Examples of Tranche B in a sentence
With respect to the Tranche B Term Loans, the Tranche B Funding Condition shall have been satisfied as set forth on the Loans Schedule.
Each party hereto hereby acknowledges and agrees that the Tranche A Term Loans and the Tranche B Term Loans are part of an investment unit within the meaning of Section 1273(c)(2) of the Code, which includes the Warrants.
Under no circumstances shall PubCo be obligated to effect, (i) with respect to any Tranche A Registrable Securities, more than an aggregate of one (1) Registration pursuant to a Demand Registration under this subsection 2.1.1, and (ii) with respect to any Tranche B Registrable Securities, more than an aggregate of one (1) Registration pursuant to a Demand Registration under this subsection 2.1.1.
Each Borrowing of Tranche B Term Loans shall be in a principal amount of not less than $5,000,000 (or such lower amount as the Administrative Agent may agree in its sole discretion).
The Borrower shall have the right at any time or from time to time to terminate in full (but not in part) all of the then outstanding Applicable Commitments with respect to the Tranche B Term Loans; provided that the Borrower shall give the Lender and the Administrative Agent at least three (3) Business Days’ notice of each such termination.