Tranche C Termination Date definition
Examples of Tranche C Termination Date in a sentence
Accrued and unpaid interest on each Advance shall be payable monthly on each Payment Date and on the Tranche A Termination Date, Tranche B Termination Date, Tranche C Termination Date, or Tranche D Termination Date, as applicable, except that interest payable at the applicable Post-Default Rate shall accrue daily and shall be payable promptly upon demand.
Notwithstanding anything to the contrary contained in this Agreement, from and after the Tranche C Termination Date the Borrower shall immediately repay, as a set-off by GM in accordance with Section 2.07, an amount equal to the lesser of (x) the Tranche B Obligations outstanding hereunder on such date and (y) any amounts due and payable by GM or its Affiliates to or for the credit or the account of the Borrower or any Guarantor under such agreements on such date.
From time to time prior to the Tranche C Termination Date, the Tranche C Banks severally agree, on the terms and conditions set forth in this Agreement, to make loans to the Borrower in either Australian Dollars or New Zealand Dollars pursuant to this subsection from time to time, by subscribing for Loan Notes as hereinafter set forth; provided that the Tranche C Outstandings may not at any time exceed the Tranche C Commitments (without prejudice to the prepayment provisions of Section 2.17(c)).
The Tranche C Commitment shall terminate immediately and without further action on the Tranche C Termination Date.
Beginning on the initial Payment Date and continuing on each Payment Date thereafter through and including the Tranche C Termination Date (as such terms are defined in the Forbearance Agreement) Borrower shall pay interest and the Principal Sum in the amounts, at the times and in the manner set forth in the Forbearance Agreement.