Tranche 2 Loans definition

Tranche 2 Loans has the meaning provided in Section 2.01(a).

Tranche 2 Loans a loan made by a Lender pursuant to its Tranche 2 Commitment to the Borrower as part of a Borrowing.

Tranche 2 Loans means Loans made or deemed made pursuant to this Agreement during the Tranche 2 Availability Period.

Examples of Tranche 2 Loans in a sentence

• The obligation of each Lender to make its Tranche 2 Loan on the Tranche 2 Borrowing Date shall be subject to the prior making of the Tranche 1 Loan on the Closing Date, the delivery of a Borrowing Notice as required pursuant to Section 2.02, the delivery of a funds flow memorandum summarizing, in reasonable detail, the use of proceeds of the Tranche 2 Loans, and the prior or concurrent satisfaction of each of the conditions precedent set forth below in this Section 6.02.

• The Administrative Agent will promptly notify each Tranche 1 Lender of its receipt of each such notice in respect of any Tranche 1 Loans, and of the amount of such Tranche 1 Lender’s Applicable Tranche 1 Loan Percentage of such prepayment and will promptly notify each Tranche 2 Lender of its receipt of each such notice in respect of any Tranche 2 Loans, and of the amount of such Tranche 2 Lender’s Applicable Tranche 2 Loan Percentage of such prepayment.

• The Administrative Agent will promptly notify each Tranche 1 Lender of its receipt of each such notice in respect of any Tranche 1 Loans, and of the amount of such Tranche 1 Lender’s Applicable Tranche 1 Percentage of such prepayment and will promptly notify each Tranche 2 Lender of its receipt of each such notice in respect of any Tranche 2 Loans, and of the amount of such Tranche 2 Lender’s Applicable Tranche 2 Percentage of such prepayment.

• 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.

• This Agreement shall continue in effect until the respective Maturity Date of Tranche 1 Loans and Tranche 2 Loans, subject to Sections 5.2, 5.3 and 5.4, below.

More Definitions of Tranche 2 Loans

Tranche 2 Loans meanss the loans made by the Tranche 2 Lenders to the Borrower pursuant to Section 2.01(b).

Tranche 2 Loans means the term loans made by the Tranche 2 Lenders to St. Jude Medical, Inc.

Tranche 2 Loans means each of the loans provided for in Section 2.01(b) hereof, which may be Base Rate Loans and/or Eurodollar Loans.

Tranche 2 Loans means the “Tranche 2 Initial Loans” and the “Tranche 2 Delayed Draw Loans”.

Tranche 2 Loans means, collectively, the A2 Loan and the B2 Loan;

Tranche 2 Loans. Each Tranche 2 Lender severally agrees, on the terms and conditions of this Agreement, to make one or more Tranche 2 Loans to the Company in Dollars during the period from and including the date hereof to but not including the Tranche 2 Commitment Termination Date in an aggregate principal amount not to exceed the Tranche 2 Commitment of such Lender as in effect from time to time. During such period the Company may borrow, repay and reborrow the amount of the Tranche 2 Commitments and may Convert Tranche 2 Loans of one Type into Tranche 2 Loans of another Type (as provided in Section 2.07 hereof) or Continue Tranche 2 Loans of one Type as Tranche 2 Loans of the same Type (as provided in Section 2.07 hereof).

Tranche 2 Loans means all funding advanced to Borrower that is designated by Bank as Loans made under Borrowing Base II, in excess of the Tranche 1 Loan(s), not to exceed, however, $2,000,000.00 in the aggregate.