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, Term Tranche 2 Advance, or Top-Up 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.

  • 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.

  • On the earlier of the Term Loan Maturity Date, the prepayment of all Credit Extensions, or the date the Obligations become due and payable, a Final Payment Fee equal to (i) One Hundred Fifty Thousand Dollars ($150,000) plus (ii) an additional amount equal to 1.00% of the aggregate amount of Term Loan Tranche 2 Advances made during the term of this Agreement.

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

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

  • 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.

  • 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.

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

  • 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.

  • The amount to be repaid on each Repayment Date will be calculated so that the remaining Tranche 2 Advances or Tranche 3 Advances outstanding after such repayment are equal to the amount of Tranche 2 Advances or Tranche 3 Advances outstanding on the last day of the Tranche 2 Availability Period or the Tranche 3 Availability Period (as the case may be) multiplied by the percentage set out opposite the relevant date.


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

  • 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 shall have the meaning assigned to such term in Section 2.1(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 as defined in Section 2.1.

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

  • 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).

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

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

  • 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.