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 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
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 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

Related to The Tranche A Loans

  • Tranche B Loans Each Lender severally agrees to lend to Borrowers, on a joint and several basis, from time to time during the period from the date of entry of the Interim Borrowing Order to but excluding the Termination Date an aggregate amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Commitments as Tranche B Loans, solely pursuant to subsection 3.3B, it being understood that the entry of the Interim Borrowing Order in accordance with the terms of this Agreement is a condition precedent to each Lender's Tranche B Commitment, and all Tranche B Commitments shall immediately terminate should the Interim Borrowing Order not be so entered. The original amount of each Lender's Tranche B Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate original amount of the Tranche B Commitments is $367,853,962.03; provided that the Tranche B Commitments of Lenders shall be adjusted to give effect to any assignments of the Tranche B Commitments pursuant to subsection 10.1B, and shall be reduced from time to time by the amount of any reductions thereto made pursuant to subsection 2.4A or 6.12, and shall be reduced on the date of entry of the Interim Borrowing Order and on the date of entry of the Final Borrowing Order to an amount (on each date) equal to the maximum amount which is on such date, or at any time thereafter may become, available to be drawn under the Existing L/Cs (and any reduction of the Tranche B Commitments on the date of entry of the Interim Borrowing Order or the Final Borrowing Order shall be applied to each Lender's Tranche B Commitment ratably). Each Lender's Tranche B Commitment shall expire on the Termination Date and all Tranche B Loans and all other amounts owed hereunder with respect to the Tranche B Loans and the Tranche B Commitments shall be paid in full no later than that date. Amounts borrowed under this subsection 2.1A(ii) and subsequently repaid may not be reborrowed. Anything contained in this Agreement to the contrary notwithstanding, in no event shall the Total Utilization of Tranche B Commitments at any time exceed the Tranche B Commitments then in effect.

  • Loan Advances During the Revolving Period, the Borrower may, at its option, request the Revolving Lenders to make advances of funds (each, a “Loan Advance”) by delivering a Funding Notice with respect to such Loan Advance to the Administrative Agent, which shall provide notification to the Revolving Lenders with respect thereto, in an aggregate amount up to the Availability as of the proposed Funding Date of the Loan Advance; provided, however, that no Revolving Lender shall be obligated to make any Loan Advance on or after the date that is two (2) Business Days prior to the earlier to occur of the applicable Revolving Period End Date or the Termination Date. Following the receipt of a Funding Notice during the Revolving Period, subject to the terms and conditions hereinafter set forth, the Revolving Lenders shall fund such Loan Advance.

  • 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 Revolver Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

  • 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 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to one percent (1.0%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.3(d) below.

  • The Revolving Credit Advances Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to any Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount (based in respect of any Revolving Credit Advance denominated in a Major Currency on the Equivalent in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing), not to exceed at any time outstanding such Lender's Commitment, provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount (based in respect of any Competitive Bid Advance denominated in a Foreign Currency on the Equivalent in Dollars at such time) of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit Borrowing shall be in an aggregate amount not less than $10,000,000 (or the Equivalent thereof in any Major Currency determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) or an integral multiple of $1,000,000 (or the Equivalent thereof in any Major Currency determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments; provided, however, that if there is no unused portion of the Commitment of one or more Lenders at the time of any requested Revolving Credit Borrowing such Borrowing shall consist of Revolving Credit Advances of the same Type made on the same day by the Lender or Lenders who do then have an unused portion of their Commitments ratably according to the unused portion of such Commitments. Notwithstanding anything herein to the contrary, no Revolving Credit Borrowing may be made in a Major Currency if, after giving effect to the making of such Revolving Credit Borrowing, the Equivalent in Dollars of the aggregate amount of outstanding Revolving Credit Advances denominated in Major Currencies, together with the Equivalent in Dollars of the aggregate amount of outstanding Competitive Bid Advances denominated in Foreign Currencies, would exceed $500,000,000. Within the limits of each Lender's Commitment, any Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

  • Revolver Advances (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender with a Commitment agrees (severally, not jointly or jointly and severally) to make revolving loans (“Advances”) to Borrowers in an amount at any one time outstanding not to exceed the lesser of: (i) such Lender’s Commitment, or (ii) such Lender’s Pro Rata Share of an amount equal to the lesser of: (A) the Maximum Revolver Amount less the sum of (1) the Letter of Credit Usage at such time, plus (2) the principal amount of Swing Loans outstanding at such time, and (B) the Borrowing Base at such time less the sum of (1) the Letter of Credit Usage at such time, plus (2) the principal amount of Swing Loans outstanding at such time. (b) Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement. The outstanding principal amount of the Advances, together with interest accrued thereon, shall be due and payable on the Maturity Date or, if earlier, on the date on which they are declared due and payable pursuant to the terms of this Agreement. (c) Anything to the contrary in this Section 2.1 notwithstanding, Agent shall have the right (but not the obligation) to establish, increase, reduce, eliminate, or otherwise adjust reserves from time to time against the Borrowing Base or the Maximum Revolver Amount in such amounts, and with respect to such matters, as Agent in its Permitted Discretion shall deem necessary or appropriate, including (i) reserves in an amount equal to the Bank Product Reserve Amount, (ii) reserves with respect to (A) sums that Parent or its Subsidiaries are required to pay under any Section of this Agreement or any other Loan Document (such as taxes, assessments, insurance premiums, or, in the case of leased assets, rents or other amounts payable under such leases) and has failed to pay when due, and (B) amounts owing by Parent or its Subsidiaries to any Person to the extent secured by a Lien on, or trust over, any of the Collateral (other than a Permitted Lien which is a permitted purchase money Lien or the interest of a lessor under a Capital Lease), which Lien or trust, in the Permitted Discretion of Agent likely would have a priority superior to Agent’s Liens (such as Liens or trusts in favor of landlords, warehousemen, carriers, mechanics, materialmen, laborers, or suppliers, or Liens or trusts for ad valorem, excise, sales, or other taxes where given priority under applicable law) in and to such item of the Collateral, and (iii)

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