Maximum Tranche A Amount definition

Maximum Tranche A Amount means, in respect of Vessel A, $11,700,000.

Maximum Tranche A Amount means $30,000,000.

Maximum Tranche A Amount means, at any particular time, an amount equal to the Tranche A Revolving Loan Commitment of all Tranche A Revolving Lenders.

Examples of Maximum Tranche A Amount in a sentence

• Payable in arrears and fully earned on the first day of each month during the term of this Agreement, (i) for the ratable benefit of the Tranche A Lenders, an unused line fee in an amount equal to 0.5% per annum times the Average Unused Portion of the Maximum Tranche A Amount, and (ii) for the ratable benefit of the Tranche B Lenders, an unused line fee in an amount equal to 0.5% per annum times the Average Unused Portion of the Maximum Tranche B Amount.

• The aggregate amount of Tranche A Revolving Credit Advances outstanding shall not exceed at any time the lesser of (A) the Maximum Tranche A Amount and (B) the Tranche A Borrowing Base, in each case less the sum of the Letter of Credit Obligations and the Swing Line Loan outstanding at such time ("Tranche A Borrowing Availability").

• In the event that the Tranche A Lenders' Ratable Portion of the Outstandings are less than the Maximum Tranche A Amount as of the date of any Borrowing, such Borrowing shall be made first as a Tranche A Revolving Loan until the Tranche A Lenders' Outstandings that are Tranche A Revolving Loans (after giving effect to such Borrowing) equals the Maximum Tranche A Commitment as of such date, and the balance of such Borrowing shall be made as Tranche B Revolving Loans.

• Subject to the terms and conditions of this Agreement, during the Commitment Period applicable to the Tranche A Commitment, Agent shall make a Swing Loan or Swing Loans to Borrower in such amount or amounts as Borrower may from time to time request; provided that Borrower shall not request any Swing Loan hereunder if, after giving effect thereto, (a) the Tranche A Exposure would exceed the Maximum Tranche A Amount, or (b) the Swing Line Exposure would exceed the Swing Line Commitment.

• Payable in arrears and fully earned on the first day of each month during the term of this Agreement, (i) for the ratable benefit of the Tranche A Lenders, an unused line fee in an amount equal to [**]% per annum times the Average Unused Portion of the Maximum Tranche A Amount, and (ii) for the ratable benefit of the Tranche B Lenders, an unused line fee in an amount equal to [**]% per annum times the Average Unused Portion of the Maximum Tranche B Amount.

More Definitions of Maximum Tranche A Amount

Maximum Tranche A Amount means the amount up to the lesser of (i) $17,250,000; and (ii) 48% of the FMV of Vessel A as evidenced by the valuation received by the Agent under Clause 4.1 (Initial conditions precedent).

Maximum Tranche A Amount means the amount up to the lesser of (i) $26,000,000; and (ii) 47.5% of the FMV of Vessel A as evidenced by the valuation received by the Agent under Clause 4.1 (Initial conditions precedent).

Maximum Tranche A Amount. Maximum Tranche B-Prime Amount," "Maximum Tranche Sub-B Amount," "Total Commitment," "Tranche A Advance Availability," "Tranche A Commitment," "Tranche A Usage," "Tranche B-Prime Availability," "Tranche B-Prime Commitment," "Tranche B-Prime Usage," "Tranche Sub-B Advance Availability," "Tranche Sub-B Commitment," or "Tranche Sub-B Usage";"

Maximum Tranche A Amount means $100,000,000.

Maximum Tranche A Amount. Maximum Tranche B Amount," "Total Commitment," "Tranche A Advance Availability," "Tranche A Commitment," "Tranche A Usage," "Tranche B Availability," "Tranche B Commitment," or "Tranche B Usage";

Maximum Tranche A Amount means Two Hundred Fifty Million Dollars ($250,000,000), as such amount may be reduced pursuant to Section 2.6 hereof.

Maximum Tranche A Amount means $70,000,000.