Tranche 1 Loans definition

Tranche 1 Loans has the meaning set forth in Section 2.01(a).

Tranche 1 Loans a loan made by a Lender pursuant to its Tranche 1 Commitment to the Borrower as part of a Borrowing.

Tranche 1 Loans means Loans made or deemed made pursuant to this Agreement during the Tranche 1 Availability Period.

Examples of Tranche 1 Loans in a sentence

• Tranche 1 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

• Tranche 1 Loans borrowed under this Section 2.01(a) and paid or prepaid may not be reborrowed.

• Notwithstanding anything to the contrary contained herein, if at any time Bank of America assigns all of its Tranche 1 Commitment and Tranche 1 Loans pursuant to subsection (b) above, Bank of America may, upon 30 days’ notice to the Company, resign as Swing Line Lender.

• Notwithstanding anything to the contrary contained herein, if at any time any L/C Issuer assigns all of its Tranche 1 Commitment and Tranche 1 Loans pursuant to subsection (b) above, such L/C Issuer may, upon 30 days’ notice to the Company and the Lenders, resign as an L/C Issuer.

• The Administrative Agent will promptly notify each Tranche 1 Lender of its receipt of each such notice in respect of any Tranche 1 Loans, and of the amount of such Tranche 1 Lender’s Applicable Tranche 1 Percentage of such prepayment and will promptly notify each Tranche 2 Lender of its receipt of each such notice in respect of any Tranche 2 Loans, and of the amount of such Tranche 2 Lender’s Applicable Tranche 2 Percentage of such prepayment.

More Definitions of Tranche 1 Loans

Tranche 1 Loans means the loans made by the Tranche 1 Lenders to the Borrower pursuant to Section 2.01(a).

Tranche 1 Loans means each of the loans provided for in Section 2.01(a) hereof, which may be Base Rate Loans and/or Eurodollar Loans.

Tranche 1 Loans means the term loans made by the Tranche 1 Lenders to St. Jude Medical, Inc.

Tranche 1 Loans has the meaning set forth in the third recital hereto. “Tranche 2 Borrowing Date” means the date on which the Tranche 2 Loan is made pursuant to the terms and conditions hereof. “Tranche 2 Borrowing Date Certificate” has the meaning set forth in Section 6.02(a). “Tranche 2 Facility Fee” has the meaning set forth in the Fee Letter. “Tranche 2 Loan” has the meaning set forth in the third recital hereto. “Tranche 2 Loan Commitment Amount” means the Commitment of the Lenders, subject to the terms and conditions set forth herein, to make the Tranche 2 Loan in the amount of $15,200,000. “Tranche 3 Borrowing Date” means the date on which a Tranche 3 Loan is made pursuant to the terms and conditions hereof. “Tranche 3 Loans” has the meaning set forth in the third recital hereto. “Transactions” means the negotiation, preparation, execution, delivery and performance by each Obligor of this Agreement and the other Loan Documents to which such Obligor is (or is intended to be) a party, the making of the Loans hereunder, and all other transactions contemplated pursuant to this Agreement and the other Loan Documents. “Treasury Rate” means, for the purpose of calculating any Make-Whole Amount, the yield to maturity implied by the yield(s) for the most recently issued actively traded on-the-run U.S. Treasury securities as quoted on the display designated as “Page PX1” (or such other display as may replace Page PX1) on Bloomberg Financial Markets as of approximately 5:00 p.m. (New York City time) on the second Business Day immediately preceding the date of any repayment or prepayment that is the subject of such Make-Whole Amount, in respect of that period which is mathematically closest in duration to the actual period over which such determination is to be assessed for the purposes of making a present value calculation. The

Tranche 1 Loans a loan made by a Lender pursuant to its Tranche 1 Commitment to the Borrower as part of a Borrowing. “Tranche 1 Ticking Fee”: as defined in subsection 2.3(b). “Tranche 2 Commitment”: as to any Lender, the obligation of such Lender to make Loans to the Borrower hereunder during the Commitment Period in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule I under the heading “Tranche 2 Commitment,” as such amount may be reduced or increased from time to time in accordance with the provisions of this Agreement. “Tranche 2 Loans”: a loan made by a Lender pursuant to its Tranche 2 Commitment to the Borrower as part of a Borrowing. “Tranche 2 Ticking Fee”: as defined in subsection 2.3(c). “Transaction Costs”: all fees, costs and expenses incurred or payable by the Borrower or any of its Subsidiaries in connection with the Transactions. “Transactions”: the (i) execution and delivery of this Agreement and the other Loan Documents, (ii) the borrowing of Loans and the use of the proceeds thereof, (iii) the consummation of the Target Acquisition and (iv) the payment of Transaction Costs. “Transferee”: as defined in subsection 11.6(f). - 26 - Active.28128860.17

Tranche 1 Loans means the first $2,000,000.00 of funding advanced to Borrower that is designated by Bank as a Loan made under Borrowing Base II.

Tranche 1 Loans means, collectively, the A1 Loan and the B1 Loan;