Examples of Tranche 2 Loan in a sentence
To the extent requested in writing at least five (5) Business Days prior to the requested funding date of the Tranche 2 Loan, the Agent shall have received a Note in favor of each Lender evidencing such Xxxxxx’s Tranche 2 Loan, duly executed and delivered by a Responsible Officer of the Borrower.
The Borrower shall use the proceeds of the Tranche 2 Loan solely for the redemption of the Existing 2025 Convertible Notes in full no later than three (3) Business Days after the Tranche 2 Borrowing Date.
The Schedules to this Agreement relating to the representations and warranties made under this Agreement or any other Loan Document may be updated by written delivery to the Agent pursuant to Section 6.02(a) in connection with a Borrowing of the Tranche 2 Loan or any Tranche 3 Loan or if otherwise required in connection with an amendment or modification of any Loan Document that has been mutually agreed upon by Parent, the Borrower and the Majority Lenders.
On the terms and subject to the conditions of this Agreement, each Lender agrees to make the Tranche 2 Loan to the Borrower, in a single Borrowing at any time during the period beginning after the Restatement Date and ending on or prior to July 15, 2025, in an aggregate principal amount for all Lenders of $15,200,000 in immediately available funds.
The Agent shall have received a certificate of a Responsible Officer of the Borrower certifying that the proceeds of the Tranche 2 Loan will be used solely for the redemption of the Existing 2025 Convertible Notes in full.