Tranche C Term Commitment definition
Examples of Tranche C Term Commitment in a sentence
The Borrowing of such Term Loans shall be allocated in accordance with each Term Lender’s Tranche C Term Commitment.
Each Term Lender’s Tranche C Term Commitment shall terminate immediately and without any further action upon the making of such Term Loan by such Term Lender or, if earlier, upon the earliest to occur of (x) 5:00 p.m., (New York time) on the Tranche C Commitment Termination Date (the “Tranche C Funding Deadline”), (y) the Tranche A Funding Deadline if the Effective Date has not occurred by such time and (z) the Tranche B Funding Deadline if the Tranche B Funding Date has not occurred by such time.
By executing a Lender Consent Letter, each Person providing a Tranche C Term Commitment shall be deemed to have become a Lender (if not already so deemed) for all purposes hereof.
Within 5 Business Days of any borrowing of Tranche C Term Loans, the Administrative Agent shall deliver to each Tranche C Term Lender, an amortization schedule substantially in the form of subsection 4.3(a) and a revised Schedule 1.1 reflecting the Tranche C Term Commitment of each Tranche C Term Lender.
Subject to the terms and conditions set forth herein, (i) each Initial Term Lender severally agrees to make to the Borrower a single loan denominated in Dollars in an amount equal to such Initial Term Lender’s Initial Term Commitment on the Closing Date and (ii) each Tranche C Term Lender severally agrees to make to the Borrower a single loan denominated in Dollars in an amount equal to such Tranche C Term Lender’s Tranche C Term Commitment on the Second Amendment Effective Date.