Tranche A Loan. (i) Subject to the terms and conditions of this Agreement and relying on the representations and warranties set forth herein, each Lender, severally and not jointly, agrees to provide its share of the Tranche A Loan to the Borrower on the Funding Date in Dollars in a principal amount equal to such Xxxxxx’s Tranche A Loan Commitment. No Lender shall have an obligation to make a Tranche A Loan in excess of such Xxxxxx’s Tranche A Loan Commitment.
Tranche A Loan. Lender agrees to make a term loan to Borrower on the Tranche A Closing Date in the principal amount (the “Tranche A Loan Amount”) of Thirty Million Dollars ($30,000,000.00) (the “Tranche A Loan”); and
Tranche A Loan. The Tranche A Loan may only be used for the purpose of refinancing the Existing Facilities.
Tranche A Loan. Subject to the terms and conditions of this Loan Agreement, Lender agrees to advance to Borrower a term loan (the "Tranche A Loan") in an aggregate principal amount not to exceed $1,353,861.80 to be used to payoff existing Indebtedness to Wells Fargo Business Credit Inc. Borrower may not reborrow the princxxxx amount of the Tranche A Loan after repayment or prepayment thereof.
Tranche A Loan. Subject to and upon the terms and conditions set forth in this Agreement, the Lender agrees to make (by means of conversion of a portion of revolving loans outstanding under the 1995 Credit Agreement), on the Closing Date, a term loan (the "Tranche A Loan) to Borrowers in an aggregate principal amount equal to fifty million dollars ($50,000,000). The Tranche A Loan shall be evidenced by a promissory note, substantially in the form of Exhibit D attached hereto, payable to the Lender in the original --------- principal amount of the Tranche A Loan (together with any extension, renewal, modification, or replacement thereof or therefor, the "Tranche A Note"). Once repaid, the Tranche A Loan may not be reborrowed.
Tranche A Loan. On the terms and subject to the conditions contained in this Agreement, the Lender agrees to make a single loan (the "Tranche A Loan") to the Borrower, which Tranche A Loan (i) shall be made only on the Closing Date, (ii) shall be repaid pursuant to the terms hereof, but once repaid may not be reborrowed, and (iii) shall not exceed the amount of the Tranche A Loan Commitment. The Tranche A Loan shall be evidenced by the Tranche A Note.
Tranche A Loan. (i) Subject to the terms and conditions of this Agreement and relying on the representations and warranties set forth herein, each Lender, severally and not jointly, agrees to provide its share of the Tranche A Loan to Borrower on the Closing Date in Dollars in a principal amount equal to such Xxxxxx’s Tranche A Loan Commitment. No Lender shall have an obligation to make a Tranche A Loan in excess of such Xxxxxx’s Tranche A Loan Commitment. (ii) Subject to the terms and conditions of this Agreement (including Section 6.01), Borrower shall deliver to the Administrative Agent a fully executed Borrowing Notice no later than 5 p.m. (New York City time) at least one (1) Business Day in advance of the Closing Date. (iii) Borrower may make one borrowing under the Tranche A Loan Commitment which shall be on the Closing Date. Subject to Section 3.03, all amounts owed hereunder with respect to the Tranche A Loan shall be paid in full no later than the Maturity Date. Each Lender’s Tranche A Loan Commitment shall terminate immediately
Tranche A Loan. Subject to the terms and conditions of this Agreement, each Bank agrees to make advances to Borrower ("Advances"), in one or more increments, an aggregate principal amount not to exceed its Commitment Percentage of $60,000,000 (the "Tranche A Loan"). That part of the Tranche A Loan made by each Bank shall be evidenced by a promissory note of Borrower, substantially in the form of Exhibit A hereto, with appropriate insertions therein as to payee, date and principal amount, payable to the order of such Bank and evidencing the obligation of the Borrower to pay a principal amount equal to the aggregate unpaid principal amount of such Bank's Commitment Percentage of the Tranche A Loan. Each promissory note executed by the Borrower in connection with the Tranche A Loan, together with any and all renewals, extensions, amendments and changes of, or substitutions for said note, is herein called a "Tranche A Note" and collectively, the "Tranche A Notes." Absent an Event of Default, during the Tranche A Revolving Period Borrower may borrow, prepay and reborrow under the Tranche A Notes in accordance with paragraph 2(c) below; thereafter, the Tranche A Loan will be a term loan as provided in paragraph 2(d) below.
Tranche A Loan i. If at any time during the Tranche A Revolving Period the Agent determines that the aggregate unpaid principal amount outstanding under the Tranche A Notes plus the aggregate face amount of any outstanding letters of credit issued hereunder exceeds the Tranche A Borrowing Base then in effect (such excess is hereinafter called the "Tranche A Excess Debt"), Borrower shall notify Agent, within 10 Business Days after notice thereof from the Agent, of which of the following actions Borrower intends to take and shall, within the applicable time period provided below following receipt of notice from the Agent of the existence of such Tranche A Excess Debt, take such action:
Tranche A Loan. Subject to the terms and conditions of this Agreement, each Lender severally agrees to make one or more Tranche A Advances to the Borrower from time to time from the date hereof to but excluding the Termination Date in an aggregate principal amount at any time outstanding up to but not exceeding the amount of such Lender's Tranche A Commitment as then in effect, provided that the aggregate amount of all Tranche A Advances at any time outstanding shall not exceed (a) the lesser of (i) the Tranche A Commitments or (ii) the Borrowing Base, minus (b) the sum of the outstanding Swing Loan Advances and the Letter of Credit Liabilities. Notwithstanding anything to the contrary contained herein, the Eligible Total Inventory Amount advanced shall never exceed fifty percent (50%) of the aggregate amount of all Tranche A Advances, Swing Loan Advances and Letter of Credit Liabilities at any time outstanding. Subject to the foregoing limitations, and the other terms and provisions of this Agreement, the Borrower may borrow, repay, and reborrow hereunder the amount of the Tranche A Commitments by means of Advances. Tranche A Advances made by each Lender shall be made and maintained at such Lender's Applicable Lending Office.
