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

• The addendum shall be sent to all Contractors and will be binding on them.

• 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.

• Outstanding premium or other monetary policy obligation information identified by the assigned carrier or its representative shall be provided to the Plan Administrator in accordance with the appropriate performance standards or other legal or regulatory requirements.

• We cannot be assured that any replacement borrowing or equity financing could be successfully completed.The interest rate on our variable rate borrowings, which include our revolving credit facility, Tranche 1 Term Loan and our Tranche 2 Term Loan, are all based on LIBOR.

• 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.

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 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 Loan made pursuant to the second sentence Section 2.03(a).

Tranche 2 Term Loan means a loan in an aggregate principal amount of up to Seven Million Five Hundred Thousand Dollars ($7,500,000).

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), Citicorp North America, Inc., as administrative and collateral agent, Bank of America, N.A., as syndication agent, and Xxxxx Fargo Bank, N.A., General Electric Capital Corporation, Xxxxxxx Xxxxx Bank USA and Xxxxxx Xxxxxxx Senior Funding, Inc., as co-documentation agents.

Tranche 2 Term Loan means the second tranche of the Term Loan in the amount of up to $10,000,000.