Examples of Tranche E Loans in a sentence
Tranche E Loans repaid or prepaid may not be reborrowed hereunder.
After maturity, and at any time an Event of Default exists, accrued interest on all Tranche E Loans shall be payable on demand.
Each such notice will be effective upon receipt by Administrative Agent, will be irrevocable, and must specify the proposed Closing Date (which date shall be a Business Day prior to the Termination Date), or with respect to the borrowing of Tranche E Loans, the proposed Amendment No. 1 Effective Date, and amount of the requested borrowing.
Subject to Section 18.3, each Tranche A-1 Lender, Tranche A-2 Lender, Tranche C Lender, Tranche D Lender and Tranche E Lender shall have a right to convert all or any portion of the Outstanding Obligations due to such Lender into Conversion Payment Shares on the Maturity Date applicable to such Lender’s Tranche A-1 Loans, Tranche A-2 Loans, Tranche C Loans, Tranche D Loans or Tranche E Loans, as applicable (such Maturity Date, a “Maturity Conversion Date”).
Amounts borrowed under this Section 2.2(bbbb) (including the Tranche E Loans made pursuant to the Existing Credit Agreement and continued hereunder) and repaid or prepaid may not be reborrowed.
The Borrower shall repay the entire outstanding principal amount of, and all accrued but unpaid interest on, (i) the Revolving Loans on the Revolver Maturity Date, (ii) the Tranche B Loans on the Tranche B Maturity Date, (iii) the Tranche C Loans on the Tranche C Maturity Date, (iv) the Tranche D Loans on the Tranche D Maturity Date, and (v) the Tranche E Loans on the Tranche E Maturity Date.
Except as otherwise agreed in a Funds Flow Memorandum, after the Administrative Agent’s receipt of the proceeds of the applicable Loans from the Lenders, the Administrative Agent shall make the proceeds of those Loans available to the applicable Borrower on the Closing Date (or with respect to a borrowing of Tranche E Loans, on the Amendment No. 1 Effective Date) by transferring to the applicable Borrower immediately available funds equal to the proceeds received by the Administrative Agent.
All Tranche E Loans shall bear interest at the ------------- Applicable Corporate Rate, unless the Companies elect to have a Tranche E Loan bear interest at (i) the Applicable Eurodollar Rate as permitted herein or (ii) an interest rate established pursuant to Paragraph 7(u) below.
For the avoidance of doubt, the Tranche B Loans shall be evidenced by the Tranche B Notes, the Tranche C Loans shall be evidenced by the Tranche C Notes, the Tranche D Loans shall be evidenced by the Tranche D Notes and the Tranche E Loans shall be evidenced by the Tranche E Notes.
The Tranche E Borrowing shall consist of Tranche E Loans made (or continued hereunder) simultaneously by the Tranche E Lenders in accordance with their respective Commitment Percentage of the Tranche E Facility.