Examples of Tranche B Term Advance in a sentence
A Term Advance or a Tranche B Term Advance is irrevocable and must be delivered to the Lender by the Borrower not later than 2 Business Days before the commencement of the relevant Interest Period.
Each mandatory prepayment of a Tranche B Term Advance required by Section 2.6(c) shall be applied to the scheduled principal installments of the Tranche B Term Advances (including the installment of Tranche B Term Advances due on the Maturity Date) in the inverse order of maturity until such time as the Tranche B Term Advances are repaid in full.
Each Tranche B Term Lender severally agrees, on the term and conditions hereinafter set forth, to make a single advance (a "Tranche B Term Advance") to the Borrower on the date hereof in an amount not to exceed such Lender's Tranche B Term Commitment at such time.
Each Tranche B Term Lender severally --------------------------- agrees, on the terms and conditions hereinafter set forth, to make a single advance (a "Tranche B Term Advance") to the Borrower on the Effective Date in an amount not to exceed such Lender's Tranche B Term Commitment at such time.
Each Tranche B Term Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a "Tranche B Term Advance") to the Borrowers on the Effective Date in an amount not to exceed such Lender's Tranche B Term Commitment at such time.
Each Utilisation of a Tranche B Term Advance will be applied in or towards financing or refinancing the acquisition of the Preference Shares pursuant to the Preference Share Offer.
The Obligors' Agent may deliver a notice to the Facility Agent specifying the length of the Interest Period applicable to the Tranche B Term Advance made available pursuant to Clause 8.2.2 on the Conversion Date, provided that such notice is received by the Facility Agent no later than four Business Days prior to the Conversion Date, and in the absence of such notice, the Interest Period shall be three months.
No Borrower may re-borrow any Tranche A Term Advance or, as the case may be, any Tranche B Term Advance repaid or prepaid.
Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each a "Tranche B Term Advance") to the Borrower from time to time on any Business Day during the period from the date hereof until the Tranche B Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Tranche B Term Commitment on such Business Day.
Subject to the terms and conditions hereof, each Tranche B Term Lender with a Tranche C Term Commitment severally agrees to exchange its Tranche B Term Advance for a like principal amount in Dollars of Tranche C Term Advances on the Amendment No. 7 Effective Date, and from and after the Amendment No. 7 Effective Date such Tranche B Term Advance shall be deemed refinanced in full and such Tranche C Term Advances shall be deemed made hereunder.