Examples of Tranche D Commitment in a sentence
On the Second Restatement Date, (i) the Tranche D Commitments of each Lender shall be deemed cancelled in full and no Lender shall have any further obligation with respect to its Tranche D Commitment and (ii) Borrower shall repay in full the outstanding principal amount of the Tranche D Loan together with accrued and unpaid interest and fees thereon by making a cash payment to the Administrative Agent for the account of the Lenders (with each Lender receiving its Ratable Share of such payment).
The obligation of Borrower to repay the Prime Rate Loans and the LIBOR Loans made by each Tranche D Bank and to pay interest thereon shall be evidenced by a Tranche D Note of Borrower in the form of EXHIBIT F hereto, dated as of the Tranche D Closing Date, and payable to the order of such Tranche D Bank in the principal amount of its Tranche D Commitment, or, if less, the aggregate unpaid principal amount of Tranche D Loans made hereunder by such Bank.
As additional consideration for the obligation of each Lender to fund its Applicable Percentage of the Term Loans and the funding of its Applicable Percentage of the Term Loans pursuant to Section 2.2(a) and Section 3.7, on the Tranche A Closing Date, Borrower shall pay to each Lender an amount equal to the product of (i) the sum of such Lender’s Tranche A Commitment, Tranche B Commitment, Tranche C Commitment and Tranche D Commitment, multiplied by (ii) 0.02 (such product, the “Additional Consideration”).
Accrued commitment fee is also payable to the Facility Agent for a Lender on the date its Tranche D Commitment is cancelled in full.
Accrued letter of credit fee is also payable to the Facility Agent on the cancelled amount of any Lender’s Tranche D Commitment at the time the cancellation is effective if that Commitment is cancelled in full and its participation in the Letters of Credit is prepaid or repaid in full.