Tranche 1 Facility definition

Tranche 1 Facility means the “Tranche 1” revolving facility established pursuant to Section 2.1 of this Agreement and the Tranche 1 Loans and Tranche 1 Commitments thereunder.
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Tranche 1 Facility means the Tranche 1 Commitments and the extensions of credit made hereunder by the Tranche 1 Lenders.
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Tranche 1 Facility means the facility in which Tranche 1 Banks shall participate in the liability of Letters of Credit with aggregate Effective Amount of L/C Obligations not in excess of the aggregate of the Tranche 1 Commitments, subject to Section 3.03(b) and the definition of "Pro Rata Share," unless increased or reduced from time to time pursuant to the terms of this Agreement.
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Examples of Tranche 1 Facility in a sentence

  • On 30.3.2017, the SBLC Tranche 1 Facility Agreement as well as SBLC Tranche 2 Facility Agreement came to be amended by way of Deed of amendment to both the Tranche 1 and Tranche 2 LOC / SBLC Facility Agreements, inter alia, mentioning as under: 2.

  • Below the operating profit, net financial interests decreased by 14% in the fourth quarter and by about 17% in the entire year, due to the combined effect of the reduction of the average debt and the relative cost following the early partial redemption of Euro 60 million of the High Yield Bonds undertaken by the Group in June 2011.In June 2012, the Group repaid about Euro 80 million of Senior debt related to the Facility A1 – Tranche 1, Facility A2 and A3.

  • Design and Monitoring Framework for Tranche 1 Facility Administration Manual Purpose and Process The facility administration manual (FAM) describes the essential administrative and management requirements to implement the project on time, within budget, and in accordance with the policies and procedures of the Government of India and Asian Development Bank (ADB).

  • While affirming the validity of some elements of environmentalist concerns, each serial also proposes that the ends do not always justify the means.

  • The FAS 140 implementation guide, noted later, provides a good reference table for evaluating call options and ROAPS.

  • Upon acceleration, or prior to the 4th anniversary of the first advance date, prepayment is only allowed subject to payment of the present value of the foregone Coupon to the 4th anniversary of the Tranche 1 Facility Advance date discounted at the repo rate.

  • As of September 30, 2015, with the Tranche 1 Facility fully drawn (see Note 11), all deferred financing costs have now been netted against the Facility.

  • First drawdown of the Facility occurred in October 2014 and as of September 30, 2015 the full amount of the Tranche 1 Facility was drawn.

  • Long-term debt outstanding consists of the following as at: September 30, 2015December 31, 2014Secured Tranche 1 Facility advances$ 160,000$ 68,573Unamortized deferred financing costs (Note 8)(11,958)(6,156) 148,04262,417Current portion(24,350)(4,340)Non-current portion$ 123,692$ 58,077 On September 2, 2014 Guyana Goldfields Inc.

  • Long-term debt outstanding consists of the following as at: March 31, 2015December 31, 2014Secured Tranche 1 Facility advances$ 106,473$ 68,573Unamortized deferred financing costs (Note 8)(9,113)(6,156) 97,36062,417Current portion(11,140)(4,340) $ 86,220$ 58,077 First drawdown of the Facility occurred in October 2014.


More Definitions of Tranche 1 Facility

Tranche 1 Facility a cash advance facility whereby the Banks, when requested by the Borrower pursuant to a Utilisation Notice, during the Tranche 1 Availability Period, will make Tranche 1 Advances in an aggregate amount which will not exceed the Tranche 1 Commitments; and
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Tranche 1 Facility means the Tranche 1 Term Loan Commitments and all Tranche 1 Term Loans made pursuant to the Tranche 1 Term Loan Commitments, and for purposes of Article VII hereof, the Tranche 1 Facility will be deemed to include, prior to the Tranche 1 Drawdown Date, the PTMI Principal Obligations and other PTMI Loan Rights held by each Tranche 1 Lender.
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Tranche 1 Facility means the Tranche 1 senior unsecured multicurrency revolving loan facility granted to the Tranche 1 Borrower.
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Tranche 1 Facility a working capital facility whereby the Banks, when requested by the Borrower pursuant to a Utilisation Notice, during the Tranche 1 Availability Period, will make Tranche 1 Advances in an aggregate amount which will not exceed the Tranche 1 Commitments;
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Tranche 1 Facility terminates on the Tranche 1 Termination Date.
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Tranche 1 Facility means the term notes facility made available under this Agreement as described in Section 2.01(a).
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Related to Tranche 1 Facility

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Tranche 2 has the meaning set forth in Section 2.2(a)(ii).

  • Tranche 1 January 1, 2015 through December 31, 2015, which is allotted 25% of the Target Award,

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Term A Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A Loans of all Term A Lenders outstanding at such time.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Facility A Commitment means, with respect to any Lender, the principal amount set out beside such Lender's name in Schedule V with reference to Facility A, as amended from time to time, and to the extent not cancelled or terminated hereunder.

  • 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.

  • Tranche A Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche A Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender's Tranche A Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Lenders' Tranche A Commitments is $50,000,000.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Term B Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term B Commitments at such time and (b) thereafter, the aggregate principal amount of the Term B Loans of all Term B Lenders outstanding at such time.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being US$830,000,000 at the date of this Agreement.

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

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

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

  • Facility B Commitment means, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09, (b) assignments by or to such Lender pursuant to Section 9.04 and (c) Section 2.22. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment or in the supplement to this Agreement pursuant to which such Lender shall have provided an additional Facility B Commitment in accordance with Section 2.22, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Tranche B Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TCCI pursuant to Section 2.1(b) 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 B 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.

  • Revolving Facility Commitment means, with respect to any Revolving Facility Lender, such Lender’s commitment to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Lender’s Revolving Facility Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04 and (c) increased (or replaced) as provided under Section 2.20. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 to the Original Credit Agreement, or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment (or Incremental Revolving Facility Commitment), as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments as of the Closing Date is $100,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.