Examples of Tranche B Loan Notes in a sentence
One each of the Tranche A Loan Notes and Tranche B Loan Notes shall be payable to the order of each Lender in accordance with the respective Term Commitment Ratio of such Lender.
The aggregate unpaid amount set forth on each Tranche B Lender’s records shall be prima facie evidence of the principal amount thereof owed and unpaid on such Tranche B Lender’s Tranche B Loan, but the failure to record, or any error in so recording, any such amount on such Tranche B Lender’s records shall not affect the obligations of the Borrowers hereunder or under any Tranche B Loan Notes to make payments of principal of and interest on the Tranche B Loan Notes when due.
At 30 September 2019, key management personnel have the following percentage of the Tranche B Loan Notes of the Company: 2019 2018 % %Key management personnel..................................................................
The Final Repayment date of the Tranche A and Tranche B Loan Notes has been formally extended to 31 January 2022.
This Note is one of the "Tranche B Loan Notes" referred to in the Third Amended and Restated Credit Agreement of even date herewith among Mohawk Industries, Inc., the Borrower, First Union National Bank of Georgia, Wachovia Bank of Georgia, N.A., and the other banks from time to time party thereto (as the same may be amended and modified from time to time, the "Credit Agreement").
This Note is one of the "Tranche B Loan Notes" in the aggregate principal amount of $100,000,000 and is issued pursuant to and entitled to the benefits of the Loan Agreement, to which reference is hereby made for a more complete statement of the terms and conditions under which the Loans evidenced hereby were made and are to be repaid.
Each Lender hereby agrees with Institutional Agent (i) to sell all or any part of its rights and obligations under the Tranche A Loan Notes to Purchasing Lenders only to the extent and at the same time it sells an equivalent pro rata portion of its rights and obligations under the Tranche B Loan Notes to such Purchasing Lenders and (ii) to cause each such Purchasing Lender to be bound by a similar restriction with respect to any such sales by it.
All references in the Credit Agreement and the other Loan Documents to the Tranche B Loan Notes shall mean the Tranche B Notes issued by Mohawk dated as of December 28, 1995, payable to the order of each respective Bank.
Loan notesKey management personnel hold 10.6% (2020: 10.6%) of the Tranche B Loan Notes at the balance sheet date.There have been no other loans or other transactions with key management personnel during the year (2020: none).
Each Lender hereby agrees with Agent (i) to sell participations of its interest in the Tranche A Loan Notes to any Participant only to the extent that at the same time it sells an equivalent pro rata participation of its interest in the Tranche B Loan Notes to such Participant and (ii) to cause each such Participant to be bound by a similar restriction with respect to sub-participations.