Tranche 3 Loan definition

Tranche 3 Loan means the term loan made by the Lenders on the Tranche 3 Borrowing Date in an aggregate principal amount not to exceed $12,500,000.
Tranche 3 Loan has the meaning set forth in the first recital hereto.
Tranche 3 Loan means each loan advanced by a Lender pursuant to Section 2.01(a) as part of a Tranche 3 Borrowing.

Examples of Tranche 3 Loan in a sentence

  • On December 19, 2013 - Sustainable Urban Transport Investment Program Tranche 3 Loan and Project agreements were signed between Georgia and Asian Development Bank.

  • The Tranche 3 Loan was payable as interest-only prior to October 31, 2015 and thereafter is payable in monthly installments of principal plus accrued interest until February 22, 2018.

  • 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.

  • On 19 December, 2013 - Sustainable Urban Transport Investment Program Tranche 3 Loan and Project agreements were signed between Georgia and Asian Development Bank.

  • The Administrative Agent shall have received for each Lender a Note evidencing such Lender’s Tranche 3 Loan duly executed and delivered by a Responsible Officer of the Borrower.

  • The Agent shall have received a Note in favor of each Lender evidencing such Lender’s Tranche 3 Loan, duly executed and delivered by a Responsible Officer of the Borrower.

  • 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.

  • With respect to the Tranche 3 Loan, Borrower has achieved two (2) consecutive quarters of Net Revenue of $28,000,000 or more.

  • The Security Agreement is amended by changing Section 1.4 to read Section 1.5 and adding the following at the end of the provision, “and the proceeds of the Tranche 3 Loan to pay for Lender approved refurbishment and upgrades to the Aircraft”.

  • The obligation of the Lender to make the Tranche 3 Loan shall be subject to the delivery of a Borrowing Notice for such Tranche 3 Loan as required pursuant to Section 2.02(a), and the satisfaction of each of the conditions precedent set forth below in this Section 6.03.


More Definitions of Tranche 3 Loan

Tranche 3 Loan has the meaning set forth in the Exchange Credit Agreement as in effect on the date hereof.
Tranche 3 Loan means a Loan made pursuant to Section 2.01(d).
Tranche 3 Loan means each loan advanced by a Lender pursuant to Section 2.01(a) as part of a Tranche 3 Borrowing. “Transactions” means the execution, delivery and performance by each Obligor of this Agreement and the other Loan Documents to which such Obligor is intended to be a party, and the Borrowings (and the use of the proceeds of the Loans), the consummation of the purchase and sale of the Shares in connection with the exercise of the Share Purchase Option under and in accordance with the Option Agreement and the consummation of the other transactions contemplated by this Agreement and the other Loan Documents. “UCC” means the Uniform Commercial Code in effect in the State of New York; provided, however, that in the event that, by reason of mandatory provisions of Law, any or all of the attachment, perfection, or priority of, or remedies with respect to the Administrative Agent’s Lien on any Collateral is governed by the Uniform Commercial Code in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority or remedies, and for purposes of definitions relating to such provisions. “U.S. Government Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. “U.S. Person” means a “United States Person” within the meaning of Section 7701(a)(30) of the Code. “U.S. Tax Compliance Certificate” has the meaning set forth in Section 5.01(e)(ii)(B)(3). 136158242.1 136158242.6 31
Tranche 3 Loan means a loan made or to be made under Tranche 3 or the principal amount outstanding for the time being of such loan.
Tranche 3 Loan has the meaning specified in Section 2.01(c).

Related to Tranche 3 Loan

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Tranche A Term Loan as defined in Section 2.1.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Tranche C Term Loan as defined in Section 2.1.

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche A Note means a promissory note of the Borrower payable to the order of any Tranche A Bank, in substantially the form of Exhibit A-1 hereto, evidencing the aggregate indebtedness of the Borrower to such Tranche A Bank resulting from Tranche A Advances.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Tranche A Maturity Date means November 8, 2008, or, if such day is not a Business Day, the next preceding Business Day.

  • Tranche A Term Lender means a Lender with a Tranche A Term Commitment or an outstanding Tranche A Term Loan.

  • Tranche C Lender means a Lender with a Tranche C Commitment or an outstanding Tranche C Term Loan.

  • Term B-2 Loan means the Loan in the amount set forth in Section 2.01(a)(i).

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).