Foreign Tranche definition
Examples of Foreign Tranche in a sentence
All payments of principal and interest in respect of this Note shall be made in [lawful money of the United States of America] [the single currency of the European Union] in same day funds at the Principal Office of Administrative Agent designated for [U.S. Tranche B Term Loans] [Foreign Tranche B Term Loans] or at such other place as shall be designated in writing for such purpose in accordance with the terms of the Credit Agreement.
Any such request shall be subject to the approval of the Administrative Agent, each Person (including any existing Lender) with a commitment under such Foreign Tranche (each an “Foreign Tranche Lender”) and, in the case of any such request with respect to the issuance of Letters of Credit, the L/C Issuer.
No Foreign Tranche Lender or the L/C Issuer shall be under any obligation to approve any such request and the decision whether to approve such request shall be in such Lender’s sole and absolute discretion.
In the case of any such request the Administrative Agent shall promptly notify each Foreign Tranche Lender thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall promptly notify the L/C Issuer thereof.
Any failure by a Foreign Tranche Lender or the L/C Issuer, as the case may be, to respond to such request shall be deemed to be a refusal by such Lender or the L/C Issuer, as the case may be, to approve such request.
The Principles: The guarantees and security to be provided in support of the Foreign Tranche A Term Loans, the Foreign Tranche B Term Loans and the Foreign Revolving Commitments will be given in accordance with the agreed security principles set out in this Schedule 1.01(e).
This Note is one of the Tranche B Term Loan Notes for [U.S.] [Foreign] Tranche B Term Loans in the aggregate principal amount of [$1,003,100,000] [€300,000,000] and is issued pursuant to and entitled to the benefits of the Credit Agreement, to which reference is hereby made for a more complete statement of the terms and conditions under which the Loan evidenced hereby was made and is to be repaid.
Tranche A Advances made by a Domestic Tranche A Lender or a Foreign Tranche A Lender in accordance with Section 3.6 of this Schedule “P” shall be in the form of Tranche A CDOR Advances.
The Principles: The guarantees and security to be provided in support of the Foreign Tranche A Term Loans, the Foreign Tranche B Term Loans and the Foreign Revolving Commitment will be given in accordance with the agreed security principles set out in this Schedule 1.01(e).
In the event of a suspension of the Borrower’s right to request Tranche B Advances (including conversions and extensions thereof) from one or more Foreign Tranche B Lenders under Section 4.10 (each a “Tranche B Affected Lender”), each Tranche B Affected Lender shall, concurrently with the notice described in Section 4.10, seek alternative sources of funding the Tranche B Advances and, if sufficient funds are obtained, shall notify the Borrower as to when such funds will be available for Tranche B Advances.