Tranche 2 Bank definition

Tranche 2 Bank means each Bank which has a Tranche 2 Letter of Credit Participating Interest Commitment.
Sample 1Sample 2Sample 3

Examples of Tranche 2 Bank in a sentence

  • Until such Tranche 2 Bank gives notice otherwise, the right of the Company to select Eurodollar Rate Loans from that Tranche 2 Bank shall be suspended and each Eurodollar Rate Loan outstanding from that Tranche 2 Bank shall automatically and immediately convert to a Prime Rate Loan.

  • The Agent shall give prompt notice to each Tranche 2 Bank of any such termination of Tranche 2 Commitments.

  • Conversely, no Tranche 2 Bank shall be responsible for the failure of another Tranche 2 Bank to fund its Pro Rata Share of a Loan.

  • No later than 2:00 p.m. (New York City time), on the date designated for the Borrowing, each Tranche 2 Bank, for the account of its applicable Lending Office, shall make available to the Administrative Agent at the Administrative Agent's Payment Office its Pro Rata Share of such Borrowing in immediately available funds.

  • The Administrative Agent shall give each Tranche 2 Bank prompt notice by telephone or facsimile transmission of a Notice of Borrowing that requests Bank Advances of Loans and in any event shall use its reasonable efforts to notify each Tranche 2 Bank on the same Business Day as receipt of such Notice of Borrowing.

  • Unless the Administrative Agent receives contrary written notice prior to the date of any such Borrowing of Loans, it is entitled to assume that each Tranche 2 Bank will make available its Pro Rata Share of the Borrowing and in reliance upon that assumption, but without any obligation to do so, may advance such Pro Rata Share on behalf of such Tranche 2 Bank.

  • The obligation of each Tranche 2 Bank to transfer such funds is irrevocable, unconditional and without recourse to or warranty by the Administrative Agent.

  • Nothing herein shall be deemed to relieve any Tranche 2 Bank from its obligation to fulfill its commitments hereunder or to prejudice any rights which the Company may have against any Tranche 2 Bank as a result of any default by such Tranche 2 Bank hereunder, including, without limitation, the right of the Company to seek reimbursement from any Defaulting Bank for any amounts paid by the Company under clause (y) above on account of such Defaulting Bank's default.

  • On the terms and subject to the conditions set forth in this Agreement, on and after the Effective Date and to and excluding the Facility Expiry Date, each Tranche 2 Bank severally agrees to make loans and advances to the Company under the Tranche 2 Facility ("Loans") in an amount equal to such Tranche 2 Bank's Pro Rata Share of the Loans requested or deemed requested by the Company.

  • The Company hereby agrees to execute and deliver to each Tranche 2 Bank, upon the request of each such Tranche 2 Bank, a Note in the form of Exhibit I to evidence the Loans to the Company by such Tranche 2 Bank.

Related to Tranche 2 Bank

  • 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 C Lender means each Lender that has a Tranche C Commitment on Schedule 2.1 or any Lender to which a portion of the Tranche C Commitment hereunder has been assigned pursuant to an Assignment and Assumption.

  • Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.

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

  • Tranche A Lender means a Lender with a Tranche A Commitment or an outstanding Tranche A Term Loan.

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

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • 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 B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Loan.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

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

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

  • Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Tranche A Lenders means the Lenders who hold Tranche A Loans or who have Tranche A Commitments.

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

  • 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.

  • Tranche C means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche C Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche C” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche C Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.

  • Tranche A has the meaning assigned in Section 2.1(c)(i).

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • 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.

  • Tranche B Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TCCI pursuant to Section 2.1(b) 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 B 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 Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

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

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.