Common use of Consolidation of Tranches Clause in Contracts

Consolidation of Tranches. On the Drawdown Date of the last Advance under Tranche C, all the Tranches shall be consolidated to form a single tranche constituting the Revolving Facility.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

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Consolidation of Tranches. On the Drawdown Date of the last Advance under Tranche CC which will result in Tranche C being fully drawn, all the Tranches shall be consolidated to form a single tranche constituting the Revolving Facility.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

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