Tranche C Facility Sample Clauses
The Tranche C Facility clause defines the terms and conditions governing a specific portion of a larger loan or credit facility, known as Tranche C. This clause typically outlines the amount available under Tranche C, the interest rate, repayment schedule, and any unique covenants or requirements that differ from other tranches. For example, Tranche C may be used for a particular purpose, such as funding an acquisition or refinancing existing debt, and may have a longer maturity or different security arrangements. The core function of this clause is to clearly delineate the rights and obligations associated with this segment of the overall financing, ensuring both lender and borrower understand the specific terms that apply to Tranche C and reducing the risk of confusion or dispute.
Tranche C Facility. Subject to the terms of this Agreement, the Lenders make available to the Borrowers a revolving credit facility in an aggregate amount equal to the Total Tranche C Commitments.
Tranche C Facility. The Project Facility Lenders grant to the Company, upon the terms and subject to the conditions hereof, a US dollar term loan facility in an aggregate amount of USD36,331,208.
Tranche C Facility. The Tranche C Facility Lenders grant to the Company, upon the terms and subject to the conditions hereof, a US dollar revolving credit facility in an aggregate amount of USD13,000,000.
Tranche C Facility. The Hotel Facility Lenders grant to the Company, upon the terms and subject to the conditions hereof, a US dollar term loan facility in an aggregate amount of USD7,111,111.
Tranche C Facility. For commercial paper guaranteed by the Tranche C Banks, the Issuer shall pay fees and taxes as follows:
i. Guarantee Fee and Underwriting Fee: The total cost of commercial paper issuance (including the factoring rate, guarantee fee rate and underwriting fee rate, but excluding the bills depository and settlement service fee) is calculated based on 365 days a year and accrues at the reference rate under subparagraph (1) of this paragraph plus a margin of 1.40%. The Tranche C Banks shall adjust each interest (fee) rate on the condition that the total cost shall remain the same. Such fees shall be deducted directly from the purchase price payable to the Issuer under the commercial papers purchased in accordance with this Agreement by each Tranche C Bank also acting as the underwriter.
ii. Bills Depository and Settlement Service Fee The bills depository and settlement service fee is calculated based on the face value and the actual number of days issued based on the fee rates published by the Taiwan Depository and Clearing Corporation, which are borne by the Issuer and deducted directly from the purchase price payable to the Issuer under the commercial papers purchased in accordance with this Agreement by each Tranche C Bank also acting as the underwriter.
iii. Tax:
(i) Other than applicable bills split tax, which shall be borne by the ▇▇▇▇ ▇▇▇▇▇▇, the Tranche C Banks shall bear the business tax, stamp duty and relevant taxes generated from relevant bills guarantee fees and underwriting fees for the commercial paper issued by the Issuer.
(ii) Taxes on the purchase of commercial paper shall be borne by the Tranche C Banks that perform their Purchase Commitment.
(iii) Profit-seeking enterprise income tax incurred by the Tranche C Banks shall be borne by the Tranche C Banks themselves.
(iv) Unless otherwise provided in this Agreement, other relevant fees, costs and taxes for the issuance of commercial paper shall be borne by the Issuer.
iv. Upon expiry of the 3-month period after the Initial Drawdown Date, if none of the Issuer, the Issuer’s Parent or the Guarantor has any Event of Breach, the above annual interest rate margin shall be adjusted according to the earnings before tax margin based on the Corporate Guarantor’s latest accountant-audited annual consolidated financial report or reviewed second-quarter consolidated financial report, applicable to each Drawdown Date or Interest Adjustment Date after the submission of the above financial reports: X£0% 1.40%...
Tranche C Facility. Subject to Clause 9, the Borrowers shall repay the Tranche C Advances in full on 31st December, 2007 (or if not a Business Day, on the preceding Business Day).
Tranche C Facility. Subject to the terms of this Agreement, the Lenders make available to the Company a revolving credit facility denominated in Sterling in an aggregate amount equal to the Total Tranche C Commitments.
Tranche C Facility. During each 6-month period starting from the date of expiration of a 12-month period from the Initial Drawdown Date of this Credit Facility until the date of expiration of the Credit Period of this Credit Facility, if the Borrower’s actual average drawdown amount under the Tranche C Facility does not reach 60% of the Available Limit of the Tranche C Facility, the Borrower shall pay a commitment fee on daily basis based on a fee rate of 0.25% per annum on the shortfall. The commitment fee shall be paid to the Agent at the end of each period and shall be forwarded by the Agent to the Tranche C Banks in accordance with their Commitment Ratios.
Tranche C Facility use the proceeds of the Tranche C Facility to meet the general corporate requirements of the Borrower. Neither the Facility Agent nor any Lender shall have any responsibility to see to the application of the proceeds by the Borrower.
Tranche C Facility. Subject to the terms of this Agreement, the Lenders make available to the Borrowers a letter of credit facility in an aggregate amount equal to the Total Tranche C Commitments.