Examples of Tranche 1 Maturity Date in a sentence
In any event, the entire outstanding principal amount of the Tranche 1 Note and all accrued but unpaid interest and all other outstanding amounts due thereunder shall be paid on the Tranche 1 Maturity Date.
It is understood and agreed that no Lender shall have any obligation whatsoever to agree to any request made by the Borrowers for any requested extension of the Tranche 1 Maturity Date and Tranche 2 Maturity Date.
Borrower and Lender understand that this payment schedule is intended to amortize fully the principal amount advanced under the Tranche 1 Commitment in equal monthly payments from the date of such Advance to the Tranche 1 Maturity Date and any other principal and interest amounts outstanding representing amounts owed under Advances made prior to the Tranche 2 Closing Date will be added to the final payment on the Tranche 1 Maturity Date.
The Administrative Agent shall notify the Borrowers not later than 15 days prior to the relevant anniversary of the Restatement Effective Date of the decision of the Lenders regarding the Borrowers’ request for an extension of the Tranche 1 Maturity Date and Tranche 2 Maturity Date.
If any such Lender shall fail to notify the Administrative Agent and the Borrowers in writing of its consent to any such request at least 20 days prior to the Tranche 1 Maturity Date and the Tranche 2 Maturity Date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request.