Tranche 3 Term Loan definition

Tranche 3 Term Loan means a loan made by a Tranche 3 Term Loan Lender pursuant to Section 2.1(b) (or any conversion or continuation thereof).
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Tranche 3 Term Loan means a Loan made pursuant to Section 2.01(a) of the Amended and Restated Credit Agreement on the Amendment and Restatement Date.
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Tranche 3 Term Loan as defined in subsection 2.1(c).
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Examples of Tranche 3 Term Loan in a sentence

  • Unless previously terminated, (i) any unfunded Tranche 1 Term Loan Commitments and Tranche 2 Term Loan Commitments terminated at 5:00 p.m. (Chicago time) on the date of this Agreement, (ii) any unfunded Tranche 3 Term Loan Commitments and Tranche 4 Term Loan Commitments shall terminate at 5:00 p.m. (Chicago time) on the Amendment No. 1 Effective Date, and (iii) the Revolving Commitments shall terminate on the Revolving Loan Termination Date.

  • Subject to the terms and conditions of this Agreement, beginning on the date Borrower achieves Performance Milestone II and continuing through June 30, 2022, Borrower may request and Lenders severally (and not jointly) will make Term Loan Advances in an aggregate amount up to $7,500,000, in minimum increments of $2,500,000, or if the undrawn amount of the Tranche 3 Term Loan is less than $2,500,000, such lesser amount (each, a “Tranche 3 Term Loan Advance”).

  • Each Tranche 3 Term Loan Advance hereunder shall consist of Tranche 3 Term Loans made from the several Tranche 3 Term Loan Lenders ratably according to their Pro Rata Shares on the funding date for each such Advance.

  • For the avoidance of doubt, the total aggregate amount of all Tranche 1 Term Loans and Tranche 2 Term Loans that are converted into Tranche 3 Term Loans, taken together with the aggregate amount of Incremental Tranche 3 Term Loan Commitments that are accepted by the Administrative Agent and become effective on the Amendment Effective Date, shall not exceed the Tranche 3 Total Commitment Amount.

  • Pursuant to the Amended and Restated Loan and Security Agreement, we may potentially borrow up to an aggregate principal amount of $30.0 million in the following four tranches: $15.0 million, or the Tranche 1 Term Loan; $5.0 million, or the Tranche 2 Term Loan; $5.0 million, or the Tranche 3 Term Loan; and $5.0 million, or the Tranche 4 Term Loan.

  • As part of the annual review the Compensation Committee shall make a recommendation to the Board of Directors regarding whether there should be an increase in Kinnu's base salary.

  • As of the Amendment Effective Date, each Person holding an Incremental Tranche 3 Term Loan Commitment accepted by the Administrative Agent that is not then a Lender shall become a Lender under the Third Amended and Restated Credit Agreement with respect to such Incremental Tranche 3 Term Loan Commitment and the Tranche 3 Term Loans to be made by it pursuant thereto.

  • Subject to the terms and conditions of this Agreement, beginning on the date the Tranche 3 Milestone is satisfied, and continuing through June 15, 2019, Borrower may request one Tranche 3 Term Loan Advance in an aggregate amount of $25,000,000.

  • The Lenders’ several obligations to make the Tranche 3 Term Loan pursuant to Section 2.1(a)(iv) of the Credit Agreement shall be subject to the achievement of the Third Milestone on the Third Milestone Test Date.

  • The Tranche 3 Term Loan Commitment of each Lender shall terminate on the earlier to occur of (x) the Tranche 3 Funding Date (after giving effect to the incurrence [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.


More Definitions of Tranche 3 Term Loan

Tranche 3 Term Loan means a loan in an aggregate principal amount of up to Seven Million Five Hundred Thousand Dollars ($7,500,000).
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Tranche 3 Term Loan means the term loan in the principal amount of $1,100,000 to be made pursuant to Section 2.02(a)(iii) below.
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Tranche 3 Term Loan means the final tranche of the Term Loan in the amount of $25,000,000.
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Tranche 3 Term Loan means a loan in an aggregate principal amount of up to Seven Million Five Hundred Thousand Dollars
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Related to Tranche 3 Term Loan

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche A Term Loan as defined in Section 2.1.

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

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

  • 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 A Term Loan Commitment means the commitment of a Lender to make or otherwise fund the Tranche A Term Loan and “Tranche A Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of the Tranche A Term Loan Commitments as of the Closing Date is $5,000,000.

  • Tranche A Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower on the Incremental Facilities Closing Date in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Tranche A Term Commitments is $20,000,000.

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

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

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

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

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

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

  • Tranche B Term Loan Maturity Date means October 20, 2016.