Tranche B Advances. Each Tranche B Lender severally agrees, on the terms and conditions hereinafter set forth, to make Tranche B Advances to any Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date applicable to such Lender in an amount (based in respect of any Advances to be denominated in a Committed Currency by reference to the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Borrowing) not to exceed such Lender’s Unused Tranche B Commitment. Each Tranche B Borrowing shall be in an amount not less than the Revolving Credit Borrowing Minimum or the Revolving Credit Borrowing Multiple in excess thereof and shall consist of Tranche B Advances of the same Type and in the same currency made on the same day by the Tranche B Lenders ratably according to their respective Tranche B Commitments. Within the limits of each Tranche B Lender’s Tranche B Commitment, any Borrower may borrow under this Section 2.01(a)(ii), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(a)(ii).
Tranche B Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Tranche B Advances to each Borrower from time to time on any Business Day during the period from the Closing Date until the Termination Date in an aggregate amount (based in respect of any Advances to be denominated in any Optional Currency by reference to the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) not to exceed such Lender’s Unused Tranche B Commitment. Each such Borrowing shall be in a minimum amount of $10,000,000, in respect of Tranche B Advances denominated in Dollars (or the Equivalent in any other applicable Optional Currency thereof), and shall consist of Tranche B Advances of the same Type made on the same day by the Lenders ratably according to their respective Tranche B Commitments; provided that such minimum amount shall not apply with respect to any Tranche B Advances made in accordance with the provisions of Sections 2.04(b) or 2.07(c). Within the limits of each Lender’s Tranche B Commitment, each Borrower may borrow under this Section 2.01(b), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(b).
Tranche B Advances. Lender agreed, on the Original Forbearance Effective Date and as of March 31, 2008, to convert a portion of the outstanding principal amount of Lender’s Commercial Loans and loans originally made to Tribeca by BOS(USA), Inc. equal to Lender’s Tranche B Commitment into four term loans to the Borrowers, each in an amount of Tranche X-0, Xxxxxxx X-0, Xxxxxxx X-0, and Tranche B-4 (each aggregate amount so converted, a “Tranche B Advance” and, collectively, the “Tranche B Advances”; and each such respective portion thereof a “Tranche B-1 Advance”, “Tranche B-2 Advance”, “Tranche B-3 Advance”, and “Tranche B-4 Advance”, and collectively, the “Tranche B-1 Advances”, “Tranche B-2 Advances”, “Tranche B-3 Advances”, and “Tranche B-4 Advances”). Any portion of the Tranche B Advances that is subsequently repaid or prepaid may not be reborrowed.
Tranche B Advances. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make one Tranche B Advance to the Borrower on or before the Tranche B Commitment Termination Date in an aggregate amount not to exceed such Lender's Tranche B Commitment. Once repaid or prepaid, Tranche B Advances may not be reborrowed.
Tranche B Advances. The Borrowers of the Tranche B Advances shall repay the aggregate outstanding principal amount of such Advances in full in one instalment on the Tranche B Maturity Date.
Tranche B Advances. Prior to the Tranche C Availability Commencement Date no Tranche B Advance may be drawn under the Tranche B Facility unless and until the Tranche A Facility (including Advances deemed to have been made in accordance with Clause 4.4) has been drawn to the fullest extent possible without breaching the condition imposed by Clause 3.6(ix).
Tranche B Advances. Borrowers shall pay interest in advance on the unpaid principal amount of each Tranche B Advance from the date of such Advance until such Advance is paid in full, at a per annum rate of interest equal to the Prime Rate determined as of the date of such Advance plus two hundred twenty-five (225) basis points, based upon a year of 360 days and actual days elapsed.
Tranche B Advances. As of the Third Amendment Effective Date, $90,000,000 of the outstanding Revolving Advances (as defined in this Agreement prior to the Third Amendment Effective Date) are hereby designated as and deemed to constitute Tranche B Advances and each Lender’s pro rata share of such Tranche B Advances is as set forth on Schedule 2.01 hereof. The Borrower may not reborrow any Tranche B Advances that have been repaid or prepaid.
Tranche B Advances. Each Tranche B Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a "Tranche B Advance") to the Borrower on the Funding Date in an amount not to exceed such Lender's Tranche B Commitment. The Tranche B Borrowing shall consist of Advances made simultaneously by the Tranche B Lenders ratably according to their respective Tranche B Commitments. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed.
Tranche B Advances. A. The first sentence under Section 1.1(a)(ii)(A) of the Credit Agreement is hereby deleted in its entirety and replaced with the following new sentence: Subject to the terms and conditions hereof, each Revolving Lender agrees to make available to Borrowers from time to time until the Commitment Termination Date its Pro Rata Share of advances for general corporate purposes and for the purchase of Portfolios (each, a "Tranche B Advance").
