Common use of Tranche C Advances Clause in Contracts

Tranche C Advances. Lender agrees, on the Forbearance Effective Date, to convert a portion of the outstanding principal amount of Lender’s Commercial Loans equal to Lender’s Tranche C Commitment into a term loan to the Borrowers (each amount so converted, a “Tranche C Advance” and, collectively, the “Tranche C Advances”). Any portion of the Tranche C Advances that is subsequently repaid or prepaid may not be reborrowed.

Tranche C Advances. Lender agreesagreed, on the Original Forbearance Effective Date, to convert a portion of the outstanding principal amount of Lender’s Commercial Loans equal to Lender’s Tranche C Commitment into a term loan to the Borrowers (each amount so converted, a “Tranche C Advance” and, collectively, the “Tranche C Advances”). Any portion of the Tranche C Advances that is subsequently repaid or prepaid may not be reborrowed.