Tranche C Obligations definition
Examples of Tranche C Obligations in a sentence
Each of the holders of the Initial Tranche C Obligations agrees, for the benefit of the Banks holding Non-Initial Tranche C Obligations, to take such further action and shall execute and deliver to the Administrative Agent, the Collateral Agent and the Banks such additional documents and instruments (in recordable form, if requested) as the Administrative Agent, the Collateral Agent or the Banks may reasonably request to effectuate the terms of, and the priorities established by, this Section 15.
The Aggregate Commitment with respect -------------------------- to Tranche C Obligations shall expire on the Termination Date.
In no event shall the holders of the Senior Obligations be liable to any of the Tranche C Lenders or any other holders of the Tranche C Obligations for any failure to prove the Tranche C Obligations, to exercise any right with respect thereto or to collect any sums payable thereon.
Each of the Tranche C Lenders represents that the Tranche C Lenders are the sole holders of the Tranche C Obligations and, except upon satisfaction of the conditions set forth in Section 13.5 hereof, shall not assign, participate or transfer all or any part of the Tranche C Obligations or any interest therein until the Senior Obligations are repaid in full in cash or otherwise satisfied to the satisfaction of the Senior Credit Parties and the Senior Commitments are terminated.
The Commitment of each Lender that declines to extend with respect to the Tranche C Obligations or the Tranche D Obligations may, at the option of the Company, be replaced in accordance with Section 12.3 (but only to the extent a replacement ------------ Lender is then available) or the Aggregate Commitment reduced.