Examples of Tranche B Commitment in a sentence
The Tranche B Commitment of each Tranche B Lender shall be reduced to zero upon the funding of the Tranche B Loan on the Effective Date.
Upon at least one Business Day s prior written notice to the Administrative Agent, the Borrower may at any time in whole permanently terminate, or from time to time in part permanently reduce, the Unused Total Tranche A Commitment, the Tranche B Commitment, the Initial Tranche C Commitment and the Subsequent Tranche C Commitment.
Subject to the terms and conditions hereof, the Lender agrees to make a term loan (the “Tranche B Loan”) to the Borrower on the Closing Date in an amount not to exceed the amount of the Tranche B Commitment.
Once repaid, the Tranche B Loan may not be reborrowed and the Total Tranche B Commitment shall be automatically and permanently reduced by an amount equal to the amount so repaid.
Mandatory Prepayments, shall be applied first to principal amounts owing on the Term Loan A Note (and allocated equally between the Tranche A Commitment and the Tranche B Commitment) and, upon repayment in full of the Term Loan A Note and Term Loan A, then to principal amounts owing on the Term Loan B Note and Term Loan B.