Tranche A Maturity Date Sample Clauses
The "Tranche A Maturity Date" clause defines the specific date on which all outstanding amounts under Tranche A of a loan or credit facility must be repaid in full. In practice, this clause sets a clear deadline for borrowers to fulfill their repayment obligations related to Tranche A, and may also trigger certain rights or obligations for both lenders and borrowers, such as the cessation of interest accrual or the enforcement of security interests. Its core function is to provide certainty and structure to the repayment schedule, ensuring both parties are aware of the final due date for this portion of the financing.
Tranche A Maturity Date. The Borrower promises to pay on the Tranche A Maturity Date, and there shall become absolutely due and payable on the Tranche A Maturity Date, all of the Tranche A Loans outstanding on such date, together with any and all accrued and unpaid interest thereon.
Tranche A Maturity Date. (i) At the request of Borrower and with the written consent of all of the Banks having a Tranche A Commitment (which may be given or withheld in the sole and absolute discretion of each Bank) pursuant to this Section the Tranche A Maturity Date may be extended for one-year periods, provided no Default or Event of Default has occurred and is continuing at the time of such request. Not earlier than three months prior to, nor later than 30 days prior to, each anniversary of the Closing Date, Borrower may request by Requisite Notice made to the Administrative Agent (who shall promptly notify the Banks) a one year extension of the Tranche A Maturity Date. Such request shall include a certificate signed by a Responsible Officer stating that (i) the representations and warranties contained in Section 5 shall be true and correct on and as of the date of such certificate and (ii) no Default or Event of Default has occurred and is continuing. Each Bank shall, within 20 Business days of the Administrative Agent delivering such notice to such Bank, notify in writing the Administrative Agent whether it consents to or declines such request, provided that any Bank failing to so notify the Administrative Agent within such period shall be deemed to decline such request.
Tranche A Maturity Date. Section 1.1 of the Credit Agreement is hereby amended by deleting the definition of "Tranche A Maturity Date" in its entirety and by substituting therefor the following new definition of "Tranche A Maturity Date" to read as follows:
Tranche A Maturity Date. The Tranche A Maturity Date shall not have occurred.
Tranche A Maturity Date. The Borrower shall have two (2) options (which shall be binding on the Lenders), exercisable by written notice to the Administrative Agent given no more than 120 days nor less than 30 days prior to the then Tranche A Maturity Date, to extend the Tranche A Maturity Date for a period of six (6) months per extension option. Upon delivery of such notice, the Tranche A Maturity Date shall be extended for six (6) months so long as the following conditions are satisfied as of the effective date of such extension: (i) no Default or Event of Default has occurred and is continuing; (ii) the representations and warranties made or deemed made by the Borrower in any Loan Document shall be true and correct in all material respects except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date); and (iii) the Borrower shall have paid an extension fee equal to 0.0625% of the then aggregate outstanding amount of the Tranche A Term Loans (to the Administrative Agent for the ratable benefit of the Tranche A Lenders).
Tranche A Maturity Date. Section 1.01 of the Loan Agreement is hereby amended by deleting the definition of “Tranche A Maturity Date” in its entirety and substituting the following therefor: