Examples of Existing Tranche A in a sentence
Notwithstanding the foregoing, subject to the consent of the Borrower and the Administrative Agent, each Existing Tranche A Term Loan Lender may elect to continue its Existing Tranche A Term Loan as a Fifth Restatement Effective Date Tranche A Term Loan under this Agreement by indicating such an election on a Term Loan Lender Addendum delivered to the Administrative Agent on or prior to the Fifth Restatement Effective Date.
Pursuant to the Existing Loan Agreement, each of the Banks with a Tranche A Commitment thereunder have made term loans designated as “Tranche A Loans” to the Borrower in the aggregate principal amount of $100,000,000 (the “Existing Tranche A Loans”) and such Existing Tranche A Loans are outstanding on the date hereof and shall continue to be outstanding under this Agreement as “Tranche A Loans”.
By checking this box, the undersigned Tranche A Term Lender hereby consents to the Amendment and agrees to exchange (on a cashless basis) 100% of the outstanding principal amount of its Existing Tranche A Term Loans (or such lesser amount allocated to such Tranche A Term Lender by the Administrative Agent) for Exchanged Refinancing Tranche A Term Loans in an equal principal amount.
The Borrower will not be required to make any payments to Converting Tranche A Term Lenders and Converting Revolving Lenders under Section 2.16 of the Credit Agreement in connection with the conversion of their Existing Tranche A Term Loans into New Tranche A Term Loans and Existing Revolving Loans into New Revolving Loans, respectively.
For purposes of the foregoing, such Interest Periods shall be assigned (i) to the Additional Tranche A Term Loans of each Additional Tranche A Term Lender in the same proportion that such Interest Periods applied to the Existing Tranche A Term Loans on the Amendment Effective Date and (ii) to the Additional Revolving Loans of each Additional Revolving Lender in the same proportion that such Interest Periods applied to the Existing Revolving Loans on the Amendment Effective Date.
The Borrowers have requested an increase to the Maximum Loan Amount to two hundred and forty six million five hundred and thirty three thousand seven hundred and sixty three dollars 87/100 (USD246,533,763.87) to be split into (i) Existing Tranche A, Existing Tranche B and Existing Tranche C to assist the Borrowers to finance the Existing Vessels and (ii) the New Tranche which shall be advanced to Borrower B, in order to assist Owner C to finance the New Vessels (the "Request").
On the Restatement Date, the Borrowers shall apply the aggregate proceeds of the Increased Tranche A Term Loans and Additional Tranche A Term Loans (if any) to prepay in full the principal amount of all Existing Tranche A Term Loans, other than Exchanged Tranche A Term Loans and all Existing Tranche A1 Term Loans, other than Exchanged Tranche A1 Term Loans.
Each Loan shall be subject to a new Interest Period beginning on the Closing Date, and all accrued and unpaid interest (at the applicable non-default rate) on the Existing Tranche A Term Loans, Existing Revolving Loans and Existing Tranche B Term Loans under the Existing Credit Agreement and on outstanding Hedge Termination Payments to the Closing Date shall be paid in full in cash by the Borrower on the Closing Date.
The public open space, institutional land use, commercial land use, and residential land use grid cell layers are below.
The accrued and unpaid interest on the Existing Tranche A Term Loans, the Existing Revolving Loans and the Existing Tranche B Term Loans under the Existing Credit Agreement to the Closing Date (at the applicable non-default rate) shall have been paid in full in cash by the Borrower.