Examples of Increasing Tranche in a sentence
The obligations of the Increasing Tranche A Term Lenders, the Additional Tranche A Term Lenders and the Incremental Lenders and the refinancing undertakings of the Exchanging Tranche A Term Lenders are several and not joint.
The obligations of the Increasing Tranche B Term Lenders and the Additional Tranche B Term Lenders and the refinancing undertakings of the Exchanging Tranche B Term Lenders are several and not joint.
The Borrowers agree to pay a commitment increase closing fee to the Agent, in an amount equal to 0.30% of the aggregate increase in the total Commitments pursuant to this Amendment and the Modified Credit Agreement, to be allocated among the Increasing Revolving Lenders, the Increasing Tranche B Lenders and the Tranche C Lenders based on the aggregate increase in each such Lender’s total Commitments.
The Group is monitoring developments in the OECD’s Pillar 2 proposals to agree minimum effective tax rates across jurisdictions participating in the OECD programme.
Each Increasing Tranche 2 Lender and each New Tranche 2 Lender on the Closing Date shall (i) be deemed to have assumed such ratable portion of such Tranche 2 Loans and (ii) fund on the Closing Date such assumed amounts to the Administrative Agent for the account of each such assigning Lender in accordance with the provisions hereof in the amount notified to such Increasing Tranche 2 Lender or New Tranche 2 Lender by the Administrative Agent.
All such additional Tranche A Commitments shall constitute “Tranche A Commitments” and all Increasing Tranche A Lenders shall constitute “Lenders”, in each case for all purposes of the Credit Agreement and the other Loan Documents.
Each New Tranche B-2 Term Lender and, if applicable, Increasing Tranche B-2 Lenders will make the amount of its pro rata share (based on its Tranche B-2 Term Loan Percentage) of the Tranche B-2 Term Loans available, in accordance with Section 2.7 of the Credit Agreement, as amended by this Amendment.
New Tranche B-2 Term Lender and duly executed signature pages of the Increasing Tranche B-2 Term Lenders, such that, upon execution by all New Tranche B-2 Lenders, Converting Lenders and Increasing Tranche B-2 Term Lenders, the aggregate principal amount of the Tranche B-2 Term Loans is equal to the principal amount of the Tranche B Term Loans outstanding immediately prior to the effectiveness of the amendments, acknowledgement, and agreements contained herein.
Each Increasing Tranche 1 Lender and each New Tranche 1 Lender on the Closing Date shall (i) be deemed to have assumed such ratable portion of such Tranche 1 Loans and (ii) fund on the Closing Date such assumed amounts to the Administrative Agent for the account of each such assigning Lender in accordance with the provisions hereof in the amount notified to such Increasing Tranche 1 Lender or New Tranche 1 Lender by the Administrative Agent.
Each Increasing Tranche G Lender will make an amount equal to its pro rata share of the Supplemental Tranche G Term Loans available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in Section 11.2 of the Credit Agreement prior to 10:00 A.M., New York City time, on the Supplemental Tranche G Funding Date in funds immediately available to the Administrative Agent.