Tranche A Loan definition
Examples of Tranche A Loan in a sentence
The Borrower shall use the proceeds of the Tranche A Loan and Tranche B Loan (a) for general working capital purposes and corporate purposes permitted hereunder, (b) to refinance the Existing Credit Agreements (the “Refinancing”), and (c) to pay, in accordance with the funds flow attached to the Borrowing Notice, reasonable and documented out-of-pocket fees, costs and expenses incurred in connection with the Transactions.
No Lender shall have an obligation to make a Tranche A Loan in excess of such Xxxxxx’s Tranche A Loan Commitment.
Each Lender’s Tranche A Loan Commitment shall terminate immediately and without further action on the Funding Date after giving effect to the funding of such Xxxxxx’s Tranche A Loan Commitment on such date.
Subject to Section 3.03, all amounts owed hereunder with respect to the Tranche A Loan shall be paid in full no later than the Maturity Date.