Tranche B Loans Sample Clauses

Tranche B Loans. Subject to the terms and conditions hereof, Tranche B Lenders severally agree to make loans to Borrower (herein called such Tranche B Lender's "Tranche B Loans") from time to time on any Business Day during the Tranche B Commitment Period so long as (i) all Tranche B Lenders are requested to make Tranche B Loans of the same Type in accordance with their respective Tranche B Percentage Shares and as part of the same Borrowing, (ii) the sum of (a) the aggregate amount of all Tranche B Loans outstanding plus (b) the LC Obligations outstanding does not exceed the Tranche B Commitment at any time and (iii) the aggregate amount of all Loans (including Committed Loans and Competitive Bid Loans) and all LC Obligations does not exceed the Commitment. The aggregate amount of all Tranche B Loans in any Borrowing must be greater than or equal to $250,000 and must be a higher integral multiple of $100,000 or must equal the unadvanced portion of the Tranche B Commitment. In addition to the foregoing, upon the making of each payment by the Issuing Bank pursuant to any LC, Borrower shall be deemed to have requested each Tranche B Lender to, and such Tranche B Lender shall, make a Tranche B Loan in the amount of such Tranche B Lender's Tranche B Percentage Share of Borrower's consequent reimbursement obligation and apply the proceeds thereof to the payment of such reimbursement obligation. When any Matured LC Obligations is repaid with proceeds of a Borrowing, such Matured LC Obligations so repaid shall be extinguished and such Borrowing shall be governed by the terms of this Agreement applicable to all other Borrowings. Any such Borrowings are Borrowings of Committed Base Rate Loans unless otherwise designated by Borrower in compliance with the notice requirements set forth in Section 2.2. The obligation of Borrower to repay to each Tranche B Lender the aggregate amount of all Tranche B Loans made by such Tranche B Lender, together with interest accruing in connection therewith, shall be evidenced by a single promissory note made by Borrower payable to the order of such Tranche B Lender (herein called such Tranche B Lender's "Tranche B Note") in the form of Exhibit B with appropriate insertions. The amount of principal owing on any Tranche B Lender's Tranche B Note at any given time shall be the aggregate amount of all Tranche B Loans theretofore by such Tranche B Lender made minus all payments of principal theretofore received by such Tranche B Lender on its Tranche B No...

Tranche B Loans. The Borrower shall repay (i) on the last day of each of January, April, July and October beginning with January 31, 2019, a principal amount of Tranche B Loans equal to Original Tranche B Loan Amount multiplied by 0.25% to the Agent, for the ratable benefit of the Tranche B Lenders and (y) on the Tranche B Maturity Date, to the Agent, for the ratable benefit of the Tranche B Lenders, all Tranche B Loans outstanding on the Tranche B Maturity Date.

Tranche B Loans. The following interest and fees shall be payable with respect to Tranche B Loans:

Tranche B Loans. Subject to the terms and conditions set forth in this Agreement (including Section 4.03) and in reliance upon the representations and warranties of the Loan Parties set forth herein, each Tranche B Lender severally, but not jointly, agrees to advance to Borrower from time to time during the Availability Period such loans as Borrower may request pursuant to this Section 2.01 (exclusive of the Tranche A Loan, individually, a “Tranche B Loan” and, collectively, the “Tranche B Loans”) in an aggregate principal amount which, when added to the aggregate principal amount of all prior Tranche B Loans made by such Lender under this Agreement, does not exceed such Tranche B Lender’s Tranche B Commitment.

Tranche B Loans. The obligation of the Lender to make Tranche B Loans available hereunder shall occur on the date (the "Subsequent Advance Date") on or after August 10, 1998 that the Lender shall have received each of the following, in form and substance satisfactory to the Lender and its counsel: (i) evidence that the Effective Date shall have occurred; (ii) evidence that the Final Order shall be in full force and effect approving the Commitments (or such lesser amount as shall be acceptable to the Lender in its sole discretion) and shall not have been reversed, stayed, modified or amended; (iii) the Bankruptcy Court shall have scheduled the hearing on approval of the Disclosure Statement under section 1125 of the Bankruptcy Code to occur no later than August 15, 1998; (iv) the Borrowers shall be actively pursuing Bankruptcy Court approval of the Disclosure Statement and confirmation of the Chapter 11 Plan on or before September 22, 1998; (v) certificates from a duly authorized officer of each of the Borrowers and any of the Borrowers' Subsidiaries, as applicable, of the type referred to in clauses (a)(viii) and (a)(ix) above, dated the Subsequent Advance Date and such certificates are true and accurate in all material respects; and (vi) the Borrowers shall be continuing to facilitate and cooperate with the Due Diligence described in clause (a)(xii) above; and (vii) the Borrowers shall not have dismissed or replaced the Crisis Manager referred to in clause (a)(xi) above without obtaining Bankruptcy Court approval and, if terminated without cause, without having agreed with the Lender on a replacement Crisis Manager; provided, however, that if the Borrowers dismiss the Crisis Manager for cause, they agree to replace the Crisis Manager as soon as reasonably practicable with another Crisis Manager acceptable to the Lender.

Tranche B Loans. (a) Each Tranche B Lender agrees to lend to the Borrower that amount set forth next to such Lender's name in Schedule 1B (the aggregate of all such ----------- amounts being referred to as the "Tranche B Principal Amount"; and together with the Tranche A Principal Amount, the "Principal Amount"). Subject to Section 3 of this Agreement, the Tranche B Principal Amount shall be repaid in full on July 31, 2001, unless the Acquisition has been completed on or prior to July 31, 2001, in which case the Tranche B Principal Amount shall be repaid in full on June 30, 2002 (such date, as applicable, being referred to as the "Tranche B Maturity Date" and together with the Tranche A Maturity Date as the "Maturity Dates"); provided that, unless the Tranche A Majority Lenders have elected to extend the Tranche A Maturity Date pursuant to Section 3.1, no amount shall be paid in respect of the Tranche B Loans unless and until the Borrower shall have paid in full all due and owing amounts in respect of the Tranche A Loans. Each Tranche B Loan shall be evidenced by a promissory note in the form set forth in Exhibit B hereto (each, a "Tranche B Note"; and together with the Tranche A ---------- Notes, the "Notes"). (b) The Borrower may, from time to time after the Initial Disbursement Date (as defined below) but prior to the date the Acquisition is consummated, request the Tranche B Lenders to make additional loans (each such loan, an "Optional Tranche B Loan") in an aggregate principal amount for all such loans not to exceed $1,800,000 to the Borrower. Such request shall be made in writing on a business day which is at least 5 business days prior to the requested date of disbursement and such request shall be in a notice sent by the Borrower via facsimile (with telephonic confirmation) to each of the Tranche B Lenders. Such notice will state the following information: (i) the date of the requested disbursement of the Optional Tranche B Loan and (ii) the aggregate amount of the Optional Tranche B Loan being requested. Each Tranche B Lender shall indicate in writing (delivered via facsimile, with telephonic confirmation) to the Borrower by 12:00 p.m. of the business day immediately following the date on which the Borrower makes its request, whether such Tranche B Lender is willing to lend any portion of the requested Optional Tranche B Loan and, if so, the amount of such Optional Tranche B Loan it is willing to lend (such amount being, solely in respect of such requested Option...

Tranche B Loans. On the terms and subject to the conditions contained in this Agreement and in reliance upon the representations and warranties of the Obligors set forth herein, each Lender further agrees to make one or more Loans to the Borrowers (each, a "Tranche B Loan") on the Closing Date and on each other Funding Date requested by a Borrower in a Notice of Borrowing given in accordance with Section 2.2 in an amount not to exceed, in the aggregate for all Tranche B Loans made by such Lender on all Funding Dates, the Tranche B Commitment of such Lender. No Tranche B Loan, when combined with the aggregate amount of prior Tranche B Loans, shall exceed the principal and interest amount paid or prepaid under the Airbus A321 Financings from and after the date of the MOU (May 18, 2005) to and including the Funding Date for such Tranche B Loan (including, for the avoidance of doubt, principal and interest to be paid with the proceeds of the proposed Tranche B Loan). No Tranche B Loan shall be made unless all amounts which are due and payable on the Funding Date for such Tranche B Loan under the A321 Airbus Financings have been, or immediately following the application of the proceeds of such Tranche B Loan will have been, paid in full. There may be multiple Borrowings of Tranche B Loans. Tranche B Loans repaid or prepaid may not be reborrowed hereunder.

Tranche B Loans. Upon the terms and subject to the conditions of this Agreement, each Tranche B Lender agrees to make a Tranche B Loan in a single advance to the Borrower on the Closing Date in a principal amount not exceeding such Tranche B Lender’s Commitment; provided that the aggregate of all Tranche B Loans made on the Closing Date shall not exceed $9,604,696. Any unutilized Tranche B Lender’s Commitment outstanding immediately after the disbursement of the Tranche B Loans on the Closing Date shall terminate and not be reinstated.

Tranche B Loans. The Borrower hereby promises and agrees to pay the Administrative Agent, for account of the Tranche B Lenders, the Tranche B Loans evidenced by the Tranche B Notes on the following terms: (i) the Borrower shall pay the aggregate principal amount of the Tranche B Loans on successive Tranche B Installment Payment Dates commencing on the Maturity Date of the Tranche A Loans and ending on the Maturity Date of the Tranche B Loans, all as set forth on the Tranche B Installment Payment Schedule, provided that the final installment of principal shall in any event for each Tranche B Loan be equal to the then remaining unpaid principal amount of such Tranche B Loan. (ii) the Borrower shall pay interest accrued on each Tranche B Loan at the applicable Tranche B Interest Rate on the then outstanding principal amount of such Tranche B Loan. Interest on each Tranche B Loan shall be due and payable on each Interest Payment Date and on the date of any prepayment of principal in the Tranche B Loans, whether voluntary or mandatory; provided that all accrued and unpaid interest on the Tranche B Loans shall be due and payable on the final Tranche B Installment Payment Date.