Tranche A2 Lender definition
Examples of Tranche A2 Lender in a sentence
The remainder of the Tranche A2 Commitment, if any, of each Tranche A2 Lender shall terminate immediately without further action on the Merger Date after giving effect to such Lender’s funding of its portion of the Tranche A2 Advances funded on the Merger Date.
An amount of the Tranche A2 Commitment of each Tranche A2 Lender equal to its pro rata portion of the amount of the Tranche A2 Advances funded on the Closing Date shall terminate immediately without further action on the Closing Date after giving effect to such Lender’s funding of its portion of such Tranche A2 Advances funded on the Closing Date.
Subject to the terms and conditions hereof, each Tranche A-2 Lender severally and not jointly agrees to make up to two (2) loans (each such loan, a “Tranche A-2 Loan”) to any of the Borrowers in Dollars from time to time on any Business Day during the Tranche A-2 Commitment Period in an aggregate amount not to exceed such Lender’s Tranche A-2 Commitment.
Subject to and upon the terms and conditions contained herein, each Tranche A-2 Lender severally (and not jointly) agrees to make Tranche A-2 Term Loans to Lead Borrower, on behalf of the Borrowers, on the Effective Date in the aggregate principal amount of $60,000,000.
Without prejudice to the right of any Tranche A-2 Lender to commence an action against a Borrower in respect of any unpaid amounts of interest on or principal of its Tranche A-2 Term Loan, no Tranche A-2 Lender or group of Tranche A-2 Lenders shall have the right to, or shall, instruct the Collateral Agent or the Administrative Agent to exercise any remedy provided for under this Agreement or the other Financing Documents.
An amount of the Tranche A2 Commitment of each Tranche A2 Lender equal to its pro rata portion of the amount of the Initial Tranche A2 Funding shall terminate immediately without further action on the Closing Date after giving effect to such Lender’s funding of its portion of the Initial Tranche A2 Funding on such date.
Subject to Section 18.3, each Tranche A-1 Lender, Tranche A-2 Lender, Tranche C Lender, Tranche D Lender and Tranche E Lender shall have a right to convert all or any portion of the Outstanding Obligations due to such Lender into Conversion Payment Shares on the Maturity Date applicable to such Lender’s Tranche A-1 Loans, Tranche A-2 Loans, Tranche C Loans, Tranche D Loans or Tranche E Loans, as applicable (such Maturity Date, a “Maturity Conversion Date”).
Each Tranche A-2 Lender acknowledges that the Revolving Lenders and the Tranche A-1 Lenders may direct the Administrative Agent and the Collateral Agent to take or refrain from taking any action provided for under this Agreement or the other Financing Documents in a manner contrary to the interests of such Tranche A-2 Lender.
The remainder of the Tranche A2 Commitment of each Tranche A2 Lender shall terminate immediately without further action on the Merger Date after giving effect to such Lender’s funding of its portion of the Subsequent Tranche A2 Funding on such date.
Any such reduction will be applied to the Tranche A-2 Commitments of each Tranche A-2 Lender according to its Tranche A-2 Applicable Percentage.