Tranche 3 Loans. The Borrower may request that the Lenders or any of their respective Related Funds make one or more Tranche 3 Loans in an aggregate principal amount of up to $100,000,000; provided that, notwithstanding any such request or any other term or provision of this Agreement or any other Loan Document, (i) the making of each Tranche 3 Loan shall be subject to the prior consent of the Majority Lenders after receiving such request from the Borrower (which consent may be provided or denied in the sole discretion of the Majority Lenders), and no Lender shall have any commitment to make or participate in the making of a Tranche 3 Loan unless such Lender elects to participate in such Tranche 3 Loan and the Majority Lenders have provided such consent in writing to the Borrower and the Agent; (ii) any consenting Lender may nominate any of its Related Funds to fund all or a portion of its Proportionate Share of such Tranche 3 Loan and (iii) any Lender may decline to participate in the Tranche 3 Loan and such declining Lender’s Proportionate Share may be provided by any consenting Lender or its Related Fund. (d)
Tranche 3 Loans. (a) TRANCHE 3
Tranche 3 Loans. (i) If (x) the Subsequent Borrowing Condition or conditions set forth in Section 4.03 shall have been satisfied on and as of December 31, 2021 (other than delivery of a Loan Notice) and (y) the Borrower has not delivered a Loan Notice with respect to a Borrowing of Tranche 3 Loans prior to December 31, 2021, deliver a Loan Notice pursuant to Section 4.05 on December 31, 2021 (or such later date as may be agreed by the Lender Representative in its sole discretion).
Tranche 3 Loans. Each Tranche 3 Lender having a Tranche 3 Loan Commitment agrees, subject to the terms and conditions set forth herein, to make Tranche 3 Loans in Dollars to GEO on the Effective Date in an aggregate principal amount equal to the Tranche 3 Loan Commitment of such Lender on the Effective Date. Amounts prepaid or repaid in respect of Tranche 3 Loans may not be reborrowed.
