Tranche 2 Term Loan definition

Tranche 2 Term Loan is defined in Section 2.01(a)(i)(A).

Tranche 2 Term Loan means a Term Loan made to the Borrower pursuant to Section 1.1(a)(ii) of the Agreement.

Tranche 2 Term Loan means a loan in an aggregate principal amount of up to Ten Million Dollars ($10,000,000). “Tranche 2 Term Loan Advance” has the meaning assigned to such term in Section 2.2(a)(ii).

Examples of Tranche 2 Term Loan in a sentence

• Upon funding the Closing Date Term Loans on the Closing Date, each Lender’s Initial Term Loan Commitment and Tranche 2 Term Loan Commitment was automatically reduced to zero.

• Loans may be Base Rate Loans or SOFR Loans (and, for the avoidance of doubt, with respect to the Tranche 2 Term Loan, the interest then due shall be payable in kind), as further provided herein.

• On each Interest Payment Date, unless a Default or Event of Default then exists, the Borrower shall pay (1) with respect to the Initial Term Loan and the Delayed Draw Term Loan, five and one half percent (5.5%) of the interest then due in cash and the remainder of the outstanding interest then due in kind, i.e. by adding such outstanding interest to the aggregate principal amount of the Loans and (2) with respect to the Tranche 2 Term Loan, the interest then due in kind.

• Each Tranche 2 Term Loan Advance hereunder shall consist of Tranche 2 Term Loans made from the several Tranche 2 Term Loan Lenders ratably according to their Pro Rata Shares on the funding date for each such Advance.

• Beginning April 1, 2017 and continuing through December 31, 2017, subject to Borrower’s achievement of Tranche 2 Milestone and approval by Agent’s investment committee, such approval to be granted or withheld in its sole discretion, Borrower may request Tranche 2 Term Loan Advances in an aggregate amount up to $10,000,000 in minimum increments of $2,500,000.

More Definitions of Tranche 2 Term Loan

Tranche 2 Term Loan means a loan made by a Tranche 2 Term Loan lender pursuant to Section 2.1(b) (or any conversion or continuation thereof).

Tranche 2 Term Loan means a loan made pursuant to Section 2.1(c) (or any conversion or continuation thereof).

Tranche 2 Term Loan means, as of any date, the portion of the Loans advanced to the Borrower on the Effective Date pursuant to Section 2.01(a) equal to the sum of $450,000,000 minus the aggregate principal amount of Tranche 1 Term Loans outstanding as of such date. After giving effect to the execution and delivery of the signature pages to the First Amendment, the outstanding principal amount of the Tranche 2 Term Loan as of November 13, 2009 will be set forth on Schedule 2 to the First Amendment.

Tranche 2 Term Loan means an Original Term Loan that shall have been converted to a “Tranche 2 Term Loan” under the Restatement Agreement.

Tranche 2 Term Loan means a term loan as described in Section 1.1(b).

Tranche 2 Term Loan means a loan in an aggregate principal amount of up to Ten Million Dollars ($10,000,000).

Tranche 2 Term Loan means the Company’s second priority term loan incurred under the Credit Agreement, dated as of June 21, 2013, (as may be further amended, modified, supplemented or Refinanced from time to time), among the Company, the Lenders (as defined therein) and Xxxxx Fargo Bank, N.A., General Electric Capital Corporation, Xxxxxxx Xxxxx Bank USA and Xxxxxx Xxxxxxx Senior Funding, Inc., as co-documentation agents.