Examples of Tranche 2 Term Loans in a sentence
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.
Amounts repaid or prepayed in respect of Tranche 2 Term Loans may not be reborrowed.
Upon funding, the Tranche 2 Term Loans shall form a single tranche of Term Loans with the Tranche 1 Term Loan and shall be treated as one tranche hereunder in all respects.
The business of Entek may be materially impacted by breaches of security, on-site or via technology, either by unauthorised access, theft, destruction, loss of information or release of confidential data.
Upon the funding of the New Term Loans and the New Incremental Term Loans, the Administrative Agent will record the New Term Loans and the New Incremental Term Loans as being of the same “Class,” each Tranche 2 Term Loans.
For the avoidance of doubt, all Tranche 2 Term Loans (including the Amendment No. 2 Tranche Term Loans and the Amendment No. 2 Incremental Tranche 2 Term Loans) shall be considered a single Class.
Notwithstanding the foregoing, the Second Amendment and Restatement shall not become effective, and the obligations of the Tranche 2 Lenders hereunder to make Tranche 2 Term Loans will automatically terminate, if each of the conditions set forth or referred to in Sections 2.2(b) and 2.3 hereof has not been satisfied at or prior to 5:00 p.m., New York City time, on the Outside Date (as defined in the Acquisition Agreement).
The Amendment No. 2 Incremental Tranche 2 Term Loan Commitment is not revolving in nature, and amounts of Amendment No. 2 Incremental Tranche 2 Term Loans repaid or prepaid prior to the Term Loan Maturity Date may not be reborrowed.
For the avoidance of doubt, to the extent the principal amount of any Tranche 2 Term Loan is not subject to a Final Maturity Date extension pursuant to this Section 2.1(d), interest accrued thereon shall be payable at maturity of such Loan, including final maturity of such Loan, without regard to any extension of Tranche 2 Term Loans effected hereunder.
To the extent not previously paid, all Tranche 2 Term Loans shall be due and payable on the Tranche 2/Tranche 3 Term Maturity Date.