Definition of Tranche B Term Loan Availability Period


Tranche B Term Loan Availability Period means the period commencing on the Effective Date and ending on September 30, 2015.
Sample 1

Examples of Tranche B Term Loan Availability Period in a sentence

Such fee shall be payable (i) upon any date on which an installment of the Tranche B Term Loan Commitments has been drawn and (ii) on the earlier of the expiration date of the Tranche B Term Loan Availability Period and the date the Tranche B Term Loan Commitments have been terminated or reduced to zero.
The Tranche B Term Loan will be available only during the Tranche B Term Loan Availability Period.
Tranche B Term Loan Availability Period means the period commencing on the date that Borrower provides Bank evidence satisfactory to Bank, in its reasonable discretion, that Borrower has a Tangible Net Worth of not less than Nine Million Dollars ($9,000,000) for the quarterly period ending June 30, 2010 and terminating on the earlier to occur of (i) the occurrence of an Event of Default and (ii) December 31, 2010.
Any undrawn portion of the Tranche B Term Loan Commitments shall be reduced to zero at the expiration of the Tranche B Term Loan Availability Period.