Common use of The Tranche B Borrowing Clause in Contracts

The Tranche B Borrowing. Subject to the terms and conditions set forth herein, each Tranche B Lender severally and not jointly agrees to make 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 Facility. The Tranche B Borrowing shall consist of Tranche B Loans made 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) 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)

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The Tranche B Borrowing. Subject to the terms and conditions set forth herein, each Tranche B Lender severally and not jointly agrees to make a single loan to the Borrower on the Effective Closing Date in an amount not to exceed such Tranche B Lender’s Commitment Percentage of the Tranche B FacilityCommitment. The Tranche B Borrowing shall consist of Tranche B Loans made 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(b2.1(b) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Term Loan Agreement (First Potomac Realty Trust)

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The Tranche B Borrowing. Subject to the terms and conditions set forth herein, each Tranche B Lender severally and not jointly agrees to make 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 Facility. The Tranche B Borrowing shall consist of Tranche B Loans made 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(b2.1(b) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (National Storage Affiliates Trust)

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