Examples of Tranche A Commitment Amount in a sentence
Each Prospective Bank that accepts the Borrower’s offer to extend a Tranche A Commitment Amount and/or Tranche B Commitment Amount shall become a party to this Agreement on such date or dates as may be mutually satisfactory to such Prospective Bank, the Borrowers and the Administrative Agent, subject to the Administrative Agent’s receipt of a duly completed and executed Accession Agreement substantially in the form of Exhibit H hereto.
During processing, ownership remains with the customers and the Company is engaged to perform processing services.
The Administrative Agent shall give prompt notice to each Bank of (A) any increase in any Bank’s Tranche A Commitment Amount and/or Tranche B Commitment Amount and (B) the Commitment of any additional Bank, in each case under this Section 2.17.
The Tranche A Commitment Amount will be fully reinstated prior to any reinstatement of the Tranche B Commitment.
The Borrowers agree to pay to the Administrative Agent for the account of each Tranche A Lender a commitment fee at a per annum rate equal to the Commitment Fee Rate on the daily Unused Tranche A Commitment Amount of such Tranche A Lender, from the date of this Agreement until the Tranche A Commitment Termination Date.