The Tranche A Loans Sample Clauses

The Tranche A Loans. Subject to the terms and conditions set forth herein, each Tranche A Lender severally agrees to make revolving loans in Dollars (collectively, the “Tranche A Loans”) to the Borrower from time to time during the Tranche A Commitment Period in such Tranche A Lender’s Tranche A Percentage of such aggregate amounts as the Borrower may from time to time request under the Tranche A Loans; provided that (i) the aggregate amount of Tranche A Loans requested by the Borrower to be made on a Borrowing Date must be in a minimum of US$5,000,000 and integral multiples of US$1,000,000 in excess thereof and (ii) no Tranche A Lender shall be permitted or required to make any Tranche A Loan if after giving effect to such Tranche A Loans: (A) the principal amount under all Tranche A Loans outstanding would exceed an amount equal to (x) US$81,000,000 minus (y) the amount of all reductions of Tranche A Commitments made in accordance with Section 2.7; (B) there would be more than eight distinct Interest Periods applicable to Tranche A Loans; or (C) the outstanding Tranche A Loans of such Tranche A Lender would exceed its Tranche A Commitment. Subject to the foregoing and to Section 2.7, Tranche A Loans may be repaid and reborrowed from time to time.
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The Tranche A Loans. The Lenders listed on Schedule 1 as having issued a Tranche A Commitment agree, severally in accordance with their respective Tranche A Commitment Ratios and not jointly, upon the terms and subject to the conditions of this Agreement, to lend to the Borrower, on and after the Agreement Date and on or prior to March 31, 2002, in multiple Advances, an aggregate amount not to exceed (i) from the Agreement Date through the Revolving Loan Availability Date, the lesser of (A) the Borrowing Base Amount or (B) the Tranche A Commitment, and (ii) from and after the Revolving Loan Availability Date, (A) the Tranche A Commitment less (B) the aggregate amount of any Tranche A Loans advanced prior to the Revolving Loan Availability Date. After the Agreement Date, Advances under the Tranche A Commitment may be continued or converted pursuant to a Notice of Conversion/Continuation as provided in Section 2.2 hereof; provided, however, there shall be no increase in the aggregate principal amount outstanding under the Tranche A Commitment at any time after March 31, 2002. Amounts repaid under the Tranche A Commitment may not be reborrowed. If at any time prior to the Revolving Loan Availability Date, the aggregate principal amount of the Tranche A Loans outstanding exceeds the Maximum Borrowing Base Amount, such Tranche A Loans shall nevertheless constitute Obligations that are secured by the Collateral and are entitled to all benefits thereof.
Sample 1
The Tranche A Loans. Commencing on June 30, 2002, and at the end of each calendar quarter thereafter, the outstanding principal balance of the Tranche A Loan then outstanding shall be repaid by an amount equal to the percentage (for such quarter and year) set forth below: Annual Percentage of Tranche A Percentage of Tranche A Loans Loans Outstanding as of June 30, Outstanding as of June 30, 2002 2002 to be Reduced Each Period Quarters Ending to be Reduced Each Quarter: Ending December 31: --------------- --------------------------- ------------------- June 30, 2002 through and 4.00% 12.00% including December 31, 2002 March 31, 2003 through and 5.75% 23.00% including December 31, 2003 March 31, 2004 through and 7.50% 30.00% including December 31, 2004 March 31, 2005 through and 8.75% 35.00% including Initial Maturity Date Additionally, the Tranche A Loans shall be repaid as may be required by Section 2.7 hereof. Any unpaid principal and interest of the Tranche A Loans and any other outstanding Obligations under the Tranche A Commitment shall be due and payable in full on the Initial Maturity Date.
Sample 1
The Tranche A Loans. 2.1. The Tranche A Loans.....................................................17 2.2. Making the Tranche A Loans..............................................18 2.3. Termination/Reduction of the Tranche A Loan Commitments.................20 2.4. Repayment of the Tranche A Loan.........................................21 2.5. Optional Prepayments of the Tranche A Loan..............................21 2.6. Limitation on use of Tranche A Loan Proceeds............................21
Sample 1
The Tranche A Loans. On the terms and subject to the conditions contained in this Agreement, each Bank severally agrees to make Tranche A Loans to the Borrower from time to time on any Business Day during the period from the Initial Funding Date until the Tranche A Loan Commitment Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Bank's name on Schedule I as its "Tranche A Loan Commitment" (as adjusted from time to time by reason of assignments in accordance with the provisions of Section 13.7 and as such amount may be reduced pursuant to Section 2.3, such Bank's "Tranche A Loan Commitment"); PROVIDED, HOWEVER, that, following the making of each such proposed Tranche A Loan, the aggregate amount of all Tranche A Loans, together with the aggregate face amount of Commercial Paper outstanding, shall not exceed the aggregate amount of the Tranche A Loan Commitments of the Banks at such time. Within the limits of each Bank's Tranche A Loan Commitment, amounts borrowed under this Section 2.1(a) and prepaid pursuant to Section 2.5 may be reborrowed under this Section 2.1(a).
Sample 1
The Tranche A Loans. The Lenders that have issued a Tranche A Commitment, severally in accordance with their respective Tranche A Commitment Ratios and not jointly, upon the terms and subject to the conditions of this Agreement, agree to lend to the Borrower, on and after the Agreement Date and on or prior to the Tranche A Commitment Termination Date, in multiple Advances, an aggregate amount not to exceed the Tranche A Commitment. After the Agreement Date, Advances under the Tranche A Commitment may be continued or converted pursuant to a Notice of Conversion/Continuation as provided in Section 2.2 hereof; provided, however, there shall be no increase in the aggregate principal amount outstanding under the Tranche A Commitment at any time after the Tranche A Commitment Termination Date. Amounts repaid under the Tranche A Commitment may not be reborrowed.
Sample 1
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Related to The Tranche A Loans

  • Tranche A Loans Unless otherwise agreed to by the Administrative Agent in connection with making the initial Loans, to request a Borrowing of Tranche A Loans, the Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of the proposed Borrowing and (b) in the case of an ABR Borrowing, not later than 12:00 p.m., New York City time, on the date of the proposed Borrowing; provided, that any such notice of an ABR Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.03(e) may be given not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery, courier or telecopy to the Administrative Agent of a written Borrowing Request in a form reasonably acceptable to the Administrative Agent and signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.01(a):

  • Tranche B Loans Subject to the terms and conditions of this Agreement (including, without limitation, Section 2.13(a) and Article 6), each Tranche B Lender severally agrees to make one or more loans to the Borrower from time to time from and including the New Advance Date to but excluding the Tranche B Commitment Termination Date up to but not exceeding the amount of such Tranche B Lender's Tranche B Commitment as then in effect; provided, however, that the aggregate outstanding principal amount of the Tranche B Loans and the aggregate outstanding principal amount of the Tranche C Loans used to pay Permitted Third-Party Expenses shall not at any time exceed the Permitted Third-Party Expenses Borrowing Base. Notwithstanding anything to the contrary contained in this Agreement, the Borrower, the Administrative Agent and the Lenders agree that, as of the Closing Date, the aggregate outstanding principal amount of the Original Tranche B Loans is $1,040,430.75, which amount shall be deemed outstanding as Tranche B Loans hereunder. (Such loans referred to in this Section 2.1(b) now or hereafter made or deemed made by the Tranche B Lenders to the Borrower, including, without limitation, such loans which remain outstanding after the Tranche B Commitment Termination Date, are hereinafter collectively called the "Tranche B Loans".) The Borrower may not reborrow the Tranche B Loans which have been repaid. The parties hereto hereby agree that, as of the Closing Date, the aggregate outstanding principal amount of the Tranche B Loans is $1,040,430.75.

  • Loan Advances (a) Subject to and upon the terms and conditions of this Agreement, during the Revolving Loan Period, Bank agrees to make one or more Loan Advances to Borrower for Approved Purposes in an aggregate principal amount at any one time outstanding up to but not exceeding the Maximum Loan Amount. Within the limit of the Maximum Loan Amount in effect from time to time, during the Revolving Loan Period, Borrower may borrow, repay, and reborrow at any time and from time to time from the Effective Date to the earlier of (a) the expiration of the Revolving Loan Period, or (b) the Termination Date. If, by virtue of payments made on the Note during the Revolving Loan Period, the principal amount owed on the Note prior to the Termination Date reaches zero at any point, Borrower agrees that all of the Collateral and all of the Loan Documents shall remain in full force and effect to secure any Loan Advances made thereafter and the Obligations, and Bank shall be fully entitled to rely on all of the Collateral and all of the Loan Documents unless an appropriate release of all or any part of the Collateral or all or any part of the Loan Documents has been executed by Bank. Borrower acknowledges and agrees that the Maximum Loan Amount is calculated in conjunction with the Maximum Purchase Amount under the Mortgage Warehouse Agreement such that in no event shall the aggregate of the outstanding principal balance of the Loan hereunder and the outstanding Purchase Price of the Purchased Mortgage Loans exceed $200,000,000 at any time. Upon the expiration of the Revolving Loan Period, and provided that no Default or Event of Default has occurred and is continuing, the Revolving Loans shall, without any further action by Bank or Borrower, convert to a term loan (the “Term Loan”) in accordance with the terms of the Promissory Note. Borrower shall initiate each Loan Advance by submitting to Bank a written Advance Request no later than 1:00 p.m., Jacksonville, Florida time, on the Advance Date. Bank shall have no liability to Borrower for any loss or damage suffered by Borrower as a result of Bank’s honoring of any requests, execution of any instructions, authorizations or agreements or reliance on any reports communicated to it telephonically, by facsimile or electronically, and purporting to have been sent to Bank by Borrower and Bank shall have no duty to verify the origin of any such communication or the identity or authority of the Person sending it. Subject to the terms and conditions of this Agreement, each Loan Advance shall be made available to Borrower by depositing the same, in immediately available funds, in an account of Borrower designated by Borrower maintained with Bank. If the conditions to making a Loan Advance as set forth in Section 5 are satisfied, then no later than the Advance Date, Bank shall reflect on its computer system the Loan Advance (the “Confirmation”). In the event Borrower disagrees with any terms of the Confirmation, Borrower shall immediately notify Bank of such disagreement. An objection by Borrower must state specifically that it is an objection, must specify the provision(s) being objected to by Borrower, must set forth such provision(s) in the manner that Borrower believes they should be stated, and must be received by Bank no more than one (1) Business Day after the Confirmation was received by Borrower.

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

  • Prepayments of Revolving Credit Advances The Borrower ---------------------------------------- may, upon notice at least two Business Days' prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 noon (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amount of the Revolving Credit Advances comprising part of the same Revolving Credit Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in -------- ------- an aggregate principal amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Revolving Credit Advances The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders on the Termination Date the aggregate outstanding principal amount of the Revolving Credit Advances then outstanding.

  • Amount of Borrowing Tranche Each Borrowing Tranche of Loans under the LIBOR Rate Option shall be in integral multiples of $500,000 and not less than $1,000,000; and

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Term Loan Advances Subject to Section 2.5(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to two and three quarters of one percent (2.75%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.5(d) below.

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