Tranche A Term Notes Clause Samples
The 'Tranche A Term Notes' clause defines the terms and conditions governing a specific series of debt instruments issued under a financing agreement, typically referred to as Tranche A. This clause outlines the principal amount, interest rate, maturity date, and repayment schedule applicable to these notes, and may also specify any covenants or events of default unique to this tranche. By clearly delineating the obligations and rights associated with Tranche A, the clause ensures both parties understand the financial structure and repayment expectations, thereby reducing ambiguity and facilitating effective risk management.
Tranche A Term Notes. The portion of the Tranche A Term Loan made by each Lender shall be evidenced by a duly executed promissory note of the Borrower to each such Lender in an original principal amount equal to such Lender's Tranche A Commitment Percentage of the Tranche A Term Loan and substantially in the form of Schedule 2.5(e).
Tranche A Term Notes. (a) The Borrower agrees that, upon the request to the Administrative Agent by any Tranche A Term Loan Lender, in order to evidence such Lender's Tranche A Term Loan the Borrower will execute and deliver to such Lender a promissory note substantially in the form of Exhibit A-2 (each, as amended, supplemented, replaced or otherwise modified from time to time, a "Tranche A Term Note"), with appropriate insertions therein as to payee, date and principal amount, payable to the order of such Tranche A Term Loan Lender and in a principal amount equal to the amount set forth opposite such Tranche A Term Loan Lender's name on Schedule 1.1 under the heading "Tranche A Term Loan Commitment". Each Tranche A Term Loan Lender is hereby authorized to record the date, Type and amount of its Tranche A Term Loan, each continuation thereof, each conversion of all or a portion thereof to another Type, the date and amount of each payment or prepayment of principal of its Tranche A Term Loan and, in the case of Eurodollar Loans, the length of each Interest Period with respect thereto, on the schedules annexed to and constituting a part of its Tranche A Term Note, and any such recordation shall, in the absence of manifest error, constitute prima facie evidence of the accuracy of the information so recorded, provided that the failure by any Tranche A Term Loan Lender to make any such recordation shall not affect any of the obligations of the Borrower under such Tranche A Term Note or this Agreement. Any Tranche A Term Note shall (i) be dated the Closing Date, (ii) be payable as provided in subsection 2.7(b) and (iii) provide for the payment of interest in accordance with subsection 4.1.
(b) The aggregate Tranche A Term Loans of all the Tranche A Term Loan Lenders shall be payable in 21 consecutive quarterly installments on the dates and in a principal amount equal to the amount set forth below (together with all accrued interest thereon) opposite the applicable installment date (or, if less, the aggregate amount of the Tranche A Term Loans then outstanding): Installment Amount ----------- ------ September 30, 1997 $625,000.00 December 31, 1997 $625,000.00 March 31, 1998 $625,000.00 June 30, 1998 $625,000.00 September 30, 1998 $625,000.00 December 31, 1998 $625,000.00 March 31, 1999 $937,500.00 June 30, 1999 $937,500.00 September 30, 1999 $937,500.00 December 31, 1999 $937,500.00 March 31, 2000 $1,250,000.00 June 30, 2000 $1,250,000.00 September 30, 2000 $1,250,000.00 December 31,...
Tranche A Term Notes. Each Lender's Tranche A Term Loan -------------------- Commitment Percentage of the Tranche A Term Loan outstanding as of the Closing Date shall be evidenced by a duly executed promissory note of the Borrower to such Lender in substantially the form of Schedule 2.2A(d). ----------------
Tranche A Term Notes. The Borrower hereby agrees that, upon the request to the Agent by any Lender, the Borrower will execute and deliver to such Lender a promissory note evidencing the Tranche A Term Loans of such Lender, substantially in the form of EXHIBIT 2.4(f), with appropriate insertions as to date and principal amount (a "TRANCHE A TERM NOTE").
Tranche A Term Notes. The Tranche A Term Loan made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any Lender, Borrowers shall deliver a Tranche A Term Note to such Lender.
Tranche A Term Notes. The proceeds of the Tranche A Term Loan hereunder shall be used by the Borrower exclusively to refinance certain existing indebtedness and for working capital, capital expenditures and general corporate purposes.
Tranche A Term Notes. As promptly after the First Amendment Funding Date as practicable, each Lender shall surrender its Tranche A Term Notes, if any, to Administrative Agent for cancellation, and thereupon new Tranche A Term Notes shall, if so requested by such Lender, be issued to such Lender substantially in the form of Exhibit IV-A with appropriate insertions to reflect its outstanding Tranche A Term Loans after making the Additional Tranche A Term Loans.
Tranche A Term Notes. The Tranche A Term Loans shall be evidenced by a duly executed Tranche A Term Note in favor of each Lender.
Tranche A Term Notes. The portion of the Tranche A Term Loan made by each Lender shall be evidenced by a Tranche A Term Note payable to the order of such Lender in the respective amount of its Tranche A Term Loan Commitment, which Tranche A Term Notes shall be dated the Closing Date or a later date pursuant to an Assignment and Acceptance and shall be duly completed, executed and delivered by the Borrower.
Tranche A Term Notes. In the event that any portion of the Tranche A Term Loans remains outstanding on July 15, 2001, Matria will thereupon execute and deliver to each Lender holding outstanding Tranche A Term Loans a new Tranche A Term Note appropriately completed in substantially the form of EXHIBIT A hereto.