Examples of Series B Loans in a sentence
Each payment (including each prepayment) by the Borrower on account of principal of and interest on the Series A Loans or the Series B Loans, as the case may be, shall be made pro rata according to the respective outstanding principal amounts on the Loans of each such Category then held by each Lender.
Series B Loans may be prepaid, but they may not be reborrowed once prepaid.
The proceeds of the Series B Loans will be used to finance a portion of the 2017 Tender Offer, refinance existing Debt, pay dividends or make repurchases of Capital Securities permitted under paragraph 6E, or for general corporate purposes.
Each Series B Lender severally agrees, on the terms and conditions of this Agreement, to make loans to the Company in Dollars to but not including the Series B Commitment Termination Date in an aggregate principal amount up to but not exceeding the amount of the Series B Commitment of such Lender as in effect from time to time (such Loans being herein called "Series B Loans").
The Company shall cause Acurex to maintain, at all times, a minimum net worth of not less than two times the aggregate outstanding amount of the Series B Loans.
Series B Loans outstanding under the Existing Credit Agreement will continue as Series B Loans under this Agreement.
The Administrative Agent shall have received a duly executed and completed Amortization Supplement in respect of the applicable Series A Loans and Series B Loans.
Subject to the terms and conditions of this Agreement, the Company may borrow the amount of the Series B Commitments by means of Base Rate Loans and Eurodollar Loans and may Convert Series B Loans of one Type into Series B Loans of another Type (as provided in Section 2.09 hereof) or Continue Series B Loans of one Type as Series B Loans of the same Type (as provided in Section 2.09 hereof).
The principal amount of the Series B Loans made on the Series B Closing Date shall be in an aggregate amount equal to $12,500,000.
The representations and warranties contained in Section 4.1 of this letter agreement shall be true on and as of the date of the Series B Loan, both before and immediately after giving effect to the making of such Series B Loans; there shall exist on the date of such Series B Loan no Default or Event of Default, both before and immediately after giving effect to the making of such Series B Loan; and the Issuers shall have delivered an Officer’s Certificate to the Series B Purchasers to each such effect.