Tranche A Term Loan Borrowing Date definition
Examples of Tranche A Term Loan Borrowing Date in a sentence
On the Tranche A Term Loan Borrowing Date, the Borrower shall pay to the Administrative Agent out of the proceeds of the Tranche A Term Loan a non- refundable fee in the amount equal to 1.75% of the principal amount of the Tranche A Term Loan advanced by the Lenders on such date in excess of $15,000,000 (if any) (the “Tranche A Closing Fee”).
Each Lender’s Tranche A Term Loan Commitment shall terminate immediately and without further action on the Tranche A Term Loan Borrowing Date after giving effect to the funding of such Lender’s Tranche A Term Loan Commitment on such date.
The Borrowing Notice shall indicate the amount of the Tranche A Term Loan the Borrower elects to borrow on the proposed Tranche A Term Loan Borrowing Date.
Subject to the terms and conditions of this Agreement (including Section 6.01), the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Notice no later than 5 p.m. (New York City time) at least one (1) Business Day in advance of the proposed Tranche A Term Loan Borrowing Date.
Each Tranche A Term Loan Lender will make the amount of its pro rata share of such borrowing of Tranche A Term Loans available to the Administrative Agent for the account of the Borrower at the Funding Office prior to 1:00 P.M., Chicago time, on the Additional Tranche A Term Loan Borrowing Date in funds immediately available to the Administrative Agent.