Examples of Tranche 3 Advances in a sentence
The proceeds of the Tranche 3 Advances shall be used for general working capital purposes and for capital expenditures.
Notwithstanding anything in this Agreement to the contrary, the Borrower shall not optionally prepay any Tranche 1 Advances or Tranche 2 Advances while any Tranche 3 Advances are outstanding.
Notwithstanding anything in this Agreement to the contrary, the Borrower shall not optionally prepay any Tranche 1 Advances, Tranche 2 Advances or Tranche 3 Advances while any Tranche 4 Advances are outstanding.
The aggregate principal amount of the Term Tranche 3 Advances shall be payable by Borrower 3 in quarterly installments equal to $2,000,000 on each of the first twenty-eight (28) consecutive quarterly Payment Dates commencing six (6) months after the Rig 3 Delivery Date.
Notwithstanding anything in this Agreement to the contrary, the Borrower shall not optionally prepay any Advances while any Tranche 3 Advances (as defined under the Bridge Credit Agreement as in effect on the Effective Date) under the Bridge Facility are outstanding.
Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make up to four Term Tranche 3 Advances to Borrower 3 from time-to-time on any Business Day during the period from the Effective Date until the Rig 3 Delivery Date in an aggregate amount up to but not to exceed the lesser of (A) the amount of its Term Tranche 3 Commitment and (B) such Lender’s Pro Rata Share of 36% of the Total Cost of Rig 3.
The expiration or termination of an option will not reduce the number of shares which may be distributed under this Plan; but the exercise of -------------------------------------------------------------------------------- Bell Atlantic 1985 Incentive Stock Option Plan (5/1/00) Page 2 a stock appreciation right and the cancellation of the related option shall reduce the number of shares which may be distributed under this Plan by the number of shares for which the canceled option was granted.
Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Top-Up Tranche 3 Advances to Borrower 3 from time-to-time on any Business Day during the period from the Rig 3 Delivery Date to the Rig 3 Maturity Date in an aggregate amount up to but not to exceed the lesser of (A) the amount of its Top-Up Tranche 3 Commitment and (B) 9% of the Total Cost of Rig 3.
The amount to be repaid on each Repayment Date will be calculated so that the remaining Tranche 2 Advances or Tranche 3 Advances outstanding after such repayment are equal to the amount of Tranche 2 Advances or Tranche 3 Advances outstanding on the last day of the Tranche 2 Availability Period or the Tranche 3 Availability Period (as the case may be) multiplied by the percentage set out opposite the relevant date.
Xxxxxxxx agrees that the proceeds of (a) the Tranche 1 Advance shall be used solely to refinance the Existing Term Loan Advances and pay related fees and expenses in connection with this Agreement, and the balance thereof for working capital and general corporate purposes and (b) the Tranche 2 Advances and Tranche 3 Advances shall be used for working capital and general corporate purposes.