Tranche C Funding Condition definition

Tranche C Funding Condition has the meaning set forth in the Loans Schedule.
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Tranche C Funding Condition means that (a) a Borrowing Notice with respect to the Tranche C Term Loans shall have been received by the Administrative Agent, (b) the Tranche C Funding Milestone shall have occurred and (c) the Applicable Funding Date with respect to the Tranche B Term Loans shall have occurred.
Sample 1
Tranche C Funding Condition means the occurrence of each of (i) [***], (ii) Net Sales exceeding $[***] during any consecutive twelve (12) month period, (iii) [***] and (iv) [***].
Sample 1

Related to Tranche C 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.

  • 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.

  • 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.