Facility B Tranche definition

Facility B Tranche means the part of the Total Facility B Commitment made available to the Borrowers in respect of the Acquisition of each of the Vessels, being an amount of up to USD 16,250,000 per Vessel.
Sample 1Sample 2
Facility B Tranche. 2 Issuing Bank means each Party identified in the recitals to this Agreement as a Facility B Tranche 2 Issuing Bank and any Facility B Lender which has become a Facility B Tranche 2 Issuing Bank pursuant to clause 5.12(a) (Appointment of additional Issuing Banks and Overdraft Banks) (and if there is more than one such Party, such Parties shall be referred to, whether acting individually or together, as the Facility B Tranche 2 Issuing Bank) provided that, in respect of a Credit Instrument issued or to be issued pursuant to the terms of this Agreement, the Facility B Tranche 2 Issuing Bank shall be the Facility B Tranche 2 Issuing Bank which has issued or agreed to issue that Credit Instrument under Facility B Tranche 2.
Sample 1
Facility B Tranche. 2 Overdraft Bank means each Party identified in the recitals to this Agreement as a Facility B Tranche 2 Overdraft Bank and any Facility B Lender which has become a Facility B Tranche 2 Overdraft Bank pursuant to clause 5.12(b) (Appointment of additional Issuing Banks and Overdraft Banks) (and if there is more than one such Party, such Parties shall be referred to, whether acting individually or together, as the Facility B Tranche 2 Overdraft Bank) provided that, in respect of a relevant Overdraft made available or agreed to be made available pursuant to the terms of this Agreement, the Facility B Tranche 2 Overdraft Bank shall be the Facility B Tranche 2 Overdraft Bank which has made available or agreed to make available that Overdraft Facility under Facility B Tranche 2.
Sample 1

Examples of Facility B Tranche in a sentence

  • The Borrowers shall repay the Facility B Tranches in one amount on the Termination Date applicable to the relevant Facility B Tranche.

  • The first such principal payment (Tranche 1) shall be due on March 1, 2016, and continue on the same day of each month thereafter until the Tranche 1 Maturity Date on which date the entire unpaid principal balance of the Facility B Tranche 1 Loan plus any and all accrued and unpaid interest shall be paid.

  • The obligation of each relevant Facility A Bank to contribute to the first Advance under Facility A Tranche 2 subject to the further condition that, at the date of the relevant Drawdown Notice and on the relevant Drawdown Date, Facility B Tranche 2 is drawn down in full.

  • Any Facility B Equipment Advances that are outstanding under Facility B Tranche A on the Facility B Tranche A Availability End Date shall be payable in thirty (30) equal monthly installments of principal, plus all accrued interest, beginning on December 30, 2006, and continuing on the same day of each month thereafter until paid in full.

  • The aggregate outstanding amount of Facility B Tranche A Equipment Advances and Facility B Tranche B Equipment Advances shall not exceed the Facility B Equipment Line.

  • Borrower may request Facility B Equipment Advances under Facility B Tranche A at any time from the date hereof through the Facility B Tranche A Availability End Date.

  • Borrower may request Facility B Equipment Advances under Facility B Tranche B at any time from the day after the Facility B Tranche A Availability End Date through the Facility B Tranche B Availability End Date.

  • The first principal payment of Tranche 2 shall be due on the first day of the calendar month following the first full calendar month after Borrower draws Tranche 2, and shall continue on the same day of each month thereafter until the Tranche 2 Maturity Date on which date the entire unpaid principal balance of the Facility B Tranche 2 Loan plus any and all accrued and unpaid interest shall be paid.


More Definitions of Facility B Tranche

Facility B Tranche any C/D Tranche, Eurodollar Tranche or Money Market Tranche in respect of Facility B Revolving Credit Loans.
Sample 1
Facility B Tranche. A Availability End Date" means November 30, 2006.
Sample 1
Facility B Tranche. A Equipment Advance" or "Facility B Tranche A Equipment Advances" means any Facility B Equipment Advance(s) made under Facility B Tranche A.
Sample 1
Facility B Tranche. B Availability End Date" means May 30, 2007. "Facility B Tranche B Equipment Advance" or "Facility B Tranche B Equipment Advances" means any Facility B Equipment Advances(s) made under Facility B Tranche B. "Letter of Credit Sublimit" means a sublimit for Letters of Credit under the Committed Line not to exceed (i) One Million Four Hundred Fifty Thousand Dollars ($1,450,000) through November 30, 2006 and (ii) Four Hundred Fifty Thousand Dollars ($450,000) thereafter.
Sample 1

Related to Facility B 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.

  • Facility B Commitment means a Facility B1 Commitment or a Facility B2 Commitment.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

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

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

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

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

  • Canadian Revolving Commitment means, as to each Canadian Revolving Lender, its obligation to make Canadian Revolving Loans to the Canadian Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Canadian Revolving Lender’s name on Schedule 2.01, in the Assignment and Assumption or other agreement pursuant to which such Canadian Revolving Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

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

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Term B Facility means the Term B Loan Commitments and the Term B Loans made hereunder.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Term Facility Commitment means the commitment of a Term Lender to make Term Loans, including Initial Term Loans and/or Other Term Loans.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

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

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

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Loan Tranche The Series 2006-2 Class B2 Notes will fund the Series 2006-2 AA (Class B2) Loan Tranche which shall have the following xxxxx:

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.