Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.
Examples of Tranche C Loan in a sentence
Any prepayment of a Eurocurrency Rate Loan or a Tranche C Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 3.5. Each such prepayment of Committed Loans shall be applied to the Committed Loans of the appropriate Lenders in accordance with their respective Pro Rata Shares.
In addition, the Permitted Third-Party Expenses Borrowing Base shall be determined in good faith by the Administrative Agent prior to and in connection with each new Tranche B Loan or Tranche C Loan, as the case may be, and may be redetermined in good faith by the Administrative Agent at any time and from time to time upon the occurrence and during the continuation of a Default.
Each Tranche C Loan shall be in an amount not to exceed the aggregate amount of all Permitted Invoices not used to support prior Borrowings of Tranche C Loans.
No Tranche C Loan shall be made prior to the due date for the payment of the Permitted Invoices with respect to which such Tranche C Loan is being made.
Copies of the Permitted Invoices supporting each Tranche C Loan shall be attached to the applicable Notice of Borrowing.