Term Loan Tranche 3 definition

Term Loan Tranche 3 has the meaning set forth in Section 2.1(a)(i)(C).
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Term Loan Tranche 3 has meaning set forth in Section 2.1(a)(i)(B). MidCap / Sientra / Second A&R Credit and Security Agreement (Term)
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Examples of Term Loan Tranche 3 in a sentence

  • Lenders shall have no obligation to make more than one (1) advance in respect of the Term Loan Tranche 3 per calendar month and each advance of the Term Loan Tranche 3 shall be in an amount equal to $25,000,000 (or a higher integral multiple of $25,000,000) in the aggregate with respect to all such Lenders.

  • Unless previously terminated, upon the Term Loan Tranche 3 Commitment Termination Date, the Term Loan Tranche 3 Commitment shall thereupon automatically be terminated and the Term Loan Tranche 3 Commitment Amount of each Lender as of such date shall be reduced by such Lender’s Pro Rata Share of such total reduction in the Term Loan Commitments.

  • Each such Lender’s obligation to fund the Term Loan Tranche 3 shall be limited to such Lender’s Term Loan Tranche 3 Commitment Amount, and no Lender shall have any obligation to fund any portion of any Term Loan required to be funded by any other Lender, but not so funded.

  • Borrowers shall use the proceeds of any Term Loan Tranche 2, Term Loan Tranche 3 and Term Loan Tranche 4 borrowing solely for (a) transaction fees incurred in connection with the Financing Documents, and (b) working capital needs of the Borrowers are their Subsidiaries.