Examples of Term Loan Tranche 2 in a sentence
Each such Lender’s obligation to fund the Term Loan Tranche 2 shall be limited to such Lender’s Term Loan Tranche 2 Commitment Percentage, and no Lender shall have any obligation to fund any portion of any Term Loan required to be funded by any other Lender, but not so funded.
The Prepayment Fee in respect of each of Term Loan Tranche 2 shall be equal to an amount determined by multiplying the amount being prepaid (or required to be prepaid, if such amount is greater) by the following applicable percentage amount: (x) three percent (3.0%) for the first year following the date on which the Term Loan Tranche 2 is funded, (y) two percent (2.0%) for the second year following the date on which the Term Loan Tranche 2 is funded and (z) one percent (1.0%) thereafter.
When Borrower desires to obtain a Term Loan Tranche 2 Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail or facsimile transmission to be received no later than 12:00 p.m. Eastern time three (3) Business Days before the day on which the Term Loan Tranche 2 Advance is to be made.
On the earlier of the Term Loan Maturity Date, the prepayment of all Credit Extensions, or the date the Obligations become due and payable, a Final Payment Fee equal to (i) One Hundred Fifty Thousand Dollars ($150,000) plus (ii) an additional amount equal to 1.00% of the aggregate amount of Term Loan Tranche 2 Advances made during the term of this Agreement.
On the Closing Date and on each annual anniversary of the Closing Date (it being understood, for the avoidance of doubt, that, unless the Maturity Date is extended, the Agency Fee shall be payable no more than five (5) times during the life of the loan), Borrowers shall pay Agent, for its own account and not for the benefit of any other Lenders, an administrative fee of $75,000; provided that, upon the occurrence of the Term Loan Tranche 2 Activation Date, such administrative fee shall be $100,000.
The Prepayment Fee in respect of each of Term Loan Tranche 1, Term Loan Tranche 2 or Term Loan Tranche 3 shall be equal to an amount determined by multiplying the amount being prepaid (or required to be prepaid, if such amount is greater) by the following applicable percentage amount: ((x) four percent (4.0%) for the first year following the Closing Date, (y) three percent (3.0%) for the second year following the Closing Date and (z) two percent (2.0%) thereafter.
Subject to and upon the terms and conditions of this Agreement, at any time from the date on which Borrower achieves the Term Loan Tranche 2 Milestone through the Term Loan Xxxxxxx 0 Xxxxxxxxxxxx Xxx Date, Bank agrees to make one (1) or more Term Loan Tranche 2 Advances to Borrower in an aggregate amount not to exceed the Term Loan Tranche 2.
Borrowers shall use the proceeds of any Term Loan Tranche 2 borrowing solely for the purposes consummating the Third Amendment Acquisition.
Borrowers shall use the proceeds of the Term Loan Tranche 1 and Term Loan Tranche 2 solely for (a) the payment of transaction fees incurred in connection with the Operative Documents and (b) for working and operating capital needs and general corporate purposes of Borrowers and their Subsidiaries.
Commencing with the Defined Period ending on December 31, 2017, Borrower shall not permit its consolidated Net Product Revenue for such Defined Period and for each Defined Period ending on the last day of a fiscal quarter thereafter, to be less than (a) for a Defined Period ending prior to the Term Loan Tranche 2 Funding Date, $100,000,000 or (b) for a Defined Period ending on or after the Term Loan Tranche 2 Funding Date, $120,000,000.