Tranche 2 Loan Sample Clauses

Tranche 2 Loan. Subject to the terms and conditions of this Agreement, Lender agrees to make a loan to Customer in the principal amount set forth in Annex B hereto and designated as the Tranche 2 Loan (the “Tranche 2 Loan”) on the Requested Advance Date set forth in the applicable Request for Advance (the “Final Closing Date”). The Customer’s obligation to repay the Tranche 2 Loan shall be evidenced by a promissory note in the same form as the Tranche 1 Note, payable by Customer to the order of Lender in the original principal amount of the Tranche 2 Loan (as amended, modified, restated, extended and renewed from time to time, the “Tranche 2 Note”). The Tranche 2 Loan shall bear interest and be repaid by Customer at the times and in the manner set forth in the Tranche 2 Note. Unless sooner terminated pursuant to the provisions of this Agreement, the obligation of Lender to make the Tranche 2 Loan hereunder shall automatically terminate on March 31, 2005, without further action by, or notice of any kind from, Lender.
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Tranche 2 Loan. The Tranche 2 Loan shall be repaid in full in a single installment in the amount of $5,000,000 on 15 December 2001, provided that if 15 December 2001 is day that is not a Business Day, such payment date shall be changed to the next succeeding Business Day (the "TRANCHE 2 REPAYMENT DATE").
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Tranche 2 Loan. In the case of any mandatory prepayment of the Tranche 2 Loan pursuant to Subsection 3.06(b), (c), or (d), the Company shall concurrently pay OPIC any Make-Whole Premium payable at such time. In the case of acceleration of the Loan upon the occurrence of an Event of Default, the Company shall concurrently pay OPIC any Make-Whole Premium due at such time.
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Tranche 2 Loan. On the terms and subject to the conditions of this Agreement, each Lender agrees to make the Tranche 2 Loan to the Borrower, in a single Borrowing at any time during the period beginning after the Restatement Date and ending on or prior to July 15, 2025, in an aggregate principal amount for all Lenders of $15,200,000 in immediately available funds. (c)
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Related to Tranche 2 Loan

  • Term Loan On the Closing Date, each Lender that has a Closing Date Term Commitment severally, and not jointly, agrees, on the terms and conditions set forth in this Agreement, to make a Term Loan to the Borrower pursuant to such Lender’s Closing Date Term Commitment, which Term Loans: (i) can only be incurred on the Closing Date in the entire amount of each Lender’s Term Commitment; (ii) once prepaid or repaid, may not be reborrowed; (iii) may, except as set forth herein, at the option of the Borrower, be incurred and maintained as, or Converted into, Closing Date Term Loans that are Base Rate Loans or Eurodollar Loans, in each case denominated in Dollars, provided that all Closing Date Term Loans made as part of the same Term Borrowing shall consist of Term Loans of the same Type; (iv) shall be repaid in accordance with Section 2.12(b); and (v) shall not exceed (A) for any Lender at the time of incurrence thereof the aggregate principal amount of such Lender’s Closing Date Term Commitment, if any, and (B) for all the Lenders at the time of incurrence thereof the Total Closing Date Term Commitment. The Closing Date Term Loans to be made by each Lender will be made by such Lender in the aggregate amount of its Term Commitment in accordance with Section 2.06 hereof. Each Lender having an Incremental Term Loan Commitment hereby severally, and not jointly, agrees on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

  • Revolving Loan The Borrower shall repay to the Lenders in full on the date specified in clause (a) of the definition of “Revolving Termination Date” the aggregate principal amount of the Revolving Loans and Swing Loans outstanding on the Revolving Termination Date.

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