Common use of Tranche B Loans Clause in Contracts

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.

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.