Tranche 2 Term Loans Clause Samples
Tranche 2 Term Loans. On the Tranche 2 Effective Date, each Tranche 2 Term Loan Lender made term loans to the Borrowers (such term loans, “Tranche 2 Term Loans”) in an aggregate amount equal to its Tranche 2 Term Loan Commitment. The aggregate Tranche 2 Term Loan Commitments were allocated to the Borrowers as set forth in Table 2.21 below and the Tranche 2 Term Loans in respect of such Tranche 2 Term Loan Commitments were lent directly by the Tranche 2 Term Loan Lenders to each such Borrower in accordance with such allocations.
Tranche 2 Term Loans. (a) Subject to the terms and conditions set forth herein and in the Second Restated Credit Agreement, each lender under the Tranche 2 Term Facility (the "Tranche 2 Lenders") agrees to make its pro rata share of the Second Restatement Effective Date Loans (as defined below) and its pro rata share of the Borrowing Base Date Loans (as defined below), in each case determined based upon such Tranche 2 Lender's Tranche 2
Tranche 2 Term Loans. Subject to the terms and conditions set forth in this Agreement, each Tranche 2 Term Lender severally and not jointly agrees to make a Tranche 2 Term Loan in Sterling to the Borrower on the Effective Date in an aggregate principal amount equal to, but not exceeding, such Tranche 2 Term Lender’s Tranche 2 Term Commitment. Once repaid, the principal amount of a Tranche 2 Term Loan (or portion thereof) may not be reborrowed.
Tranche 2 Term Loans. Subject to the terms and conditions of this Agreement, Bank shall make advances of Tranche 2 Term Loans on the Effective Date and on each subsequent Tranche 2 Term Loan Advance Date not exceeding the aggregate amount of the outstanding Tranche 2 Commitments. Amounts borrowed as Tranche 2 Term Loans may be prepaid or repaid subject to the applicable terms and conditions precedent herein. Tranche 2 Commitments, once borrowed, may not be reborrowed.
Tranche 2 Term Loans. Subject to Section 1.3(c), the outstanding principal amount of any Tranche 2 Term Loans shall accrue interest commencing on the date of each respective Eligible LPA Event corresponding to a Tranche 2 Term Loan Advance, notwithstanding the date of such Credit Extension, at a fixed rate per annum equal to fourteen percent (14.0%), which interest shall be payable in accordance with Section 1.3(a).
Tranche 2 Term Loans. (a) Subject to the terms and conditions set forth herein and in the Second Restated Credit Agreement, each lender under the Tranche 2 Term Facility (the “Tranche 2 Lenders”) agrees to make its pro rata share of the Tranche 2 Term Loans, determined based upon such Tranche 2 Lender’s Tranche 2 Term Commitment. A Person shall become a Tranche 2 Lender and a party to the First Amendment and Restatement and Waiver of this Amendment and the Second Restated Credit Agreement by executing and delivering to the Administrative Agent, on or prior to the Second Restatement Effective Date, a signature page to the First Amendment and Restatement and Waiver of this Amendment as a “Tranche 2 Lender” setting forth the amount of Tranche 2 Term Loans that such Person commits to make. The “Tranche 2 Term Commitment” of any Tranche 2 Lender will be the amount of such commitment set forth in its signature page to the First Amendment and Restatement and Waiver of this Amendment or such lesser amount as is allocated to it by CGMI and notified to it prior to the Second Restatement Effective Date. The commitments of the Tranche 2 Lenders are several and no Tranche 2 Lender shall be responsible for any other Tranche 2 Lender’s failure to make Tranche 2 Term Loans.