First Tranche Loan definition

First Tranche Loan the first tranche of the Loan in the amount of RMB230,000,000 “Fourth Extension Agreement”the fourth extension agreement dated 31 March 2022 entered into by the Borrower and the Lender
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First Tranche Loan is defined in Section 2.1.
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First Tranche Loan the first tranche of the Loan in the amount of RMB230,000,000 “Group” the Company and its subsidiaries
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Examples of First Tranche Loan in a sentence

  • As the First Tranche Loan falls under the scope of the Subordination Agreement, the First Tranche Loan would be required to be further extended under the Subordination Agreement.

  • On 4 February 2020, the Borrower only drew the First Tranche Loan of RMB230,000,000 with the remaining Loan lapsed in accordance with the Loan Agreement.

  • The First Tranche Loan was divided into three parts: (a) RMB22,000,000 that would be due on 18 February 2020; (b) RMB34,000,000 that would be due on 2 August 2020; and (c) the remaining RMB174,000,000 that would be due on 3 February 2021 pursuant to the Loan Agreement, all of which were subsequently extended to 31 March 2021 pursuant to the First Extension Agreement and/or the Second Extension Agreement (where applicable).

  • The Final Dividend was paid by the Company on 12 February 2020 and it was then the Company’s plan to obtain other additional financing and/or utilise its internal resources to fulfill the repayment obligations of the First Tranche Loan.

  • Taking into the current financial conditions of the Company and the arrangement agreed with the Aetos Parties to resolve the outstanding payables pursuant to the Final Award, the Borrower and the Lender agreed to further extend the repayment date of the First Tranche Loan to enable the Company to repay the Aetos Parties in priority pursuant to the Subordination Agreement.

  • In the case of conflict or deviation in interpretation, the English version shall prevail.

  • The purpose of the First Tranche Loan was for the payment of the Final Dividend, or any other purpose as the Lender considers appropriate.

  • Completion of the Assignment of Loan Completion of the Assignment of Loan shall take place when the First Tranche Loan Consideration is paid by the Purchaser to the Loan Assignor, upon which all of the Loan Assignor’s rights and interests in the Loan shall be transferred to the Purchaser.

  • On 11 March 2021, the Borrower and the Lender entered into the Third Extension Agreement (as supplemented by the Supplemental Agreement to the Third Extension Agreement) in order to further extend the repayment date of the First Tranche Loan to 31 October 2021 and revised the loan amount to RMB251,558,852 by taking into account the unpaid interests charged on the First Tranche Loan.

  • The “Minimum Payment Amount” is equal to (i) the aggregate amount allocated, pursuant to Section 5.04 to the each of the First Tranche Loan, Second Tranche Loan and Third Tranche Loan to that extent that each such tranche of the Loan had been issued at the time of the Applicable Change of Control Payment, reduced by (ii) all payments made since the Closing Date pursuant to Section 4.04(a)(iii) and Section 4.04(a)(iv) with respect to the Loan.

Related to First Tranche Loan

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • 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).

  • Initial Loan is defined in Section 2.1.

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

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

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

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

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

  • B/A Equivalent Loan has the meaning assigned to such term in Section 2.06(j).

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

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

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Canadian Loan means an extension of credit by a Canadian Lender to the Canadian Borrower under Article II in the form of a Committed Loan or a Swing Line Loan.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Term Loan as defined in Section 2.1.

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

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Tranche C Lender means each Lender that has a Tranche C Commitment on Schedule 2.1 or any Lender to which a portion of the Tranche C Commitment hereunder has been assigned pursuant to an Assignment and Assumption.

  • U.S. Revolving Loan means Loans made by a Lender in respect of its U.S. Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(a) and/or Section 2.24.

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

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

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