Common use of Tranche B Term Loans Clause in Contracts

Tranche B Term Loans. Each Tranche B Term Lender severally agrees to make a term loan to the Borrower on the Closing Date in an aggregate principal amount which does not exceed the amount of such Lender's Tranche B Term Loan Commitment. Amounts borrowed under this subsection 2.1(a)(ii) and subsequently repaid may not be reborrowed.

Appears in 4 contracts

Sources: Credit Agreement (L 3 Communications Corp), Credit Agreement (L 3 Communications Holdings Inc), Credit Agreement (Southern California Microwave Inc)

Tranche B Term Loans. Each Tranche B Term Lender severally agrees shall be -------------------- deemed to make have made a term loan to the Borrower on the Closing Effective Date in an aggregate principal amount which does not exceed the amount of equal to such Lender's Tranche B Term Loan Commitment. Amounts borrowed under this subsection 2.1(a)(ii) and subsequently repaid may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (P&l Coal Holdings Corp)