Examples of B-3 Term Lender in a sentence
Pursuant to Section 2.16 of the Credit Agreement, (i) the Borrower has made a Loan Modification Offer to each Tranche B-3 Term Lender and each Tranche B-4 Term Lender to make certain Permitted Amendments with respect to their Tranche B-3 Term Loans and Tranche B-4 Term Loans as set forth herein.
The Borrower shall pay to the Administrative Agent for the account of each Tranche B-3 Term Lender in accordance with its Pro Rata Share, (i) on the fifth anniversary of the Closing Date, a duration fee equal to 1.00% of the aggregate outstanding principal amount of Tranche B-3 Term Loans (if any) as of such date and (ii) on the sixth anniversary of the Closing Date, a duration fee equal to 1.00% of the aggregate outstanding principal amount of Tranche B-3 Term Loans (if any) as of such date.
Each Class B-3 Term Lender agrees that the initial Interest Period with respect to the Class B-3 Term Loans shall end on November 9, 2016.
Subject to the terms and conditions set forth herein and in the Sixth Amendment, on the Sixth Amendment Effective Date, each Tranche B-3 Term Lender agrees to make a Tranche B-3 Term Loan to the Borrower in Dollars in a principal amount not to exceed its Tranche B-3 Term Commitment.
Subject to the occurrence of the Incremental Effective Date, each Incremental Tranche B-3 Term Lender severally agrees to make a Tranche B-3 Term Loan in Dollars to the Borrower on the date specified in the notice of borrowing delivered pursuant to Section 5(d) hereof, in an amount equal to such Incremental Tranche B-3 Term Lender’s Tranche B-3 Term Loan Commitment.
Upon receipt of such notice the Administrative Agent shall promptly notify each Tranche B-3 Term Lender thereof.
The Term Commitment of each Tranche B-3 Term Lender shall terminate as provided in the Amendment Agreement.
When there is no quoted price or other appropriate methods from which to derive a reliable fair value, equity investments are carried at cost less impairment.
HUD will also use its Multifamily RHIIP Listserv to post notifications regarding the EIV system.
The Tranche B-3 Term Commitment of each Tranche B-3 Term Lender shall automatically terminate upon the making of the Tranche B-3 Term Loans on the Effective Date.