Common use of Tranche C Loans Clause in Contracts

Tranche C Loans. Prior to the Third Restatement Date, each Tranche C Lender made a loan to the Borrower (each, a "Tranche C Loan" and together with the Tranche C Loan of each other Tranche C Lender, the "Tranche C Loans"). As of the Third Restatement Date, (i) the outstanding principal amount of each Tranche C Lender's Tranche C Loan is as set forth on Schedule 2.1 and (ii) the aggregate outstanding principal balance of the Tranche C Loans equals $302,940,000. No additional Tranche C Loans will be made and no amounts paid or prepaid with respect to Tranche C Loans may be reborrowed.

Appears in 2 contracts

Sources: Credit Agreement (Arch Wireless Inc), Credit Agreement (Arch Communications Group Inc /De/)