New Tranche definition

New Tranche means each Tranche of Incremental Term Loans other than Initial Term Loans.
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New Tranche means an amount made or to be made available to Borrower B of up to eighty million and six hundred thousand Dollars (US$ 80,600,000).
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New Tranche means the tranche available to finance the New Vessels in an amount of up to eighty million and six hundred thousand Dollars (US$ 80,600,000).
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Examples of New Tranche in a sentence

  • CIHC will guaranty the New Tranche A Bank Debt and the New Tranche B Bank Debt and the obligations in respect thereof will be secured as contemplated by the New Credit Facility.

  • The New Tranche A Bank Debt and New Tranche B Bank Debt shall be issued in separate tranches as follows: (i) to Holders of Claims under the Senior Credit Facility, (ii) to Holders of Claims under or derived from the 1999 D&O Facility and (iii) to Holders of Claims under or derived from the other D&O Credit Facilities.

  • No fractions of New Tranche A Senior Notes shall be distributed under the Plan.

  • When any distribution pursuant to the Plan would result in the issuance of any New Tranche A Senior Note in an incremental principal amount of less than $1000 to a holder of an Allowed Claim, the holder of such Allowed Claim shall receive Cash in lieu of such fractional New Tranche A Senior Note.

  • The number of shares of New Common Stock available to be received in lieu of New Tranche B Senior Unsecured Notes shall be determined by dividing such Holder’s Conversion Pro Rata share of the Tranche B Conversion Notes by the value of a share of New Common Stock as provided in the Disclosure Statement.


More Definitions of New Tranche

New Tranche means each Tranche of Term Loans other than the Tranche of Initial Term Loans. “Non-Defaulting Lender” and “Non-Defaulting RL Lender” shall mean and include each Lender or RL Lender, as the case may be, other than a Defaulting Lender.
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New Tranche means any additional tranche, loan, facility or commitment.
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New Tranche means, in respect of each of the Continuing Vessels, such Continuing Vessel’s Proportion of the Advance to be attributed to it on the Drawdown Date as shown in the table set forth below, or, as the case may be, the outstanding principal amount of such Tranche from time to time: Continuing Vessel New Tranche M/S Stolt Concept USD 15,186,547.56 M/S Stolt Confidence USD 13,504,992.12 M/S Stolt Creativity USD 14,030,478.19 M/S Stolt Efficiency USD 14,555,964.27 M/S Stolt Effort USD 15,186,547.56 M/S Stolt Innovation USD 13,504,992.12 M/S Stolt Inspiration USD 14,030,478.19
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New Tranche has the meaning given to it in Recital (B).
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New Tranche has the meaning given to it in Clause 2.2(a).
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New Tranche means the New Tranche made available by the Lenders to the Borrower pursuant to the Loan Agreement and the terms of this Loan Supplement.
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New Tranche means Tranche E or Tranche F.
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