Maximum Tranche B Amount definition

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

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

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

Examples of Maximum Tranche B 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 B Revolving Credit Advances outstanding shall not exceed at any time the lesser of (A) the Maximum Tranche B Amount and (B) the Tranche B Borrowing Base ("Tranche B Borrowing Availability").

• Therefore, a large-scale construction project contracted by a nonresident enterprise that takes a year or more to complete will usually give rise to a resident branch.

• In each instance when the Tranche B Commitments are reduced, the amount of the Maximum Tranche B Amount and the Maximum Facility Amount shall be reduced on a Dollar-for-Dollar basis.

• The Borrower may, from time to time on any Business Day, voluntarily reduce the Maximum Tranche B Amount; provided, however, that all such reductions shall require at least one Business Day’s prior notice to the Administrative Agent and shall be permanent and irrevocable, and any partial reduction of the Maximum Tranche B Amount shall be in a minimum amount of $1,000,000 and in an integral multiple of $500,000.

More Definitions of Maximum Tranche B Amount

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

Maximum Tranche B Amount means One Hundred Million Dollars ($100,000,000), as such amount may be reduced pursuant to Section 2.6 hereof.

Maximum Tranche B Amount means the amount of up to the lesser of (i) thirty million six hundred thousand Dollars ($30,600,000); and (ii) sixty per cent (60%) of Vessel B as evidenced by the valuation received by the Agent under Clause 4.1 (Initial conditions precedent).

Maximum Tranche B Amount. Tranche B Availability", "Tranche B Advances", "Tranche B Commitment", "Tranche B Usage"

Maximum Tranche B Amount means $75,000,000.

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 B Amount means the amount of $50,000,000, as such amount may be reduced pursuant to the terms of this Agreement.