Tranche A Term Loans definition
Examples of Tranche A Term Loans in a sentence
Each such prepayment shall be applied first, to the Tranche A Term Loans on a pro rata basis (applied against the remaining installments of principal due on the Tranche A Term Loans in the inverse order of maturity) until the Tranche A Term Loans are repaid in full, and second, to the Fifth Amendment Term Loans (applied against the remaining installments of principal due on the Tranche A Term Loans in the inverse order of maturity).
The outstanding unpaid principal amount of the Tranche A Term Loans, and all accrued and unpaid interest thereon, shall be due and payable on the earlier of (A) the Tranche A Maturity Date, and (B) the date on which the Term Loans are declared due and payable pursuant to the terms of this Agreement.
The Tranche A Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein.
Certain Initial Tranche A Term Lenders (the “Assignors”) hereby agree, on the Third Amendment Effective Date, immediately prior to giving effect to the establishment of the Extended Term A Loans, to sell and assign (collectively, the “Term Loan A Assignments”) to one or more Eligible Assignees a portion of its rights and obligations under the Initial Tranche A Term Loans (the “Assigned Loans”), and each Assignee hereby irrevocably purchases and assumes from such Assignor, such Assigned Loans.