Examples of Tranche C Term Commitment in a sentence
Each Term Lender’s Tranche C Term Commitment shall terminate immediately and without any further action upon the making of such Term Loan by such Term Lender or, if earlier, upon the earliest to occur of (x) 5:00 p.m., (New York time) on the Tranche C Commitment Termination Date (the “Tranche C Funding Deadline”), (y) the Tranche A Funding Deadline if the Effective Date has not occurred by such time and (z) the Tranche B Funding Deadline if the Tranche B Funding Date has not occurred by such time.
By executing a Lender Consent Letter, each Person providing a Tranche C Term Commitment shall be deemed to have become a Lender (if not already so deemed) for all purposes hereof.
The Borrowing of such Term Loans shall be allocated in accordance with each Term Lender’s Tranche C Term Commitment.
Within 5 Business Days of any borrowing of Tranche C Term Loans, the Administrative Agent shall deliver to each Tranche C Term Lender, an amortization schedule substantially in the form of subsection 4.3(a) and a revised Schedule 1.1 reflecting the Tranche C Term Commitment of each Tranche C Term Lender.
The U.S. Borrower agrees to pay on the Tranche C Closing Date to each Tranche C Lender, as fee compensation for the funding of such Tranche C Lender’s Tranche C Term Loan, a closing fee (the “Tranche C Closing Fee”) in an amount equal to 9.0% of the stated principal amount of such Tranche C Term Lender’s Tranche C Term Commitment.