Examples of Tranche F Term Loan in a sentence
Each Lender severally agrees to make a term loan to Borrower on the Tranche F Closing Date in an original principal amount equal to such Lender’s Tranche F Term Loan Commitment (each, a “ Tranche F Term Loan” and, collectively, the “Tranche F Term Loans”).
Borrower shall issue, execute and deliver to each Lender to evidence such Lender’s Term Loan, (i) on the Tranche A Closing Date, a Tranche A Term Loan Note, (ii) on the Tranche B Closing Date, a Tranche B Term Loan Note, (iii) on the Tranche C Closing Date, a Tranche C Term Loan Note, (iv) on the Tranche D Closing Date, a Tranche D Term Loan Note, (v) on the Tranche E Closing Date, a Tranche E Term Loan Note, and (vi) on the Tranche F Closing Date, a Tranche F Term Loan Note.
The effectiveness of this Incremental Amendment, including the obligation of the Tranche F Term Lender to make a Tranche F Term Loan, is subject to the satisfaction or waiver of the following conditions (the date of such satisfaction or waiver of such conditions being referred to herein as the “Incremental Amendment Effective Date”): (a) Incremental Amendment.
On the Seventh Amendment Closing Date (after giving effect to the incurrence of Tranche F Term Loans on such date), the Tranche F Term Loan Commitment of each Lender shall terminate.
It is understood and agreed that the Tranche F Term Loans are “Incremental Loans”, the Tranche F Term Lender is an “Additional Lender,” the Tranche F Term Loan Commitment is an “Incremental Term Loan Commitment” and this Incremental Amendment is an “Incremental Commitment Amendment”, in each case, as defined in the Existing Credit Agreement.