Series B Loans definition
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.
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 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.
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.
Subject to the terms and conditions of this Agreement, the Company may borrow the amount of the Series B Commitments by means of Credit Agreement 26 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).
Following receipt of the Series B Loan Request providing for the making of Series B Loans and such other documentation as may be required pursuant to Section 6 hereof, in form and substance satisfactory to each Series B Lender, such Series B Lender shall make a Series B Loan in the principal amount specified opposite its name on the Purchaser Schedule by wire transfer for credit to the account or accounts as shall be specified in the applicable Series B Loan Request.
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 Administrative Agent shall have received a duly executed and completed Amortization Supplement in respect of the applicable Series A Loans and Series B Loans.
Each Series B Note shall be in the principal face amount set forth in the Purchaser Schedule and shall evidence Series B Loans (as hereinafter defined) made as contemplated by the First Amendment.