Common use of The Tranche C Borrowing Clause in Contracts

The Tranche C Borrowing. Subject to the terms and conditions set forth herein, each Tranche C Lender severally and not jointly agrees to make a single loan to the Borrower on the Effective Date in an amount not to exceed such Tranche C Lender’s Commitment Percentage of the Tranche C Facility. The Tranche C Borrowing shall consist of Tranche C Loans made simultaneously by the Tranche C Lenders in accordance with their respective Commitment Percentage of the Tranche C Facility. Amounts borrowed under this Section 2.2(bb) and repaid or prepaid may not be reborrowed.

Appears in 2 contracts

Samples: Credit Agreement (National Storage Affiliates Trust), Credit Agreement (National Storage Affiliates Trust)

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The Tranche C Borrowing. Subject to the terms and conditions set forth herein, each Tranche C Lender severally and not jointly agrees to make a single loan to the Borrower on the Effective Closing Date in an amount not to exceed such Tranche C Lender’s Commitment Percentage of the Tranche C FacilityCommitment. The Tranche C Borrowing shall consist of Tranche C Loans made simultaneously by the Tranche C Lenders in accordance with their respective Commitment Tranche C Commitments and each such Tranche C Lender’s Applicable Percentage of the Total Tranche C FacilityCommitment. Amounts borrowed under this Section 2.2(bb2.1(c) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Term Loan Agreement (First Potomac Realty Trust)

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The Tranche C Borrowing. Subject to the terms and conditions set forth herein, each Tranche C Lender severally and not jointly agrees to make a single loan to the Borrower on the Second Increase and Amendment Effective Date in an amount not to exceed such Tranche C Lender’s Commitment Percentage of the Tranche C Facility. The Tranche C Borrowing shall consist of Tranche C Loans made simultaneously by the Tranche C Lenders in accordance with their respective Commitment Percentage of the Tranche C Facility. Amounts borrowed under this Section 2.2(bb2.1(bb) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Second Increase Agreement and Amendment (National Storage Affiliates Trust)

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