Tranche 1 Loans definition

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

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

• The Borrower shall use the proceeds of the Tranche 1 Loans for purposes of (i) working capital and general corporate purposes, and (ii) without duplication, the payment of fees and expenses associated with this Agreement and the other Loan Documents and the transactions contemplated hereby and thereby.

• Except as otherwise provided in this Agreement, proceeds of each payment (including each repayment and prepayment of Loans) by or on behalf of the Borrower shall be (i) applied pro rata between the Tranche 1 Loans and any outstanding Tranche 2 Loan and Tranche 3 Loans (on the basis of aggregate outstanding principal amount), and (ii) deemed to be made ratably to the Lenders in accordance with their respective Proportionate Shares of the Loans being repaid or prepaid.

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

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, collectively, the A1 Loan and the B1 Loan;

Tranche 1 Loans. Each Tranche 1 Lender severally agrees, on the terms and conditions of this Agreement, to make one or more Tranche 1 Loans to the Company in Dollars during the period from and including the date hereof to but not including the Tranche 1 Commitment Termination Date in an aggregate principal amount at any one time outstanding not to exceed the Tranche 1 Commitment of such Lender as in effect from time to time. During such period the Company may borrow, repay and reborrow the amount of the Tranche 1 Commitments and may Convert Tranche 1 Loans of one Type into Tranche 1 Loans of another Type (as provided in Section 2.07 hereof) or Continue Tranche 1 Loans of one Type as Tranche 1 Loans of the same Type (as provided in Section 2.07 hereof).

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 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