Examples of C2 Term Loan in a sentence
Estimated fair value was calculated using market quotes available at April 9, 2018 for the Tranche C-2 Term Loan, due 2024, all outstanding Senior Notes and the 7% Amortizing Notes.
For purposes of estimating the pro forma interest expense related to the Tranche C-2 Term Loan Vistra Energy used interest rates of 4.35% and 3.57%, respectively, per annum for its variable interest rates.
The Tranche C-2 Term Loan interest rate is based on LIBOR plus a 275 basis point fixed margin.
The parties hereto acknowledge that the Tranche A Commitments terminated at 5 p.m. New York City time on the Closing Date and the Tranche C-1 Term Loan Commitments and the Tranche C-2 Term Loan Commitments shall terminate at 5:00 p.m., New York City time, on the Restatement Effective Date.
If on any day a French Tranche C2 Term Loan is outstanding with respect to which notice has not been delivered to Administrative Agent in accordance with the terms of this Agreement specifying the basis for determining the rate of interest, then such Loan shall be automatically continued as a Euro LIBOR Loan with a one month Interest Period.
The Tranche C2 Term Loan shall be comprised solely of Eurocurrency Rate Loans.
Subject to the terms and conditions set forth herein and in the Amendment and Restatement Agreement, each Tranche C Term Loan outstanding on the Second ARCA Effective Date that is not converted into a Tranche C-2 Term Loan will remain outstanding as a Tranche C Term Loan.
Section 2.07 of the Credit Agreement is hereby amended by (i) inserting the text “Tranche C-2 Term Loans,” immediately after the text “Tranche C-1 Term Loans,” appearing therein and (ii) inserting the text “Tranche C-2 Term Loan Commitments,” immediately after the text “Tranche C-1 Term Loan Commitments,” appearing therein.
Xxxxxxx Name: Title: [LENDERS] By: [On file with Administrative Agent] Name: Title: Term Loan Commitments1 Class Per Lender Aggregate Tranche C-2 Term Loan Commitment [On file with Administrative Agent] $763,061,849.49 Tranche C Term Loan Commitment [On file with Administrative Agent] $348,953,050.51 1 As of the Second ARCA Effective Date, after giving effect to the conversions set forth herein.
Any promissory note evidencing a Tranche C-2 Term Loan prior to the Amendment Agreement Effective Date may be exchanged, upon the request of the relevant Lender made through Administrative Agent and surrender of such promissory note to the relevant Borrower through Administrative Agent, for promissory notes evidencing the Tranche C-2 PIK Term Loans into which such Lender’s Tranche C-2 Term Loans were converted on the Amendment Agreement Effective Date.