Tranche C Advances. The Tranche C Facility shall be made available to the extent that and in the amount that the Bridging Loan has been repaid by MC2 pursuant to the Bridging Loan Agreement and Tranche C Advances from time to time may be drawn PRO TANTO in an aggregate amount not exceeding the amount so repaid.
Tranche C Advances. The Borrowers of the Tranche C Advances shall repay the aggregate outstanding principal amount of the Tranche C Advances in full in one instalment on the Tranche C Maturity Date.
Tranche C Advances. Lender agrees, on the Forbearance Effective Date, to convert a portion of the outstanding principal amount of Lender’s Commercial Loans equal to Lender’s Tranche C Commitment into a term loan to the Borrowers (each amount so converted, a “Tranche C Advance” and, collectively, the “Tranche C Advances”). Any portion of the Tranche C Advances that is subsequently repaid or prepaid may not be reborrowed.
Tranche C Advances. Each Advance must be repaid on each of the dates and up to the percentages indicated in the repayment schedule attached as Schedule VI. The duration of the Interest Period for any portion of an Advance which is to be repaid must be adjusted so that its expiration date coincides with the repayment date. In this respect, when an Interest Period Determination Request for each Advance precedes a repayment date, and if the requested Interest Period expires after the repayment date in question, the portion of the Advance which is to be repaid on said date must be the subject of one or more distinct Interest Periods which are different from that of the Advance in question. The last of said Interest Periods must be 1, 3 or 6 months long or, subject to the provisions of the Agreement, 2 or 9 months long, and must expire on the repayment date. The Interest Period Determination Request in question must specify the portion of the Advance to be repaid and the distinct Interest Period calculated as indicated above.
Tranche C Advances. Borrowers shall pay interest in advance on the unpaid principal amount of each Tranche C Advance from the date of such Advance until such Advance is paid in full, at a per annum rate of interest equal to nine percent (9%), based upon a year of 360 days and actual days elapsed.
Tranche C Advances. One term loan (“Tranche C Advance”) to the Borrowers equal to such Lender’s Tranche C Commitment. Any portion of the Tranche C Advances that is subsequently repaid or prepaid may not be reborrowed.
Tranche C Advances. (a) Each Borrower shall repay the full amount of each Tranche C Advance made to it on the Interest Date relating to that Advance. Any Tranche C Utilisation then outstanding shall be repaid in full on the last day of the Tranche C Availability Period.
(b) Without prejudice to each Borrower's obligations to repay the full amount of each Tranche C Advance made to it on the due date, on the date of any Rollover Utilisation made by any Borrower the amount to be repaid and the amount to be drawn down by such Borrower shall be netted off against each other so that the amount of cash which such Borrower is actually required to repay or, as the case may be, the amount of cash which the Banks are actually required to advance to such Borrower, shall be the net amount.
Tranche C Advances. Each Tranche C Advance is solely to fund the acquisition by the Borrower of 100% of the equity and voting rights of Mango Israel.
Tranche C Advances a Tranche C Advance if to do so would cause the aggregate of its participation in the Tranche C Advances outstanding under this agreement to exceed its Tranche C Commitment; and
Tranche C Advances. Each Tranche C Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a "Tranche C Advance") to the Borrower on the Funding Date in an amount not to exceed such Lender's Tranche C Commitment. The Tranche C Borrowing shall consist of Advances made simultaneously by the Tranche C Lenders ratably according to their respective Tranche C Commitments. Amounts borrowed under this Section 2.01(c) and repaid or prepaid may not be reborrowed.
