The Tranche B Borrowing. Subject to the terms and conditions set forth herein, each Tranche B Lender severally and not jointly agrees to make (or continue) a single loan to the Borrower on the Effective Date in an amount not to exceed such Tranche B Lender’s Tranche B Commitment. The Tranche B Borrowing shall consist of Tranche B Loans made (or continued hereunder) simultaneously by the Tranche B Lenders in accordance with their respective Commitment Percentage of the Tranche B Facility. Amounts borrowed under this Section 2.2(b) (including the Tranche B Loans made pursuant to the Existing Credit Agreement and continued hereunder) and repaid or prepaid may not be reborrowed.
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Samples: Credit Agreement (National Storage Affiliates Trust), Credit Agreement (National Storage Affiliates Trust)
The Tranche B Borrowing. Subject to the terms and conditions set forth herein, each Tranche B Lender severally and not jointly agrees to make (or continue) a single loan to the Borrower on the Effective Date in an amount not to exceed such Tranche B Lender’s Commitment Percentage of the Tranche B CommitmentFacility. The Tranche B Borrowing shall consist of Tranche B Loans made (or continued hereunder) simultaneously by the Tranche B Lenders in accordance with their respective Commitment Percentage of the Tranche B Facility. Amounts borrowed under this Section 2.2(b) (including the Tranche B Loans made pursuant to the Existing Credit Agreement and continued hereunder) and repaid or prepaid may not be reborrowed.
Appears in 2 contracts
Samples: Credit Agreement (National Storage Affiliates Trust), Credit Agreement (National Storage Affiliates Trust)
The Tranche B Borrowing. Subject to the terms and conditions set forth herein, each Tranche B Lender severally and not jointly agrees to make (or continue) a single loan to the Borrower on the Effective Date in an amount not to exceed such Tranche B Lender’s Commitment Percentage of the Tranche B CommitmentFacility. The Tranche B Borrowing shall consist of Tranche B Loans made (or continued hereunder) simultaneously by the Tranche B Lenders in accordance with their respective Commitment Percentage of the Tranche B Facility. Amounts borrowed under this Section 2.2(b) (including the Tranche B Loans made pursuant to the Existing Credit Agreement and continued hereunder2.1(b) and repaid or prepaid may not be reborrowed.
Appears in 1 contract
Samples: Credit Agreement (National Storage Affiliates Trust)
The Tranche B Borrowing. Subject to the terms and conditions set forth herein, each Tranche B Lender severally and not jointly agrees to make (or continue) a single loan to the Borrower on the Effective Closing Date in an amount not to exceed such Tranche B Lender’s Tranche B Commitment. The Tranche B Borrowing shall consist of Tranche B Loans made (or continued hereunder) simultaneously by the Tranche B Lenders in accordance with their respective Commitment Tranche B Commitments and each such Tranche B Lender’s Applicable Percentage of the Total Tranche B FacilityCommitment. Amounts borrowed under this Section 2.2(b) (including the Tranche B Loans made pursuant to the Existing Credit Agreement and continued hereunder2.1(b) and repaid or prepaid may not be reborrowed.
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