Tranche I Term Loan definition

Tranche I Term Loan has the meaning given to it in the Recitals.

Tranche I Term Loan means a Loan made pursuant to Section 2.01(c), which may be an ABR Loan and/or a Eurocurrency Loan and is denominated in Dollars.

Tranche I Term Loan has the meaning assigned in Section 2.1(b)(i).

Examples of Tranche I Term Loan in a sentence

• Subject to and upon the terms and conditions of this Agreement, Bank agrees to make one term loan to Borrower in an aggregate principal amount not to exceed Two Million Two Hundred Fifty Thousand Dollars ($2,250,000) (the “Tranche IV Term Loan”, and together with the Tranche I Term Loan, the Tranche II Term Loan, and the Tranche III Term Loan, each a “Term Loan” and collectively, the “Term Loans”).

• Each payment (including prepayment) on account of any fee and any reduction of the Term Loan shall be made pro rata according to the aggregate Tranche I Term Loan Commitments and Tranche II Contingent Term Loan Commitments of the relevant Lender.

• The proceeds of the Tranche I Term Loan shall be used for general working capital purposes.

• Lender is willing to make the Tranche I Term Loan on the terms and conditions set forth in this Agreement, and, subject to and conditioned on Borrower’s achievement of each element of the Milestone in accordance with the definition thereof, Lender is willing to make the Tranche II Term Loan.

• Subject to the terms and conditions of this Agreement, Lender will severally (and not jointly) make in an amount not to exceed its respective Tranche I Term Loan Commitment, and Borrower agrees to draw, an initial Tranche I Term Loan Advance of $15,000,000 on the Closing Date.

More Definitions of Tranche I Term Loan

Tranche I Term Loan means the incremental term loan incurred by the Company on the Issue Date pursuant to the Existing Credit Facilities.

Tranche I Term Loan means a Loan made to the US Borrower in Euro on the Restatement Date pursuant to Section 4 of the Amendment Agreement. On the Restatement Date, the aggregate principal amount of the Tranche I Term Loans shall be €195,633,946.04.

Tranche I Term Loan has the meaning given to it in the Recitals. “Tranche I Term Loan Commitment” means as to any Lender, the obligation of such Lender, if any, to make a Tranche I Term Loan Advance to Borrower in a principal amount not to exceed the amount set forth under the heading “Tranche I Term Loan Commitment” opposite such Lender’s name on Schedule 1.1. “Tranche II Contingent Term Loan Commitment” means as to any Lender, the obligation of such Lender, if any, to make a Tranche II Term Loan Advance to Borrower in a principal amount not to exceed the amount set forth under the heading “Tranche II Contingent Term Loan Commitment” opposite such Lender’s name on Schedule 1.2. “Tranche II Term Loan” has the meaning given to it in the Recitals. “Tranche II Term Loan Advance” is defined in Section 2.1(a). “Tranche II Term Loan Advance Period” means the period commencing on the date that Borrower has achieved each element of the Milestone in accordance with the definition thereof, and on which Lender is obligated to make the Tranche II Term Loan pursuant to this Agreement, through and including March 15, 2017. “UCC” means the Uniform Commercial Code as the same is, from time to time, in effect in the State of California; provided, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of, or remedies with respect to, Agent’s Lien on any Collateral is governed by the Uniform Commercial Code as the same is, from time to time, in effect in a jurisdiction other than the State of California, then the term “UCC” shall mean the 10 Uniform Commercial Code as in effect, from time to time, in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority or remedies and for purposes of definitions related to such provisions. Unless otherwise specified, all references in this Agreement or any Annex or Schedule hereto to a “Section,” “subsection,” “Exhibit,” “Annex,” or “Schedule” shall refer to the corresponding Section, subsection, Exhibit, Annex, or Schedule in or to this Agreement. Unless otherwise specifically provided herein, any accounting term used in this Agreement or the other Loan Documents shall have the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed in accordance with GAAP, consistently applied. Unless otherwise defined herein or in the other Loan Documents, terms that are used herein ...

Tranche I Term Loan has the meaning assigned to such term in Section 2.01.

Tranche I Term Loan means a Loan made pursuant to the Second Amendment.

Tranche I Term Loan means a Loan made pursuant to the Fourth Amendment to the Second Amended and Restated Credit Agreement, dated as of July 26, 2016 among the Borrower, Holdings, the Administrative Agent and the Lenders party thereto.

Tranche I Term Loan shall have the meaning provided in Section 1.01(a).