Tranche A Term Commitment definition
Examples of Tranche A Term Commitment in a sentence
By executing this Lender Addendum as a Tranche A Term Lender, the undersigned institution agrees on the terms and subject to the conditions set forth in the Amendment and the Credit Agreement as amended thereby, to make and fund Tranche A Term Loans on the Second Amendment Effective Date in the amount of such Tranche A Term Lender’s Tranche A Term Commitment.
Subject to the terms and conditions set forth herein, each Tranche A Term Lender hereby severally agrees to make a Tranche A Term Loan to the Parent Entity on the Closing Date in Dollars in an amount equal to such Tranche A Term Lender’s Tranche A Term Commitment.
During the Certain Funds Period, each Initial Tranche A Term Lender severally agrees to make to the Parent Borrower a single loan or up to an aggregate of four (4) separate loans (when taken together with the Tranche A Bridge Loan Borrowings pursuant to Section 2.01(b)) in Dollars in an aggregate principal amount not exceeding such Initial Tranche A Term Lender’s Initial Tranche A Term Commitment on the Acquisition Closing Date.
Upon each Tranche A Term Lender’s making of its portion of the Tranche A Term LoanLoans borrowed under this Section 2.01(a), the Tranche A Term Commitment of such Tranche A Term Lender shall be terminated.
It was concluded that the IAAB is a very competitive technology compared to the conventional treatment systems.