Tranche A Funding Condition has the meaning set forth in the Loans Schedule.
Tranche A Funding Condition means the occurrence of each of (i) Ensifentrine Approval by September 30, 2024, (ii) the actual funding of the Tranche B Term Loans (as defined in the Oaktree Term Loan Facility) and (iii) no Default, Event of Default, or Material Adverse Effect shall have occurred or be continuing. For the avoidance of doubt, the Tranche A Funding Conditions shall solely apply to funding and activities in connection with Tranche A and shall not apply with respect to Tranche B or any other event hereunder. “Tranche A Funding Date” shall have the meaning set forth in Section 2.05(c). “Tranche A Funding Event of Default” shall have the meaning set forth in Section 2.05(b)(ii). “Tranche A Purchase Price” shall mean $100,000,000. “Tranche B” shall mean a funding in the amount of the Tranche B Purchase Price.
Tranche A Funding Condition means that a Borrowing Notice with respect to the Tranche A Term Loans shall have been received by the Administrative Agent. Tranche B Term Loans Lenders and their respective Applicable Commitments:2 Lender Applicable Commitment Al-Rayyan Holding LLC $8,888,889.00 Oaktree Specialty Lending Corporation $1,691,796.00 Oaktree Strategic Credit Fund $1,689,323.00 Oaktree Diversified Income Fund Inc. $184,290.00 Oaktree LSL Holdings EURRC Sarl $2,106,169.00 Oaktree GCP Holdings II Sarl $84,203.00 Oaktree LSL Fund Holdings EURRC S.à x.x. $2,811,093.57 Xxxxxx 2022-1, Ltd. $526,540.00 Xxxxxx 2022-1, Ltd. $175,510.00 Xxxxx 2022-1, Ltd. $175,520.00 Oaktree Huntington Investment Fund II AIF (Debt Acquisition), L.P. $6,666,666.43 Tranche B Commitment $25,000,000.00 1 Commitments as of the Applicable Funding Date for the Tranche A Term Loans. 2 Commitments as of the Applicable Funding Date for the Tranche B Term Loans. 0000-0000-0000 v.5 The following defined terms apply to the Tranche B Term Loans:
Examples of Tranche A Funding Condition in a sentence
The funding of Tranche A shall not be optional and the Company shall be obligated to request the Tranche A funding within three (3) Business Days of the satisfaction of the Tranche A Funding Condition.
More Definitions of Tranche A Funding Condition
Tranche A Funding Condition means the occurrence of each of (i) BXCL 501 FDA Approval, (ii) the funding date of the Tranche A Term Loans (as defined in the Oaktree Term Loan Facility), and (iii) June 30, 2022.
Tranche A Funding Condition means that that a Borrowing Notice with respect to the Tranche A Term Loans shall have been received by the Administrative Agent.