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

  • On 30.3.2017, the SBLC Tranche 1 Facility Agreement as well as SBLC Tranche 2 Facility Agreement came to be amended by way of Deed of amendment to both the Tranche 1 and Tranche 2 LOC / SBLC Facility Agreements, inter alia, mentioning as under: 2.

  • The FAS 140 implementation guide, noted later, provides a good reference table for evaluating call options and ROAPS.


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 has the meaning set forth in Section 2.2(a)(ii).

  • 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).

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • 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).

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

  • 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 any Revolving Facility Lender, such Lender’s commitment to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Lender’s Revolving Facility 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 2.20. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 to the Original Credit Agreement, or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment (or Incremental Revolving Facility Commitment), as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments as of the Closing Date is $100,000,000. 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.

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Revolving Facility Loans shall include the Other Revolving Loans.