Examples of Tranche E Closing Date in a sentence
On the Tranche E Closing Date, the Issuer shall promptly deliver to Purchaser’s counsel, in trust, the Tranche E Debenture, registered in the name of the Purchaser, with instructions that such Tranche E Debenture is to be held in escrow for release to the Purchaser only upon payment of the Tranche E Subscription Amount to the Issuer, and confirmation of receipt of such payments by the Issuer.
On the Tranche E Closing Date, provided the conditions set out below in subsections (a) to (p) in this Section 4.7 have been fulfilled by the Issuer and the Company or waived in writing by the Purchaser, the Purchaser shall promptly initiate and cause a wire transfer in same day funds to be sent to the account of the Issuer, as instructed in writing by the Issuer, in an amount equal to the Tranche E Subscription Amount.
On the date that the Issuer confirms to the Purchaser’s counsel that such funds have been received (which shall occur promptly following receipt of the Tranche E Subscription Amount), the Tranche E Debenture shall be released to the Purchaser (and the date of receipt of such funds shall be deemed the Tranche E Closing Date).
Borrower shall issue, execute and deliver to each Lender to evidence such Lender’s Term Loan, (i) on the Tranche A Closing Date, a Tranche A Term Loan Note, (ii) on the Tranche B Closing Date, a Tranche B Term Loan Note, (iii) on the Tranche C Closing Date, a Tranche C Term Loan Note, (iv) on the Tranche D Closing Date, a Tranche D Term Loan Note, (v) on the Tranche E Closing Date, a Tranche E Term Loan Note, and (vi) on the Tranche F Closing Date, a Tranche F Term Loan Note.
Beginning on the first day of the month following the Tranche E Closing Date, Borrower, shall repay the Tranche E Loan in monthly payments over a period of five years, with interest only during the twelve calendar months immediately following the Tranche E Loan Closing Date at the rate set forth in Section 2.06 (c) of this Agreement, and equal payments of principal and interest thereafter, in accordance with the repayment schedule attached hereto as Schedule 2.03(e), and made a part hereof.