Term Tranche definition

Term Tranche means the Term Commitments and the Term Loans.
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Term Tranche has the meaning set out in Section 2.1.
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Term Tranche. – means Eight Hundred Million Dollars ($800,000,000).
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Examples of Term Tranche in a sentence

  • Following a Designation Date, the Existing Term Loans held by such Lender so elected to be extended will be deemed to be Extended Term Loans of the applicable Extended Term Tranche, and any Existing Term Loans held by such Lender not elected to be extended, if any, shall continue to be “Existing Term Loans” of the applicable Tranche.

  • Despite USAA’s CSO’s lofty statements regarding cybersecurity in 2017, USAA’s configuration and design of its own systems that resulted in the Data Breach proved otherwise.

  • In the event that the aggregate amount of the Term Loans of the Specified Existing Tranche subject to Extension Elections exceeds the amount of Term Loans of the Extended Term Tranche requested pursuant to the Extension Request, Term Loans of the Specified Existing Tranche subject to Extension Elections shall be converted to Term Loans of the Extended Term Tranche on a pro rata basis based on the amount of Term Loans of the Specified Existing Tranche included in each such Extension Election.

  • Consumers Energy is requesting pricing for the following Product in connection with the relevant Tranche Term: Tranche Amount Product TypeLength Of TrancheTerm 1.5 Contract Price / Bid PriceThe Contract Price for ZRCs shall be in units of dollars per ZRC.

  • No Extension Amendment shall provide for any Extended Term Tranche in an aggregate principal amount that is less than $15,000,000 (or such lower principal amount as agreed to by the Administrative Agent in its reasonable discretion).

  • This fund shall be maintained separate and apart from all other accounts of the City.

  • The Loan shall consist of two tranches: (i) the Term Tranche, to be disbursed by Administrative Agent to Borrower in a single advance on the Effective Date pursuant to the terms herein, and (ii) the Expansion Tranche, which, if Borrower has elected to commence the construction of the Expansion, will be disbursed by Administrative Agent to Borrower in multiple advances as provided herein.

  • We invite other observers to perform independent observations to confirm our findings.Acknowledgments: We are grateful to Paolo Conconi (G.O.Le.M.) for his help in designing the calibration grating mask.

  • The program components correspond to the four principal tranches below, apart from the effectiveness tranche which accounted for SDR 22.4 million (equivalent to US$ 30.0 million).• The Short Term Tranche (SDR 29.85 million, equivalent to US$ 40.0 million) included actions in the areas covered by the PSAC program which were expected to be completed soon after effectiveness and thus ensure a smooth disbursement profile corresponding to GOT’s financing needs.

  • Any Lender (an “ Extending Lender ”) wishing to have all or a portion of its Term Loans of the Specified Existing Tranche converted into Term Loans of the Extended Term Tranche shall notify the Administrative Agent (each, an “ Extension Election ”) on or prior to the date specified in such Extension Request of the amount of its Term Loans of the Specified Existing Tranche that it has elected to convert into Term Loans of the Extended Term Tranche.


More Definitions of Term Tranche

Term Tranche means the tranche of Term Loans under the Term Loan Dollar Tranche Commitments and/or Term Loan Euro Tranche Commitments, as applicable.
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Term Tranche means a long-term Tranche.
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Term Tranche upon conversion of the 364 Day Tranche as provided in Section 2.6 below, a non-revolving one year term credit maturing on the Term Tranche Repayment Date in an amount equal to the principal amount outstanding on the date of conversion. Pursuant to Section 8.3 and Section 12.3(c), at no time shall outstanding principal amounts under the 364 Day Tranche or Term Tranche plus Breakage Costs exceed the Borrowing Base.
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Term Tranche means the five-year term loan facility provided by the Lenders to the Borrower pursuant to Section 2.01(b).
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Term Tranche means Eight Hundred Million Dollars ($800,000,000). Loan No. 1013851
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Related to Term Tranche

  • Existing Tranche has the meaning specified in Section 2.19(a).

  • 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).

  • Extended Tranche has the meaning specified in Section 2.19(a).

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

  • Term Commitments means an Initial Term Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Extended Loans has the meaning specified in Section 2.17(a).

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Extending Revolving Lender shall have the meaning given to such term in Section 2.22(a)(iii).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).