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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.
Sample 1Sample 2
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
Sample 1

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.

  • 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.

  • Facility the Tranche 1 Facility, the Tranche 2 Facility and the Tranche 3 Facility, as applicable, and Facilities, means all of them.

  • 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.

  • 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.

  • At the Closing of the Tranche 1 Facilities, Seller shall deliver to Buyer a counterpart termination (the “Auburn Termination”) of the Lease Agreement between Buyer, as tenant, and Seller, as landlord, dated as of February 26, 1996, as amended for the Tranche 1 Facility located in Auburn, Massachusetts, duly executed and acknowledged by Seller, as in the form reasonably agreed to by Buyer and Seller, along with a release in recordable form with respect to the Auburn Facility.

  • 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.

  • 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.


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.
Sample 1
Tranche 1 Facility means the term notes facility made available under this Agreement as described in Section 2.01(a).
Sample 1
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.
Sample 1
Tranche 1 Facility terminates on the Tranche 1 Termination Date.
Sample 1
Tranche 1 Facility means the Tranche 1 senior unsecured multicurrency revolving loan facility granted to the Tranche 1 Borrower.
Sample 1

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 means the amount of [**] to be applied in payment of the third pre-delivery instalment due by the Borrower to the Builder under the Building Contract to be advanced by the Lenders on a Drawdown Date by way of their Contributions thereto;

  • 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 each Facility A Lender, the commitment, if any, of such Lender to make Facility A Revolving Loans and to acquire participations in Facility A Letters of Credit, Facility A Protective Advances and Facility A Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility A Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility A Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility A Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility A Commitments is $150,000,000.

  • 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, as to each Lender, its obligation to (a) make Committed Loans to the Tranche A Borrowers pursuant to Section 2.1(a) 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 A 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; provided that (a) the Tranche A Commitments available to TKG shall not exceed US$500,000,000 in the aggregate for all Lenders, (b) the Tranche A Commitments available to TCPR shall not exceed US$1,000,000,000 in the aggregate for all Lenders and (c) the Tranche A Commitments available to TLG shall not exceed US$500,000,000 in the aggregate for all Lenders.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • 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 the Term B Loan Commitments and the Term B Loans made hereunder.

  • 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 US$250,000,000 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 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

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

Most Referenced Clauses

Most Referenced Definitions