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 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.

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

Examples of Tranche 1 Facility in a sentence

• The Tranche 1 Facility Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

• Accrued Tranche 1 Facility Fees shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter and on the Final Maturity Date and, with respect to any Tranche 1 Facility Fee owing to any Tranche 1 Lender who is replaced pursuant to Section 1.13, on the date on which such Tranche 1 Lender is replaced.

• Accrued Tranche 1 Facility Fees shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter and on the Final Maturity Date and, with respect to any Tranche 1 Facility Fee owing to any Tranche 1 Lender which is replaced pursuant to Section 2.18, on the date on which such Tranche 1 Lender is replaced.

• Facility the Tranche 1 Facility and the Tranche 2 Facility, as applicable, and Facilities means both of them.

• Availability Period 1 in respect of the Tranche 1 Facility, the period commencing on Tranche 1 Facility Financial Close and ending on 31 May 2014; and 2 in respect of the Tranche 2 Facility, the period commencing on the later of 1 June 2014 and the Tranche 2 Facility Financial Close and ending on 1 January 2016.

• The “Tranche 1 Purchase Price” and the allocated purchase price for each Tranche 1 Facility is set forth on Schedule 2-A and the “Tranche 2 Purchase Price” and the allocated purchase price for each Tranche 2 Facility is set forth on Schedule 2-B.

• The “Tranche 1 Purchase Price” and the allocated purchase price for each Tranche 1 Facility is set forth on Schedule 2-A and the “Tranche 2 Purchase Price” and the allocated purchase price for each Tranche 2 Facility is set forth on Schedule 2-B, along with the portion of the Tranche 2 Purchase Price payable at the Tranche 2 ▇▇▇▇▇▇▇ Mac Closing (“Tranche 2 ▇▇▇▇▇▇▇ Mac Purchase Price”) and the portion payable at the Tranche 2 KeyBank Closing (“Tranche 2 KeyBank Purchase Price”).

• Subject to the terms of this Agreement, the Company (in the case of the Tranche 1 Facility or the Tranche 2 Facility) or any Borrower (in the case of the Tranche 3 Facility) may request an Advance by delivering to the Facility Agent by facsimile transmission (provided that the original is received by the Facility Agent prior to 10.00 a.m. on the proposed Utilisation Date) or letter, prior to 10.00 a.

• Tranche 1 Facility under which the Banks shall, when requested by a Borrower, make Advances during the Tranche 1 Commitment Period to the Borrowers up to an aggregate Original EUR Amount not exceeding the Tranche 1 Facility Amount; .

• The Financier must make the Tranche 1 Facility Commitment and the Tranche 2 Facility Commitment available to the Borrower on the terms of this agreement.

More Definitions of Tranche 1 Facility

Tranche 1 Facility means the Tranche 1 Commitments and the extensions of credit made hereunder by the Tranche 1 Lenders.

Tranche 1 Facility terminates on the Tranche 1 Termination Date.

Tranche 1 Facility means the term notes facility made available under this Agreement as described in Section 2.01(a).

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.

Tranche 1 Facility means the Tranche 1 senior unsecured multicurrency revolving loan facility granted to the Tranche 1 Borrower.