Common use of Tranche B Advances Clause in Contracts

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 Xxxxxx’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 Tranche B Lender severally agrees(1) Subject to the provisions of this Agreement, on the terms and conditions hereinafter set forth, to make Tranche B Advances will be made by the Guarantor Banks to the Borrower at its request if the following additional conditions are fulfilled:- (a) not later than 10 a.m. on the fourth Business Day before the proposed date of the relevant Tranche B Advance (or, as the case may be, such later time as may be acceptable to the Agent and the Guarantor Banks for the purpose of the relevant request), the Agent has received from the Borrower a notice substantially in the form set out in Schedule 5 specifying:- (i) the proposed date of that Tranche B Advance, which must be a Business Day falling on or before the Commitment Termination Date relating to the Tranche B Term Commitments; (ii) the amount of that Tranche B Advance, which must be equal to or less than the Available Tranche B Facility and, if less than the Available Tranche B Facility, must be US$5,000,000 or a higher integral multiple of US$1,000,000; (iii) the duration of the first Interest Period relating to that Tranche B Advance, which must be in accordance with Clause 9(A); and (iv) details of the bank (which must be in New York City) and account to which the Borrower wishes the proceeds of that Tranche B Advance to be made available by the Agent; (b) the Borrower has not served a notice requesting for the issuance of the EDB Guarantee under Clause 4(A) prior to the receipt by the Agent of the notice referred to in paragraph 1(a) above; (c) none of the events mentioned in Clause 12(C)(2) occurs in relation to the first Interest Period for that Tranche B Advance; (d) all representations and warranties in Clause 14 (except to any Borrower from time to time extent waived in accordance with Clause 26(B)) have been complied with and would be correct in all material respects if repeated 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 proposed date of any Advances to be denominated in a Committed Currency that Tranche B Advance by reference to the Equivalent thereof circumstances then existing; (e) no Event of Default or Potential Event of Default has occurred on or before the proposed date of that Tranche B Advance and is continuing, or will occur as a result of making that Tranche B Advance, other than any waived in Dollars determined accordance with Clause 26(B); and (f) not later than 10 a.m. on the proposed date of that Tranche B Advance, the Agent has received and found satisfactory such additional information, legal opinions and/or other documents relevant in the context of or relating to any of the Financing Documents as it may reasonably request not later than 10 a.m. on the second Business Day before the proposed date of that Tranche B Advance as a result of circumstances which have arisen or come to its attention since the date of delivery of the applicable Notice of Borrowing) not to exceed such Xxxxxx’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)Agreement.

Tranche B Advances. Each Tranche B Lender severally agrees, on (a) Subject to the terms and conditions hereinafter set forthof this Agreement, and during the term of this Agreement, each Lender with a Tranche B Commitment agrees to make advances ("Tranche B Advances") to Borrowers in an amount at any one time outstanding not to exceed such Lender's Pro Rata Share of an amount equal to the lower of (i) the Maximum Tranche B Amount, or (ii) the Borrowing Base less the Tranche A Usage. (b) Anything to the contrary in this Section 2.3 notwithstanding, Borrowers shall not have the right to require Lenders with Tranche B Commitments to make Tranche B Advances to any Borrower from time to time on any Business Day during Borrowers unless the period from Tranche A Usage equals the Effective Date until the Termination Date applicable to such Lender in an amount Maximum Tranche A 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 Borrowingc) not to exceed such Xxxxxx’s Unused The Lenders with Tranche B Commitment. Each Tranche B Borrowing Commitments 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 have no obligation to make additional Tranche B Advances of hereunder to the same Type extent such additional Tranche B Advances would cause the Tranche A Usage and in the same currency made on the same day by the Tranche B Lenders ratably according Usage to their respective exceed the Maximum Facility Amount. (d) Amounts borrowed pursuant to this Section may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement; provided, however, that, if and so long as any Tranche A Advances are outstanding, no Tranche B Commitments. Within the limits of each Advance shall be repaid unless, after giving effect to such repayment, 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)A Advance Availability is greater than $7,500,000.

Tranche B Advances. Each Tranche B Lender severally agrees, on the terms and conditions hereinafter set forth, to make Tranche B Advances to any each Borrower from time to time on any Business Day during the period from the Effective Closing Date until the Termination Date applicable to such Lender in an aggregate amount (based in respect of any Advances to be denominated in a Committed 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 XxxxxxLender’s Unused Tranche B Commitment; provided that, if P&G shall so notify the Agent in accordance with Section 2.20(a) that any Commitment Increase in respect of the Tranche B Facility shall not apply to any Borrower, the aggregate outstanding principal amount of Tranche B Advances made to such Borrower shall not exceed the amount of the Tranche B Facility immediately prior to the applicable Commitment Increase in respect of the Tranche B Facility. Each Tranche B such Borrowing shall be in an a minimum amount not less than the Revolving Credit Borrowing Minimum of $10,000,000, in respect of Tranche B Advances denominated in Dollars (or the Revolving Credit Borrowing Multiple Equivalent in excess thereof any other applicable Optional Currency 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; 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 Tranche B Lender’s Tranche B Commitment, any each Borrower may borrow under this Section 2.01(a)(ii2.01(b), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(a)(ii2.01(b).