Tranche 1 Term Loan means a Term Loan made to the Borrower on the Closing Date pursuant to Section 1.1(a)(i) of the Agreement.
Tranche 1 Term Loan means a loan made by a Tranche 1 Term Loan Lender pursuant to Section 2.1(b) (or any conversion or continuation thereof).
Tranche 1 Term Loan is defined in Section 2.2(a)(i) hereof.
Examples of Tranche 1 Term Loan in a sentence
We cannot be assured that any replacement borrowing or equity financing could be successfully completed.The interest rate on our variable rate borrowings, which include our revolving credit facility, Tranche 1 Term Loan and our Tranche 2 Term Loan, are all based on LIBOR.
On the Closing Date, the Company borrowed a Tranche 1 Term Loan of $20.0 million ($10.0 million in newly borrowed funds) under the A&R Loan Agreement.
However, the interest rate on our Tranche 1 Term Loan and Tranche 2 Term Loan have a LIBOR floor of 100 basis points.
However, the interestrate on our Tranche 1 Term Loan and Tranche 2 Term Loan have a LIBOR floor of 100 basis points.
We also repaid all borrowings due under the $145.0 million Tranche 1 Term Loan.
More Definitions of Tranche 1 Term Loan
Tranche 1 Term Loan means a loan in an aggregate principal amount of up to Twenty-Five Million Dollars ($25,000,000). “Tranche 1 Term Loan Advance” has the meaning assigned to such term in Section 2.2(a)(i).
Tranche 1 Term Loan means a loan made pursuant to Section 2.1(b) (or any conversion or continuation thereof).
Tranche 1 Term Loan means any Initial Term Loan or any New Term Loan.
Tranche 1 Term Loan means a Term Loan made pursuant to clause (a)(iii) of Section 2.01.
Tranche 1 Term Loan means the Company’s second priority term loan incurred under the Credit Agreement, dated as of February 21, 2013, (as may be further amended, modified, supplemented or Refinanced from time to time), among the Company, the Lenders (as defined therein), Citicorp North America, Inc., as administrative agent and collateral agent, Bank of America, N.A., as syndication agent, and Xxxxx Fargo Bank, N.A., General Electric Capital Corporation, Xxxxxxx Sachs Bank USA and Xxxxxx Xxxxxxx Senior Funding, Inc., as co-documentation agents.
Tranche 1 Term Loan means a term loan as described in Section 1.1(a), which for the avoidance of doubt, includes the Tranche 1 Initial Advance.