Second Tranche Term Loan definition

Second Tranche Term Loan has the meaning set forth in Section 2.2(a).
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Second Tranche Term Loan means the loan, in the principal amount not to exceed $5,000,000, made by the Lender to Borrower on the Second Closing Date pursuant to Section 2.01(b) hereof.
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Second Tranche Term Loan means the Term Loan made on December 20, 2021. The Second Tranche Term Loan shall be a "Class" of Loan and Borrowing. All references to the Term Loan shall be deemed to be references to each Class of Term Loan.
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Examples of Second Tranche Term Loan in a sentence

  • If the Second Tranche Term Loan is made hereunder, the covenants in this subsection (b) shall apply.

  • Subject to the terms and conditions of this Agreement, each Lender agrees, severally and not jointly, to make to Borrowers an advance during the Second Tranche Availability Period in principal amount equal to its Second Tranche Term Loan Commitment (the “ Second Tranche Term Loan”).

  • The implication is that electricity production capacity, as represented by the vertical portion of the AS curve, will be far from the more probable positions of the AD curve.

  • In particular, compared to the US, Australia has a different trading mechanism (pure order-driven); a voluntary and less stringent governance environment (comply or explain); a weak “market for control” (a lack of threat of takeover); a high ownership concentration, and a low litigation risk.

  • From and after the Third Amendment Effective Date, the following Lenders shall have the following titles with respect to the Second Tranche Term Loan Facility: BofA Securities, Inc.

  • Subject to achievement of the Lenabasum Phase 3 Milestone and the terms and conditions of this Agreement, each Lender agrees, severally and not jointly, to make to Borrowers an additional advance during the Second Tranche Availability Period in a principal amount equal to its Second Tranche Term Loan Commitment (the “ Second Tranche Term Loans”).

  • Pursuant to Section 2.3(c) of the Amended Credit Agreement and this Agreement, subject solely to the satisfaction or waiver of the conditions set forth in Section IV below, on and as of the Third Amendment Effective Date, each Second Tranche Term Loan Lender hereby provides its Second Tranche Term Loan Commitment to the Borrower.

  • After the Funding Date of the Thirdany Refinancing Second Tranche Term Loan, Borrowers shall maintain two distinct programs in Borrower sponsored active human clinical trials under a Borrower ownedBorrower-owned IND at all times (excluding, for the avoidance of doubt, the CD73 Program and the PVRIG Program).

  • The Loan Agreement provides for future borrowings, subject to the satisfaction of certain financial and revenue milestones and other borrowing conditions as follows: (i) an additional $100.0 million on or before February 28, 2018 (the “Second Tranche Term Loan”), and (ii) up to two additional tranches of up to $50.0 million each on or before March 29, 2019 (together with the Initial Term Loan and the Second Tranche Term Loan, the “Term Loans”).

  • Subject to the terms and conditions of this Agreement, each Lender agrees, severally and not jointly, to make to Borrowers an advance during the Second Tranche Availability Period in principal amount equal to its Second Tranche Term Loan Commitment (the “ Second Tranche Term Loans”).


More Definitions of Second Tranche Term Loan

Second Tranche Term Loan has the meaning set forth in Section 6.03.
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Related to Second Tranche Term Loan

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Tranche A Term Loan as defined in Section 2.1.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Tranche B Term Lender means a Lender with a Tranche B Term Commitment or an outstanding Tranche B Term Loan.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Tranche A Term Lender means a Lender with a Tranche A Term Commitment or an outstanding Tranche A Term Loan.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • New Term Loans as defined in Section 2.24.