Tranche 3 Borrowing Date definition

Tranche 3 Borrowing Date means the date on which the Tranche 3 Loans are made pursuant to the terms and conditions hereof.

Tranche 3 Borrowing Date means the Business Day on which the Tranche 3 Loan hereunder is made, which shall be (x) no sooner than the date on which each of the conditions precedent set forth in Section 6.03 shall have been satisfied and (y) no later than March 31, 2020.

Tranche 3 Borrowing Date means, with respect to any Tranche 3 Loan, the date on which such Loan is made pursuant to the terms and conditions hereof.

Examples of Tranche 3 Borrowing Date in a sentence

• The obligation of each Lender to make its Tranche 3 Loan on the Tranche 3 Borrowing Date shall be subject to the prior making of the Tranche 1 Loan on the Tranche 1 Borrowing Date, the prior making of the Tranche 2 Loan on the Tranche 2 Borrowing Date, the delivery of a Borrowing Notice as required pursuant to Section 2.02 and the prior or concurrent satisfaction (or waiver thereof by the Agent) of each of the conditions precedent set forth below in this Section 6.03.

• The Tranche 3 Borrowing Date shall have occurred on or before June 30, 2023.

• All documents and agreements required to be appended to the Tranche 3 Borrowing Date Certificate, if any, shall be in form and substance reasonably satisfactory to the Administrative Agent, shall have been executed and delivered by the requisite parties, and shall be in full force and effect.

• The Borrower shall have paid to the Agent for its account and the account of each Lender, the Undrawn Fees accrued through the Tranche 3 Borrowing Date, and all other fees, reasonable and documented out-of-pocket costs and expenses, if any, due and payable pursuant to Section 14.03 (including the Agent’s and the Lenders’ reasonable and documented out-of-pocket legal fees and expenses).

• The Administrative Agent shall have received a Note in favor of each Lender for the Tranche 3 Loan being made by it on the Tranche 3 Borrowing Date, duly executed and delivered by a Responsible Officer of the Borrower.

• The Administrative Agent shall have received evidence satisfactory to it that, both immediately before and after giving effect to the Borrowing on the Tranche 3 Borrowing Date, the Borrower is in compliance with the covenant set forth in Section 10.01.

• The Tranche 3 Borrowing Date shall have occurred on or before September 30, 2020.

• Areas of Perhutani-owned forest and plantation areas can be seen in the appendix.

• The obligation of each Lender to make its Tranche 3 Loan on the Tranche 3 Borrowing Date shall be subject to the satisfaction (or waiver) of the conditions set forth in Section 6.01, 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 3 Loans, and the prior or concurrent satisfaction (or waiver) of each of the conditions precedent set forth below in this Section 6.03.

• For the trailing twelve (12) month period ending on or before the Tranche 3 Borrowing Date, the Borrower shall have received at least $31,700,000 in Revenue.

More Definitions of Tranche 3 Borrowing Date

Tranche 3 Borrowing Date means the date on which a Tranche 3 Loan is made pursuant to the terms and conditions hereof. “Tranche 3 Loans” has the meaning set forth in the third recital hereto. “Transactions” means the negotiation, preparation, execution, delivery and performance by each Obligor of this Agreement and the other Loan Documents to which such Obligor is (or is intended to be) a party, the making of the Loans hereunder, and all other transactions contemplated pursuant to this Agreement and the other Loan Documents. “Treasury Rate” means, for the purpose of calculating any Make-Whole Amount, the yield to maturity implied by the yield(s) for the most recently issued actively traded on-the-run U.S. Treasury securities as quoted on the display designated as “Page PX1” (or such other display as may replace Page PX1) on Bloomberg Financial Markets as of approximately 5:00 p.m. (New York City time) on the second Business Day immediately preceding the date of any repayment or prepayment that is the subject of such Make-Whole Amount, in respect of that period which is mathematically closest in duration to the actual period over which such determination is to be assessed for the purposes of making a present value calculation. The

Tranche 3 Borrowing Date means the date on which the Tranche 3 Loan is made pursuant to the terms and conditions hereof. “Tranche 3 Loan” has the meaning set forth in the first recital hereto.

Tranche 3 Borrowing Date means the date on which the Tranche 3 Loans are made pursuant to the terms and conditions hereof. “Tranche 3 Borrowing Date Certificate” has the meaning set forth in Section 6.03(c).

Tranche 3 Borrowing Date means, as the context may require, either (i) the date of the initial Borrowing of Tranche 3 Loans hereunder, which shall be no sooner than the date on which the Amendment No. 1 Effective Date shall have occurred and each of the conditions precedent set forth in Section 6.03 shall have been satisfied for such Borrowing, (ii) the date of the second Borrowing of Tranche 3 Loans hereunder, which shall be after the initial Borrowing of Tranche 3 Loans and no sooner than the date on which each of the conditions precedent set forth in Section 6.03 shall have been satisfied for such Borrowing, or (iii) each of the foregoing dates.