Common use of Tranche B Term Notes Clause in Contracts

Tranche B Term Notes. (a) (i) The Parent Borrower agrees that, upon the request to the Administrative Agent by any Tranche B Dollar Term Loan Lender made on or prior to the Closing Date or in connection with any assignment pursuant to subsection 11.6(b), in order to evidence such Lender’s Tranche B Dollar Term Loan, the Parent Borrower will execute and deliver to such Lender a promissory note substantially in the form of Exhibit A-3 (each, as amended, supplemented, replaced or otherwise modified from time to time, a “Tranche B Dollar Term Note”), with appropriate insertions therein as to payee, date and principal amount, payable to the order of such Tranche B Dollar Term Loan Lender and in a principal amount equal to the unpaid principal amount of the Tranche B Dollar Term Loans made (or acquired by assignment pursuant to subsection 11.6(b)) by such Tranche B Dollar Term Loan Lender to the Parent Borrower. Each Tranche B Dollar Term Note shall (x) be dated the Closing Date, (y) be payable as provided in subsection 2.6(b)(i) and (z) provide for the payment of interest in accordance with subsection 4.1.

Appears in 2 contracts

Samples: Credit Agreement (VWR International, Inc.), Credit Agreement (VWR International, Inc.)

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Tranche B Term Notes. (a) (i) The Parent Borrower agrees that, upon the request to the Administrative Agent by any Tranche B Dollar Term Loan Lender made on or prior to the Closing First Amendment Effective Date or in connection with any assignment pursuant to subsection 11.6(b), in order to evidence such Lender’s Tranche B Dollar Term Loan, the Parent Borrower will execute and deliver to such Lender a promissory note substantially in the form of Exhibit A-3 A-2 (each, as amended, supplemented, replaced or otherwise modified from time to time, a “Tranche B Dollar Term Note”), with appropriate insertions therein as to payee, date and principal amount, payable to the order of such Tranche B Dollar Term Loan Lender and in a principal amount equal to the lesser of (i) the amount set forth on Schedule I to such Lender’s Lender Addendum as its Tranche B Term Loan Commitment/Conversion and (ii) the unpaid principal amount of the Tranche B Dollar Term Loans made (or acquired by assignment pursuant to subsection 11.6(b)) by such Tranche B Dollar Term Loan Lender to the Parent Borrower. Each Tranche B Dollar Term Note shall (x) be dated the Closing First Amendment Effective Date, (y) be payable as provided in subsection 2.6(b)(i2.6(b) and (z) provide for the payment of interest in accordance with subsection 4.1.

Appears in 1 contract

Samples: The Credit Agreement (Sirva Inc)

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Tranche B Term Notes. (a) (i) The Parent Borrower agrees that, upon the request to the Administrative Agent by any Tranche B Dollar Term Loan Lender made on or prior to the Closing Effective Date or in connection with any assignment pursuant to subsection 11.6(b)of its Loan, in order to evidence such Term Loan Lender’s 's Tranche B Dollar Term Loan, Loan the Parent Borrower will execute and deliver to such Term Loan Lender a promissory note substantially in the form of Exhibit A-3 (each, as amended, supplemented, replaced or otherwise modified from time to time, a "Tranche B Dollar Term Note"), with appropriate insertions therein as to payee, date and principal amount, payable to the order of such Tranche B Dollar Term Loan Lender and in a principal amount equal to the lesser of (a) the amount set forth opposite such Term Loan Lender's name on Schedule I under the heading "Tranche B Term Loan Commitment" and (b) the unpaid principal amount of the Tranche B Dollar Term Loans Loan made (or acquired by assignment pursuant to subsection 11.6(b)) by such Tranche B Dollar Term Loan Lender to the Parent BorrowerLender. Each Tranche B Dollar Term Note shall (xi) be dated the Closing Effective Date, (yii) be payable as provided in subsection 2.6(b)(i2.8(b) and (ziii) provide for the payment of interest in accordance with subsection 4.1.

Appears in 1 contract

Samples: Credit Agreement (Relocation Management Systems Inc)

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