Examples of Tranche D Advance in a sentence
Furthermore, notwithstanding the foregoing applications of Collections, all Collections arising from the sale, lease or other disposition of REO Property purchased or acquired with any Tranche D Advance shall be used first to repay the principal of the revolving credit portion of any such Tranche D Advance until the same is paid in full and then applied pursuant to clauses first through fourteenth of this Section 5(d).
The Tranche B Advance shall be converted into part of the Tranche D Advance by applying against the Tranche D Advance all outstanding principal and interest under the Tranche B Advance plus the Tranche B Final Payment.
In consideration for the issuance by Lender of the Letters of Credit, each of Guarantor and the Borrowers hereby authorize, empower and direct Lender to disburse directly to Lender, as a Tranche D Advance under this Agreement, an amount equal to the stated amount of each draft drawn under each Letter of Credit, plus all interest, costs, expenses and fees due to Lender pursuant to this Agreement or any other Loan Document.
Each Tranche D Advance is solely to fund the operation of Mango Israel.
If the Obligors' Agent fails to specify the duration of an Interest Period for any Tranche A Advance or Tranche D Advance the duration of that Interest Period shall be one month.