Examples of Tranche I Loan in a sentence
Notwithstanding any other term of this Agreement, Borrower shall have no obligation to accrue or pay Interest or any other interest to Borrower on or related to the Tranche I Loan at any time.
Disbursements of the Tranche I Loan shall be charged and funded under Note A.
Each such Promissory Note shall specify whether it evidences a Tranche I Loan or a Tranche II Loan.
Notwithstanding anything in this agreement to the contrary, no further disbursements of the Tranche I Loan shall be made following December 31, 2000.
The aggregate principal amount of the Tranche I Loan shall not under any circumstances exceed the Tranche I Loan Amount.
Interest The interest rate of the Tranche I Loan is 3.5% above the Singapore Interbank Money Market Offer Rate (“SIBOR”).
Subject to the terms and conditions of this Agreement, the Lender shall make a single advance to the Borrowers on the date of this Agreement in the maximum amount of $10,000,000 (the "Tranche I Loan") to fund the development of the LE's current portfolio of Native American gaming projects and to be used by the Borrowers for their general operational liquidity.
The Disbursement of the Tranche I Loan and the first Disbursement of the Tranche II Loan shall be made no later than the first anniversary of the date of this Agreement.
The Tranche I Loan shall be evidenced by a promissory note in the form of Exhibit J-1 hereto ("Note A").
All Fixed Rate Notes in respect of the Tranche I Loan shall be issued for a term ending on or before the Tranche I Maturity Date.