Tranche 2 Borrower definition

Tranche 2 Borrower means the Person designated as “Borrower” under the Tranche 2 Loan Agreement.
Sample 1
Tranche 2 Borrower means the Parent and/or any subsidiary of the Parent (a list of which as at the date hereof are set out in Schedule 1) who may become an Additional Borrower pursuant to Clause 30.
Sample 1
Tranche 2 Borrower has the meaning set forth in the recitals hereto.
Sample 1

Examples of Tranche 2 Borrower in a sentence

  • Beginning on the Advance Date of Tranche 2, Borrower shall maintain Unrestricted Cash in an amount greater than or equal to Twenty-Five Million Dollars ($25,000,000); provided that this Section 7.21(a) shall cease to apply after June 29, 2021.

  • Thereafter, on the date Borrower receives each Advance under Tranche 2, Borrower shall pay to Lender additional origination fees equal to three percent (3.0%) of the amount of such Advance.

  • In addition to the Tranche 2 origination fee (which shall be payable on the Funding Date of Tranche 2), Borrower shall reimburse Agent and the Lenders for all legal fees and out-of pocket expenses incurred in connection with this Loan Modification Agreement.

  • Where such clauses have been used in recent Schemes, they have tended to apply in restricted circumstances which are prescribed in the Scheme Document.

  • The Tranche 1 Borrower, the Tranche 2 Borrower and the Parent GULFMARK OFFSHORE, INC.

  • Partners for Growth Schedule to Loan and Security Agreement Tranche 2: Borrower shall pay interest only on the Tranche 2 Loan from the date the Tranche 2 Loan is disbursed to Borrower to the date that is six (6) months from the end of the first full month after the Effective Date (the same date the interest-only period in respect of Tranche 1 ends).

Related to Tranche 2 Borrower

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

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

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

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

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Tranche B Lenders means First Union National Bank and shall include the several banks and other financial institutions from time to time party to the Credit Agreement that commit to make the Tranche B Loans.

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

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

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Tranche A Lenders means First Union National Bank and shall include the several banks and other financial institutions from time to time party to the Credit Agreement that commit to make the Tranche A Loans.

  • Term Loan Lenders means the “Lenders” under and as defined in the Term Loan Credit Agreement.

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

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

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(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 Loan has the meaning specified in Section 2.01(b).

  • 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.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving Commitments have terminated or expired, a Lender with U.S. Revolving Exposure.