Tranche 2 Facility definition

Tranche 2 Facility means the “Tranche 2” revolving facility established pursuant to Sections 2.1 and the Letter of Credit facility established pursuant to Section 2.20 of this Agreement and the Tranche 2 Loans and Tranche 2 Commitments thereunder.
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Tranche 2 Facility means the Tranche 2 Commitments and the extensions of credit made hereunder by the Tranche 2 Lenders.
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Tranche 2 Facility means the facility in which Tranche 2 Banks shall advance Loans and participate in the liability of Letters of Credit to the extent, in the case of liability with respect to Letters of Credit, that the aggregate Effective Amount of L/C Obligations under all Letters of Credit Issued and outstanding under this Agreement at any time and from time to time exceed 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.
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Examples of Tranche 2 Facility in a sentence

  • Accrued Tranche 2 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 2 Facility Fee owing to any Tranche 2 Lender who is replaced pursuant to Section 1.13, on the date on which such Tranche 2 Lender is replaced.

  • The Tranche 2 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 2 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 2 Facility Fee owing to any Tranche 2 Lender which is replaced pursuant to Section 2.18, on the date on which such Tranche 2 Lender is replaced.

  • The Commitment Increase Amount will be in the form of increases in the Commitments under the Tranche 2 Facility.

  • The Facility shall only apply in respect of Credits issued under Tranche 1 on or prior to 30 June 2014 (“the Tranche1 Facility Period”), and in the case of Tranche II on or prior to 30 June 2013 (“the Tranche 2 Facility Period”).

  • 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.

  • In addition, all outstanding letters of credit and bankers’ acceptances under Borrower’s Existing Letter of Credit Facility shall be deemed to have been issued under the Tranche 2 Facility on the Existing Letter of Credit Rollover Date, and the Existing Letter of Credit Facility shall be terminated on the Existing Letter of Credit Rollover Date.

  • Tranche 2 Facility under which the Banks shall, when requested by a Borrower, make Advances during the Tranche 2 Commitment Period to the Borrowers up to an aggregate Original EUR Amount not exceeding the Tranche 2 Facility Amount.

  • Availability Period 1 in respect of the Tranche 1 Facility, the period commencing on Tranche 1 Facility Financial Close and ending on 31 May 2014; and 2 in respect of the Tranche 2 Facility, the period commencing on the later of 1 June 2014 and the Tranche 2 Facility Financial Close and ending on 1 January 2016.

  • 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.


More Definitions of Tranche 2 Facility

Tranche 2 Facility a cash advance facility whereby the Banks, when requested by the Borrower pursuant to a Utilisation Notice, during the Tranche 2 Availability Period, will made Tranche 2 Advances in an aggregate amount which will not exceed the Tranche 2 Commitments; and
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Tranche 2 Facility means the Tranche 2 senior secured multicurrency revolving loan facility granted to the Tranche 2 Borrower.
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Tranche 2 Facility means the term notes facility made available under this Agreement as described in Section 2.01(b).
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Related to Tranche 2 Facility

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

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

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

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

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • 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.

  • 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.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Tranche A 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).

  • Incremental Facility has the meaning specified in Section 2.16(a).

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

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

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

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

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

  • 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.

  • Term Facility Commitment means the commitment of a Term Lender to make Term Loans, including Initial Term Loans and/or Other Term Loans.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • 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).

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • 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

  • 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.

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.