Tranche B Borrowing Date definition
Examples of Tranche B Borrowing Date in a sentence
A certificate, dated as of the Tranche B Borrowing Date and signed by a Responsible Officer of the Borrower, confirming compliance with the conditions set forth in subsections (c), (d) and (f) of this Section 6.03.
The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower has (i) achieved Net Revenue of at least $43,600,000 for any twelve (12) consecutive month period prior to the Tranche B Borrowing Date and (ii) received aggregate cash proceeds of at least $27,500,000 from the sale or issuance of Equity Interests of the Borrower prior to the Tranche B Borrowing Date.
If applicable, FINRA shall have raised no objection to the terms of this offering and the amount of compensation allowable or payable to Aegis as described in the Prospectus.
The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower has achieved Net Revenue of at least $65,000,000 for any twelve (12) consecutive month period prior to the Tranche B Borrowing Date.
If and to the extent any Tranche B Bank shall not have made its full amount available to the Administrative Agent in immediately available funds and the Administrative Agent in such circumstances has made available to a Borrower such amount, that Tranche B Bank shall on the Business Day following such Tranche B Borrowing Date make such amount available to the Administrative Agent, together with interest at the Federal Funds Rate for each day during such period.
Except as provided in subsection (e) above, as of the Tranche B Borrowing Date, no Material Adverse Change shall have occurred, to the reasonable satisfaction of the Lenders or the Agent, as applicable.
Each Notice of Tranche B Borrowing submitted hereunder shall constitute a representation and warranty by the applicable Borrower hereunder, as of the date of each such notice and as of each Tranche B Borrowing Date, that the conditions in Section 4.2(b) are satisfied.
That as of the Tranche B Borrowing Date, the Loan does not violate any applicable law, regulation, circular letter, arbitration award, court order, or legal provision, and that there is no proceeding, judgment and/or resolution issued by any Governmental Authority that is not subject to appeal, or that in any way restricts performance of the obligations of the Lenders or of the Agent, as applicable, or of the Co-Borrowers under this Agreement.
All of the conditions specified in Section 4A shall exist as of the Tranche B Borrowing Date (except to the extent that any of such conditions are required to be satisfactory to or determined by the Lender except to the extent waived by the Lender).
The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Obligors have achieved Core Product Revenue of at least $215,000,000 for any twelve (12) consecutive month period prior to the Tranche B Borrowing Date.