Tranche B Commitments. The Borrower may at any time and from time to time (but not more than sixty (60) days nor less than thirty (30) days prior to the then existing Scheduled Tranche B Commitment Termination Date) request in writing that the Tranche B Lenders consent (the decision so to agree to be within the sole and absolute discretion of each Tranche B Lender) to extend the Scheduled Tranche B Commitment Termination Date by giving written notice thereof to the Administrative Agent (each a “Tranche B Commitment Extension Request”). Upon receipt of each such Tranche B Commitment Extension Request, the Administrative Agent shall promptly send each Tranche B Lender and the Swing Line Lender a copy thereof. Any Tranche B Lender that shall not have consented or responded to such Tranche B Commitment Extension Request by the Tranche B Commitment Extension Response Date therefor shall be deemed to be a “Non-Extending Tranche B Lender”, and any Tranche B Lender that shall have consented to such Tranche B Commitment Extension Request but with a Tranche B Commitment that is less than its existing Tranche B Commitment shall be deemed to be a Non-Extending Tranche B Lender to the extent of the excess of its existing Tranche B Commitment minus its Tranche B Commitment as to be extended. With respect to the Non-Extending Tranche B Lenders, the Borrower shall have the option (with the consent of the Swing Line Lender), expiring on the applicable Tranche B Commitment Extension First Offer Expiration Date, to offer to the Lender serving as the Administrative Agent the right to assume some or all of the Tranche B Commitments (and to purchase the corresponding Tranche B Loans and Swing Line Loan Participations) thereof and, to the extent such Lender shall have failed to accept such offer on or prior to the applicable Tranche B Commitment Extension Final Offer Expiration Date, to offer to any one or more of the other Lenders or, with the consent of the Administrative Agent (not to be unreasonably withheld, conditioned or delayed) any one or more other Persons, the right to assume some or all of such Tranche B Commitments (and to purchase the corresponding Tranche B Loans and Swing Line Loan Participations) which the Lender serving as the Administrative Agent shall not have agreed to assume (and purchase). In the event and to the extent any such Lender or other Person shall have so agreed to assume such Tranche B Commitments (and to purchase such corresponding Tranche B Loans and Swing Line Loan...
Tranche B Commitments. From and including the Closing Date and prior to the Termination Date, each Tranche B Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Tranche B Loans to any Borrower in Agreed Currencies from time to time in a principal amount not to exceed in the aggregate at any one time outstanding for all of the Borrowers the Dollar Amount of its Tranche B Commitment; provided that (a) all Tranche B Loans that are Base Rate Loans or Same Day Dollar Loans shall be made in Dollars, (b) the Dollar Amount of the outstanding principal of Tranche B Loans and Swing Loans shall not at any time exceed the Total Tranche B Commitment and (c) the Total Exposure of such Tranche B Lender shall not exceed the Dollar Amount of such Tranche B Lender’s Tranche B Commitment. Subject to the terms of this Agreement, any Borrower may borrow, repay and reborrow Tranche B Loans at any time prior to the Termination Date. The Tranche B Commitments shall expire on the Termination Date.
Tranche B Commitments. Subject to the terms and conditions set forth herein, each Tranche B Lender agrees (i) to make Tranche B Revolving Loans denominated in US Dollars, Sterling and Euro to the Tranche B Borrowers other than the Canadian Borrowing Subsidiaries, (ii) to make Tranche B Revolving Loans denominated in US Dollars and Canadian Dollars to the Canadian Borrowing Subsidiaries and (iii) to accept and purchase drafts drawn by Canadian Borrowing Subsidiaries in Canadian Dollars as BAs, in each case from time to time during the Availability Period in an aggregate principal or face amount at any time outstanding that will not result in (A) the aggregate Tranche B Revolving Credit Exposures exceeding the aggregate Tranche B Commitments or (B) the Tranche B Revolving Credit Exposure of any Lender exceeding its Tranche B Commitment. Within the foregoing limits and subject to the terms and conditions set forth herein, the Tranche B Borrowers may borrow, prepay and reborrow Tranche B Revolving Loans and issue and sell drafts drawn as BAs.
Tranche B Commitments. Any part of the Tranche B Commitments not utilised under this agreement before the expiry of the Tranche B Availability Period will be cancelled automatically on the expiry of the Tranche B Availability Period.
Tranche B Commitments. Subject to the terms and conditions set forth herein, each Tranche B Lender agrees to make Tranche B Revolving Loans denominated in U.S. Dollars, in any Committed Alternative Currency or in any Designated Committed Alternative Currency to any Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (A) such Tranche B Lender’s Tranche B Revolving Credit Exposure exceeding such Tranche B Lender’s Tranche B Commitment, (B) the sum of the total Tranche B Revolving Credit Exposures plus the aggregate principal amount of outstanding Tranche B Competitive Loans exceeding the total Tranche B Commitments or (C) the aggregate principal amount of the Tranche B Revolving Loans denominated in an Alternative Currency exceeding US$350,000,0000. Within the foregoing limits and subject to the terms and conditions set forth herein, a Borrower may borrow, prepay and reborrow Tranche B Revolving Loans.
Tranche B Commitments. Subject to the terms and conditions of this Agreement, the Canadian Lender agrees to make Canadian Advances to the Company from time to time from the Effective Date until the Termination Date on any Business Day up to an aggregate principal amount outstanding at any one time which may not exceed the Equivalent Amount of US$5,000,000 ("Canadian Dollar Limit").
Tranche B Commitments. Subject to the terms and conditions set forth herein, each Tranche B Lender severally (and not jointly) agrees to make loans to the Borrower from time to time during the period from the Effective Date through the Business Day immediately preceding the Tranche B Commitment Termination Date, provided that immediately after giving effect thereto (i) the Senior Debt Asset Coverage would not be less than 3.00:1.00, (ii) the Adjusted Senior Debt Asset Coverage would not be less than 2.50:1.00, (iii) the aggregate outstanding principal balance of all Tranche B Loans made by such Tranche B Lender would not exceed its Tranche B Commitment, (iv) the Aggregate Temporary Loan Balance would not exceed the Aggregate Tranche B Commitments, and (v) the Aggregate Loan Balance would not exceed the Borrowing Base. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Tranche B Loans.
Tranche B Commitments. Unless previously terminated, the Tranche B Commitments shall terminate on the Scheduled Tranche B Commitment Termination Date.
Tranche B Commitments. The Borrower may at any time terminate, or from time to time reduce, without premium or penalty, the Tranche B Commitments, provided that (i) the Borrower may not terminate or reduce the Tranche B Commitments if, immediately after giving effect thereto and to any concurrent repayment of the Temporary Loans in accordance with Section 2.4 or 2.5, the outstanding principal balance of the Temporary Loans would exceed the Tranche B Commitment, and (ii) each such reduction shall be in a minimum amount of $5,000,000 and in an integral multiple of $1,000,000. Each reduction of the Tranche B Commitments to an amount in the aggregate below the Swing Line Commitment Amount shall automatically reduce the Swing Line Commitment Amount on a dollar for dollar basis.
Tranche B Commitments. On the terms and subject to the conditions contained in this Agreement, each Tranche B Lender severally agrees to make a loan (each a "TRANCHE B LOAN") to the Borrower (i) on the Effective Date, in an amount not to exceed such Lender's Tranche B Commitment and (ii) pursuant to the provisions of SECTION 2.18, on the Re-Advance Date, in an amount equal to its Ratable Portion of the Re-Advanced Amount. Subject to SECTION 2.18, amounts of Tranche B Loans prepaid or repaid may not be reborrowed.
