Examples of Tranche B Effective Date in a sentence
Subject to the terms and conditions hereof, each Tranche B Term Loan Lender severally agrees to make, in a single draw on the Tranche B Effective Date, a term loan (a "Tranche B Term Loan") to the Borrower in an aggregate principal amount not to exceed the amount set forth opposite such Lender's name in Schedule A-1 under the heading "Tranche B Term Loan Commitment".
Subsection 8.14(a) of the Credit Agreement is hereby amended by deleting the proviso in its entirety therefrom and substituting in place thereof the following: provided, that the 1996 Senior Notes may, and the Borrower hereby agrees that the 1996 Senior Notes shall, be optionally redeemed in accordance with the 1996 Senior Note Indenture within seventy-five days of the date that is two Business Days after the Tranche B Effective Date.
The Tranche B Term Loans may from time to time be (i) Eurodollar Loans in Dollars, (ii) ABR Loans or (iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with subsections 2.7A and 4.2. The portion of each Tranche B Term Loan Lender's Tranche B Term Loan Commitment which is not utilized on the Tranche B Effective Date shall be automatically and permanently cancelled.
Each Lender having a Tranche B Commitment severally agrees, on the terms and conditions hereinafter set forth, to make Advances (each, a "Tranche B Advance") to the Borrower from time to time on any Business Day during the period from the Tranche B Effective Date until the Tranche B Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Tranche B Commitment.
The Administrative Agent shall have received a certificate from each Loan Party, dated the Tranche B Effective Date, substantially in the form of Exhibit J to the Credit Agreement, with appropriate insertions and attachments and modifications to reflect this Amendment.