Tranche A Loan Commitment definition
Tranche A Loan Commitment means the commitment of a Lender to make or otherwise fund a Tranche A Loan and “Tranche A Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche A Loan Commitment, if any, is set forth on Schedule 1. The aggregate amount of the Tranche A Loan Commitments as of the Closing Date is $30,000,000.
Tranche A Loan Commitment means the commitment of the Lender to make the Tranche A Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed $2,239,851.
Tranche A Loan Commitment means, as to each Tranche A Lender at any time, its obligation to make Tranche A Loans to the Borrower pursuant to Section 2.1.1 in an aggregate principal amount not to exceed the amount set forth opposite such Tranche A Lender's name on Schedule 2.1 under the caption “Tranche A Loan Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Loan Lender becomes a Party, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. “Tranche B Facility” means, at any time, the aggregate amount of the Tranche B Loan Lenders' Tranche B Loan Commitments and, without duplication, Tranche B Loans outstanding at such time. “Tranche B Facility Percentage” means, with respect to any Tranche B Lender at any time, the percentage (carried out to the ninth decimal place) that (i) the sum of (A) such Tranche B Lender's Tranche B Loan Commitment at such time plus (B) the outstanding principal amount of such Lender's Tranche B Loans is of (ii) the sum of (A) the aggregate Tranche B Loan Commitments at such time plus (B) the outstanding principal amount of all Tranche B Loans. “Tranche B Lender” means, at any time, a Lender that holds a Tranche B Loan Commitment or has made a Tranche B Loan that is outstanding at such time. “Tranche B Loan” has the meaning specified in Section 2.1.1(b). “Tranche B Loan Commitment” means, as to each Tranche B Lender at any time, its obligation to make Tranche B Loans to the Borrower pursuant to Section 2.1.1 in an aggregate principal amount not to exceed the amount set forth opposite such Tranche B Lender's name on Schedule 2.1 under the caption “Tranche B Loan Commitment” or opposite such caption in the Assignment and Assumption pursuant to
Examples of Tranche A Loan Commitment in a sentence
No Lender shall have an obligation to make a Tranche A Loan in excess of such ▇▇▇▇▇▇’s Tranche A Loan Commitment.
No Lender shall have an obligation to make a Tranche A Loan in excess of such Lender’s Tranche A Loan Commitment.
Notwithstanding anything contained in this Agreement to the contrary, upon any termination of the Canadian Tranche A Loan Commitment, all of the Canadian Obligations (other than contingent indemnification obligations as to which no claim has been asserted) shall be due and payable.
Any reduction of the Canadian Tranche A Loan Commitment shall not result in a pro rata or any other reduction of the Canadian L/C Sublimit unless so designated in writing by Canadian Borrower Representative or of the US Tranche A Loan Commitment.
Each such note shall be in the principal amount of the Canadian Tranche A Loan Commitment of the applicable Canadian Tranche A Lender denominated in Canadian Dollars, dated the date such requesting Canadian Tranche A Lender became a Canadian Tranche A Lender hereunder and substantially in the form of Exhibit 1.2(a)(i) (each as amended, modified, extended, substituted, or replaced from time to time, a “Canadian Tranche A Note” and, collectively, the “Canadian Tranche A Notes”).
More Definitions of Tranche A Loan Commitment
Tranche A Loan Commitment means the several obligations of the Lenders to advance the sum of $21,447,106.25, in accordance with their respective Term Commitment Ratios, to the Borrowers pursuant to the terms hereof.
Tranche A Loan Commitment means the commitment of a Lender to make or otherwise fund a Tranche A Loan and “Tranche A Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche A Loan Commitment, if any, is set forth on Schedule 1. The aggregate amount of the Tranche A Loan Commitments as of the Closing Date is $25,000,000. “Tranche B Loan” means each loan advanced by a Lender pursuant to Section 2.01(b). For purposes of clarification, any calculation of the aggregate outstanding principal amount of the Tranche B Loan on any date of determination shall mean the aggregate principal amount of the Tranche B Loan made pursuant to Section 2.01(b) that has not yet been repaid as of such date. “Tranche B Loan Borrowing Date” means with respect to the Tranche B Loan, the Business Day on which all conditions set forth in Section 6.02 have been satisfied or waived by the Lenders and the Tranche B Loan is made hereunder. “Tranche B Loan Commitment” means the commitment of a Lender to make or otherwise fund a Tranche B Loan and “Tranche B Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Loan Commitment, if any, is set forth on Schedule 1. The aggregate amount of the Tranche B Loan Commitments as of the First Amendment Effective Date is $10,000,000. “Tranche B Loan Commitment Termination Date” means May 28, 2021. “Tranche C Loan” means each loan advanced by a Lender pursuant to Section 2.01(c). For purposes of clarification, any calculation of the aggregate outstanding principal amount of the Tranche C Loan on any date of determination shall mean the aggregate principal amount of the Tranche C Loan made pursuant to Section 2.01(c) that has not yet been repaid as of such date.
Tranche A Loan Commitment means, with respect to each Bank, the amount committed by such Bank pursuant to this Agreement with respect to the Tranche A Loan as set forth on the signature pages hereto, as such amount may be reduced from time to time pursuant to Sections 2.9, 2.10, 2.11 and 6.2.
Tranche A Loan Commitment means an amount equal to Five Million and No/100 Dollars ($5,000,000.00).
Tranche A Loan Commitment. Tranche B Loan Commitment" and "Tranche C Loan Commitment" have the respective meanings specified in Section 2.01.
Tranche A Loan Commitment means the amount in Dollars set opposite each DIP Creditor’s name under the heading “Tranche A Loan Commitment” in Schedule 1.01(a) or in an Assignment and Acceptance pursuant to which such DIP Creditor became a party hereto, as the same may be changed or reduced from time to time pursuant to the terms hereof.
Tranche A Loan Commitment or "Commitment" means, for each Lender, the amount set for the opposite such lender's name in Schedule I hereto directly below the column entitled "Tranche A Loan Commitment", as same may be reduced from the time pursuant to Sections 2.06 and/or 2.07 of the Agreement or adjusted from time to time as a result of assignments to or from such Lender pursuant to Section 10.11(a) of the Agreement.