Examples of Tranche B Term Loan Borrowing in a sentence
The consolidated Product Revenue of the Borrower and its Subsidiaries for the period of four (4) consecutive fiscal quarters ended on the last day of the fiscal quarter before the proposed Tranche B Term Loan Borrowing Date shall be not less than $47,000,000.
The Lender shall have received the executed Tranche B Warrant, dated as of the Tranche B Term Loan Borrowing Date, in form and substance reasonably acceptable to the Lender and substantially in the form of the Tranche A Warrant (other than with respect to the amount of shares and exercise period thereof).
Conditions to Tranche B Term Loan; Borrowing Date 42 Section 6.03.
The borrowing of the Term Loans shall constitute a certification by the Borrower to the effect that the conditions set forth in Section 6.01 and 6.02, as applicable, have been fulfilled as of the Closing Date or the Tranche B Term Loan Borrowing Date, as applicable.
Any prepayment of a Series B Tranche B Term Loan Borrowing pursuant to Section 2.11(a) of the Credit Agreement shall be applied to reduce scheduled repayment amounts of the Series B Tranche B Term Loans as directed by the Borrower.
The Administrative Agent shall have received a Tranche B Term Loan Borrowing Notice in accordance with Section 2.01(b)(iii) requesting the Borrowing of the Tranche B Term Loan duly executed by a Responsible Officer of the Administrative Borrower, in form and substance reasonably satisfactory to the Administrative Agent.
The aggregate principal amount of the Tranche A Term Loan Borrowing and the Tranche B Term Loan Borrowing shall be the full amount permitted to be funded hereunder on the date of each such Borrowing.
Each of Schedules 1 through 8 may be updated by Grantors from time to time to insure the continued accuracy of the representations and warranties set forth in this Section 2 to be made on the Tranche B Term Loan Borrowing Date, by Borrower providing notice (attaching an amended and restated version of such Schedule) in accordance with Section 13.02 of the Credit Agreement.
The obligation of each Lender to make the Tranche B Term Loan on the Tranche B Term Loan Borrowing Date shall be subject to the delivery of a Borrowing Notice as required pursuant to Section 2.01(b) and the prior or concurrent satisfaction (or waiver thereof by the Administrative Agent) of each of the conditions precedent set forth below in this Section 6.02.
In order to request a Borrowing, the Borrower shall notify the Administrative Agent of such request (a) in the case of Eurodollar Loans, not later than 12:00 noon, New York City time (x) with respect to a Tranche B Term Loan Borrowing, on the Closing Date and (y) with respect to any Incremental Term Loan Borrowing, three Business Days before the proposed Borrowing Date and (b) in the case of Base Rate Loans, not later than 12:00 noon, New York City time, on the proposed Borrowing Date.