Tranche B Funding Condition definition

Tranche B Funding Condition has the meaning set forth in the Loans Schedule.
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Tranche B Funding Condition means that the Administrative Agent shall have received both (a) a Borrowing Notice with respect to the Tranche B Term Loans and (b) a certificate from a Responsible Officer of the Borrower, certifying and attaching supporting documentation showing that the Gross Sales for the twelve (12) consecutive month period ending on the last day of the last fiscal month prior to the Borrowing Notice with respect to the Tranche B Term Loans was greater than $145,000,000. Tranche C Term Loans Lenders and their respective Applicable Commitments: Lender Applicable Commitment Al-Rayyan Holding LLC $8,888,889.00 Oaktree Specialty Lending Corporation $1,691,796.00 Oaktree Strategic Credit Fund $1,689,323.00 Oaktree Diversified Income Fund Inc. $184,290.00 Oaktree LSL Holdings EURRC S.a.r.l. $2,106,169.00 Oaktree GCP Holdings II Sarl $84,203.00 Oaktree LSL (Non-Parallel) Holdings EURRC S.à x.x. $2,811,093.57 Xxxxxx 2022-1, Ltd. $526,540.00 Xxxxxx 2022-1, Ltd. $175,510.00 Xxxxx 2022-1, Ltd. $175,520.00 Oaktree Huntington Investment Fund II AIF (Debt Acquisition), L.P. $6,666,666.43 Tranche C Commitment $25,000,000.00 The following defined terms apply to the Tranche C Term Loans:3
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Tranche B Funding Condition means that the Administrative Agent shall have received satisfactory evidence that (i) TRIESENCE has become commercially available in the United States, (ii) the Novartis Milestone Payment has become due and payable in accordance with the terms of the Novartis Purchase Agreement and (iii) the proceeds of the Tranche B Term Loan shall be used to pay a portion of the Novartis Milestone Payment substantially concurrently with the borrowing on the Tranche B Term Loan on the Tranche B Funding Date.
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Examples of Tranche B Funding Condition in a sentence

  • The Tranche B Funding Condition shall have been satisfied as set forth on the Loans Schedule.


More Definitions of Tranche B Funding Condition

Tranche B Funding Condition means the occurrence of each of (i) [***], (ii) Net Sales exceeding $[***] during any consecutive twelve (12) month period, (iii) [***] and (iv) [***].
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Tranche B Funding Condition means that the Administrative Agent and the Lenders shall have received the Tranche B Condition Certificate certifying that Tranche B Funding Milestone has occurred.
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Tranche B Funding Condition means the occurrence of (i) Tranche A Funding Date, (ii) Net Sales in the United States exceeding $[***] during any trailing six (6) month period, (iii) no Default or Event of Default shall have occurred or be continuing, and (iv) no Material Adverse Effect shall have occurred or be continuing. “Tranche B Funding Date” shall have the meaning set forth in Section 2.05(c). “Tranche B Purchase Price” shall mean an amount equal to $250,000,000 minus the Tranche A Purchase Price. “Transaction Documents” shall mean, collectively, this Agreement, the Security Agreement, the Debenture, the Intercreditor Agreement, each Permitted First Lien Intercreditor Agreement, each Permitted Pari Passu Intercreditor Agreement, the Administrative Agent Fee Letter and any related ancillary documents or agreements (provided, for the avoidance of doubt, that any documents related to the Oaktree Term Loan Facility and any other Permitted Priority Debt other than the Intercreditor Agreement and any applicable Permitted First Lien Intercreditor Agreement or Permitted Pari Passu Intercreditor Agreement shall not be Transaction Documents). “UCC” shall mean, with respect to any applicable jurisdictions, the Uniform Commercial Code as in effect in such jurisdiction, as may be modified from time to time. “UCC Financing Statements” shall mean the UCC-1 financing statements, in form and substance reasonably satisfactory to the Administrative Agent and the Purchasers, that shall be filed by the Administrative Agent at or promptly following the Effective Date, as well as any additional UCC-1 financing statements or amendments thereto as reasonably requested from time to time, to perfect the Purchasers’ security interest in the Collateral (as defined in the Security Agreement) and the Back-Up Security Interest. “United States” or “U.S.” shall mean the United States of America (including the District of Columbia, its territories and Puerto Rico). “U.S. Licensing / Participation Proceeds” shall mean the portion of all license fees, commercial or sales-based milestone payments, up-front payments, or royalties (other than sales- based royalties) received by the Company or any of its Affiliates pursuant to any U.S. Licensing Agreements for the Product during the Payment Period. “U.S. Licensing / Participation Payment(s)” shall have the meaning set forth in Section 2.02(a). “U.S. Licensing / Participation Percentage” shall mean 6.50%. “U.S. Licensing Agreement” shall mean any license, commercializat...
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Related to Tranche B Funding Condition

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Initial Loan is defined in Section 2.1.

  • Initial Funding Date means the date on or after the Closing Date, on which all of the conditions described in Section 6.1 have been satisfied (or waived) in a manner satisfactory to the Administrative Agent and the Lenders and on which the initial Loans under this Agreement are made by the Lenders to the Borrower.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.