Common use of Selection of Tranches Clause in Contracts

Selection of Tranches. The applicable Borrowers may borrow from one or more Tranches selected by the Company, but each Committed Borrowing within a Tranche shall be made in a currency permitted under such Tranche of the same Type made simultaneously by all Lenders with a Commitment with respect to such Tranche ratably according to their Commitments with respect to such Tranche.

Appears in 8 contracts

Samples: Credit Agreement (Host Hotels & Resorts L.P.), Credit Agreement (Host Hotels & Resorts L.P.), Credit Agreement (Host Hotels & Resorts L.P.)

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Selection of Tranches. The applicable Borrowers may borrow from one or more Tranches selected by the Company, but each Committed Revolving Borrowing within a Tranche shall be made in a currency permitted under such Tranche of the same Type made simultaneously by all Lenders with a Commitment with respect to such Tranche ratably according to their Commitments with respect to such Tranche.

Appears in 2 contracts

Samples: Credit Agreement (Host Hotels & Resorts L.P.), Credit Agreement (Host Hotels & Resorts L.P.)

Selection of Tranches. The applicable Borrowers A Borrower may borrow from one or more Tranches as selected by the CompanyParent Borrower in the applicable Loan Notice, but each Committed Borrowing within a Tranche shall be made in a currency permitted under such Tranche of the same Type made simultaneously by all Revolving Credit Lenders with a Commitment with respect to such Tranche and currency ratably according to their Commitments with respect to such TrancheTranche and currency.

Appears in 2 contracts

Samples: Credit Agreement (W. P. Carey Inc.), Credit Agreement (W. P. Carey Inc.)

Selection of Tranches. The applicable Borrowers A Borrower may borrow from one or more Tranches as selected by the CompanyCompany in the applicable Loan Notice, but each Committed Borrowing within a Tranche shall be made in a currency permitted under such Tranche of the same Type made simultaneously by all Revolving Credit Lenders with a Commitment with respect to such Tranche and currency ratably according to their Commitments with respect to such TrancheTranche and currency.

Appears in 1 contract

Samples: Credit Agreement (W. P. Carey Inc.)

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Selection of Tranches. The applicable Borrowers Borrower may borrow from one or more Tranches as selected by the CompanyBorrower, but each Committed Borrowing within a Tranche shall be made in a currency permitted under such Tranche of the same Type made simultaneously by all Revolving Credit Lenders with a Commitment with respect to such Tranche and currency ratably according to their Commitments with respect to such TrancheTranche and currency.

Appears in 1 contract

Samples: Credit Agreement (W. P. Carey Inc.)

Selection of Tranches. The applicable Borrowers Borrower may borrow from one or more Tranches as selected by the CompanyBorrower, but each Committed Borrowing within a Tranche shall be made in a currency permitted under such Tranche of the same Type made simultaneously by all Lenders with a Commitment with respect to such Tranche ratably according to their Commitments with respect to such Tranche.

Appears in 1 contract

Samples: Credit Agreement (Corporate Property Associates 16 Global Inc)

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