Examples of B Loan Notes in a sentence
One each of the Tranche A Loan Notes and Tranche B Loan Notes shall be payable to the order of each Lender in accordance with the respective Term Commitment Ratio of such Lender.
This Note is one of the Term B Loan Notes referred to in, and is entitled to the benefits of, the Credit Agreement, dated as of October [__], 2010 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the Lenders and Issuers party thereto, the other parties party thereto, and the Agent.
Espotting shall use reasonable best efforts to cause the holders of the Loan Notes to convert the Loan Notes into shares of Espotting Common Stock in accordance with that certain (i) Option Agreement, dated December 6, 2002, as amended by a Deed of Variation, dated August 19, 2002, in each case by and among Espotting, Espotting UK and such holders, and (ii) the B Loan Notes Option Agreement, dated August 19, 2002, by and among the parties thereto.
The aggregate unpaid amount set forth on each Tranche B Lender’s records shall be prima facie evidence of the principal amount thereof owed and unpaid on such Tranche B Lender’s Tranche B Loan, but the failure to record, or any error in so recording, any such amount on such Tranche B Lender’s records shall not affect the obligations of the Borrowers hereunder or under any Tranche B Loan Notes to make payments of principal of and interest on the Tranche B Loan Notes when due.
The Loan Agreement is comprised of two series of loan notes – A Loan Notes and B Loan Notes (together the “Loan Notes”).
In the event that the Company draws down the maximum amount under the B Loan Notes at the earliest expected opportunity under the Loan Agreement (assumed to be 13 September 2021) and conversion occurs on the Latest Conversion Date for the full principal amount and all accrued interest, the Concert Party would have a resultant holding of 107,728,578 Ordinary Shares, representing approximately35.18 per cent.
Borrower's obligation to pay the portion of the interest so added to the principal, and to pay interest thereon, shall be evidenced by the Term B Loan Notes without necessity for the issuance of any additional promissory note or any addendum or endorsement to the Term B Loan Note.
If, in the Loan Notes Trustee’s opinion, a conflict arises between the respective interests held under the Loan Notes and the Class D Loan Note, then the Loan Notes Trustee shall have regard to those interests (including upon the enforcement of any Loan Notes Security) in the following order: Class A Loan Notes, Class B Loan Notes, Class C Loan Notes and the Class D Loan Note.
They are convertible at any time, at the option of the holder(s) of a majority of the B Loan Notes then in issue, into new Shares at a price per Share of €0.05.
This Note is one of the "Tranche B Loan Notes" referred to in the Fourth Amended and Restated Credit Agreement of even date herewith among the Borrower, First Union National Bank, Wachovia Bank, N.A., and the other banks from time to time party thereto (as the same may be amended and modified from time to time, the "Credit Agreement") and reinstates that certain Tranche B Loan Note dated April 15, 1997 issued by the Borrower payable to the order of the Bank.