Example ContractsClausesAmount of Revolving B Advances
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Amount of Revolving B Advances. Subject to the terms and conditions set forth in this Agreement, each [[Organization C:Organization]] with a Revolving B Commitment, severally and not jointly, will make to [[Organization A:Organization]] # on the First Amendment Effective Date, a one-time Revolving B Advance in the aggregate amount of $18,000,000 equal to, with respect to each [[Organization C:Organization]], such [[Organization C:Organization]]'s Revolver B Commitment Percentage thereof, and # thereafter from time to time, in each case so long as the Revolving B Advance Conditions are satisfied, additional one-time Revolving B Advances equal to, with respect to each [[Organization C:Organization]], such [[Organization C:Organization]]'s Revolver B Commitment Percentage of the requested Revolving B Advance; provided, that the outstanding Revolving B Advances shall not exceed the sum of # the Maximum Revolving B Advance Amount plus # any Revolving B PIK Interest accrued or paid-in-kind in accordance with this Agreement.

"Revolving Interest Rate" shall mean # with respect to any Advances (other than Revolving B Advances), the Revolving A Interest Rate and # with respect to Revolving B Advances, the Revolving B Interest Rate.

The Revolving A Facility Usage shall not exceed at any time the lesser of # the Maximum Revolving A Advance Amount, and # the Formula Amount. The amount of outstanding Revolving B Advances shall not exceed at any time the sum of # the Maximum Revolving B Advance Amount plus # any Revolving B PIK Interest accrued or paid-in-kind in accordance with this Agreement.

Interest on Advances shall be payable in arrears # with respect to Revolving B Advances, on the first (1st) day of each fiscal quarter, # with respect to Domestic Rate Loans, on the first (1st) day of each month, and # with respect to Eurodollar Rate Loans, at the end of each Interest Period, provided that all accrued and unpaid interest shall be due and payable at the end of the Term. Interest charges shall be computed on the actual principal amount of Advances outstanding during the month, Interest Period or fiscal quarter, as applicable, at a rate per annum equal to the applicable Revolving Interest Rate. Interest on Revolving A Advances and Swing Loans shall be paid in cash. Interest on Revolving B Advances shall be paid-in-kind by capitalizing such amount and adding the portion of interest that has accrued in respect of the Revolving B Advances to the outstanding principal balance of the Revolving B Advances (and, thereafter, shall bear interest as principal pursuant to this Agreement) (any such capitalized interest paid-in-kind, the "Revolving B PIK Interest"); provided, that, interest on Revolving B Advances may be paid in cash at the election of [[Organization A:Organization]] so long as, with respect to any such payment, the Revolving B Payment Conditions are satisfied both immediately before and immediately after giving effect to any such payment.

"Revolving B Advances" shall mean advances made under [Section 2.1(b)] hereof.

SEVENTH, to the payment of the outstanding principal amount of the Obligations arising from, related to or connected with the Revolving B Advances;

Borrowing [[Organization B:Organization]] on behalf of any Borrower may notify [[Organization B:Organization]] prior to 12:00 p.m. on a Business Day of a Borrower's request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder (other than Revolving B PIK Interest),

FIFTH, to the payment of the outstanding principal amount of the Obligations (including Hedge Liabilities and Cash Management Liabilities) arising from, related to or connected with the Advances (other than Revolving B Advances) (including the payment or cash collateralization of any outstanding Letters of Credit);

Advances. Borrower shall pay interest on the unpaid principal amount of the Advances during the period from the date of each Advance until the date due at a fluctuating rate per annum equal to the LIBOR Rate applicable thereto, plus the LIBOR Margin; provided, however, that in no event shall the applicable rate exceed the maximum nonusurious interest rate, if any, that at any time, or from time to time, may be contracted for, taken, reserved, charged, or received under applicable state or federal laws (the "Maximum Rate"). In the event that Bank shall at any time determine that the accrual of interest on the basis of the LIBOR Rate is or has become unlawful or infeasible by reason of the Bank's compliance with any new law, rule, regulation, guideline or order, or any new interpretation of any present law, rule, regulation, guideline or order, or # there ceases to be any published LIBOR Rate, then Bank shall give telephonic notice thereof (confirmed in writing) to Borrower, in which event any Advance bearing interest at the LIBOR Rate shall thereupon immediately accrue interest at the SOFR.

Advances. Following receipt of a Loan Notice for a Facility, the Administrative Agent shall promptly notify each Appropriate Lender of the amount (and currency) of its Applicable Percentage under such Facility of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Appropriate Lender of the details of any automatic conversion to Base Rate Loans or continuation of Loans denominated in a currency other than Dollars, in each case as described in Section 2.02(a). In the case of a Borrowing, each Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in Same Day Funds at the Administrative Agent’s Office for the applicable currency not later than 1:00 p.m., in the case of any Loan denominated in Dollars, and not later than the Applicable Time specified by the Administrative Agent in the case of any Loan in an Alternative Currency, in each case on the Business Day specified in the applicable Loan Notice or, as to Loans to be made on the Closing Date as to which Advance Funding Arrangements are in effect, in accordance with the terms thereof. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by # crediting the account of the Borrower on the books of [[Administrative Agent:Organization]] with the amount of such funds or # wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower; provided, however, that if, on the date a Loan Notice with respect to a Revolving Borrowing denominated in Dollars is given by the Borrower, there are L/C Borrowings outstanding, then the proceeds of such Revolving Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to the Borrower as provided above.

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