Main Tranche definition

Main Tranche is defined in Section 2.1.1.
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Main Tranche means the amount of the Facility so designated under Clause 2.1 (The Facility).
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Examples of Main Tranche in a sentence

  • The Agent may revise those adjustments from time to time, having regard to the amounts outstanding or committed under the Swing Line Tranche and the Main Tranche, so that the aggregate of the Advances made by the Swing Line Lender under the Revolving Credit reflects as closely as reasonably possible its overall Applicable Percentage of the Revolving Credit.

  • In addition, the Agent may, and shall at the request of the Overdraft Lender, from time to time require the Borrowers to obtain Advances under the Main Tranche and use the proceeds to repay the Overdraft Tranche, so that the aggregate of the Advances made by the Overdraft Lender under the Credit (having regard to Advances under the Overdraft tranche and the Main Tranche) reflects as closely as reasonably possible its overall Applicable Percentage of the Credit.

  • Accordingly, on the Obligations becoming due and payable under Section 8.2, each Lender shall do all such things, including purchase of participations by other Lenders in Advances made by the Overdraft Lender under the Overdraft Tranche or purchases of participations by the Overdraft Lender in Advances made by other Lenders under the Main Tranche, as shall be required to ensure that result.

  • Subject to Section 5.1.2, Advances under the Main Tranche shall be made by the Lenders and Advances under the Overdraft Tranche shall be made by the Overdraft Lender.

  • While the Swing Line Lender is the sole Lender making Advances under the Swing Line Tranche, its participation in Advances and payments (including standby fees) under the Main Tranche shall be reduced and the participation of the other Revolving Lenders under the Main Tranche shall be correspondingly increased as specified in Schedule A.

  • The Agent may also, and shall at the request of the Swing Line Lender, require the Borrower to obtain Advances under the Main Tranche and use the proceeds to repay the Swing Line Tranche, or vice versa, if doing so would result in the aggregate of the Advances made by the Swing Line Lender under the Revolving Credit reflecting more closely its overall Applicable Percentage of the Revolving Credit.

  • Subject to Section 9.1, Advances under the Main Tranche shall be made by the Revolving Lenders and Advances under the Swing Line Tranche shall be made by the Swing Line Lender.

  • Subject to Section 5.1.2, Advances under the Main Tranche shall be made by the Revolving Xxxxxxx and Advances under the Overdraft Tranche shall be made by the Overdraft Lender.

  • If BNS resigns as Overdraft Lender, a successor shall be agreed to by the Borrowers, the Required Lenders and the Agent, acting reasonably, in which case the affected Parties shall coordinate payments in respect of amounts outstanding under the Overdraft Tranche and the Main Tranche to change the adjustments contemplated in Section 5.1.2 to reflect the change in the Overdraft Lender.

  • Accordingly, on the Obligations becoming due and payable under Section 8.2, each Revolving Lender shall do all such things, including purchase of participations by other Lenders in Advances made by the Overdraft Lender under the Overdraft Tranche or purchases of participations by the Overdraft Lender in Advances made by other Revolving Lenders under the Main Tranche, as shall be required to ensure that result.

Related to Main Tranche

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

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

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

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

  • New Revolving Loans as defined in Section 2.25.

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

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

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

  • 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:

  • Single Tranche means the amount of the Financing allocated to the category entitled “Single Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

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

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

  • Extending Revolving Lender shall have the meaning given to such term in Section 2.22(a)(iii).

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

  • Competitive Loan Exposure means, with respect to any Lender at any time, the aggregate principal amount of the outstanding Competitive Loans of such Lender.

  • Other Revolving Credit Loans means one or more Classes of Revolving Credit Loans that result from a Refinancing Amendment.

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • Eurodollar Tranche the collective reference to Eurodollar Loans 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).