Tranche B2 Loans Sample Clauses
The 'Tranche B2 Loans' clause defines a specific subset of loans provided under a broader credit agreement, typically distinguished by unique terms such as interest rates, maturity dates, or repayment schedules. In practice, this clause outlines the conditions under which Tranche B2 loans are issued, including eligibility criteria, borrowing limits, and any special covenants or requirements that apply only to this tranche. Its core function is to clearly separate and govern the rights and obligations associated with Tranche B2 loans, ensuring that both lenders and borrowers understand the distinct terms and risk profiles of these particular loans within the overall financing structure.
Tranche B2 Loans. The proceeds of the Tranche B2 Loans made on the Second Amendment Effective Date shall be available (and the Borrower agrees that it shall use such proceeds) solely to finance the Olympus Acquisition, including the payment of fees and expenses in connection therewith.
Tranche B2 Loans. The Borrower shall repay (i) on the last day of each of January, April, July and October beginning with July 31, 2020, a principal amount of Tranche B2 Loans equal to Original Tranche B2 Loan Amount multiplied by 0.25% to the Agent, for the ratable benefit of the Tranche B2 Lenders and (y) on the Tranche B2 Maturity Date, to the Agent, for the ratable benefit of the Tranche B2 Lenders, all Tranche B2 Loans outstanding on the Tranche B2 Maturity Date.
Tranche B2 Loans. Subject to the terms and conditions set forth herein, each Tranche B2 Lender agrees to make one or more term loans to the Borrower during the Availability Period in an aggregate principal amount that will not result in (i) such Lender's Tranche B2 Exposure exceeding such Lender's Tranche B2 Commitment or (ii) the total Tranche B2 Exposures exceeding the total Tranche B2 Commitments. Amounts repaid in respect of Tranche B2 Loans may not be reborrowed.