Examples of Term Loan Tranche 4 in a sentence
The Prepayment Fee in respect of Term Loan Tranche 4 shall be equal to an amount determined by multiplying the amount being prepaid (or required to be prepaid, if such amount is greater) by the following applicable percentage amount: (x) four percent (4.0%) for the first year following the Term Loan Tranche 4 Funding Date, (y) three percent (3.0%) for the second year following the Term Loan Tranche 4 Funding Date and (z) two percent (2.0%) thereafter.
On the date the Term Loan Tranche 4 is funded, Borrowers shall pay Agent, for the benefit of all Lenders committed to make the Term Loan Tranche 4 on the date of such borrowing, in accordance with their Pro Rata Shares, a fee in an amount equal to the aggregate amount of all the Term Loan Tranche 4 Commitments multiplied by one half of one percent (0.50%).
Borrowers shall use the proceeds of the Term Loan Tranche 2, Term Loan Tranche 3 and Term Loan Tranche 4 solely for (a) transaction fees incurred in connection with the Financing Documents and (b) working capital needs and for operating expenditures and capital expenditures of Borrowers and their Subsidiaries.
The Exit Fee shall be an amount equal to five percent (5.0%) multiplied by the aggregate principal amount of all Term Loans advanced to Borrower under Term Loan Tranche 4 and Term Loan Tranche 5 or any additional tranches after the date hereof (collectively the “Exit Fee Tranches” and each an “Exit Fee Tranche”) under this Agreement (regardless of any repayment or prepayment thereof).
So long as Agent has not waived the conditions to the funding of Loans set forth in Section 7.2 or Section 2.1, any Lender may deliver a notice to Agent stating that such Lender will not make a Term Loan Tranche 3 Loan or a Term Loan Tranche 4 Loan due to the non-satisfaction of one or more conditions to funding Loans set forth in Section 7.2 or Section 2.1, and specifying any such non-satisfied conditions.
Term Loan Tranche 4 Commencing on the Amortization Start Date, and continuing on the first day of each calendar month thereafter, Borrower shall pay to Agent as a principal payment on the Term Loan Tranche 4 an amount equal to the total principal amount of the Term Loan Tranche 4 made to Borrower divided by eighteen (18), for a eighteen (18) month straight-line amortization of equal monthly principal payments.
So long as Agent has not waived the conditions to the funding of Loans set forth in Section 7.2 or Section 2.1, any Lender may deliver a notice to Agent stating that such Lender will not make a Term Loan Tranche 4 Loan or a Term Loan Tranche 5 Loan due to the non-satisfaction of one or more conditions to funding Loans set forth in Section 7.2 or Section 2.1, and specifying any such non-satisfied conditions.
Borrowers shall use the proceeds of the Term Loan Tranche 4 for the consummation of Acquisitions approved by Agent and Lenders.
On the Closing Date, Borrowers shall pay Agent, for the pro rata benefit of all Lenders committed to make Term Loan Tranche 4, Term Loan Tranche 5 or Term Loan Tranche 6 on the Closing Date, a fee in an amount equal to $150,675.
The Prepayment Fee in respect of the Term Loan Tranche 4 shall be equal to an amount determined by multiplying the amount being prepaid (or required to be prepaid, if such amount is greater) by the following applicable percentage amount: (w) [***] percent ([***]%) for the first year following the Closing Date, (x) [***] percent ([***] %) for the second year following the Closing Date, (y) [***] percent ([***]%) for the third year following the Closing Date and (z) and [***] percent ([***]%) thereafter.