Tranche 1 Maturity Date definition
Examples of Tranche 1 Maturity Date in a sentence
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.
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.
The Administrative Agent shall promptly notify each Lender holding a commitment that would be extended by such request of such request, and each such Lender shall in turn, in its sole discretion, not later than 20 days prior to the Tranche 1 Maturity Date and the Tranche 2 Maturity Date, notify the Borrowers and the Administrative Agent in writing as to whether such Lender will consent to such extension.
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.
The Tranche 1 Note shall be originally dated May 28, 1996, have a stated maturity that is the Tranche 1 Maturity Date, and bear interest at the Interest Rate from the Tranche 1 First Borrowing Date until the Tranche 1 Note or any amount thereunder is paid in full (whether on the Tranche 1 Maturity Date, by acceleration or otherwise).