Special Production Tranche definition

Special Production Tranche means, with respect to each Designated Picture, a portion of the Revolving Credit Commitments equal to the sum of the Strike Price for such Designated Picture, plus the amount of any enhancements committed to be funded by a Credit Party or Special Purpose Producer for such Designated Picture, plus to the extent not already included in one of the foregoing items, an interest reserve for the period through the projected date of Completion of such Designated Picture.
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Special Production Tranche shall have the meaning assigned to it in the Senior Credit Facility in effect on the Issue Date (as such Senior Credit Facility may be amended, restated, or otherwise modified from time to time in a manner which is not materially adverse when taken as a whole to the Holders in the good faith judgment of the Issuer as certified to the Trustee in an Officers’ Certificate).
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Special Production Tranche means, with respect to each Designated Picture, a portion of the Total Commitments equal to the sum of amounts theretofore funded for such Designated Picture with Loans hereunder plus the Completion Reserve for that Designated Picture.
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Examples of Special Production Tranche in a sentence

  • Each such notice in order to be effective must be received by the Administrative Agent not later than 2:00 p.m., New York City time, on the day required and shall specify the date (which shall be a Business Day) on which such Loan is to be made, the aggregate principal amount of the requested Loan, and, if applicable, the portion of the Loan being made under a Special Production Tranche.

  • Use the proceeds of Loans -------------------------- made under a Special Production Tranche for purposes other than to fund production of the relevant Designated Picture.

  • Conditions Precedent to Loans and/or Letters of Credit under the Special Production Tranche.

  • The Administrative Agent shall have received from the Borrowers a written notice containing the details of the Designated Picture involved and declaring an appropriate portion of the Total Commitments as being reserved as part of the Special Production Tranche for such Designated Picture and specifying whether the Loans to finance the production of such Designated Picture are to be made to the Borrowers or directly to a Special Purpose Producer.

  • Use the proceeds of Loans made under a Special Production Tranche for purposes other than to fund production of the relevant Designated Picture unless such Designated Picture has been Completed and all costs of production have been paid or provided for.

Related to Special Production Tranche

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Financial Product means any securities, futures contracts or leveraged foreign exchange contracts as defined under the SFO. Regarding “leveraged foreign exchange contracts”, it is only applicable to those traded by persons licensed for Type 3 regulated activity.

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

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

  • 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).

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

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

  • Commercial Product means any such product as defined in FAR 2.101.

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

  • Commercial project means any project, including, but not

  • Tranche Period means, with respect to any Purchaser Interest held by a Financial Institution:

  • Subsequent Interest Period has the meaning specified in Section 307.

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

  • 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.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Special Notice Currency means at any time an Alternative Currency, other than the currency of a country that is a member of the Organization for Economic Cooperation and Development at such time located in North America or Europe.

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

  • Initial Revolving Loan means any revolving loan made by the Initial Revolving Lenders to the Borrower pursuant to Section 2.01(a)(ii).

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”