Tranche C Loans Sample Clauses
Tranche C Loans. (i) Accrued interest on each Tranche C Loan shall be payable in arrears on each Interest Payment Date, upon a prepayment of such Loan, and on the date on which all or any portion of the Obligations are accelerated, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Tranche C Loans shall be payable on demand.
(ii) So long as no Default or Event of Default shall have occurred and be continuing and unless otherwise consented by the Tranche C Lenders, on each Interest Payment Date (other than the Maturity Date), interest on the Tranche C Loans shall be paid by capitalizing such interest and adding such capitalized interest to the then outstanding principal amount of the Tranche C Loans, and such interest amount (together with any principal of the Tranche C Loans prior to giving effect to the provisions of this Section 4.2(e)(ii)) thereafter shall form part of the Tranche C Loans and shall itself bear interest as provided in Section 4.1; provided, that so long as the Total Leverage Ratio of the Consolidated Group for the Computation Period most recently ended prior to such Interest Payment Date is not greater than 2.00:1.00, each Tranche C Lender shall have the right (but shall not be obligated) to elect, by written notice to the Administrative Agent and the Borrower Representative delivered not earlier than three Business Days prior to such Interest Payment Date, to require that all or any portion of the interest on the Tranche C Loan maintained by such Tranche C Lender remain due and payable in cash (in which case such interest (or portion thereof, as applicable) shall not be so capitalized or added to the principal but shall instead remain payable in cash); provided, further that if a Default shall have occurred and be continuing on any date on which such interest is due, the Tranche C Lenders shall be entitled to elect, by notice to the Borrower Representative, either to have such interest be capitalized and added to principal as set forth herein (in which case such payment shall be so capitalized and added to principal) or to require that it remain due and payable in cash (in which case such payment shall not be so capitalized or added to principal but shall instead remain payable in cash) and, in either case, such payment shall bear interest until paid in full as provided in Section 4.1. Each such determination by the Tranche C Lenders shall be conclusive and binding on all parties hereto. If requested by ...
Tranche C Loans. On the terms and subject to the conditions contained in this Agreement and in reliance upon the representations and warranties of the Obligors set forth herein, each Lender further agrees to make one or more Loans to the Borrowers (each, a "Tranche C Loan") on the Closing Date and each other Funding Date requested by a Borrower in a Notice of Borrowing given in accordance with Section 2.2 in an amount not to exceed, in the aggregate for all Tranche C Loans made by such Lender on all Funding Dates, the Tranche C Commitment of such Lender. No Tranche C Loan shall be made prior to the due date for the payment of the Permitted Invoices with respect to which such Tranche C Loan is being made. Each Tranche C Loan shall be in an amount not to exceed the aggregate amount of all Permitted Invoices not used to support prior Borrowings of Tranche C Loans. No Tranche C Loan shall be made until at least thirty (30) days after all issued and outstanding Permitted Invoices relating to such Tranche C Loan have been paid in full. Copies of the Permitted Invoices supporting each Tranche C Loan shall be attached to the applicable Notice of Borrowing. There may be multiple Borrowings of Tranche C Loans. Tranche C Loans repaid or prepaid may not be reborrowed hereunder.
Tranche C Loans. Subject to the terms and conditions set forth in this Agreement (including Section 4.03) and in reliance upon the representations and warranties of the Loan Parties set forth herein, each Tranche C Lender severally, but not jointly, agrees to advance to Borrower from time to time during the Availability Period such loans as Borrower may request pursuant to this Section 2.01 (exclusive of the Tranche A Loan and Tranche B Loans, individually, a “Tranche C Loan” and, collectively, the “Tranche C Loans”) in an aggregate principal amount which, when added to the aggregate principal amount of all prior Tranche C Loans made by such Lender under this Agreement, does not exceed such Tranche C Lender’s Tranche C Commitment. US-DOCS\150507763.9 Bakersfield Refinery – Senior Credit Agreement |US-DOCS\150507763.15|| As of the Thirteenth Amendment Effective Date, all Tranche A Loans, Tranche B Loans and Tranche C Loans under this Agreement have been funded.
Tranche C Loans. Subject to the terms and conditions set forth in this Agreement (including Section 4.03) and in reliance upon the representations and warranties of the Loan Parties set forth herein, each Tranche C+ Lender severally, but not jointly, agrees to advance to Borrower from time to time during the Availability Period such loans as Borrower may request pursuant to this Section 2.01 (exclusive of the Tranche A Loan, Tranche B Loans, Tranche C Loans and Tranche D Loans, individually, a “Tranche C+ Loan” and, collectively, the “Tranche C+ Loans” and, together with the Tranche A Loans, the Tranche B Loans, the Tranche C Loans, and the Tranche D Loans, the “Loans” or, collectively, the “Loan”) in an aggregate principal amount which, when added to the aggregate principal amount of all prior Tranche C+ Loans made by such Lender under this Agreement, does not exceed such Tranche C+ ▇▇▇▇▇▇’s Tranche C+ Commitment.
Tranche C Loans. The Borrower agrees that all proceeds of the Tranche C Loans shall be, (i) promptly upon the Borrower's receipt thereof or effective receipt thereof, used by the Borrower to pay amounts payable under the Administrative Agent's Letter, (ii) promptly upon the Borrower's receipt thereof or effective receipt thereof, used by the Borrower to pay interest accrued on the Loans on or before February 8, 2002, and/or (iii) (A) promptly upon the Borrower's receipt thereof, loaned to Alamosa Finance and, promptly upon Alamosa Finance's receipt thereof, loaned to the Operating Subsidiary that is to pay (or that is to be reimbursed for the prior payment of) Permitted Third-Party Expenses with such proceeds or (B) promptly upon the Borrower's receipt thereof, contributed as equity to the capital of, or loaned to, Alamosa Texas LP or Alamosa Wisconsin and, if and to the extent contributed as equity to the capital of, or loaned to, Alamosa Texas LP, promptly upon Alamosa Texas LP's receipt thereof, contributed as equity to the capital of, or loaned to, Alamosa Texas, and in each case (i.e., as to each of clauses (A) and (B) preceding) thereupon promptly used by such Operating Subsidiary to pay (or to reimburse such Operating Subsidiary for its prior payment of) Permitted Third-Party Expenses up to an amount equal to the Permitted Third-Party Expenses Borrowing Base then in effect, provided, however, that (1) as of any date of determination, the aggregate principal amount of the Tranche B Loans and the Tranche C Loans at any and all times used to pay Permitted Third-Party Expenses shall not exceed the Permitted Third-Party Expenses Borrowing Base then in effect and (2) proceeds of Tranche C Loans may not be used to pay (or to reimburse the prior payment of) (x) any Permitted Third-Party Expenses previously financed under this Agreement, the Original Credit Agreement or the First Restated Credit Agreement or (y) any amounts referred to in clauses (i), (ii) and (iii) preceding initially invoiced more than 12 months prior to the date of the making of such Loans, except that proceeds of Tranche C Loans may be used to reimburse any payment of amounts referred to in clauses (i), (ii) and (iii) preceding made by the Original Borrower prior to February 8, 2000 if and to the extent (but only if and to the extent) that the payment thereof was not previously financed under the Original Credit Agreement or the First Restated Credit Agreement.
Tranche C Loans. As of the Closing Date, the outstanding principal balance of the Existing Tranche C-1 Loan is as set forth on the Closing Statement and the accrued and unpaid interest thereon is as set forth on the Closing Statement, the outstanding principal balance of the Existing Tranche C-2 Loan is as set forth on the Closing Statement, the outstanding principal balance of the Existing Tranche C-3 Loan is as set forth on the Closing Statement, and the Existing Tranche C-3 Accrued Interest is as set forth on the Closing Statement. The Existing Tranche C Loans shall be continued as a Tranche C Loan hereunder. On the terms and subject to the conditions contained in this Agreement, the Lender agrees to make additional Tranche C Loans to the Borrower under as set forth in clause (a)(i) of the Acquisition Guidelines and in its sole and absolute discretion may make additional loans to the Borrower pursuant to clause (a)(ii) and clause (b)(ii) of the Acquisition Guidelines. Each Tranche C Loan (i) may be made from time to time on any Business Day up to thirty (30) days prior to the Maturity Date, (ii) shall be repaid pursuant to the terms hereof and (iii) once repaid may be reborrowed. The aggregate outstanding principal amount of all Tranche C Loans may not exceed at any time the amount of the Tranche C Loan Commitment. The Tranche C Loans shall be evidenced by the Tranche C Note.
Tranche C Loans. Prior to the Third Restatement Date, each Tranche C Lender made a loan to the Borrower (each, a "Tranche C Loan" and together with the Tranche C Loan of each other Tranche C Lender, the "Tranche C Loans"). As of the Third Restatement Date, (i) the outstanding principal amount of each Tranche C Lender's Tranche C Loan is as set forth on Schedule 2.1 and (ii) the aggregate outstanding principal balance of the Tranche C Loans equals $302,940,000. No additional Tranche C Loans will be made and no amounts paid or prepaid with respect to Tranche C Loans may be reborrowed.
Tranche C Loans. Subject to the terms and conditions of this Agreement, during the Commitment Period, the Banks shall make a Tranche C Loan or Tranche C Loans to Borrower in such amount or amounts as Borrower may from time to time request, but not exceeding in aggregate principal amount at any time outstanding hereunder the aggregate amount of the Tranche C Commitments; provided, however, that Borrower shall not request any Tranche C Loan hereunder
Tranche C Loans. Each Tranche C Loan may only be used to finance the Group’s working capital for the purposes of its normal trading
Tranche C Loans. Subject to the terms and conditions contained in this Agreement, each Lender agrees to make loans ("Tranche C Loans") to Borrower to finance the draws advanced from time to time by Borrower pursuant to Eligible Tranche C Mortgage Loans. Tranche C Loans shall be made on a revolving credit basis from time to time on any Business Day from the date of this Agreement through the Drawdown Termination Date. Each request for Tranche C Loans pursuant to a Borrowing Request shall be in an aggregate amount of not less than $10,000. The aggregate principal amount of any Lender's Tranche C Loans at any time outstanding (after giving effect to the other transactions contemplated by the Borrowing Request pursuant to which a Tranche C Loan is requested) shall not exceed the lesser of: (1) such Lender's Percentage Share of the Collateral Value of the Tranche C Borrowing Base or (2) such Lender's Percentage Share of the Tranche C Sublimit. At no time shall the aggregate amount of all Tranche C Loans outstanding at any time exceed the lesser of (1) the Collateral Value of the Tranche C Borrowing Base and (2) the Tranche C Sublimit. At no time shall the aggregate amount of all Loans outstanding at any time exceed the lesser of (1) the Aggregate Collateral Value of the Borrowing Base, and (2) the Commitment at such time.