Common use of Tranche C Loans Clause in Contracts

Tranche C Loans. On the terms and subject to the conditions contained in this Agreement and in reliance upon the representations and warranties of the Obligors set forth herein, each Lender further agrees to make one or more Loans to the Borrowers (each, a "Tranche C Loan") on the Closing Date and each other Funding Date requested by a Borrower in a Notice of Borrowing given in accordance with Section 2.2 in an amount not to exceed, in the aggregate for all Tranche C Loans made by such Lender on all Funding Dates, the Tranche C Commitment of such Lender. No Tranche C Loan shall be made prior to the due date for the payment of the Permitted Invoices with respect to which such Tranche C Loan is being made. Each Tranche C Loan shall be in an amount not to exceed the aggregate amount of all Permitted Invoices not used to support prior Borrowings of Tranche C Loans. No Tranche C Loan shall be made until at least thirty (30) days after all issued and outstanding Permitted Invoices relating to such Tranche C Loan have been paid in full. Copies of the Permitted Invoices supporting each Tranche C Loan shall be attached to the applicable Notice of Borrowing. There may be multiple Borrowings of Tranche C Loans. Tranche C Loans repaid or prepaid may not be reborrowed hereunder.

Tranche C Loans. On Subject to the terms and subject to the conditions contained in of this Agreement (including, without limitation, Section 2.13(a) and in reliance upon the representations and warranties of the Obligors set forth hereinArticle 6), each Tranche C Lender further severally agrees to make one or more Loans loans to the Borrowers (each, a "Tranche C Loan") on Borrower from time to time from and including the Closing New Advance Date and each other Funding Date requested by a Borrower in a Notice of Borrowing given in accordance with Section 2.2 in an amount not to exceed, in the aggregate for all Tranche C Loans made by such Lender on all Funding Dates, but excluding the Tranche C Commitment Termination Date up to but not exceeding the amount of such Lender. No Tranche C Loan shall be made prior to the due date for the payment of the Permitted Invoices with respect to which such Tranche C Loan is being made. Each Lender's Tranche C Loan Commitment as then in effect; provided, however, that the aggregate outstanding principal amount of the Tranche B Loans and the aggregate outstanding principal amount of the Tranche C Loans used to pay Permitted Third-Party Expenses shall not at any time exceed the Permitted Third-Party Expenses Borrowing Base. Notwithstanding anything to the contrary contained in this Agreement, the Borrower, the Administrative Agent and the Lenders agree that, as of the Closing Date, the aggregate outstanding principal amount of the Original Tranche C Loans is $368,519.86, which amount shall be deemed outstanding as Tranche C Loans hereunder. (Such loans referred to in an amount not this Section 2.1(c) now or hereafter made or deemed made by the Tranche C Lenders to exceed the aggregate amount of all Permitted Invoices not used to support prior Borrowings of Borrower, including, without limitation, such loans which remain outstanding after the Tranche C Commitment Termination Date, are hereinafter collectively called the "Tranche C Loans. No Tranche C Loan shall be made until at least thirty (30".) days after all issued and outstanding Permitted Invoices relating to such Tranche C Loan have been paid in full. Copies of The Borrower may not reborrow the Permitted Invoices supporting each Tranche C Loan shall be attached to the applicable Notice of Borrowing. There may be multiple Borrowings of Tranche C Loans. Tranche C Loans repaid or prepaid may not be reborrowed hereunderwhich have been repaid. The parties hereto hereby agree that, as of the Closing Date, the aggregate outstanding principal amount of the Tranche C Loans is $368,519.86.

Tranche C Loans. On Subject to the terms and subject to the conditions contained provisions set forth in this Agreement and in reliance upon the representations and warranties of the Obligors set forth hereinCredit Agreement, each Tranche C Lender further agrees agrees, severally but not jointly, to make one or advance to Borrower from time to time during the Tranche C Loan Availability Period, but not more Loans to the Borrowers than twice in any month, such loans as Borrower may request under Section 2.3(b) (eachindividually, a "“Tranche C Loan"”; and, collectively, the “Tranche C Loans”), in an aggregate principal amount not to exceed such Tranche C Lender’s Proportionate Share (Commitment) on of the Closing Date and each other Funding Date requested by a Borrower in a Notice Tranche C Loan Commitment; provided that, notwithstanding anything herein to the contrary, there shall be no more than one borrowing of Borrowing given Tranche C Loans that are Salmon Falls Loans hereunder. The aggregate amount of the Tranche C Loan Commitments shall not exceed $0 (such amount, as may be reduced from time to time in accordance with Section 2.2 in an the terms hereof, the “Total Tranche C Loan Commitment”). The aggregate amount not to exceed, in the aggregate for all of Tranche C Loans made by such Lender on all Funding Dates, outstanding at any point in time shall not exceed the Tranche C Commitment of such Lender. No Total Tranche C Loan shall be made prior to the due date for the payment of the Permitted Invoices with respect to which such Tranche C Loan is being madeCommitment. Each Tranche C Loan shall be in an amount not to exceed the aggregate amount of all Permitted Invoices not used to support prior Borrowings of Tranche C Loans. No Lender’s Tranche C Loan Commitment shall be made until at least thirty (30) days after all issued and outstanding Permitted Invoices relating to such irrevocably terminated upon the termination of the Tranche C Loan have been paid in full. Copies of the Permitted Invoices supporting each Tranche C Loan shall be attached to the applicable Notice of Borrowing. There may be multiple Borrowings of Tranche C Loans. Tranche C Loans repaid or prepaid may not be reborrowed hereunderAvailability Period.