Tranche 1 Availability Period definition

Tranche 1 Availability Period means the period from and including the Restatement Effective Date to but excluding the earlier of the Tranche 1 Maturity Date and the date of termination of the Tranche 1 Commitments.
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Tranche 1 Availability Period means the period from and including the Effective Date to but excluding the earlier of (i) the Tranche 1 Availability Termination Date and (ii) the date of termination of the Tranche 1 Commitment.
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Tranche 1 Availability Period means the period from and including the Closing Date to the earliest of (i) December 31, 2020 (or such later date as may be agreed by the Lender Representative in its sole discretion), (ii) the date of termination of the Tranche 1 Commitments pursuant to Section 2.04(b), and (iii) the date of termination of the Aggregate Commitments of each Lender pursuant to Section 8.02.
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Examples of Tranche 1 Availability Period in a sentence

  • Although the customer‟s order was small compared to other customers, it made the company see opportunities in foreign market.

  • No Revolving Advance that constitutes a Tranche 2 Advance may remain outstanding for longer than the nine month anniversary of the first funding of any Tranche 2 Advance (the "Tranche 2 Availability Period"), but in any event must be repaid by the earlier of the end of the Tranche 1 Availability Period and the Tranche 2 Availability Period.

  • In the event of a spin-off that is not effected simultaneously with an initial public offering of the securities being distributed in the spin-off, the fair market value of the securities to be distributed to holders of Common Stock means the average of the Closing Sale Prices of those securities over the ten consecutive Trading Days following the effective date of the spin-off.

  • Advance that constitutes a Tranche 1 Advance may remain outstanding for more than an aggregate of eighteen months from the date any Tranche 1 Advance is made, and all Tranche 1 Advances and Tranche 2 Advances must be repaid in full on or prior to the eighteen month anniversary of the first funding of any Tranche 1 Advance (the "Tranche 1 Availability Period").

  • The obligation of each Lender to honor the Loan Notice with respect to the Borrowing of Tranche 1 Loans is subject to the requested funding date of the Tranche 1 Loans occurring during the Tranche 1 Availability Period.

  • Subject to the terms and conditions set forth herein, each Lender severally agrees to make a single Loan to the Borrower, in Dollars, on any Business Day during the Tranche 1 Availability Period in an amount equal to its Tranche 1 Commitment as of the Tranche 1 Funding Date (the “Tranche 1 Loans”).

  • Accrued commitment fee is payable to the Facility Agent quarterly in arrear from the date of this Agreement on (i) the earlier of first occurring Utilisation Date hereunder and the expiry of the Tranche 1 Availability Period, (ii) the Final Repayment Date, and (iii) for any Bank(s) on the cancelled amount of its Commitment(s) at the time the cancellation takes effect.

  • Any part of the Tranche 1 Commitments not borrowed hereunder shall be cancelled automatically at the close of business in London on the expiry of the Tranche 1 Availability Period.


More Definitions of Tranche 1 Availability Period

Tranche 1 Availability Period means the period commencing on the ----------------------------- Closing Date and ending on June 30, 2000.
Sample 1
Tranche 1 Availability Period means the period commencing ten (10) Business Days after the date of this Agreement and ending on 28 February 2021.
Sample 1

Related to Tranche 1 Availability Period

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Availability Period means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • Facility Period means the period beginning on the date of this Agreement and ending on the date when the whole of the Indebtedness has been paid in full and the Security Parties have ceased to be under any further actual or contingent liability to the Finance Parties under or in connection with the Finance Documents.

  • Available Commitment means a Lender’s Commitment minus:

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Maximum Credit means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time.

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).