Tranche 3 Availability Period definition

Tranche 3 Availability Period means the period from and including the Tranche 2 Availability Termination Date to but excluding the earlier of the Tranche 3 Availability Termination Date and the date of termination of the Commitments.
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Tranche 3 Availability Period means the period commencing on the date of this Agreement and ending on 30 September 2017.
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Tranche 3 Availability Period means the period commencing on the Tranche 3 Milestone Date and ending on September 15, 2025. Notwithstanding the generality of the foregoing, following Company’s written request and conditioned on approval by the Lenders’ investment committee in its sole discretion, the Tranche 3 Availability Period may commence on such earlier date as the Agent shall designate in writing.
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Examples of Tranche 3 Availability Period in a sentence

  • Subject to the terms and conditions set forth herein, each Lender severally agrees to make a single Loan to the Borrower, in Dollars, on any Business Day during the Tranche 3 Availability Period in an amount equal to its Tranche 3 Commitment as of the Tranche 3 Funding Date (the “Tranche 3 Loans”).

  • The Tranche 3 Commitments shall be cancelled at close of business in London on the last day of the Tranche 3 Availability Period.

  • The amount to be repaid on each Repayment Date will be calculated so that the remaining Tranche 2 Advances or Tranche 3 Advances outstanding after such repayment are equal to the amount of Tranche 2 Advances or Tranche 3 Advances outstanding on the last day of the Tranche 2 Availability Period or the Tranche 3 Availability Period (as the case may be) multiplied by the percentage set out opposite the relevant date.

  • Any part of the Tranche 3 Commitments not drawn hereunder before expiry of the Tranche 3 Availability Period shall be cancelled automatically at close of business in Sydney on such expiry.

  • At the end of the Tranche 2 Availability Period or the Tranche 3 Availability Period (whichever is later), the Facility Agent will calculate the repayment instalments for each Repayment Date specified below having regard to the outstanding Tranche 2 Advances or Tranche 3 Advances (as the case may be).

  • The requested funding date of the Tranche 3 Loans as specified in the applicable Loan Notice is a date occurring during the Tranche 3 Availability Period.


More Definitions of Tranche 3 Availability Period

Tranche 3 Availability Period. The period commencing on the later of (i) the date on which the Moark Acquisition is effectively completed, as determined by the Administrative Agent in its sole discretion and (ii) the date on which all conditions precedent to the effectiveness of this Agreement are completed and ending on the Closing Date.
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Tranche 3 Availability Period means the period commencing ten (10) Business Days after the date of this Agreement and ending on 31 December 2022.
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Related to Tranche 3 Availability Period

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Availability Period means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Maximum Credit means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • 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.