Examples of Tranche C1 in a sentence
NCI completed the drawdown of Term Loan 40 (Tranche A, Tranche B-1, Tranche B-2, Tranche C-1, Tranche C-2 and Tranche D) on September 27, 2010, and has scheduled the drawdown of Term Loan 40 (Tranche E) for October 29, 2010, Term Loan 40 (Tranche F) for November 29, 2010 and Term Loan 40 (Tranche G) for November 30, 2010.
The proceeds of the Tranche C-1 Delayed Draw A Term Loans will be used to finance the PIK Preferred Stock Redemption on the redemption date set forth in the PIK Preferred Redemption Notice, which date shall be no later than the fifth business day (as defined in Article III of the U.S. Borrower’s certificate of designations governing the PIK Preferred Stock) after the Amendment and Restatement Effective Date.
French Tranche C1 Term Loans repaid or prepaid may not be reborrowed.
Borrowings of more than one Type and under more than one Facility may be outstanding at the same time; provided that there shall not at any time be more than a total of (i) 10 Eurocurrency Borrowings outstanding under each of the Tranche A Facility, the Tranche C-1 Facility and the Tranche C-2 Facility and (ii) 35 Eurocurrency Borrowings outstanding under each of the Global Revolving Facility and the U.S. Revolving Facility (not including Ancillary Replacement Borrowings).
Borrowings of more than one Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of (i) ten Eurocurrency Borrowings outstanding under each of the Tranche C-1 Term Loans, the Tranche C-2 Term Loans, the Tranche C-4 Term Loans or any Other Term Loans and (ii) ten Eurocurrency Borrowings outstanding under each of the European Tranche, the Canadian Tranche, the U.S. Tranche or any Other Revolving Facility Loans.
The Tranche C-1 Term Loans shall be made on the Restatement Effective Date as ABR Borrowings.
Such Tranche C-1 Closing Fee will be in all respects fully earned, due and payable on the Amendment No. 3 Effective Date and non-refundable and non-creditable thereafter and such Tranche C-1 Closing Fee shall be netted against the Tranche C-1 Term Loans made by such Lender.
For the avoidance of doubt, the Tranche C-1 Term Loans and Tranche C-2 Term Loans shall continue to constitute, and shall be part of the same “Facility” and “Class” as, the Initial Term Loans and each other, and the Tranche C-1 Term Lenders and the Tranche C-2 Term Lenders shall continue to constitute, and shall be part of the same “Class” as, the Lenders holding the Initial Term Loans.
All Revolving Loans, Tranche C-1 Term Loans and Tranche C-2 Term Loans outstanding, and all Tranche C-3 Credit Linked Deposits funded, under the May 2006 Credit Agreement on and as of the Amendment Effective Date shall remain outstanding or funded, as applicable, hereunder on the terms set forth herein, except as otherwise provided herein.
The parties hereto acknowledge that the Tranche A Commitments terminated at 5 p.m. New York City time on the Closing Date and the Tranche C-1 Term Loan Commitments and the Tranche C-2 Term Loan Commitments shall terminate at 5:00 p.m., New York City time, on the Restatement Effective Date.