Tranche 3 Loans definition

Tranche 3 Loans has the meaning provided in Section 2.01(b).
Sample 1Sample 2Sample 3
Tranche 3 Loans means Loans made or deemed made pursuant to this Agreement during the Tranche 3 Availability Period.
Sample 1Sample 2
Tranche 3 Loans has the meaning set forth in the third recital hereto. “Transactions” means the negotiation, preparation, execution, delivery and performance by each Obligor of this Agreement and the other Loan Documents to which such Obligor is (or is intended to be) a party, the making of the Loans hereunder, and all other transactions contemplated pursuant to this Agreement and the other Loan Documents. “Treasury Rate” means, for the purpose of calculating any Make-Whole Amount, the yield to maturity implied by the yield(s) for the most recently issued actively traded on-the-run U.S. Treasury securities as quoted on the display designated as “Page PX1” (or such other display as may replace Page PX1) on Bloomberg Financial Markets as of approximately 5:00 p.m. (New York City time) on the second Business Day immediately preceding the date of any repayment or prepayment that is the subject of such Make-Whole Amount, in respect of that period which is mathematically closest in duration to the actual period over which such determination is to be assessed for the purposes of making a present value calculation. The
Sample 1

Examples of Tranche 3 Loans in a sentence

  • Thereafter, the Tranche 3 Loans evidenced by such Tranche 3 Note and interest thereon shall at all times (including after assignment pursuant to Section 10.04) be represented by one or more Tranche 3 Notes payable to the order of the payee named therein (or, if such promissory note is a registered note, to such payee and its registered assigns).

  • Except as otherwise provided in this Agreement, proceeds of each payment (including each repayment and prepayment) by the Borrower on any Loans shall be (i) applied pro rata among the Tranche 1 Loans, the Tranche 2 Loans and the Tranche 3 Loans, and (ii) deemed to be made ratably to the Lenders in accordance with their respective Proportionate Shares.

  • Each Lender shall have received its Proportionate Share of the Draw Fee payable in respect of the Borrowing of the Tranche 3 Loans, and the Administrative Agent shall have received for its account and the account of each Lender, all other fees, costs and expenses, if any, due and payable pursuant to the Section 14.03 (including the Administrative Agent’s and the Lenders’ legal fees and expenses).

  • The obligation of each Lender to make its Tranche 3 Loan on the Tranche 3 Borrowing Date shall be subject to the satisfaction (or waiver) of the conditions set forth in Section 6.01, the delivery of a Borrowing Notice as required pursuant to Section 2.02, the delivery of a funds flow memorandum summarizing, in reasonable detail, the use of proceeds of the Tranche 3 Loans, and the prior or concurrent satisfaction (or waiver) of each of the conditions precedent set forth below in this Section 6.03.

  • The Borrowing of all Tranche 3 Loans shall have occurred in an aggregate principal amount of $10,000,000 and all conditions precedent thereto shall have been satisfied.

  • Tranche 3 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

  • The Tranche 3 Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

  • The Credit Agreement provides for the acceleration of the maturity of this Promissory Note upon the occurrence of certain events and for prepayments of Tranche 3 Loans upon the terms and conditions specified therein.

  • The aggregate number of Funding Segments applicable to the Euro-Rate Portion of the Tranche 1 Loans at any time shall not exceed eight, the aggregate number of Funding Segments applicable to the Euro-Rate Portion of the Tranche 2 Loans at any time shall not exceed eight and the aggregate number of Funding Segments applicable to the Tranche 3 Loans at any time shall not exceed eight.

  • Lender acknowledges and agrees that subject to compliance with the terms and conditions of this Agreement (including but not limited to Section 3.09), the Borrowers in respect of the Tranche 2 and Tranche 3 Loans made hereunder may include Econophone, ATL and other foreign or domestic Subsidiaries of Econophone that are designated in a Borrowing Certificate delivered pursuant to Section 2.03(b) hereof.


More Definitions of Tranche 3 Loans

Tranche 3 Loans shall have the meaning ascribed to such term in the Agreement.
Sample 1

Related to Tranche 3 Loans

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

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

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

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

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

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

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

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

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

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

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

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • 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).

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

  • 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;

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • New Revolving Loans as defined in Section 2.25.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

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

  • Tranche A Notes is defined in Section 1.