Tranche 2 Revolving Loans definition

Tranche 2 Revolving Loans has the meaning assigned to such term in Section 2.01(a).
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Tranche 2 Revolving Loans means Revolving Loans made in respect of Tranche 2 Revolving Credit Commitments.
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Tranche 2 Revolving Loans means the portion of the Revolving Loans held by the Tranche 2 Revolving Lenders.
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Examples of Tranche 2 Revolving Loans in a sentence

  • Subject to the terms and conditions set forth in this Agreement, including without limitation, Section 2.16., each Tranche 2 Revolving Lender severally and not jointly agrees to make Tranche 2 Revolving Loans in a Tranche 2 Currency to the Borrower during the period from and including the Effective Date to but excluding the Revolving Termination Date, in an aggregate principal amount at any one time outstanding up to, but not exceeding, such Tranche 2 Revolving Lender’s Tranche 2 Revolving Commitment.

  • Amounts paid under the preceding subsections (b)(i)(B) and (b)(iii) (in the case of any prepayment of Tranche 2 Revolving Loans) shall be applied to pay all amounts of principal outstanding on the Tranche 2 Revolving Loans pro rata in accordance with Section 3.2. Amounts paid under the preceding subsection (b)(ii) shall be applied in accordance with Section 3.2.(g).

  • Within the foregoing limits and subject to the terms and conditions of this Agreement, the Borrower may borrow, repay and reborrow Tranche 2 Revolving Loans.

  • Notwithstanding the immediately preceding two sentences but subject to Section 2.16., a borrowing of Tranche 2 Revolving Loans may be in the aggregate amount of the unused Tranche 2 Revolving Commitments.

  • If at any time the aggregate principal amount of all outstanding Tranche 2 Revolving Loans exceeds the aggregate amount of the Tranche 2 Revolving Commitments (except due to Currency fluctuations which is governed by clause (iii) below), the Borrower shall immediately upon demand pay to the Administrative Agent for the account of the Tranche 2 Revolving Lenders, the amount of such excess.

  • Notwithstanding anything to the contrary, Tranche 2 Revolving Credit Loans shall not be made as Revolver Adjusted Daily Simple SOFR Loans unless at the time of any applicable Borrowing or the commencement of any Interest Period in respect thereof, the applicable Revolver Adjusted Term SOFR Rate or Revolver Term SOFR Rate is not available temporarily or permanently, in which case Tranche 2 Revolving Loans may be incurred or converted to Revolver Adjusted Daily Simple SOFR Loans pursuant to Section 3.07.

  • During the Revolving Commitment Period (i) QVC may use the Tranche 1 Revolving Commitments and Tranche 3 Revolving Commitments by borrowing, prepaying the Tranche 1 Revolving Loans and Tranche 3 Revolving Loans, respectively, in whole or in part, and reborrowing, and (ii) QVC and zulily may each use the Tranche 2 Revolving Commitments by borrowing, prepaying the Tranche 2 Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

  • Each Bank’s Tranche 2 Revolving Commitment shall expire on the Tranche 2 Revolving Commitment Termination Date and all Tranche 2 Revolving Loans and all other amounts owed hereunder with respect to the Tranche 2 Revolving Loans and the Tranche 2 Revolving Commitments shall be paid in full no later than such date.

  • 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 Borrower shall prepay any Tranche 2 Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Tranche 2 Revolving Loans ratable with any revised Tranche 2 Participation Percentages arising from any nonratable increase in the Tranche 2 Commitments under this Section.


More Definitions of Tranche 2 Revolving Loans

Tranche 2 Revolving Loans means the portion of the Revolving Loans held by the Tranche 2 Revolving Lenders. "Tranche 2 Revolving Maturity Date" means March 15, 2014.
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Related to Tranche 2 Revolving Loans

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

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • 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

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • 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.

  • 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.