Tranche B Loan Amount definition

Tranche B Loan Amount has the meaning set forth in Section 2.1.

Tranche B Loan Amount means an original principal amount of Twenty-Five Million Dollars ($25,000,000.00); provided, that if either of the events described clauses (x) or (y) in the proviso to the definition of Tranche B Commitment occurs, the Tranche B Loan Amount, for purposes of this Agreement, equals zero.

Tranche B Loan Amount means an original principal amount equal to Twenty Million Dollars ($20,000,000.00).

Examples of Tranche B Loan Amount in a sentence

• The Borrower shall repay (i) on the last day of each of January, April, July and October beginning with January 31, 2019, a principal amount of Tranche B Loans equal to Original Tranche B Loan Amount multiplied by 0.25% to the Agent, for the ratable benefit of the Tranche B Lenders and (y) on the Tranche B Maturity Date, to the Agent, for the ratable benefit of the Tranche B Lenders, all Tranche B Loans outstanding on the Tranche B Maturity Date.

• The aggregate amount of Tranche B Loans to be made hereunder, together with the Letter of Credit Usage with respect to Xxxx XX, shall not exceed Seventy-Four Million Dollars ($74,000,000) (the "Tranche B Loan Amount").

• The aggregate amount of Tranche B Loans to be made hereunder together with the Letter of Credit Usage with respect to Borrower shall not exceed at any one time Two Hundred Fifty Million Dollars ($250,000,000) (the "Tranche B Loan Amount").

• Lender agrees to make a term loan to Borrower on the Tranche B Closing Date in a principal amount equal to the Tranche B Loan Amount (the “Tranche B Loan”).

• The aggregate amount of Tranche B Loans to be made hereunder, together with the Letter of Credit Usage with respect to Xxxx XX, shall not exceed One Hundred Million Dollars ($100,000,000) (the "Tranche B Loan Amount").

More Definitions of Tranche B Loan Amount

Tranche B Loan Amount means (a) if Net Sales for the two fiscal quarters preceding the Tranche B Closing Date taken together are greater than or equal to $20,000,000 but less than $25,000,000, not less than $5,000,000 and not greater than $15,000,000; and (b) if Net Sales for the two fiscal quarters preceding the Tranche B Closing Date taken together are greater than or equal to $25,000,000, not less than $5,000,000 and not greater than $25,000,000. For the avoidance of doubt if Net Sales for the two fiscal quarters preceding the Tranche B Closing Date taken together are less than $20,000,000, the Tranche B Loan Amount equals zero.

Tranche B Loan Amount has the meaning set forth in Section 2.1(b) of this Credit Agreement.

Tranche B Loan Amount means an original principal amount equal to Three Hundred Million Dollars ($300,000,000.00); provided, that if either of the events described in clauses (x) or (y) in the proviso to the definition of “Tranche B Commitment” occurs, the Tranche B Loan Amount, for purposes of this Agreement, equals zero.”

Tranche B Loan Amount means an original principal amount equal to One Hundred Million Dollars ($100,000,000.00). “Tranche B Makewhole Amount” means, as of any date of prepayment of the Tranche B Loan occurring prior to the 3rd-year anniversary of the Tranche B Closing Date or, if the Tranche B Closing Date does not occur, as of the earliest to occur of the date of determination of the Tranche A Makewhole Amount, the Tranche C Makewhole Amount or the Tranche D Makewhole Amount, an amount equal to the sum of all interest that would have accrued and been payable from such date through the 3rd-year anniversary of the Tranche B Closing Date or, if the Tranche B Closing Date does not occur, June 30, 2028. For purposes of calculating the Tranche B Makewhole Amount, the date of determination shall be such date of prepayment or, if the Tranche B Closing Date does not occur, June 30, 2028, using the interest rate as in effect for the Interest Period in which the date of prepayment occurs, provided, that, for purposes of any such prepayment pursuant to Section 2.2(c)(ii), the date of determination shall be the date on which the Change of Control is consummated, using the interest rate as in effect for the Interest Period in which the Change of Control is consummated. “Tranche B Note” means a promissory note in substantially the form attached hereto as Exhibit B-2, as it may be amended, restated, supplemented or otherwise modified from time to time. “Tranche B Prepayment Premium” means, with respect to any prepayment of the Tranche B Loan or, in the event the Tranche B Closing Date does not occur, the earliest to occur of any prepayment of the Tranche A Loan, the Tranche C Loan or the Tranche D Loan, by Borrower pursuant to Section 2.2(c) or as a result of the acceleration

Tranche B Loan Amount means an original principal amount equal to up to Fifty Million Dollars ($50,000,000.00); provided, that if the events described in the proviso to the definition of “Tranche B Commitment” occurs, the Tranche B Loan Amount, for purposes of this Agreement, equals zero.

Tranche B Loan Amount means an original principal amount equal to Fifty Million Dollars ($50,000,000.00); provided, however, that if the Tranche B Trigger Date does not occur on or before March 31, 2024 or the Tranche B Closing Date does not occur on or before May 15, 2024, then in either such case the Tranche B Loan Amount, from and after such time for purposes of this Agreement, equals zero.

Tranche B Loan Amount in Section 13.1 of the Loan Agreement and replacing it as follows: