Each Tranche definition

Each Tranche. A Revolving Note shall represent the obligation of Borrower to pay the amount of each Tranche A Revolving Lender's Revolving Loan Commitment or, if less, the applicable Tranche A Revolving Lender's Pro Rata Share of the aggregate unpaid principal amount of all Tranche A Revolving Credit Advances to Borrower together with interest thereon as prescribed in Section 1.5. The entire unpaid balance of the Tranche A Revolving Loan and all other non-contingent Obligations shall be immediately due and payable in full in immediately available funds on the Commitment Termination Date.
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Each Tranche. B Note issued to a Tranche B Lender shall (i) be executed by Borrower, (ii) be payable to such Tranche B Lender or registered assigns and be dated the Funding Date therefor, (iii) be in a stated principal amount equal to the principal amount funded by such Tranche B Lender on such Funding Date, (iv) mature on the Maturity Date, (v) bear interest as provided in Section 2.3.2, (vi) be subject to mandatory repay-ment as provided in Section 2.5 and (vii) be entitled to the benefits of this Agreement and the other Operative Documents."
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Each Tranche. A-CHF Lender shall have, as of the Amendment and Restatement Date, Tranche A-CHF Term Loans in the amount set forth on Schedule 2.1 opposite such Lender's name under the heading "Tranche A-CHF Term Loans as of the Amendment and Restatement Date." The parties hereto acknowledge and agree that no Lender having a Tranche A-CHF Term Loan as of the Amendment and Restatement Date shall have any commitment to make any extension of credit on the Amendment and Restatement Date or at any other time in connection with its allocation of Tranche A- CHF Term Loans as of such date, other than the Payment Adjustments.
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Examples of Each Tranche in a sentence

  • Each Tranche shall be in the minimum amount of $1,000,000 and in multiples thereof or, in the case of Discount accruing at the Prime Rate, in any amount of Investment that otherwise has not been allocated to another Tranche Period.

  • Form of Notes Each Tranche of Notes with a maturity of more than 365 days will initially be represented by a Temporary Global Note, unless the applicable Pricing Supplement specifies otherwise, and each Tranche with a maturity of 365 days or less will initially be represented by a Permanent Global Note, unless the applicable Pricing Supplement specifies otherwise.

  • Each Tranche B Lender is hereby authorized (for the purpose of acceptance and/or purchase of Drafts pursuant to this Agreement) to complete and issue such Drafts endorsed in blank in such face amounts as may be determined by such Tranche B Lender; provided that the aggregate amount thereof is equal to the aggregate amount of Drafts required to be purchased by such Tranche B Lender.

  • Each Tranche B Lender agrees to provide such records to TCCI at TCCI’s expense upon request.

  • Each Tranche B Lender further agrees to retain such records in the manner and/or the statutory periods provided in the various Canadian provincial or federal statutes and regulations which apply to such Tranche B Lender.

  • Each Tranche B Lender shall maintain a record with respect to Drafts held by it in blank hereunder, voided by it for any reason, accepted and purchased by it hereunder, and cancelled at their respective maturities.

  • Each Tranche of Bearer Covered Bonds with an original maturity of more than one year is represented upon issue by a Temporary Global Covered Bond, unless the Final Terms specify otherwise, in particular, when the TEFRA C Rules apply.

  • Each Tranche is subject to a risk performance factor based on whether PNC has met or exceeded the CET1 Ratio as of the last day of each Performance Year.

  • Each Tranche A Revolver Lender shall timely honor its Tranche A Revolver Commitment by funding its Pro Rata share of each Borrowing of Tranche A Revolver Loans that is properly requested hereunder.

  • Each Tranche B Revolver Lender shall timely honor its Tranche B Revolver Commitment by funding its Pro Rata share of each Borrowing of Tranche B Revolver Loans that is properly requested hereunder.


More Definitions of Each Tranche

Each Tranche. A-CHF Lender which is a New Lender severally agrees, on the terms and conditions set forth herein, to make a single Tranche A-CHF Term Loan on the Second Amendment and Restatement Date in an amount set forth opposite such Lender's name on Schedule 1.7
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Related to Each Tranche

  • Existing Revolver Tranche has the meaning set forth in Section 2.16(b).

  • Extended Tranche has the meaning specified in Section 2.19(a).

  • LIBOR Tranche means the collective reference to LIBOR Rate Loans whose Interest Periods begin and end on the same day.

  • Loan Tranche The Series 2011-2 Class A1 Notes will fund the Series 2011-2 AAA (Class A1) Loan Tranche which shall have the following terms:

  • Eurocurrency Tranche the collective reference to Eurocurrency Loans under a particular Facility the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).