Tranche A Term Loans Clause Samples
The 'Tranche A Term Loans' clause defines a specific portion of a loan facility, typically representing the initial or primary segment of term loans provided under a credit agreement. This clause outlines the amount, interest rate, repayment schedule, and other key terms that apply exclusively to Tranche A, distinguishing it from other tranches such as Tranche B or revolving credit facilities. For example, Tranche A may have a shorter maturity or lower interest rate compared to other tranches. Its core practical function is to clearly delineate the terms and conditions applicable to this segment of the loan, ensuring both lender and borrower understand their respective rights and obligations regarding this portion of the financing.
Tranche A Term Loans. Subject to the terms and conditions set forth herein, each Tranche A Term Loan Lender agrees to make one or more Tranche A Term Loans to the Borrower on the Effective Date in a principal amount not exceeding its Tranche A Term Loan Commitment. Amounts prepaid or repaid in respect of Tranche A Term Loans may not be reborrowed.
Tranche A Term Loans. Each Lender with a Tranche A Term Loan Commitment severally agrees to lend to Company on the Effective Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche A Term Loan Commitments to be used for the purposes identified in subsection 2.5A. The amount of each Lender's Tranche A Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate amount of the Tranche A Term Loan Commitments is $225,000,000; provided that the Tranche A Term Loan Commitments of Lenders shall be adjusted to give effect to any assignments of the Tranche A Term Loan Commitments pursuant to subsection 10.1B. Company may make only one borrowing under the Tranche A Term Loan Commitments. Amounts borrowed under this subsection 2.1A(i) and subsequently repaid or prepaid may not be reborrowed.
Tranche A Term Loans. Each Tranche A Term Loan Lender severally -------------------- agrees to lend to Company on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche A Term Loan Commitments to be used for the purposes identified in subsection 2.5A. The amount of each Tranche A Term Loan Lender's Tranche A Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the ------------ aggregate amount of the Tranche A Term Loan Commitments is $30,000,000; provided that the Tranche A Term Loan Commitments of the Tranche A Term -------- Loan Lenders shall be adjusted to give effect to any assignments of the Tranche A Term Loan Commitments pursuant to subsection 10.1B. Each Tranche A Term Loan Lender's Term Loan Commitment shall expire immediately and without further action on the Closing Date if the Tranche A Term Loans are not made on or before that date. Company may make only one borrowing under the Tranche A Term Loan Commitments. Amounts borrowed under this subsection 2.1A(i) and subsequently repaid or prepaid may not be reborrowed.
Tranche A Term Loans. The Loan Parties hereby acknowledge that as of the Third Amendment Effective Date (prior to giving effect to advances made pursuant to the Third Amendment) the outstanding principal balance of the Tranche A Term Loan (formerly the “Term Loan” or “Term Loans” under and pursuant to the Agreement prior to giving effect to the Third Amendment) was $5,250,000. All such previously funded and currently outstanding “Term Loans” shall be redesignated herein on the Third Amendment Effective Date as Tranche A Term Loans and the Loan Parties hereby reaffirm all of their repayment obligations with respect thereto on the terms set forth herein. On the Third Amendment Effective Date, subject to the terms and conditions hereof, each Lender agrees, severally (and not jointly) on a Pro Rata basis to make a Tranche A Term Loan to the Borrowers in the amount of such Lender’s Tranche A Reload Commitment, such that after giving effect thereto, each Lender shall have (after giving effect to the Tranche A Term Loans previously funded and outstanding under the Agreement and the Tranche A Term Loans funded on the Third Amendment Effective Date) outstanding Tranche A Term Loans in a principal amount equal to its respective Tranche A Term Loan Commitment as of the Third Amendment Effective Date. The Tranche A Term Loan Commitment and the Tranche A Reload Commitment of each Lender shall expire upon the funding by Lenders of the Tranche A Term Loans. Once repaid, whether such repayment is voluntary or required, Tranche A Term Loans may not be reborrowed.
Tranche A Term Loans. Each Tranche A Term Loan Lender having an Original Tranche A Term Loan Commitment severally agrees to lend to Company on the Closing Date and on the Merger Date an aggregate amount not exceeding its pro rata share of the aggregate amount of the Original Tranche A Term Loan Commitments, which pro rata share is set forth opposite its name on SCHEDULE 2.1 attached hereto, each Tranche A Term Loan Lender having an Additional Tranche A Term Loan Commitment severally agrees to lend to Company on the Second Amended and Restated Credit Agreement Closing Date an amount not exceeding its pro rata share of the aggregate amount of the Additional Tranche A Term Loan Commitments, which pro rata share is set forth opposite its name on SCHEDULE 2.1 attached hereto, and each Tranche A Term Loan Lender having a Second Additional Tranche A Term Loan Commitment severally agrees to lend to Company on the Third Amended and Restated Credit Agreement Closing Date an amount not exceeding its pro rata share of the aggregate amount of the Second Additional Tranche A Term Loan Commitments, which pro rata share is set forth opposite its name on SCHEDULE 2.1 attached hereto, in each case to be used for the purposes identified in subsection 2.5A; PROVIDED that prior to, or simultaneously with the funding of the initial Original Tranche A Term Loans, the Original Tranche B Term Loans shall have been funded in full. The amounts of each Tranche A Term Loan Lender's Original Tranche A Term Loan Commitment, each Tranche A Term Loan Lender's Additional Tranche A Term Loan Commitment and each Tranche A Term Loan Lender's Second Additional Tranche A Term Loan Commitment are set forth opposite such Tranche A Term Loan Lender's name on SCHEDULE 2.1 annexed hereto are set forth opposite such Tranche A Term Loan Lender's name on SCHEDULE 2.1 annexed hereto. The aggregate amount of the Original Tranche A Term Loan Commitments is $35,000,000, the aggregate amount of the Additional Tranche A Term Loan Commitments is $5,000,000, the aggregate amount of the Second Additional Tranche A Term Loan Commitment is $2,500,000 and the aggregate amount of the Tranche A Term Loan Commitments is $42,500,000; PROVIDED that the Tranche A Term Loan Commitments of the Tranche A Term Loan Lenders shall be adjusted to give effect to any assignments of the Tranche A Term Loan Commitments pursuant to subsection 10.1B. Each Tranche A Term Loan Lender's Original Tranche A Term Loan Commitment (i) shall expire immediately an...
Tranche A Term Loans. Borrower hereby promises to pay to -------------------- the Administrative Agent for the account of the Tranche A Term Loan Lenders, in repayment of the principal of the Tranche A Term Loans, the amounts set forth on Schedule 3.01(b) on the dates set forth on Schedule 3.01(b) (subject to ---------------- ---------------- adjustment for any prepayments permitted by Section 2.09 or required by Section 2.10 to the extent actually made).
Tranche A Term Loans. Each Tranche A Term Lender severally agrees to make a term loan to the Borrower on the Closing Date in an aggregate principal amount which does not exceed the amount of such Lender's Tranche A Term Loan Commitment. Amounts borrowed under this subsection 2.1(a)(i) and subsequently repaid may not be reborrowed.
Tranche A Term Loans. Each Lender that has a Tranche A Term Loan Commitment severally agrees to lend to Borrower on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche A Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the Tranche A Term Loans. The Notice of Borrowing shall specify (i) the proposed Funding Date (which shall be a Business Day), (ii) the amount of the borrowing, and (iii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche A Term Loan Commitments is $40,000,000; PROVIDED that the Tranche A Term Loan Commitments of Lenders shall be adjusted to give effect to (1) any assignments of the Tranche A Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in Tranche A Term Loans pursuant to subsection 2.1A(iv). Each Lender's Tranche A Term Loan Commitment shall expire immediately and without further action on March 31, 2002 if the Tranche A Term Loans have not been made on or before that date. Subject to subsection 2.1A(iv), Borrower may make only one borrowing under the Tranche A Term Loan Commitments. Amounts borrowed under this subsection 2.1A(i) and subsequently repaid or prepaid may not be reborrowed.
Tranche A Term Loans. Each Lender severally agrees (a) to lend to Company and U.K. Borrowers on the Closing Date (in the case of Tranche A Term Loans other than Delayed-Draw Term Loans) and (b) to lend to Company within 35 days after the Closing Date (in the case of Delayed-Draw Term Loans) an aggregate amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche A Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Loans made to U.K. Borrowers shall be made by Lenders in accordance with their respective Pro Rata Shares and shall be denominated and payable in Sterling, and the aggregate amount of such Loans shall not exceed (x) in the case of Loans made to UK Holding, (pounds)12,499,237.85 and (y) in the case of Loans made to ACI, (pounds)21,645,021.65. The original amount of each Lender's Tranche A Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate amount of the Tranche A Term Loan Commitments (1) to make Dollar Loans is $294,000,000 and (2) to make Sterling Loans is (pounds)34,144,259.50. Each Lender's Tranche A Term Loan Commitment shall expire immediately and without further action on June 30, 1997 if the initial Tranche A Term Loans are not made on or before that date, and each Lender's Tranche A Term Loan Commitment in respect of the Delayed-Draw Term Loans shall expire immediately and without further action on the date that is 35 days after the Closing Date in the event the Delayed-Draw Term Loans are not made on or before that date. Company may make only two borrowings, and each U.K. Borrower may make only one borrowing, under the Tranche A Term Loan Commitments. Amounts borrowed under this subsection 2.1A(i) and subsequently repaid or prepaid may not be reborrowed.
Tranche A Term Loans. Each Tranche A Term Loan Lender severally agrees, on the terms and conditions of this Agreement, to make a term loan to the Borrower in Dollars on the Effective Date in an aggregate principal amount up to but not CREDIT AGREEMENT exceeding the amount of the Tranche A Term Loan Commitment of such Lender. Thereafter the Borrower may Convert Tranche A Term Loans of one Type into Tranche A Term Loans of another Type (as provided in Section 2.09 hereof) or Continue Tranche A Term Loans of one Type as Tranche A Term Loans of the same Type (as provided in Section 2.09 hereof).