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 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).

Appears in 2 contracts

Samples: Credit Agreement (Jabil Inc), Credit Agreement (Jabil Inc)

AutoNDA by SimpleDocs

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 LenderXxxxxx’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).

Appears in 1 contract

Samples: Credit Agreement (Jabil Inc)

Tranche B Advances. Each Tranche B Lender severally agrees, on the terms and conditions hereinafter set forth, to make Tranche B Advances denominated in Dollars or a Committed Currency to any the 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 aggregate amount (based in respect of any Advances to be denominated in a Committed Currency by reference to on the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) not to exceed at any time such Lender’s Unused 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 the Borrower may borrow under this Section 2.01(a)(ii2.01(c), prepay pursuant to Section 2.10 2.11 and reborrow under this Section 2.01(a)(ii2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Office Depot Inc)

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 Lender’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).

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Procter & Gamble Co)

AutoNDA by SimpleDocs

Tranche B Advances. Each Tranche B Lender severally agrees, on the terms and conditions hereinafter set forth, to make Tranche B Advances denominated in a Committed Currency to any the 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 aggregate amount (based in respect of any Advances to be denominated in a Committed Currency by reference to on the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) not to exceed at any time the lesser of such Lender’s 's Unused Commitment and 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 as Eurocurrency Rate Advances 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 's Tranche B Commitment, any the Borrower may borrow under this Section 2.01(a)(ii)2.01, prepay pursuant to Section 2.10 2.11 and reborrow under this Section 2.01(a)(ii2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Office Depot Inc)

Tranche B Advances. Each Tranche B Lender severally agrees, on the terms and conditions hereinafter set forth, to make Tranche B Advances denominated in Dollars or a Committed Currency to any the 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 aggregate amount (based in respect of any Advances to be denominated in a Committed Currency by reference to on the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) not to exceed at any time such Lender’s Unused '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 's Tranche B Commitment, any the Borrower may borrow under this Section 2.01(a)(ii2.01(c), prepay pursuant to Section 2.10 2.11 and reborrow under this Section 2.01(a)(ii2.01(c).

Appears in 1 contract

Samples: Five Year Credit Agreement (Office Depot Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.