Tranche 1 Loans Clause Samples

Tranche 1 Loans. The Tranche 1 Loans shall amortize, and Annex A for the Loan Certificates for the Tranche 1 Loans (and the related Schedule 1 of the Mortgage Supplement for the Designated Aircraft) shall be calculated, based on a mortgage-style (level payments of principal and interest) methodology utilizing an assumed interest rate of [**] per annum (the “Benchmark Rate”) for the Loan Certificates, with the original principal amount thereof amortizing [**] on a quarterly basis in arrears on each Interest Payment Date (the first such amortizing payment to be made on the first Interest Payment Date next following the Funding Date (or Projected Funding Date, if applicable in accordance with this Section 3(a)) and the final such installment falling due on the [**]) following the Funding Date (or Projected Funding Date, if applicable in accordance with this Section 3(a)). The Loan Participants and the Borrower agree that the aggregate principal amount of each such installment shall be as set forth on the amortization schedule attached as Schedule 3(a)(i) hereto.

Tranche 1 Loans. If the Borrower has not delivered a Loan Notice with respect to a Borrowing of Tranche 1 Loans and the conditions set forth in Section 4.03 shall have been satisfied prior to December 31, 2020 (other than delivery of a Loan Notice), deliver a Loan Notice pursuant to Section 4.03 on December 31, 2020 or such later date as may be agreed by the Lender Representative in its sole discretion (such date, the “Tranche 1 Mandatory Borrowing Date”).

Tranche 1 Loans. Each Lender with a Tranche 1 Commitment hereby agrees severally, but not jointly, to make a loan to the Company (each such loan, a “Tranche 1 Loan”) on the Closing Date in an amount equal to such Lender’s Pro Rata share of the aggregate Tranche 1

Tranche 1 Loans. Each Tranche 1 Lender having a Tranche 1 Loan Commitment agrees, subject to the terms and conditions set forth herein, to make Tranche 1 Loans in Dollars to GEO on the Effective Date in an aggregate principal amount equal to the Tranche 1 Loan Commitment of such Lender on the Effective Date. Amounts prepaid or repaid in respect of Tranche 1 Loans may not be reborrowed.

Tranche 1 Loans. The Tranche 1 Loans shall amortize, and Annex A for the Loan Certificates for the Tranche 1 Loans (and the related Schedule 1 of the Mortgage Supplement for the Designated Aircraft) shall be calculated, based on a mortgage-style (level payments of principal and interest) methodology utilizing an assumed interest rate of [**] per annum (the “Benchmark Rate”) for the Loan Certificates, with the original principal amount thereof amortizing [**] on a quarterly basis in arrears on each Interest Payment Date (the first such amortizing payment to be made on the first Interest Payment Date next following the Funding Date (or Projected Funding Date, if applicable in accordance with this Section 3(a)) and the final such installment falling due on the [**]) following the Funding Date (or Projected Funding Date, if applicable in accordance with this Section 3(a)). The Loan Participants and the [**] — Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. Borrower agree that the aggregate principal amount of each such installment shall be as set forth on the amortization schedule attached as Schedule 3(a)(i) hereto.

Tranche 1 Loans. (a) Subject to the terms and conditions set forth herein, each Tranche 1 Lender severally agrees to make loans (each such loan, a “Tranche 1 Loan”) to the Company, and to any other Borrower designated to receive Tranche 1 Loans hereunder, in U.S. Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Tranche 1 Lender’s Tranche 1 Commitment; provided, however, that after giving effect to any Tranche 1 Borrowing, (i) the Total Tranche 1 Outstandings shall not exceed the Aggregate Tranche 1 Commitments, and (ii) the aggregate Outstanding Amount of the Tranche 1 Loans of any Tranche 1 Lender, plus such Tranche 1 Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Tranche 1 Lender’s Pro Rata Share of the Outstanding Amount of all U.S. Swing Line Loans shall not exceed such Tranche 1 Lender’s Tranche 1 Commitment; and provided further that (i) the availability of the Aggregate Tranche 1 Commitments at any time for the making of any Tranche 1 Loans and the issuance of Letters of Credit shall be reduced by the amount of the Alternative Currency Reserve (if any), and (ii) in determining the availability of the Aggregate Tranche 1 Commitments hereunder with respect to any Escalating Credits issued or outstanding hereunder, the Aggregate Tranche 1 Commitments will be deemed to be utilized in respect of such Escalating Credits in the aggregate amount equal to the maximum aggregate amount available to be drawn under all such Escalating Credits (after giving effect to all increases). Within the limits of each Tranche 1 Lender’s Tranche 1 Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Tranche 1 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. (b) Each Tranche 1 Borrowing, each conversion of Tranche 1 Loans from one Type to the other, and each continuation of Eurocurrency Rate Loans shall be made upon the Company’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 9:00 a.m. (i) three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurocurrency Rate Loans denominated in U.S. Doll...