Tranche Four Loan definition

Tranche Four Loan means an amount up to $1,500,000, available upon satisfaction of the conditions precedent thereto.
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Examples of Tranche Four Loan in a sentence

  • The Tranche Four Loan shall be Advanced in one Advance, with such Advance to be made to the Borrower’s Account.

  • Upon satisfaction of the Tranche Four Loan conditions precedent set forth in Article 6, the Lender shall Advance the Tranche Four Loan to the Borrower.

  • Upon Advance, the commitment of the Lender to make the Tranche Four Loan shall expire.

  • The Borrower shall have delivered the Note in respect of the Tranche Two Loan, Tranche Three Loan, Tranche Four Loan or Tranche Five Loan, as applicable, in form and substance satisfactory to the Lenders and the Agent, duly executed by the Borrower.

Related to Tranche Four Loan

  • 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.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Term Loan as defined in Section 2.1.

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Tranche B Term Loan Maturity Date means June 30, 2022.

  • Revolving Loan Maturity Date means January 1, 2011, unless extended by Lender pursuant to any modification, extension or renewal note executed by the Borrower and accepted by Lender in its sole and absolute discretion in substitution for the Revolving Note.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Tranche A Term Loan as defined in Section 2.1.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • PIK Loan means a Loan to an Obligor, which provides for a portion of the interest that accrues thereon to be added to the principal amount of such Loan for some period of the time prior to such Loan requiring the cash payment of interest on a monthly or quarterly basis.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Revolving Loan means a Loan made pursuant to Section 2.01.