Tranche A Term Date definition
Examples of Tranche A Term Date in a sentence
Subject to paragraph (b) below, no Tranche A Advance may be outstanding after the Tranche A Term Date.
A Advance, other than a Term-out Advance, may be outstanding after the Tranche A Term Date.
No Tranche A ▇▇▇▇ may be outstanding after the Tranche A Term Date and no Tranche B ▇▇▇▇ may be outstanding after the Tranche B Final Maturity Date.
The Tranche A Term Date for any Lender may not extend beyond the Final Maturity Date.
Accrued utilisation fee is also payable to the Agent for the relevant Lenders on the Tranche A Term Date (or the Maturity Date of the Term-out Advances, if the Tranche A Term-out Option is exercised) and the Final Maturity Date.
No Term-out Advance may be outstanding after the date falling on the anniversary of the Tranche A Term Date.
If no notice is received by the Agent from a Bank by the date falling 21 days prior to the original Tranche A Term Date, the availability of such Bank's Tranche A Commitment shall not be extended.
The Parent shall pay to the Agent (for the account of each Lender which agrees to extend its Tranche A Term Date pro rata to its proportion of the Tranche A Commitments which are simultaneously extended) an extension fee in such amount and at such time as is then agreed.
If no notice is received by the Agent from a Lender by the date falling 15 days prior to the relevant Tranche A Term Date, the availability of such Lender's Tranche A Commitment shall not be extended.
On the Tranche A Term Date the Borrower shall repay the Tranche A Loans.