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.
While one might hope that more than one third of transfer students with disabilities would indicate some degree of satisfaction with their transition experience, the relatively low rate of dissatisfaction may be considered reassuring.
Each such Promissory Note shall specify whether it evidences a Tranche I Loan or a Tranche II Loan.
Interest The interest rate of the Tranche I Loan is 3.5% above the Singapore Interbank Money Market Offer Rate (“SIBOR”).
Such related projects consist of the development of residential and commercial uses within areas that already are developed with such uses.
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.
Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date in the case of the Tranche I Loan, and on each applicable Advance Date for the Tranche II Loan and Tranche III Loan, as the case may be.
The Tranche I Loan shall not exceed the amount of the Tranche I Commitment and the Tranche II Loan shall not exceed the amount of the Tranche II Commitment.
Promptly following the initial funding under the Tranche I Loan, Borrowers shall use their commercially reasonable efforts, and shall cause their Subsidiaries, to (i) obtain all the necessary consents required for Lender and Borrower to execute and record Leasehold Mortgages on each Borrower’s and each Subsidiary’s Leases, and (ii) to assist Lender in obtaining Control Agreements for each Borrower’s Deposit Accounts.