Tranche A Loan Sample Clauses
The 'Tranche A Loan' clause defines a specific portion of a larger loan facility, typically distinguished by its own terms such as interest rate, repayment schedule, or purpose. In practice, this clause outlines the amount allocated to Tranche A, the conditions for drawing down funds, and any unique covenants or requirements that apply to this tranche, such as priority in repayment or different collateral arrangements. Its core function is to segment the overall loan into manageable parts, allowing both lender and borrower to tailor financial arrangements to specific needs and manage risk more effectively.
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Tranche A Loan. The Tranche A Loan may only be used for the purpose of refinancing the Existing Facilities.
Tranche A Loan. Subject to the terms and conditions of this Loan Agreement, Lender agrees to advance to Borrower a term loan (the "Tranche A Loan") in an aggregate principal amount not to exceed $1,353,861.80 to be used to payoff existing Indebtedness to Wells Fargo Business Credit Inc. Borrower may not reborrow the princ▇▇▇▇ amount of the Tranche A Loan after repayment or prepayment thereof.
Tranche A Loan. Lender agrees to make a term loan to Borrower on the Tranche A Closing Date in the principal amount (the “Tranche A Loan Amount”) of Thirty Million Dollars ($30,000,000.00) (the “Tranche A Loan”); and
Tranche A Loan. Each Lender severally agrees to make a term loan to Borrower on the Tranche A Closing Date (collectively, the “Tranche A Loan”) in a principal amount equal to such Lender’s Tranche A Commitment; and
Tranche A Loan. On the terms and subject to the conditions contained in this Agreement, the Lender agrees to make a single loan (the "Tranche A Loan") to the Borrower, which Tranche A Loan (i) shall be made only on the Closing Date, (ii) shall be repaid pursuant to the terms hereof, but once repaid may not be reborrowed, and (iii) shall not exceed the amount of the Tranche A Loan Commitment. The Tranche A Loan shall be evidenced by the Tranche A Note.
Tranche A Loan. (i) Subject to the terms and conditions of this Agreement and relying on the representations and warranties set forth herein, each Lender, severally and not jointly, agrees to provide its share of the Tranche A Loan to Borrower on the Closing Date in Dollars in a principal amount equal to such Lender’s Tranche A Loan Commitment. No Lender shall have an obligation to make a Tranche A Loan in excess of such Lender’s Tranche A Loan Commitment.
(ii) Subject to the terms and conditions of this Agreement (including Section 6.01), Borrower shall deliver to the Administrative Agent a fully executed Borrowing Notice no later than 5 p.m. (New York City time) at least one (1) Business Day in advance of the Closing Date.
(iii) Borrower may make one borrowing under the Tranche A Loan Commitment which shall be on the Closing Date. Subject to Section 3.03, all amounts owed hereunder with respect to the Tranche A Loan shall be paid in full no later than the Maturity Date. Each Lender’s Tranche A Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Tranche A Loan Commitment on such date.
Tranche A Loan. (a) Subject to the terms and conditions of this Agreement, each Lender, severally and not jointly, agrees to loan to Borrower after the Closing Date an amount not to exceed its Revolving Credit Commitment in one or more Loans (each, a “Revolving Loan”), which Borrower may borrow, repay, and re-borrow under this Agreement (the “Tranche A Loan” or the “Revolving Credit Facility”). The obligation of the Borrower to repay the aggregate unpaid principal amount of all Revolving Loans under the Revolving Credit Facility, together with interest thereon, shall be evidenced by a note issued to each Lender on the Closing Date with a face amount of up to such Lender’s Revolving Credit Commitment (collectively, the “Revolving Notes”). Prior to the Maturity Date and subject to the other provisions of this Agreement and the other Loan Documents, the Borrower may borrow, repay and reborrow advances under the Revolving Credit Facility; provided that at any given time the aggregate amount of Revolving Loans outstanding may not exceed the Aggregate Revolving Loan Commitment. Borrower may repay all or any portion of the Tranche A Loan at any time and from time to time without any prepayment premium or penalty, but subject to the indemnification provisions of Section 8.6 and the obligations in any Hedge Agreement. Revolving Loans may from time to time consist of LIBOR Loans and/or Base Rate Loans, as determined by the Borrower and notified to the Agent in accordance with the terms of this Agreement.
(b) Each Lender’s commitment to lend under the Revolving Credit Facility shall expire at 2:00 p.m. on the last Business Day preceding the Maturity Date; provided, that, Borrower’s and Guarantors’ obligations and Agent and each Lender’s rights under the Loan Documents shall continue in effect until the Obligation is paid in full.
(c) In addition to compliance with the conditions precedent specified in Section 5.3, each Revolving Loan shall be subject to the following conditions:
(i) each Revolving Loan must occur on a Business Day and no later than the Business Day immediately preceding the Maturity Date;
(ii) Agent must receive Borrower’s Loan Request for each Revolving Loan by 10:00 a.m. on the third (3rd) Business Day before the proposed Loan Date for such Revolving Loan, and such Loan Request must include, among other things, Borrower’s election of the Type of Loan;
(iii) each Revolving Loan (unless the remaining Available Revolving Amount is less) must be in an amount not less ...
Tranche A Loan. Subject to and upon the terms and conditions set forth in this Agreement, the Lender agrees to make (by means of conversion of a portion of revolving loans outstanding under the 1995 Credit Agreement), on the Closing Date, a term loan (the "Tranche A Loan) to Borrowers in an aggregate principal amount equal to fifty million dollars ($50,000,000). The Tranche A Loan shall be evidenced by a promissory note, substantially in the form of Exhibit D attached hereto, payable to the Lender in the original --------- principal amount of the Tranche A Loan (together with any extension, renewal, modification, or replacement thereof or therefor, the "Tranche A Note"). Once repaid, the Tranche A Loan may not be reborrowed.
Tranche A Loan. The Tranche A Loan shall be made in a single Borrowing on the Initial Borrowing Date in the amount of EUR 265,000,000.
Tranche A Loan. CoBank agrees, on the terms and conditions hereinafter set forth, to make a loan to Borrower in the amount of the Tranche A Commitment ("TRANCHE A LOAN"). Amounts borrowed under this Section 2.1.1 and repaid or prepaid may not be reborrowed.
