Common use of Repayment of Loan; Applicable Maturity Date Clause in Contracts

Repayment of Loan; Applicable Maturity Date. The Borrower shall repay to the Lenders holding Tranche A Loans on the Applicable Maturity Date for Tranche A Loans the aggregate Principal Amount of the Tranche A Loans on such date in full, together with all accrued and unpaid interest, fees, costs and other Obligations and amounts owed to any Agent or any Lender, in each case, on the Tranche A Loans. The Borrower shall repay to the Lenders holding Tranche B Loans on the Applicable Maturity Date for Tranche B Loans the aggregate Principal Amount of the Tranche B Loans on such date in full, together with all accrued and unpaid interest, fees, costs and other Obligations and amounts owed to any Agent or any Lender, in each case, on the Tranche B Loans. Prior thereto repayments of the Loan shall be made as set forth below in Section 3.3. Notwithstanding the provisions of this Section 3.2 to the contrary, the Borrower may not repay any Tranche B Loans at any time before the repayment in full of all Tranche A Loans (except as permitted by Section 3.3).

Appears in 3 contracts

Samples: Senior Secured Term Loan Agreement (Cresco Labs Inc.), Senior Secured Term Loan Agreement (Cresco Labs Inc.), Senior Secured Term Loan Agreement

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Repayment of Loan; Applicable Maturity Date. The Borrower shall repay to the Lenders holding Tranche A Loans on the Applicable Maturity Date for Tranche A Loans the aggregate Principal Amount of the Tranche A Loans on such date in full, together with all accrued and unpaid interest, fees, costs and other Obligations and amounts owed to any Agent or any Lender, in each case, on the Tranche A Loans. The Borrower shall repay to the Lenders holding Tranche B Loans on the Applicable Maturity Date for Tranche B Loans the aggregate Principal Amount of the Tranche B Loans on such date in full, together with all accrued and unpaid interest, fees, costs and other Obligations and amounts owed to any Agent or any Lender, in each case, on the Tranche B Loans. Prior thereto repayments of the Loan shall be made as set forth below in Section 3.3. Notwithstanding the provisions of this Section 3.2 to the contrary, the Borrower may not repay any Tranche B Loans at any time before the repayment in full of all Tranche A Loans (except as permitted by Section 3.3).3.3).β€Œ

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement

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