Common use of Tranche II Clause in Contracts

Tranche II. The parties hereby agree that the Lenders have no commitment to fund any Tranche II Term Loan. In furtherance of the foregoing, the following provisions of the Loan and Security Agreement are hereby removed in their entirety and replaced with “[Reserved]” where applicable: a. Recital B.; b. Recital D.(ii); c. the following definitions: i. “Interest Only Extension Conditions”; ii. “Maximum Tranche II Term Loan Amount; iii. “Tranche II Term Loan(s)”; iv. “Tranche II Term Loan Advance”; v. “Tranche II Term Loan Advance Period”; and d. Sections 2.2(a)(ii) and the reference to “Tranche II Term Loans” in the lead-in to Section 2.2(a).