Examples of Tranche B-5 Term Loans in a sentence
These sections will specifically map the institutional personality and governance role of the IPCC by paying close attention to its organisation, functions, and knowledge practices and develop a typology of the different forms of authority that it exercises.
The Borrower shall repay to the Administrative Agent on the Amendment No. 5 Effective Date for the ratable account of the Amendment No. 5 Non-Converting Lenders an amount equal to the net proceeds of the Borrowings of Additional Tranche B-4 Term Loans and Additional Tranche B-5 Term Loans on the Amendment No. 5 Effective Date and such payment shall be applied to the Tranche B-2 Term Loans held by Amendment No. 5 Non-Converting Lenders on a pro rata basis among such Amendment No. 5 Non-Converting Lenders.
The proceeds of the Tranche B-7 Term Loans shall be utilized on the Tranche B-7 Refinancing Amendment Effective Date to refinance in full the Existing Tranche B-5 Term Loans and to pay related fees and expenses.
The parties acknowledge that each of the Initial Term Loans, Tranche B-1 Term Loans, Tranche B-2 Term Loans, Tranche B-3 Term Loans, Tranche B-4 Term Loans, Tranche B-5 Term Loans and Tranche B-6 Term Loans may be referred to as “Tranche B-6 Loans” solely for administrative and operational purposes of the Administrative Agent, and that such references shall not affect the rights or obligations of the Borrower under the Credit Agreement and the Term Notes.
In 2Q17, Net interest income from our business segments (Client NII) increased 3.0% QoQ and 11.4% YoY.
The above-mentioned Extending Term Lender hereby irrevocably and unconditionally (i) consents to this Amendment and (ii) agrees that it will extend, exchange and convert all, but not less than all, of the principal amount of its Tranche B-5 Term Loans into Tranche B-6 Term Loans (or the principal amount of Tranche B-6 Term Loans allocated by the Joint Lead Arrangers (with the Borrower’s consent)) pursuant to this Amendment.
Except as set forth in this Amendment No. 8, (i) the Tranche B-7 Term Loans shall have identical terms as the Tranche B-5 Term Loans and Tranche B-6 Term Loans and shall otherwise be subject to the provisions of the Credit Agreement, and (ii) the Euro Tranche C-6 Term Loans shall have identical terms as the Euro Tranche C-4 Term Loans and Euro Tranche C-5 Term Loans and shall otherwise be subject to the provisions of the Credit Agreement.
By executing this Lender Addendum as a Continuing Tranche B-7 Lender, the undersigned institution agrees (A) to the terms of the Refinancing Amendment and the Credit Agreement as amended thereby and (B) on the terms and subject to the conditions set forth in the Refinancing Amendment and the Credit Agreement as amended thereby, to continue all of its Existing Tranche B-5 Term Loans (or such lesser amount as the Lead Arranger may allocate) as Continued Tranche B-7 Term Loans on the Amendment Effective Date.
Allowed in the amount equal to: (i) full outstanding principal amount; (ii) any accrued and unpaid interest on the principal amount through the Effective Date at the non-default contractual rate applicable to ABR Loans (in the case of Tranche B-3 Term Loans and Tranche B-4 Term Loans) and applicable to Fixed Rate Loans (in the case of Tranche B-5 Term Loans); and (iii) 90% of the accrued default interest through the Effective Date on the ABR Loans and Fixed Rate Loans.
For U.S. federal income tax purposes, the parties hereto intend to treat (a) all of the Tranche B-6 Term Loans (whether issued for cash or issued in exchange for Tranche B-3 Term Loans or Tranche B-5 Term Loans) as one fungible tranche, and (b) all of the Euro Tranche B-1 Term Loans (whether issued for cash or issued in exchange for Euro Tranche B Term Loans, Tranche B-3 Term Loans or Tranche B-5 Term Loans) as one fungible tranche.