Examples of Tranche A Advance in a sentence
Each Lender’s obligation hereunder to make the Advances on the initial Funding Date shall be subject to the satisfaction of the conditions set forth in Sections 3.1 and 3.2. The amount of the requested Tranche A Advance on the initial Funding Date shall be seventy-two million dollars ($72,000,000).
Subject to the satisfaction of the conditions set forth in Sections 3.1 and 3.2 with respect to the Advances made on the initial Funding Date, the Tranche A Advance shall be disbursed by Agent after receipt from Lenders via wire transfer of funds to one or more accounts designated in writing by Borrowers in the Notice of Borrowing.
Borrowers may voluntarily prepay all or part of the Advances at any time; provided that Borrowers pay to Agent for the benefit of Lenders all accrued and unpaid payments of interest with respect to the Advance being prepaid due up to and including the date of prepayment and, in the case of a prepayment of the Tranche A Advance, the Exit Fee (if any).
The City is authorized to enter into the Continuing Disclosure Agreement in substantially the form attached hereto as Exhibit E.
The Facility Fee A will be deducted and withheld from the initial Tranche A Advance.