Tranche 2 Advances definition

Tranche 2 Advances means, collectively, the Tranche 2 Optional Advance and the Tranche 2 Required Advance, and each is a “Tranche 2 Advance”.
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Tranche 2 Advances means any Revolving Tranche 2 Advance or Term Tranche 2 Advance.
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Tranche 2 Advances has the meaning given to it in Section 2.2(a).
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Examples of Tranche 2 Advances in a sentence

  • Notwithstanding anything in this Agreement to the contrary, the Borrower shall not optionally prepay any Tranche 1 Advances or Tranche 2 Advances while any Tranche 3 Advances are outstanding.

  • Term Loan Tranche 2 Advances, once repaid, may not be reborrowed.

  • Borrower may prepay any Growth Capital Tranche 2 Advances without penalty or premium.

  • Interest shall accrue from the date of each Term Loan Tranche 2 Advance at the rate specified in Section 2.3, and shall be payable monthly on the 11th day of each month so long as any Term Loan Tranche 2 Advances are outstanding.

  • Subject to and upon the terms and conditions of this Agreement, at any time from the date on which Borrower achieves the Term Loan Tranche 2 Milestone through the Term Loan Xxxxxxx 0 Xxxxxxxxxxxx Xxx Date, Bank agrees to make one (1) or more Term Loan Tranche 2 Advances to Borrower in an aggregate amount not to exceed the Term Loan Tranche 2.

  • Borrower may prepay any Term Loan Tranche 2 Advances without penalty or premium.

  • Any Growth Capital Tranche 2 Advances that are outstanding on the Growth Capital Tranche 2 End Date shall be payable in thirty (30) equal monthly installments of principal, plus all accrued interest, beginning on May 10, 2011 and continuing on the same day of each month thereafter through the Growth Capital Tranche 2 Maturity Date, at which time all amounts owing under this Section 2.3 shall be immediately due and payable.

  • The obligations of the Facility Agent and each Bank in respect of each Tranche 2 Utilisation are subject to the Facility Agent being satisfied that at the relevant date of the Tranche 2 Utilisation Notice the amount of the Equity Contribution is at least 50% of the aggregate of the amount of Tranche 2 Advances outstanding and the amount requested in the Tranche 2 Utilisation Notice.

  • Notwithstanding anything in this Agreement to the contrary, the Borrower shall not optionally prepay any Tranche 1 Advances, Tranche 2 Advances or Tranche 3 Advances while any Tranche 4 Advances are outstanding.

  • The proceeds of the Tranche 2 Advances shall be used for general working capital purposes and for capital expenditures.


More Definitions of Tranche 2 Advances

Tranche 2 Advances means the additional loan advances made by MPT Foothill Lender to Alta Newport in the amount of (i) Fifty Million and No/100 Dollars ($50,000,000.00) on May 2, 2022 and (ii) Fifty Million and No/100 Dollars ($50,000,000.00) on May 31, 2022, as evidenced by and further defined in the Foothill Mortgage Loan Note.
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Tranche 2 Advances in its entirety with the following:
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Related to Tranche 2 Advances

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Revolving Loans as defined in Section 2.4(a).

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Term Loan has the meaning specified in Section 2.01(b).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • New Revolving Loans as defined in Section 2.25.

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.