Relevant Tranche definition

Relevant Tranche means, in respect of Vessel A, Tranche A, and in respect of Vessel B, Tranche B;

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Relevant Tranche means the Tranche which has been made available hereunder to finance the acquisition of the Relevant Vessel; and

Relevant Tranche means, in respect of Vessel A, Tranche A, in respect of Vessel B, Tranche B and in respect of Vessel C, Tranche C;

Examples of Relevant Tranche in a sentence

• On the date falling ninety (90) days after that on which a Mortgaged Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the relevant Borrower (or the Bank pursuant to the Security Documents), the Borrowers must prepay the Relevant Tranche.

• Tranche Assigned Aggregate Amount of Commitment/Loans under Relevant Tranche for all Lenders Amount of Commitment/ Loans under Relevant Tranche Assigned Revolving Loan Commitment/ Revolving Loans $ $ Effective Date , , .

• Interest on the Relevant Tranche shall be calculated on the basis of the actual number of days elapsed and a three hundred sixty (360) days year.

• On the date of completion of the sale of a Mortgaged Vessel the Borrowers must prepay the Loan by an amount equal to the greatest of (i) the Relevant Tranche, (ii) the amount of the Loan on the date on which such prepayment is required to be made multiplied by the Prepayment Ratio and (iii) such amount as would be required to ensure that the Security Value after such prepayment exceeds the Required Security Amount.

• On the date of completion of the sale of a Mortgaged Vessel the Borrowers must prepay the Loan by an amount equal to the greater of (i) the Relevant Tranche and (ii) the amount of the Loan on the date on which such prepayment is required to be made multiplied by the Prepayment Ratio.

More Definitions of Relevant Tranche

Relevant Tranche means, with respect to:

Relevant Tranche means the Tranche which has been made available hereunder to finance the acquisition of the Relevant Vessel; and 19

Relevant Tranche means, for the purposes of Clauses 4.3 and 4.4, Tranche A in respect of the sale or Total Loss of “GAS ICON” or “GAS SOPHIE” and Tranche B in respect of the sale or Total Loss of “GAS SIKOUSIS”, “GAS KALOGEROS” and “GAS ZAEL”

Relevant Tranche means the amount that has been made available to finance the acquisition of the Ship which has been sold or becomes a Total Loss or is the subject of the Shipbuilding Contract or Refund Guarantee in relation to which any of the events referred to in clause 7.7(b) has occurred.

Relevant Tranche means, in relation to a Ship, the Tranche which is drawn down in respect of that Ship;

Relevant Tranche means the Tranche relating to the Ship which is the subject of the relevant circumstances described in Clause 8.8.

Relevant Tranche means the 30-100% tranche of the Dow Jones CDX Series 8.