Tranche II Advance definition

Tranche II Advance has the meaning set forth in Section 2.1(a)(ii).
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Tranche II Advance means an Advance made pursuant to Section 2.01(b).
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Tranche II Advance. 2.1(a)(ii)
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Examples of Tranche II Advance in a sentence

  • Upon the making of any Tranche II Advance by a Lender, such Lender’s Tranche II Commitment shall be permanently reduced by an amount equal to such Tranche II Advance and any Tranche II Commitment not drawn on the Tranche II Closing Date shall terminate.

  • After repayment, no Tranche II Advance (or any portion thereof) may be reborrowed.

  • With respect to any Advance pursuant to Tranche IIIthe Tranche II Advance and the Tranche IV Advance (and in consideration of the modifications to the terms and provisions applicable to the outstanding Tranche I Advance), Borrower shall have paid the Tranche IIISecond Amendment Date Facility Charge.

  • Altria promises to pay interest on the unpaid principal amount of each Tranche II Advance from the date of such Tranche II Advance until such principal amount is paid in full, at such interest rate, and payable at such times, as are specified in the Term Loan Agreement.

  • Notwithstanding the foregoing, Agent and Lender agree to waive the Prepayment Charge, (x) if Agent and Lender (in its sole and absolute discretion) agree in writing to refinance the Advance prior to the Maturity Date, and (y) with respect to the Tranche I Advance, the Tranche II Advance and the Tranche III Advance.

  • The amount of each Lender’s Tranche II Advance is shown on Exhibit A attached hereto.

  • Both principal and interest in respect of each Tranche II Advance are payable in Dollars to JPMCB for the account of the Lender at the office of JPMCB, located at 000 Xxxxxxx Xxxxxxxxxx Xxxx, NCC5/Floor 1, Newark, DE 19713, in same day funds.

  • Each Tranche II Advance owing to the Lender by Altria pursuant to the Term Loan Agreement, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Promissory Note.

Related to Tranche II Advance

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Revolving Advance has the meaning given in Section 2.1.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Tranche C Term Loan as defined in Section 2.1.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Tranche A has the meaning assigned in Section 2.1(c)(i).

  • Equipment Advance is defined in Section 2.1.1.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Initial Loan is defined in Section 2.1.

  • Tranche B Term Loan as defined in Section 2.1.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.