Second Tranche Term Loan definition

Second Tranche Term Loan has the meaning set forth in Section 2.2(a).
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Second Tranche Term Loan means the loan, in the principal amount not to exceed $5,000,000, made by the Lender to Borrower on the Second Closing Date pursuant to Section 2.01(b) hereof.
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Second Tranche Term Loan means the Term Loan made on December 20, 2021. The Second Tranche Term Loan shall be a "Class" of Loan and Borrowing. All references to the Term Loan shall be deemed to be references to each Class of Term Loan.
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Examples of Second Tranche Term Loan in a sentence

  • Lenders’ commitments to make the Second Tranche Term Loan shall terminate upon the earlier of (i) the end of the Second Tranche Availability Period, and (ii) the date the Second Tranche Term Loan has been funded.

  • The Second Commitment shall automatically terminate on the earlier of (i) the funding of the Second Tranche Term Loan or (ii) March 31, 2015.

  • Lender’s obligation to lend hereunder shall terminate upon the earlier of (i) the funding of the Second Tranche Term Loan or (ii) the Second Tranche Commitment Termination Date.

  • The Administrative Agent shall make available to the Borrower in the account specified by the Borrower in the Disbursement Instruction Agreement, the aggregate of the amounts made available to the Administrative Agent by the Second Tranche Term Loan Lenders, in like funds as received by the Administrative Agent.

  • On the earlier of the Funding Date of the Second Tranche Term Loan and February 28, 2018, Borrower shall pay to Lender a closing fee in the amount of Twelve Thousand Five Hundred Dollars ($12,500).

  • For purposes of clarity, the closing fee with respect to the Second Tranche Term Loan is due and payable whether or not the Second Tranche Term Loan is funded.

  • Upon receipt of such Borrowing Notice the Administrative Agent shall promptly notify each Second Tranche Term Loan Lender thereof.

  • Not later than 1:00 P.M. (local time in New York City) on any Second Tranche Term Loan Funding Date, each Second Tranche Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Second Tranche Term Loan or Second Tranche Term Loans to be made by such Lender.

  • If the Second Tranche Term Loan is made hereunder, the covenants in this subsection (b) shall apply.

  • The Second Tranche Term Loan may from time to time be Term SOFR Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.4 and 2.


More Definitions of Second Tranche Term Loan

Second Tranche Term Loan has the meaning set forth in Section 6.03.
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Related to Second Tranche Term Loan

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Tranche A Term Loan as defined in Section 2.1.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche A Term Loan Commitment means the commitment of a Lender to make or otherwise fund the Tranche A Term Loan and “Tranche A Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of the Tranche A Term Loan Commitments as of the Closing Date is $5,000,000.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Tranche B Term Lender means a Lender with a Tranche B Term Commitment or an outstanding Tranche B Term Loan.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Tranche A Term Lender means a Lender with a Tranche A Term Commitment or an outstanding Tranche A Term Loan.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.