Tranche 2 Revolving Loan definition

Tranche 2 Revolving Loan means a loan made by a Tranche 2 Revolving Lender to the Borrower pursuant to Section 2.1.(a)(ii).
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Tranche 2 Revolving Loan any Revolving Loan made in respect of a Tranche 2 Revolving Commitment.
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Tranche 2 Revolving Loan shall have the meaning set forth in Section 1.01(g).
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Examples of Tranche 2 Revolving Loan in a sentence

  • Each Tranche 2 Revolving Loan shall be made as part of a Borrowing consisting of Tranche 2 Revolving Loans made by the Tranche 2 Lenders ratably in accordance with their respective Tranche 2 Participation Percentages.

  • The obligation to provide a German Tax Certificate shall continue until the end of the calendar year following the year in which all German Loans are repaid in full and the Total Tranche 2 Revolving Loan Commitment is terminated or, if earlier, the date on which the German Bank transfers by assignment and assumption all of its rights, benefits and obligations with respect to all German Loans under the Credit Documents pursuant to Section 14.04(b).

  • On the Tranche 2 Revolving Loan Commitment Termination Date, the Company shall repay in full the outstanding principal balance of the Swing Line Loans.

  • All Tranche 2 Revolving Loans shall be converted into Tranche 2 Converted Term Loans on the Tranche 2 Conversion Date PRO RATA on the basis of each Bank's Tranche 2 Revolving Loan Commitment and, following the Tranche 2 Conversion Date, all Borrowings of Tranche 2 Converted Term Loans shall be incurred by the Borrower from the Banks PRO RATA on the basis of their Tranche 2 Converted Term Loans.

  • Each Tranche 2 Revolving Loan shall be made as part of a Borrowing consisting of Tranche 2 Revolving Loans made by the Tranche 2 Revolving Lenders ratably in accordance with their respective Tranche 2 Revolving Commitments.

  • The obligation of each Bank to make, convert or continue any Tranche 2 Revolving Loan is subject to the satisfaction, or waiver in accordance with Section 10.6, of the conditions set forth in Section 3.2 and the receipt by the Administrative Agent of a copy of a tax opinion addressed to Xerium prepared by Xerium’s Brazil tax counsel in form and substance reasonably acceptable to the Administrative Agent.


More Definitions of Tranche 2 Revolving Loan

Tranche 2 Revolving Loan means a Loan denominated in Dollars and made pursuant to Section 2.01(d)(ii). Each Tranche 2 Revolving Loan shall be a Eurocurrency Loan or an ABR Loan.
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Tranche 2 Revolving Loan means, as the context may require, a Multicurrency Tranche 2 Revolving Loan or a US Tranche 2 Revolving Loan.
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Tranche 2 Revolving Loan means a Loan made pursuant to clause (b) of Section 2.01.
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Related to Tranche 2 Revolving Loan

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

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • 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.

  • 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

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

  • 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.

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

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

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

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

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

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

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

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • New Revolving Loans as defined in Section 2.25.

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

  • U.S. Revolving Loan means Loans made by a Lender in respect of its U.S. Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(a) and/or Section 2.24.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

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

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • 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.

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

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

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

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • 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.