Examples of Tranche 2 Lenders in a sentence
Upon any change in the Tranche 2 Commitments of the Tranche 2 Lenders pursuant to Section 1.13 or 12.04(b), it is hereby agreed that, with respect to all outstanding Existing Tranche 2 Letters of Credit and Unpaid Drawings with respect thereto, there shall be an automatic adjustment to the participations pursuant to this Section 2B.08 to reflect the new Tranche 2 Percentages of the assigning and assignee Tranche 2 Lender.
Subject to Section 2.17, each such prepayment of Tranche 1 Loans shall be applied to the Tranche 1 Loans of the Tranche 1 Lenders in accordance with their respective Applicable Tranche 1 Loan Percentages and each such prepayment of Tranche 2 Loans shall be applied to the Tranche 2 Loans of the Tranche 2 Lenders in accordance with their respective Applicable Tranche 2 Loan Percentages.
Each Account Party shall cause the Collateral to be charged or pledged and be made subject to the Security Documents (in form and substance reasonably acceptable to the Administrative Agent) necessary for the perfection of the Lien and security interest in, to and upon the Collateral and for the exercise by the Administrative Agent and the Tranche 2 Lenders of their rights and remedies hereunder and thereunder.
The Refinancing Qualification Certificate shall be in form reasonably satisfactory to the Majority Tranche 2 Lenders and the AHG Lenders.
Any such Tranche 2 Cash Collateral created herein shall not be released to the Company or applicable Borrower without the consent of the Tranche 2 Lenders; provided, however, that interest on such deposited amounts shall be for the account of the Company or applicable Borrower and may be withdrawn by the Company or applicable Borrower so long as no Default exists.
The Tranche 2 Lenders shall be kept reasonably apprised of all such discussions.
For the avoidance of doubt and without limitation of the foregoing, the Tranche 2 Lenders shall also be kept reasonably apprised of the proposed treatment of local claims of the Debtors’ local Mexican creditors.
The Borrower shall promptly notify the Administrative Agent (for distribution to the Tranche 2 Lenders) in writing of the total amount of outstanding Tranche 2 Obligations in respect of which a Voluntary Equity Conversion Election has been delivered.
Aeroméxico shall provide prompt written notice to the Administrative Agent (for distribution to the Tranche 2 Lenders) of any Material Change and each Tranche 2 Lender shall have at least [three (3)] Business Days to modify its election after delivery of such notice.
No amendment, modification, waiver, discharge or termination of, or consent to any departure by any Pledgor from, any provision of this Agreement shall be effective unless in a writing signed by the Administrative Agent and such of the Tranche 2 Lenders as may be required under the provisions of the Credit Agreement to concur in the action then being taken, and then the same shall be effective only in the specific instance and for the specific purpose for which given.