Tranche 1 Term Loan definition

Tranche 1 Term Loan means a Term Loan made to the Borrower on the Closing Date pursuant to Section 1.1(a)(i) of the Agreement.
Tranche 1 Term Loan means a loan made by a Tranche 1 Term Loan Lender pursuant to Section 2.1(b) (or any conversion or continuation thereof).
Tranche 1 Term Loan is defined in Section 2.2(a)(i) hereof.

Examples of Tranche 1 Term Loan in a sentence

  • The Revolving Advances may be Base Rate Advances or Eurodollar Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.8 and 2.9. Each Tranche 1 Term Loan Advance hereunder shall consist of Tranche 1 Term Loans made from the several Tranche 1 Term Loan Lenders ratably according to their Pro Rata Shares on the funding date for each such Advance.

  • Subject to the terms and conditions of this Agreement, on the Closing Date Lender will severally (and not jointly) make a Tranche 1 Term Loan Advance in an amount not to exceed its respective Term Commitment, and Borrower agrees to draw a Tranche 1 Term Loan Advance of $20,466,325.15.

  • Loans hereunder are distinguished by “Class” and “Type.” The “Class” of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans) refers to whether such Loan is a Revolving Loan, a Term Loan, an Incremental Revolving Loan, an Incremental Term Loan, an Original Term Loan, a Tranche 1 Term Loan, an Other Revolving Loan or an Other Term Loan.

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  • Unless previously terminated, (i) any unfunded Tranche 1 Term Loan Commitments and Tranche 2 Term Loan Commitments terminated at 5:00 p.m. (Chicago time) on the date of this Agreement, (ii) any unfunded Tranche 3 Term Loan Commitments and Tranche 4 Term Loan Commitments shall terminate at 5:00 p.m. (Chicago time) on the Amendment No. 1 Effective Date, and (iii) the Revolving Commitments shall terminate on the Revolving Loan Termination Date.


More Definitions of Tranche 1 Term Loan

Tranche 1 Term Loan means a loan in an aggregate principal amount of up to Twenty-Five Million Dollars ($25,000,000). “Tranche 1 Term Loan Advance” has the meaning assigned to such term in Section 2.2(a)(i).
Tranche 1 Term Loan means a loan made pursuant to Section 2.1(b) (or any conversion or continuation thereof).
Tranche 1 Term Loan means any Initial Term Loan or any New Term Loan.
Tranche 1 Term Loan means, as of any date, the portion of the Loans advanced to the Borrower on the Effective Date pursuant to Section 2.01(a) equal to the aggregate amount of Term Loans then held by the Tranche 1 Term Loan Lenders, as determined from the definition of the term "Tranche 1 Term Lender". After giving effect to the execution and delivery of the signature pages to the First Amendment, the outstanding principal amount of the Tranche 1 Term Loan as of November 13, 2009 will be set forth on Schedule 2 to the First Amendment. Current Term Borrowings will not be affected by the allocations of the Term Loan as a Tranche 1 Term Loan or Tranche 2 Term Loan on either November 13, 2009 or on November 30, 2009 and the Term Borrowings existing on either of those dates and any related Interest Periods will continue under the terms of the Agreement and may be continued and converted as therein provided except that Term Fixed Rate Borrowings will be selected with respect to Tranche 1 Term Loan and the Tranche 2 Term Loan separately after November 30, 2009.
Tranche 1 Term Loan means a Term Loan made pursuant to clause (a)(iii) of Section 2.01.
Tranche 1 Term Loan means the Company’s second priority term loan incurred under the Credit Agreement, dated as of February 21, 2013, (as may be further amended, modified, supplemented or Refinanced from time to time), among the Company, the Lenders (as defined therein), Citicorp North America, Inc., as administrative agent and collateral agent, Bank of America, N.A., as syndication agent, and Xxxxx Fargo Bank, N.A., General Electric Capital Corporation, Xxxxxxx Xxxxx Bank USA and Xxxxxx Xxxxxxx Senior Funding, Inc., as co-documentation agents.