Existing Tranche A Loan definition

Existing Tranche A Loan has the meaning set forth in the first recital hereto. "Existing Tranche B Loan" has the meaning set forth in the first recital hereto. "Issuer" has the meaning set forth in the third recital hereto. "Lenders" has the meaning set forth in the first paragraph hereof. "Newco Spin" has the meaning set forth in the Credit Agreement. "Newco Stock" means the Capital Stock of Newco Energy Corporation, a California corporation. "New Tranche B Lender" means any Lender holding a New Tranche B Loan, in its capacity as the holder of such Loan. "New Tranche B Loan" has the meaning set forth in the second recital hereto. "Pledged Stock" means the shares of Capital Stock of the Issuer described on Annex A hereto, and any shares of Capital Stock of the Issuer at any time issued in respect of the Capital Stock described on Annex A hereto. "Pledgee" has the meaning set forth in the first paragraph hereof. "Pledgor" has the meaning set forth in the first paragraph hereof. "Proceeds" has the meaning given such term in the UCC. "Secured Obligations" has the meaning set forth in Section 1 hereof. "Securities Act" means the Securities Act of 1933, as amended and as in effect from time to time. "UCC" means the Uniform Commercial Code as in effect in the State of New York from time to time. "Utility Stock Pledge Agreement (65%)-Continued Tranche B Loan" means the Utility Stock Pledge Agreement (65%)- Continued Tranche B Loan, dated as of the date hereof, among the parties hereto, pursuant to which 65% of the common stock of the Issuer is being pledged to secure Obligations relating to the Continued Tranche B Loan. "Utility Stock Pledge Agreement (35%)-New Tranche B Loan" means the Utility Stock Pledge Agreement (35%)-New Tranche B Loan, dated as of the date hereof, among the parties hereto, pursuant to which 35% of the common stock of the Issuer is being pledged to secure the Secured Obligations. "Utility Stock Pledge Agreement (35%)-Continued Tranche B Loan" means the Utility Stock Pledge Agreement (35%)- Continued Tranche B Loan, dated as of the date hereof, among the parties hereto, pursuant to which the Collateral is being pledged to secure Obligations relating to the Continued Tranche B Loan. 3.
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Existing Tranche A Loan has the meaning set forth in the first recital hereto.
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Existing Tranche A Loan means the outstanding “Tranche A Loan” under the Existing Credit Agreement as of the Closing Date.
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Examples of Existing Tranche A Loan in a sentence

  • The proceeds of the Tranche A Loans will be used by the U.S. Borrower to finance a portion of the Existing Tranche A Loan Refinancing, the Existing Tranche B Loan Prepayment, to pay fees and expenses in connection therewith and for other general corporate purposes of the U.S. Borrower and its Subsidiaries.

  • The proceeds of the Existing Tranche A Loan and the Existing Tranche B Loan were used for the purposes set forth in the Existing Credit Agreement.

  • Accrued interest on the Existing Tranche A Loan and the Existing Tranche B Loan as of the Closing Date shall be payable on January 19, 2007 with the interest on the Tranche A Loan and the Tranche B Loan that accrues from and after the Closing Date, subject to the deemed payments and credits as contemplated by Section 2.03(e), (f) and (g).

  • The proceeds of the Tranche A Loans will be used by the U.S. Borrower on the Second Restatement Date to finance the Existing Tranche A Loan Refinancing, the Existing Tranche B Loan Repayment and to pay fees and expenses in connection therewith.

  • As of the Closing Date, the outstanding principal amount of the Existing Tranche A Loan is as set forth on the Closing Statement, and the accrued and unpaid interest thereon is as set forth on the Closing Statement.


More Definitions of Existing Tranche A Loan

Existing Tranche A Loan shall have the meaning provided in the recitals hereto.
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Existing Tranche A Loan has the meaning specified in subsection 2.1E.
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Related to Existing Tranche A Loan

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

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Tranche A Term Loan as defined in Section 2.1.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Tranche A Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche A Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Tranche A Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Lenders’ Tranche A Commitments is $100,000,000.

  • Initial Revolving Loan means a Revolving Facility Loan made (i) pursuant to the Revolving Facility Commitments in effect on the Closing Date (as the same may be amended from time to time in accordance with this Agreement) or (ii) pursuant to any Incremental Revolving Facility Commitment on the same terms as the Revolving Facility Loans referred to in clause (i) of this definition.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Term B Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term B Commitments at such time and (b) thereafter, the aggregate principal amount of the Term B Loans of all Term B Lenders outstanding at such time.

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Tranche B Facility means the aggregate of the Tranche B Commitments.