2005 (immediately prior to the installment payable on such date); provided that the final principal installment in the amount of the then unpaid principal amount of the Term B Loans, together with all unpaid Obligations accrued in connection with such Term B Loans, shall be due on the Stated Term B Maturity Date.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!