Second Tranche Advance definition

Second Tranche Advance means one or more Advances of up to $15,000,000 made under the Term Loan after the First Tranche.
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Second Tranche Advance means the Advance of the Second Tranche;
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Second Tranche Advance has the meaning ascribed to it in Section 5(h). “Second Tranche Call” has the meaning ascribed to it in Section 5(c). “Second Tranche Call Amount” has the meaning ascribed to it in Section 5(b). “Second Tranche Call Notice” has the meaning ascribed to it in Section 5(c).
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Examples of Second Tranche Advance in a sentence

  • Prior to the issuance of a Borrowing Notice for the Second Tranche Advance, the Borrower shall have satisfied or fulfilled all conditions precedent set out in Section 6.3 and provided to the Lender all documentation contemplated therein, and the Lender shall have confirmed to the Borrower in writing the satisfaction and fulfillment of the conditions precedent set out in Section 6.3 and the Lender’s satisfaction with all documentation delivered in connection therewith.

  • In addition to such interest payments, beginning on the earlier of (i) September 1, 2017 or (ii) the first day of the first month following the Amortization Trigger, Borrower shall make principal payments to Lenders of (i) $105,000, if Borrower has received only the First Tranche Advance, or (ii) $117,000 if Borrower has received the First Tranche Advance and the Second Tranche Advance.

  • On the funding of any part of the Second Tranche Advance, Borrower shall pay the remaining $100,000 of the Facility Charge.

  • To request the Second Tranche Advance, Borrower shall notify Lenders by 3:00 p.m. Pacific time at least three business days before the date of the Advance, which will be a business day.

  • Subject to the terms and conditions of this Agreement, beginning on the date that the Funding Milestone has been achieved and continuing through May 31, 2015, Lender will severally (and not jointly) make in an amount not to exceed its respective Term Commitment, the Second Tranche Advance.

  • Pursuant to the terms of the Advance Agreement, each of G15 and Arisaig have as conditions precedent to the disbursement of the Second Tranche Advance given irrevocable undertakings to ATB to vote in favour of the allotment and issue of the Subscription Shares to ATB at the EGM.

  • For the avoidance of doubt, the $15,000,000 commitment for the Second Tranche Advance set forth in Section 2.1(a)(ii) of the Loan Agreement in effect prior to this Amendment has been terminated in full and is now replaced by the Second Tranche Advance commitment set forth in this Amendment.

  • The Borrower shall pay to Lender a fee for investment banking and advisory services provided by the Lender to the Borrower on or prior to the date of the Second Tranche Advance by issuing to Lender in an unregistered offering that number of shares of the Borrower’s Common Stock equal to a dollar amount of Two Hundred Eighty Thousand United States Dollars (US$280,000.00) (the “Share Value”).

  • The Shares shall be deemed fully earned as of the date of the Second Tranche Advance, in consideration therefore, regardless of the amount or number of Revolving Loans made hereafter.

  • The Second Tranche Advance was disbursed to the Company on or around 22 December 2005.

Related to Second Tranche Advance

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Equipment Advance is defined in Section 2.1.1.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Tranche A has the meaning assigned in Section 2.1(c)(i).

  • Revolving Advance has the meaning given in Section 2.1.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Term Loan as defined in Section 2.1.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans of the same Class.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.