Tranche B Maturity Date Sample Clauses
The "Tranche B Maturity Date" clause defines the specific date on which all outstanding amounts under the Tranche B portion of a loan must be repaid in full. This clause typically applies to multi-tranche loan agreements, where different portions of the loan (such as Tranche A and Tranche B) may have separate repayment schedules and maturity dates. By clearly establishing when the Tranche B obligations are due, the clause ensures both lender and borrower have a shared understanding of repayment timelines, thereby reducing the risk of confusion or dispute regarding final payment deadlines.
Tranche B Maturity Date. The Borrower promises to pay on the Tranche B Maturity Date, and there shall become absolutely due and payable on the Tranche B Maturity Date, all of the Tranche B Loans outstanding on such date, together with any and all accrued and unpaid interest thereon.
Tranche B Maturity Date. June 1, 2002 ----------------------- Tranche B Note. See Section 2.4(c). -------------- Tranche B Term Loans. See Section 2.3(a). --------------------
Tranche B Maturity Date. (i) Borrower may, no earlier than 50 days and not later than 30 days prior to the then effective Tranche B Maturity Date (as it may be extended from time to time pursuant hereto), and in any event not earlier than Borrower's delivery to the Banks of the audited financial statements referred to in Section 6.1(b) for the then most recently ended fiscal year, request in writing to the Administrative Agent (who shall promptly notify the Banks) that the Tranche B Maturity Date be extended for an additional 364 days. After Borrower's request, each Bank having a Tranche B Commitment may, in its sole discretion, consent or not consent to such extension by giving written notice thereof to the Administrative Agent within 21 days after receipt of notice of the extension request. Each Bank's annual decision as to whether to extend the Tranche B Maturity Date shall be based on such information it deems relevant including in its discretion a new credit analysis utilizing then current information in respect of the Borrower's business, financial condition and operations and other information furnished by the Borrower. Failure of any Bank having a Tranche B Commitment to respond on or before such 21 day period shall be deemed to be a refusal of such request by such Bank. The Administrative Agent shall promptly notify each Bank and the Borrower of any Bank's decision to reject the proposed extension.
(ii) If, in accordance with the provisions of this Section 2.12, a Bank consents to the extension to the Tranche B Maturity Date, the Tranche B Maturity Date for such Bank shall be extended for 364 days from the then current Tranche B Maturity Date, without any further action by the Borrower or such Bank.
(iii) If any Bank having a Tranche B Commitment does not consent to a request for an extension of the Tranche B Maturity Date, or is deemed not to have consented to the requested extension, and the Tranche B Maturity Date has been extended for the other Bank(s) having a Tranche B Commitment: (i) the Borrower may, prior to the end of the non-extended Tranche B Maturity Date, terminate such Bank's Tranche B Commitment under this Agreement upon payment in full of principal and interest on all Tranche B Loans made by such Bank together with such other sums, if any, that may be due by reason of such prepayment and any fees owing to such Bank and, in connection with such termination, the Borrower may replace such non-consenting Bank with a new Bank or increase the Tranche B Commitme...
Tranche B Maturity Date. The Tranche B Notes shall mature on that date that is the earlier of (i) December 12, 2018, and (ii) the date that all Notes shall become due and payable in full under the Note Purchase Agreement and hereunder, whether by acceleration or otherwise (the “Tranche B Maturity Date”).
Tranche B Maturity Date. The parties hereto acknowledge that the Tranche B Maturity Date occurred on June 30, 2011. The sum of $1,967,763.00, which was the remaining balance of outstanding Tranche B Loans as of the Tranche B Maturity Date are hereby deemed to be Tranche A Loans.
Tranche B Maturity Date. Section 1.1 of the Credit Agreement is hereby amended by deleting the definition of "Tranche B Maturity Date" in its entirety and by substituting therefor the following new definition of "Tranche B Maturity Date" to read as follows: