Examples of Original Tranche B Term Loans in a sentence
To the extent the proceeds of the Original Tranche B Term Loans are not utilized on the Closing Date, the excess proceeds shall be deposited by Company into the Investment Accounts for the benefit of the Lenders and invested in Cash Equivalents specified in the Investment Account Agreement, as directed by Company, until the Merger Date.
Each Tranche B Term Loan Lender's Original Tranche B Term Loan Commitment shall expire immediately and without further action on the earlier of (i) October 31, 1998, if the Original Tranche B Term Loans are not made on or before that date and (ii) at the close of business on the Closing Date.
The proceeds of the Original Tranche A Term Loans and the Original Tranche B Term Loans, together with other funds available to Company, shall be applied by Company to pay the Acquisition Financing Requirements.
Each Lender that has made an Original Tranche B Term Loan, as set forth on Schedule 1 and any other Person who becomes an assignee of any rights and obligations of an Original Tranche B Lender pursuant to §17 or who agrees to advance additional Original Tranche B Term Loans pursuant to §15.
Each party hereto acknowledges and agrees that notwithstanding any such Conversion, each such Continuing Tranche B-1 Term Lender shall be entitled to receive payment on the First Amendment Effective Date of the unpaid fees and interest accrued to such date with respect to all of its Original Tranche B Term Loans.