Tranche 1 Unpaid Drawings definition

Tranche 1 Unpaid Drawings shall have the meaning provided in Section 2A.03(a).
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Examples of Tranche 1 Unpaid Drawings in a sentence

  • Tranche 1 Unpaid Drawings which are repaid on the date of and prior to the issuance of the respective Tranche 1 Letter of Credit) at such time and Tranche 2 Fronted Letters of Credit (exclusive of Tranche 2 Unpaid Drawings which are repaid on the date of and prior to the issuance of the respective Tranche 1 Letter of Credit) at such time will not exceed the Fronted Letter of Credit Limit.

  • Upon any change in the Tranche 1 Commitments or Tranche 1 Percentages of the Tranche 1 Lenders pursuant to this Agreement, it is hereby agreed that, with respect to all outstanding Existing Tranche 1 Several Letters of Credit and Tranche 1 Unpaid Drawings with respect thereto, there shall be an automatic adjustment to the participations pursuant to this Section 3A.12 to reflect the new Tranche 1 Percentages from such change or changes, as the case may be.

  • As used in this Agreement, “Termination Date” shall mean the date upon which the Total Tranche 1 Commitment under the Credit Agreement has been terminated, all Tranche 1 Unpaid Drawings have been repaid in full, all Tranche 1 Letters of Credit issued under the Credit Agreement have expired or been terminated and all Secured Obligations incurred hereunder or under the Credit Agreement have been paid in full.

  • Upon any change in the Tranche 1 Commitments or Tranche 1 Percentages of the Tranche 1 Lenders pursuant to this Agreement, it is hereby agreed that, with respect to all then outstanding Fronted Tranche 1 Letters of Credit and Fronted Tranche 1 Unpaid Drawings, there shall be an automatic adjustment to the participations pursuant to this Section 3A.08 to reflect the new Tranche 1 Percentages resulting from such change or changes, as the case may be.

Related to Tranche 1 Unpaid Drawings

  • Unpaid Drawing shall have the meaning provided in Section 3.4(a).

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

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

  • 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;

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

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

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

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • LC Obligations means, at any time, the sum, without duplication, of (i) the aggregate undrawn stated amount under all Facility LCs outstanding at such time plus (ii) the aggregate unpaid amount at such time of all Reimbursement Obligations.

  • 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

  • Reimbursement Obligations means at any time, the aggregate of the Obligations of the Borrower to the Lenders, the Issuing Bank and the Administrative Agent in respect of all unreimbursed payments or disbursements made by the Lenders, the Issuing Bank and the Administrative Agent under or in respect of the Facility Letters of Credit.

  • Swingline Participation Amount as defined in Section 2.7(c).

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

  • Swing Line Participation Amount as defined in Section 2.7.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • LC Outstandings means, on any date of determination, the sum of the undrawn stated amounts of all Letters of Credit that are outstanding on such date plus the aggregate principal amount of all unpaid reimbursement obligations of the Borrower on such date with respect to payments made by the LC Issuing Banks under Letters of Credit. The LC Outstandings with respect to any Lender shall equal such Lender’s Percentage of the sum in the immediately preceding sentence.

  • Refunded Swing Line Loans has the meaning assigned to that term in subsection 2.1A(iii).

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Revolving Facility Loans shall include the Other Revolving Loans.

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

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Multicurrency LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Multicurrency Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The Multicurrency LC Exposure of any Lender at any time shall be its Applicable Multicurrency Percentage of the total Multicurrency LC Exposure at such time.