Existing Tranche B Loan definition

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 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%)-- - -New Tranche B Loan" means the Utility Stock Pledge Agreement (65%)-- - -New 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 New 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%)-- -
Sample 1
Existing Tranche B Loan has the meaning set forth in the first recital hereto.
Sample 1Sample 2
Existing Tranche B Loan means the outstanding “Tranche B Loan” under the Existing Credit Agreement as of the Closing Date.
Sample 1

Examples of Existing Tranche B 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.

  • The Existing Tranche A Loan Refinancing and the Existing Tranche B Loan Repayment shall have occurred (or shall occur substantially concurrently with the Second Restatement Date).

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

  • 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 Revolving Loans and N.Z. Swingline Loans, and the Letters of Credit, are to be used on the Second Restatement Date to finance the Existing Tranche B Loan Repayment and thereafter from time to time for working capital and other general corporate purposes of the Borrowers and their Subsidiaries.

  • 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.


More Definitions of Existing Tranche B Loan

Existing Tranche B Loan means a “Tranche B Loan” as defined in the First Amended and Restated Credit Agreement.
Sample 1
Existing Tranche B Loan has the meaning specified in subsection 2.1E.
Sample 1

Related to Existing Tranche B Loan

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

  • 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.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

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

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

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A 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.

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

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

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

  • 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.

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

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

  • Tranche B Term Loan as defined in Section 2.1.

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

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

  • 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.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

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

  • 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.

  • Tranche B Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TCCI pursuant to Section 2.1(b) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche B Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

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

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.