Tranche 1 Revolving Loan definition

Tranche 1 Revolving Loan means a loan made by a Tranche 1 Revolving Lender to the Borrower pursuant to Section 2.1.(a)(i).
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Tranche 1 Revolving Loan any Revolving Loan made in respect of a Tranche 1 Revolving Commitment.
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Tranche 1 Revolving Loan means a Loan denominated in a Committed Currency and made pursuant to Section 2.01(d)(i). Each Tranche 1 Revolving Loan shall be a Eurocurrency Loan or an ABR Loan.
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Examples of Tranche 1 Revolving Loan in a sentence

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  • No later than the tenth Business Day of each month, a Borrowing Base Certificate from each Borrower of a Tranche 1 Revolving Loan or on whose account a Tranche 1 Letter of Credit has been issued as of the last day of the immediately preceding month, executed by an Authorized Officer of such Borrower.

  • Notwithstanding anything to the contrary, no Lender nor the Issuing Agent shall be required to make any Tranche 1 Revolving Loan or issue any Tranche 1 Letter of Credit to a Borrower whose Borrowing Base immediately upon giving effect to such Credit Event would be less than 100% of the Secured Obligations of such Grantor as confirmed by the Custodian and the Collateral Agent to the Administrative Agent immediately prior to such Credit Event.

  • Each Tranche 1 Revolving Loan shall be made as part of a Borrowing consisting of Tranche 1 Revolving Loans made by the Tranche 1 Revolving Lenders ratably in accordance with their respective Tranche 1 Revolving Commitments.

  • On the Tranche 1 Revolving Loan Commitment Termination Date, each Borrower shall repay in full the outstanding principal balance of the Tranche 1 Revolving Loans made to it.

  • Notwithstanding the foregoing, at no time shall (x) the Dollar Amount of the Multicurrency Tranche 1 Revolving Credit Obligations exceed the Aggregate Multicurrency Tranche 1 Revolving Loan Commitment or (y) the amount of the US Tranche 1 Revolving Credit Obligations exceed the Aggregate US Tranche 1 Revolving Loan Commitment.

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  • Accrued Tranche 1 Letter of Credit Fees shall be due and payable quarterly in arrears on each Quarterly Payment Date and on the first date after the termination of the Total Tranche 1 Revolving Loan Commitment on which no Tranche 1 Letters of Credit remain outstanding.


More Definitions of Tranche 1 Revolving Loan

Tranche 1 Revolving Loan means (a) an Original Revolving Loan or (b) a Loan made pursuant to paragraph (b) of Section 2.01.
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Tranche 1 Revolving Loan shall have the meaning set forth in Section 1.01(f).
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Tranche 1 Revolving Loan means, as the context may require, a Multicurrency Tranche 1 Revolving Loan or a US Tranche 1 Revolving Loan.
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Related to Tranche 1 Revolving Loan

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • New Revolving Loan has the meaning specified in Section 2.14(a).

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

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • 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

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

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

  • New Revolving Loans as defined in Section 2.25.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

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

  • Revolving Loans as defined in Section 2.4(a).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.