Tranche B Term Loan Commitment. The Tranche B Term Loan Commitment of each Lender, if any, automatically shall terminate at such time as such Lender shall have made available to the Borrower its share of the Tranche B Term Loan.
Tranche B Term Loan Commitment. (i) Each Tranche B Lender, severally and not jointly with the other Tranche B Lenders agrees, upon the terms and subject to the conditions herein set forth, to make available to the Borrower on the Effective Date term loans in an aggregate principal amount equal to such Tranche B Lender’s Tranche B Commitment (all such loans, collectively, the “Tranche B Loan”), in each case as provided in Section 4.01; provided that at such time, after giving effect to such Borrowing, the sum of the then outstanding aggregate principal amount of the Tranche A Loans plus the then LC Exposure plus the then outstanding aggregate principal amount of the Tranche B Loan shall not exceed the amount equal to (i) the lesser of (x) the Total First-Priority Commitment at such time and (y) the Borrowing Base, minus (ii) if Available Liquidity at such time is, giving effect to such Borrowing, less than $500,000,000, $200,000,000. Once repaid, the Tranche B Loan may not be reborrowed. The Tranche B Commitment of each Tranche B Lender shall be reduced to zero upon the funding of the Tranche B Loan on the Effective Date.
(ii) The Tranche B Loan shall be made by the Tranche B Lenders pro rata in accordance with their respective Tranche B Commitment; provided, however, that the failure of any Tranche B Lender to make its Tranche B Loan shall not in itself relieve the other Tranche B Lenders of their obligations to lend.
Tranche B Term Loan Commitment. Each Tranche B Lender, severally and not jointly with the other Tranche B Lenders agrees, upon the terms and subject to the conditions herein set forth, to make available to the Borrower a term loan in an aggregate principal amount equal to such Tranche B Lender's Tranche B Commitment (collectively, the "Tranche B Loan"). Upon the satisfaction (or waiver) of the conditions set forth in Section 4.01, each Tranche B Lender shall make a Tranche B Loan to the Borrower in an amount equal to such Tranche B Lender's Tranche B Commitment Percentage of $400,000,000. Once repaid, the Tranche B Loan may not be reborrowed and the Total Tranche B Commitment shall be automatically and permanently reduced by an amount equal to the amount so repaid.
(1) The Tranche B Loan shall be made by the Tranche B Lenders pro rata in accordance with their respective Tranche B Commitments; provided, however, that the failure of any Tranche B Lender to make its Tranche B Loan shall not in itself relieve the other Tranche B Lenders of their obligations to lend.
Tranche B Term Loan Commitment. The Tranche B Total Term Loan Commitment shall terminate upon the funding in full of the Tranche B Term Loans on the Effective Date.
Tranche B Term Loan Commitment. On the Closing Date, subject to the ------------------------------ terms and conditions hereof, each Tranche B Term Lender severally agrees to make its Tranche B Term Loan Commitment Percentage of a term loan (the "Tranche B --------- Term Loan") in the aggregate principal amount of TWO HUNDRED MILLION DOLLARS --------- ($200,000,000) to the Borrower for the purposes hereinafter set forth. The Tranche B Term Loan may be comprised of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request. Amounts repaid on the Tranche B Term Loan may not be reborrowed.
Tranche B Term Loan Commitment. Subject to and upon the terms and conditions and relying upon the representations and warranties herein set forth, each Lender agrees, severally and not jointly, to make available to the Borrower on the Closing Date such Lender's Tranche B Term Loan Commitment Percentage of a term loan in Dollars (the "Tranche B Term Loan") in the aggregate principal amount of FORTY MILLION DOLLARS ($40,000,000.00) for the purposes hereinafter set forth. The Tranche B Term Loan may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request; provided, however, that (x) during the Initial Interest Rate Period, all Eurodollar Loans shall have an Interest Period of one (1) month and (y) no more than 10 Eurodollar Loans shall be outstanding hereunder at any time. For purposes hereof, Eurodollar Loans with different Interest Periods and/or in different currencies shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period and in the same currency. Each Lender will make its Tranche B Term Loan Commitment Percentage of the Tranche B Term Loan available to the Agent on the Closing Date.
Tranche B Term Loan Commitment. Subject to the terms and conditions set forth herein, each Lender whose Tranche B Term Loan Commitment Percentage is greater than zero severally agrees to make available to the Borrower on the Tranche B Term Loan Funding Dates such Lender's Tranche B Term Loan Commitment Percentage of the amount of the Tranche B Term Loan Committed Amount requested by the Borrower to be advanced on such date for the purposes hereinafter set forth. So long as no Default or Event of Default exists and is continuing, the initial Tranche B Term Loans
Tranche B Term Loan Commitment. In a single Borrowing (which shall be on a Business Day) occurring on the Effective Date, each Lender with a Tranche B Term Loan Percentage in excess of zero (referred to as a "Tranche B Term Loan Lender") will make loans (relative to such Lender, its "Tranche B Term Loans") to the applicable Borrower equal to such Lender's Tranche B Term Loan Percentage of the aggregate amount of the Borrowing of Tranche B Term Loans requested by such Borrower to be made on such day (with the commitment of each such Lender described in this clause herein referred to as its "Tranche B Term Loan Commitment"). No amounts paid or prepaid with respect to Tranche B Term Loans may be reborrowed.
Tranche B Term Loan Commitment. The Tranche B Total Term Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the Effective Date.
Tranche B Term Loan Commitment. The Tranche B Lenders agree, upon the terms and subject to the conditions herein set forth, to make available to the Borrower an aggregate principal amount of $800,000,000 in term loans (collectively, the "Tranche B Loan"). Each Tranche B Lender, severally and not jointly with the other Tranche B Lenders, agrees, upon the satisfaction (or waiver) of (i) the conditions set forth in Section 4.01, to make a Tranche B Loan to the Borrower in an amount equal to such Tranche B Lender's Tranche B Commitment Percentage of $400,000,000 and (ii) the conditions to effectiveness of the Eighth Amendment, to make an additional Tranche B Loan to the Borrower in an amount equal to such Tranche B Lender's Tranche B Commitment Percentage of the amount by which $800,000,000 exceeds the aggregate Tranche B Loans then outstanding. Once repaid, no Tranche B Loan may be reborrowed and the Total Tranche B Commitment shall be automatically and permanently reduced by an amount equal to the amount so repaid.".
