Tranche 1 Revolving Loans definition

Tranche 1 Revolving Loans shall have the meaning provided in Section 1.01(a).
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Tranche 1 Revolving Loans means Revolving Loans made in respect of Tranche 1 Revolving Credit Commitments.
Sample 1
Tranche 1 Revolving Loans means Revolving Loans made in respect of Tranche 1 Revolving Commitments.
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Examples of Tranche 1 Revolving Loans in a sentence

  • Notwithstanding anything to the contrary, Tranche 1 Revolving Credit Loans shall not be made as Revolver Adjusted Daily Simple SOFR Loans unless at the time of any applicable Borrowing or the commencement of any Interest Period in respect thereof, the applicable Revolver Adjusted Term SOFR Rate or Revolver Term SOFR Rate is not available temporarily or permanently, in which case Tranche 1 Revolving Loans may be incurred or converted to Revolver Adjusted Daily Simple SOFR Loans pursuant to Section 3.07.

  • The Borrower shall pay to the Tranche 1 Revolving Lenders amounts payable, if any, to such Lenders under Section 5.4. as a result of the prepayment of any such Tranche 1 Revolving Loans.

  • Within the foregoing limits and subject to the terms and conditions of this Agreement, the Borrower may borrow, repay and reborrow Tranche 1 Revolving Loans.

  • Notwithstanding the immediately preceding two sentences but subject to Section 2.16., a borrowing of Tranche 1 Revolving Loans may be in the aggregate amount of the unused Tranche 1 Revolving Commitments.

  • In addition to borrowings of Tranche 1 Revolving Loans, at any time during the period from the Effective Date to but excluding the Revolving Termination Date, and so long as the Borrower continues to maintain an Investment Grade Rating from any two Ratings Agencies, the Borrower may, as set forth in this Section, request the Tranche 1 Revolving Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars.

  • Subject to the terms and conditions set forth in this Agreement, including without limitation, Section 2.16., each Tranche 1 Revolving Lender severally and not jointly agrees to make Tranche 1 Revolving Loans in a Tranche 1 Currency to the Borrower during the period from and including the Effective Date to but excluding the Revolving Termination Date, in an aggregate principal amount at any one time outstanding up to, but not exceeding, such Tranche 1 Revolving Lender’s Tranche 1 Revolving Commitment.

  • On the Closing Date, the Tranche 1 Revolving Loans shall be available only for the issuance of Letters of Credit.

  • Nothing in this Section 2.4(e) shall be deemed to relieve any Bank from its obligation to make Tranche 1 Revolving Loans on the terms and conditions set forth herein, and each Borrower shall retain any and all rights it may have against any Bank resulting from the failure of such Bank to make such Tranche 1 Revolving Loans under this Section 2.4(e).

  • 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.

  • The Indemnified Party shall, however, promptly notify the Indemnifying Party of any compromise or settlement of any such claim.

Related to Tranche 1 Revolving Loans

  • New Revolving Loans as defined in Section 2.25.

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

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

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

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

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

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

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

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

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

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

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

  • 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.

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

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

  • Revolving Credit Loans as defined in Section 2.1.

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

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • 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

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

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

  • Other Revolving Credit Loans means one or more Classes of Revolving Credit Loans that result from a Refinancing Amendment.

  • Aggregate Revolving Loan Commitment means the combined Revolving Loan Commitments of the Lenders, which shall initially be in the amount of $20,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

  • 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.