Examples of First Tranche Term Loan in a sentence
Lenders’ commitments to make the First Tranche Term Loan shall terminate upon the funding of the First Tranche Term Loan on the Closing Date.
To obtain a Loan (other than the First Tranche Term Loan), Borrower Representative shall deliver a completed Loan Request to Administrative Agent (which may be delivered by email) no later than 3:00 p.m. Eastern Time, ten (10) Business Days prior to the date such Loan is requested to be made.
The First Commitment shall automatically terminate on the funding of the First Tranche Term Loan.
As used herein, the term "New Term Loan" means, individually and collectively, New First Tranche Term Loan and New Second Tranche Term Loan.
New Term Loans are to be used to finance Eligible Equipment purchased in the period beginning on the 90th day prior to the date of the making of the applicable New Term Loan and ending on the date of the making thereof; provided, however, that the first New First Tranche Term Loan to be funded on or after the March 2005 Amendment Date may be used to finance Eligible Equipment purchased in the period beginning January 1, 2005 and ending on the date of the making thereof.
Subject to the consummation of the USU Acquisition and the other conditions specified herein, Lender agrees to make to Borrower an advance on or before the Second Tranche Commitment Termination Date in principal amount up to the Second Tranche Amount (the “Second Tranche Term Loan”, and together with the First Tranche Term Loan, collectively, the “Term Loans”, and each, a “Term Loan”).
On the terms and subject to the conditions set forth herein (including the conditions set forth in Section 6.02 hereof), on the funding date of the First Tranche Term Loan, Lender shall wire transfer to the account of Borrower that Borrower has designated for such purpose or to Borrower’s order an amount equal to the First Tranche Loan Commitment pursuant to the terms of the Letter of Direction.
Lenders’ commitments to make the First Tranche Term Loans shall terminate upon the earlier of (A) the end of the First Tranche Availability Period, and (B) the date that First Tranche Term Loans in an aggregate amount equal to the aggregate amount of the First Tranche Term Loan Commitments have been funded.
On the earliest to occur of (i) the date that Borrower prepays all of the outstanding Secured Obligations, or (ii) the date that the Secured Obligations become due and payable, or (iii) April 1, 2016, Borrower shall pay Lender a fee $132,000 in respect of the First Tranche Term Loan and the Second Tranche Term Loan.