Tranche 5 definition

Tranche 5 means the amount of [**] or the Equivalent Amount thereof to be applied in payment of the seventh pre-redelivery 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;

Tranche 5 means the Advances pursuant to Section 2.2(e).

Tranche 5 means the term loan tranche deemed to be made available under this Agreement as described in Clause 2.1(e) (The Tranches).

Examples of Tranche 5 in a sentence

• Borrower shall have paid in cash, substantially simultaneously with the making of Additional Tranche 5 Term Loans and the conversion by amendment of Original Tranche 5 Term Loans, to the Administrative Agent for the account of all Original Tranche 5 Lenders all accrued and unpaid interest on the Original Tranche 5 Term Loans, in each case, to, but not including, the Amendment Date.

• The Tranche 5 Term Loans (whether consisting of Additional Tranche 5 Term Loans or Original Tranche 5 Term Loans amended by the terms of this Amendment) will constitute one class of Term Loans on the terms set forth in Annex I hereto.

• The Administrative Agent shall have received this Agreement, duly executed by (A) each Original Tranche 5 Lender, or in lieu of one or more Original Tranche 5 Lenders, one or more Additional Tranche 5 Lenders and (B) each of the other parties hereto.

• Subject to and upon the terms and conditions herein and of the Amended Credit Agreement, each Additional Tranche 5 Lender severally agrees to make Tranche 5 Term Loans to Borrower on the Amendment Date in a principal amount not to exceed its Additional Tranche 5 Term Loan Commitment.

• Borrower hereby consents to each Additional Tranche 5 Lender signatory hereto that is not also an Original Tranche 5 Lender becoming a Lender under the Amended Credit Agreement.

More Definitions of Tranche 5

Tranche 5 has the meaning set forth in Section 2.2(a)(v).

Tranche 5 means the amount which may be drawn down by the Borrower as an Advance pursuant to a Drawdown Request and having a term of five years.

Tranche 5 means those shares of Common Stock actually issued pursuant to the exercise of those Warrants exercisable on May 31, 2013.

Tranche 5 means a tranche in the principal amount of USD 46,375,000, which relates to the refinancing of Vessel 5.

Tranche 5 means that part of the Loan relating to Vessel 5 to be advanced in one Drawing in a maximum amount of fourteen million two hundred thousand Dollars ($14,200,000).

Tranche 5 means the tranche of the Facility described in subparagraph (e) of Clause 2 (The Facility).

Tranche 5 means the amount of [***] [Confidential Treatment] or the Equivalent Amount thereof being [***] [Confidential Treatment] of the Contract Price to be applied in payment of the seventh pre-redelivery 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;