Tranche C Facility definition
Examples of Tranche C Facility in a sentence
Upon repayment of this Loan and the satisfaction by Borrower of all of the Obligations under this Loan, the Collateral shall continue to secure the Additional Credit Facility, the Inventory Loan and the Tranche C Facility, as provided in the documents evidencing and securing the Additional Credit Facility, the Inventory Loan and the Tranche C Facility.
Without limiting the generality of the foregoing, the Administrative Agent may require that (x) any payment by any Borrower due under this Agreement, other than any payment to be made in respect of the Tranche B Facility or the Tranche C Facility, be made in the United States, (y) any payments to be made by TCCI in respect of the Tranche B Facility be made in Canada and (z) any payment to be made by TFA in respect of the Tranche C Facility be made through the applicable Australian Sub-Agent’s Office.
The Collateral also secures the Obligations of Borrower under the Additional Credit Facility, the Inventory Loan, and the Tranche C Facility.
For the avoidance of doubt, the Tranche C Facility shall be the primary resource for the Company and its subsidiaries to use to satisfy any Transco Capital Call in respect of costs for the Expansion Project, and no Member shall be obligated to make any Capital Contribution in respect thereof unless sufficient funds are not available under the Tranche C Facility to satisfy such Transco Capital Call.
The Tranche C Borrowing shall consist of Tranche C Loans made simultaneously by the Tranche C Lenders in accordance with their respective Commitment Percentage of the Tranche C Facility.