Examples of Tranche 2 Revolving Loan in a sentence
Each Tranche 2 Revolving Loan shall be made as part of a Borrowing consisting of Tranche 2 Revolving Loans made by the Tranche 2 Lenders ratably in accordance with their respective Tranche 2 Participation Percentages.
The obligation to provide a German Tax Certificate shall continue until the end of the calendar year following the year in which all German Loans are repaid in full and the Total Tranche 2 Revolving Loan Commitment is terminated or, if earlier, the date on which the German Bank transfers by assignment and assumption all of its rights, benefits and obligations with respect to all German Loans under the Credit Documents pursuant to Section 14.04(b).
Accrued Tranche 2 Letter of Credit Fees shall be due and payable quarterly in arrears on each Quarterly Payment Date and on the first date after the termination of the Total Tranche 2 Revolving Loan Commitment on which no Tranche 2 Letters of Credit remain outstanding.
For the avoidance of doubt, upon the effectiveness of the additional Multicurrency Tranche 2 Revolving Loan Commitments and additional US Tranche 2 Revolving Loan Commitments, the applicable Pro Rata Shares (determined for each applicable Class) of all the Lenders shall automatically be adjusted to give effect thereto.
All open ended abandoned pipes shall be cemented to prevent soil infiltration, and the work shall be considered incidental.
Upon any change in the Tranche 2 Revolving Loan Commitments of the Banks pursuant to Section 1.13 or 14.04, it is hereby agreed that, with respect to all outstanding Tranche 2 Letters of Credit, and Unpaid Drawings in respect of Tranche 2 Letters of Credit, there shall be an automatic adjustment to the Tranche 2 Participations pursuant to this Section 2.03 to reflect the new Tranche 2 Revolving Percentages of the assignor and assignee Bank.
The obligation of each Bank to make, convert or continue any Tranche 2 Revolving Loan is subject to the satisfaction, or waiver in accordance with Section 10.6, of the conditions set forth in Section 3.2 and the receipt by the Administrative Agent of a copy of a tax opinion addressed to Xerium prepared by Xerium’s Brazil tax counsel in form and substance reasonably acceptable to the Administrative Agent.
Each Tranche 2 Revolving Loan shall be made as part of a Borrowing consisting of Tranche 2 Revolving Loans made by the Tranche 2 Revolving Lenders ratably in accordance with their respective Tranche 2 Revolving Commitments.
The bidder has to provide sufficient back up of SWT equipment spares/ consumables (‘O’ rings, elastomers/ rubber seals, redressing kits etc.) in order to ensure uninterrupted services.