Examples of Series A-4 Tranche A Term Loans in a sentence
The Series A-4 Tranche A Term Loan Commitments and Series A-4 Tranche A Term Loans made pursuant thereto shall be subject to the provisions of the Credit Agreement and the other Credit Documents, except as set forth in this Agreement, and shall constitute “Tranche A Term Loan Exposure” and “Tranche A Term Loans”, respectively, thereunder.
The proceeds of any Series A-4 Tranche A Term Loans on each Delayed Draw Series A-4 Funding Date shall be used to finance a portion of the Sun Transactions, including the payment of any cash consideration necessary upon the conversion of the Sun Convertible Notes (the “Sun Convertibles Redemption”).
Upon the funding of any Series A-4 Tranche A Term Loans on the applicable Delayed Draw Series A-4 Funding Date, Administrative Agent will record such Series A-4 Tranche A Term Loans made by New Term Loan Lenders pursuant hereto in the Register.
The Applicable Margin for each New Term Loan made pursuant to this Agreement (each a “Series A-4 Tranche A Term Loan”) shall mean initially, at the Borrower’s option, (a) with respect to Series A-4 Tranche A Term Loans that are Eurodollar Rate Loans, 2.25% per annum or (b) with respect to Series A-4 Tranche A Term Loans that are Base Rate Loans, 1.25% per annum.
Scheduled installments of principal of the Series A-4 Tranche A Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Series A-4 Tranche A Term Loans in accordance with Sections 2.12, 2.13, 2.14 and 2.15 of the Credit Agreement respectively.
Borrower agrees to pay on the applicable Delayed Draw Series A-4 Funding Date to Administrative Agent, for the account of each New Term Loan Lender party to this Agreement, as fee compensation for the funding of such New Term Loan Lender’s Series A-4 Tranche A Term Loans, a closing fee in an amount equal to 0.25% of the aggregate principal amount of such New Term Loan Lender’s Series A-4 Tranche A Term Loans funded as of such Delayed Draw Series A-4 Funding Date.
Upon receipt by Administrative Agent of such Delayed Draw Funding Notice, each New Term Loan Lender with a Series A-4 Tranche A Term Loan Commitment shall make its Series A-4 Tranche A Term Loans available to Administrative Agent not later than 11:00 a.m. (New York City time) on the applicable Delayed Draw Series A-4 Funding Date, by wire transfer of same day funds in Dollars at the Principal Office designated by Administrative Agent.