Examples of Tranche 1 Loan in a sentence

As of the Closing Date, the Facility Fee in respect of the Tranche 1 Loan (equal to $175,000) and the Facility Fee in respect of the Tranche 2 Loan (equal to $100,000) have been paid to Agent for the benefit of SCI and no further payment is required with respect thereto.
As of the Closing Date, Seventeen Million Five Hundred Thousand Dollars ($17,500,000) of the outstanding Advances shall be deemed to be Advances under the Tranche 1 Loan, and Ten Million Dollars ($10,000,000) of the outstanding Advances shall be deemed to be Advances under the Tranche 2 Loan.
On the Closing Date, Borrower shall prepay (i) the Tranche 1 Loan in the principal amount of $17,500,000, (ii) the Success Fee in the principal amount of $4,812,500, and (iii) the Final Payment Fee in the principal amount of $1,240,000.
Other than the Advance for the Tranche 1 Loan, Borrower shall submit a Notice of Borrowing to Agent not less than three (3) Business Days prior to each Funding Date.
The Notice of Borrowing for the Tranche 1 Loan has already been submitted.

More Definitions of Tranche 1 Loan

Tranche 1 Loan means a Loan made pursuant to Section 2.01(b).

Tranche 1 Loan has the meaning specified in Section 2(a)(i) of the Facility Agreement.

Tranche 1 Loan means $17,500,000, the full amount of which was outstanding pursuant to the First Amended and Restated Credit Agreement.

Tranche 1 Loan means the loan specified in Section 3.01(a) or, as the context may require, the principal amount thereof from time to time outstanding.

Tranche 1 Loan means each loan advanced by a Lender pursuant to Section 2.01(a) as part of a Tranche 1 Borrowing.