Tranche B Notes. Upon the request of any Tranche B Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Tranche B Lender (through the Administrative Agent) a promissory note, substantially the form of Exhibit 2.4(f), which shall evidence such Tranche B Lender’s Tranche B Loans in addition to such accounts or records.
Tranche B Notes. Each Tranche B Loan shall be evidenced by a Tranche B Note of the Company substantially in the form of Exhibit B (each such note, a "Tranche B Note"), dated the Closing Date in a principal amount equal to the initial principal amount of such Tranche B Loan, duly executed and delivered by the Company and payable to the Lender of such Tranche B Loan.
Tranche B Notes. On October 15, 2001 and on each October 15 thereafter to and including October 15, 2010, the Company will prepay $2,272,727 principal amount (or such lesser principal amount as shall then be outstanding) of the Tranche B Notes at par and without payment of the Make-Whole Amount or any premium. The entire remaining principal amount of the Tranche B Notes shall become due and payable on October 15, 2011. For purposes of this Section 8.1(b), any prepayment of less than all of the outstanding Tranche B Notes pursuant to Section 8.2 shall be deemed to be applied first to the amount of principal scheduled to be repaid on October 15, 2011, and then to the remaining scheduled principal payments, if any, in inverse chronological order.
Tranche B Notes. The Lender hereby agrees, subject to the terms and conditions of this Loan Agreement, to lend to the Borrowers, and the Borrowers hereby agree to borrow from the Lender, at the Closing $10,000,000 principal amount of the Tranche B Notes at par. The Holders of the Tranche B Notes shall have certain registration rights as provided in the Registration Rights Agreement.
Tranche B Notes. On each of January 30, 2028 and January 30, 2029, the Company will prepay $10,000,000 principal amount (or such lesser principal amount as shall then be outstanding) of the Tranche B Notes at par and without payment of the Make-Whole Amount or any premium. The entire unpaid principal amount of the Tranche B Notes shall become due and payable on January 30, 2030. Upon any partial prepayment or purchase of the Tranche B Notes pursuant to Section 8.2, Section 8.5 or Section 8.7, the principal amount of each required prepayment of the Tranche B Notes becoming due under this Section 8.1(b) on and after the date of such prepayment or purchase shall be reduced in the same proportion as the aggregate unpaid principal amount of the Tranche B Notes is reduced as a result of such prepayment or purchase.
Tranche B Notes. Administrative Agent shall preserve ----------------- registration books identifying each Tranche B Lender's interest in the Tranche B Notes and a list of the names and addresses of the holders of the Tranche B Notes, which register and list shall be available to each Party hereto or their respective representatives for inspection (the "Register"). Ownership of the -------- Tranche B Notes shall be proved by the Register. No transfer by any holder of a Tranche B Note or any portion thereof shall be effective unlexx xxx xxxxx xxch transfer is made upon the registration books maintained by Administrative Agent. Prior to due presentment for registration of transfer of any Tranche B Note, Administrative Agent, Collateral Agent, Lessee and Lessor shall deem and treat the Person in whose name any Tranche B Note is registered as the absolute owner of such Tranche B Note for the purpose of receiving payment of principal of, and Breakage Costs, if any, and interest on such Tranche B Note and for all other purposes whatsoever, whether or not such Tranche B Note is overdue, and neither Administrative Agent, Collateral Agent, Lessor, nor Lessee shall be affected by any notice to the contrary.
Tranche B Notes. Administrative Agent shall preserve registration books identifying each Tranche B Lender's interest in the Tranche B Notes and a list of the names and addresses of the holders of the Tranche B Notes, which register and list shall be available to each Party hereto or their respective representatives for inspection (the "Register"). Ownership of the Tranche B Notes shall be proved by the Register. No transfer by any holder of a Tranche B Note or any portion thereof shall be effective unless and until such transfer is made upon the registration books maintained by Administrative Agent. Prior to due presentment for registration of transfer of any Tranche B Note, Administrative Agent, Collateral Agent, Lessee and Lessor shall deem and treat the Person in whose name any Tranche B Note is registered as the absolute owner of such Tranche B Note for the purpose of receiving payment of principal of, and Breakage Costs, if any, and interest on such Tranche B Note and for all other purposes whatsoever, whether or not such Tranche B Note is overdue, and neither Administrative Agent, Collateral Agent, Lessor, nor Lessee shall be affected by any notice to the contrary.
Tranche B Notes. (a) Subject to the terms and conditions of this Agreement, each Tranche B Noteholder severally agrees to make advances to the Company (each a "TRANCHE B ADVANCE") during the period from the date hereof through September 1, 1999 (the "TRANCHE B COMMITMENT PERIOD") in an aggregate amount not exceeding the principal amount specified opposite such Tranche B Noteholder's name in SCHEDULE A (such amount, as it may be reduced or terminated pursuant to this Agreement, is herein referred to as such Tranche B Noteholder's "TRANCHE B COMMITMENT"). Each funding of Tranche B Advances shall be made on the same date ratably by the Tranche B Noteholders. The Tranche B Advances made by each Tranche B Noteholder shall be evidenced by the Tranche B Note issued to such Noteholder. Subject to the limits set forth herein and the other terms and conditions of this Agreement, the Company may borrow, repay and reborrow Tranche B Advances under this SECTION 2.02.
(b) Pursuant to the Original Note Purchase Agreement, the Company has authorized the issue and sale of $5,000,000 aggregate principal amount of its 10% Senior Secured General Obligation Notes (the "TRANCHE B NOTES"). Pursuant to the Original Note Purchase Agreement, the Company has issued to each Tranche B Noteholder a Tranche B Note in the principal amount of such Tranche B Noteholder's Tranche B Commitment. The Tranche B Notes are in the form set out in EXHIBIT 2.02, with such changes therefrom, if any, as may be approved by the Tranche B Noteholders and the Company. Each Tranche B Noteholder will note on its internal records, to the extent applicable, the date and amount of each Tranche B Advance made by such Tranche B Noteholder to the Company hereunder, and the amount of each payment in respect thereof and will prior to any transfer of any of its Tranche B Note endorse on the reverse side thereof the outstanding principal amount of Tranche B Advances evidenced thereby. Failure to make any such notation shall not affect the Company's obligations in respect of such Tranche B Advance. Absent manifest error, any Tranche B Noteholder's records or notations on its Tranche B Note as to the outstanding principal amount of its Tranche B Advances shall be rebuttably presumed to be correct.
Tranche B Notes. (a) Each Tranche B Loan shall be evidenced by a single promissory note of Borrower in substantially the form of Exhibit A hereto with the blanks and payment amounts appropriately completed in conformity herewith (each, a "Tranche B Note").
(b) The Tranche B Note issued to each Tranche B Lender shall (i) be executed by Borrower, (ii) be payable to such Tranche B Lender or registered assigns and be dated the Closing Date, (iii) be in a stated principal amount equal to the principal amount funded by such Tranche B Lender, (iv) mature on the Maturity Date, (v) bear interest as provided in Section 2.3.2, (vi) be subject to mandatory repayment as provided in Section 2.5 and (vii) be entitled to the benefits of this Agreement and the other Operative Documents.
(c) Each Tranche B Lender will note on its internal records the amount of the Tranche B Loan made by it and each payment in respect thereof and will prior to any transfer of any of its Tranche B Note endorse on the reverse side thereof the outstanding principal amount of the Tranche B Loan evidenced thereby. Failure to make any such notation shall not affect Borrower's obligations in respect of such Tranche B Loan.
Tranche B Notes. The Tranche B Loans of each Tranche B Bank shall be evidenced by a promissory note of the Borrower (the "Tranche B Notes"), substantially in the form of EXHIBIT A-2 hereto, in the Tranche B Amount of each such Tranche B Bank. The Tranche B Banks shall enter in their respective records the amount of each Advance, the rate of interest borne by each Advance and the payments made on the Tranche B Loans, and such records shall be deemed conclusive evidence of the subject matter thereof, absent manifest error.
