Examples of Tranche A Term Commitments in a sentence
The Tranche A Term Commitments expired at 5:00 p.m. New York City time on the Effective Date, and amounts paid or prepaid in respect of Tranche A Term Loans may not be reborrowed.
Any such partial reduction shall be in an amount equal to $1,000,000, or a whole multiple of $500,000 in excess thereof, and shall reduce permanently the Revolving Commitments or the 2018 Delayed Draw Tranche A Term Commitments, as applicable, then in effect.
Any unutilized Tranche A Term Commitments shall automatically terminate on the Tranche A Commitment Termination Date.
Cadence Bank, N.A. Capital One Bank Woodforest National Bank Trustmark National Bank Amalgamated Bank Camden National Bank Stifel Bank & Trust Total Tranche A Term Commitments Lender Commitment Bank of America, N.A. KeyBank National Association SunTrust Bank Citizens Bank, N.A. Compass Bank Xxxxx Fargo Bank, X.X. Xxxxxxx Xxxxx Bank, X.X. Xxxxxx Xxxxxxx Senior Funding, Inc.
When an investor is comparing ratings, they are comparing symbols along a scale, so actually they are comparing scales, in much the same way as there are two temperature scales – Fahrenheit and Celsius.The approach described here, for clarity we call it the Karminsky method, relies on the assumption that the credit (financial) risk of a single entity is the same when measured by different rating agencies.
Any such cancellation shall reduce the Available Tranche A Term Commitments and, as the case may be, the Available Revolving Commitments of the Banks rateably.
Unless previously terminated, (i) the Tranche A Term Commitments shall terminate and be automatically and permanently reduced to $0 upon the funding of the Tranche A Term Loans on the Restatement Effective Date, (ii) the Tranche B Term Commitments shall terminate and be automatically and permanently reduced to $0 upon the funding of the Tranche B Term Loans on the Restatement Effective Date and (iii) the Revolving Commitments shall terminate on the Revolving Maturity Date.
Each reduction of the Revolving Commitments shall be made ratably among the Revolving Lenders in accordance with their respective Revolving Commitments and each reduction of the Tranche A Term Commitments shall be made ratably among the Tranche A Term Lenders in accordance with their respective Tranche A Term Commitment.
To the extent not previously terminated, all unused Tranche A Term Commitments hereunder shall terminate on the earlier of (i) the Closing Date (after giving effect to the Loans made on such date) and (ii) 11:59 p.m. (New York City time) on the date that is five Business Days after the Outside Date (as defined in and determined in accordance with the terms of the Merger Agreement as in effect on December 13, 2021).
All Borrowings of Loans under this ------------------- Agreement shall be made by the Lenders pro rata on the basis of their --- ---- Initial Tranche A Term Commitments, Additional Tranche A Term Commitments, Initial Tranche B Term Commitments, Additional Tranche B Term Commitments or Revolving Commitments, as the case may be.