Examples of Tranche A Closing in a sentence
The Commitment Fee payable hereunder in respect of any Tranche A Term Loan shall be due on the Tranche A Closing Date when such Tranche A Term Loan is funded and deducted from the proceeds thereof to be advanced to Borrower pursuant to Section 3.6.
Subject to the terms of this Agreement, the Lenders make available to the Borrower a euro term loan facility in a maximum aggregate amount equal to the Total Commitments, which shall be split into two tranches for purposes of enabling the Lenders to make available their Commitments under the Loans on the Tranche A Closing Date and the Tranche B Closing Date, respectively.
Each Lender shall issue to Borrower, and Borrower shall execute and deliver to each Lender to evidence such Lender’s Term Loan, (i) on the Tranche A Closing Date, a Tranche A Note, and (ii) on the Tranche B Closing Date, a Tranche B Note.
To the extent any Pledged Collateral has not been delivered as of the Tranche A Closing Date, such Grantor shall, promptly after such Pledged Collateral is acquired, deliver a pledge amendment duly executed by the Grantor in substantially the form of Annex 1 attached hereto (each, a “Pledge Amendment”).
The interest rate will be set during the period that starts no earlier than 5 Business Days before the Tranche A Closing Date and the Trance B Closing Date, respectively.