Tranche A Advances. Lender agreed, on the Original Forbearance Effective Date, to convert a portion of the outstanding principal amount of Lender’s Commercial Loans equal to Lender’s Tranche A Commitment into a term loan to the Borrowers (each amount so converted, a “Tranche A Advance” and, collectively, the “Tranche A Advances”). Any portion of the Tranche A Advances that is subsequently repaid or prepaid may not be reborrowed.
Appears in 2 contracts
Samples: Tribeca Forbearance Agreement (Franklin Credit Management Corp/De/), Forbearance Agreement (Franklin Credit Management Corp/De/)
Tranche A Advances. Lender agreedagrees, on the Original Forbearance Effective Date, to convert a portion of the outstanding principal amount of Lender’s Commercial Loans equal to Lender’s Tranche A Commitment into a term loan to the Borrowers (each amount so converted, a “Tranche A Advance” and, collectively, the “Tranche A Advances”). Any portion of the Tranche A Advances that is subsequently repaid or prepaid may not be reborrowed.
Appears in 2 contracts
Samples: Tribeca Forbearance Agreement (Franklin Credit Management Corp/De/), Forbearance Agreement (Franklin Credit Management Corp/De/)