Tranche A definition

Tranche A has the meaning assigned in Section 2.1(c)(i).
Tranche A is defined in Section 2.1.1(a).
Tranche A means that part of the Loan made or to be made available to the Borrowers to finance up to 65 per cent. of the Fair Market Value of Ship A.

Examples of Tranche A in a sentence

  • Upon receipt by the Lender (or the Borrower, as the case may be) of the documents and evidence under this Clause 4.1, the Lender shall make available to the Borrower the Tranche A Loan in accordance with the Utilization Request.

  • The Series 2024A, Tranche A Bonds are issuable only in registered form, without coupons, in denominations of $100,000 and integral multiples of $1,000 in excess thereof.

  • For (i) each subsequent Utilization after the Initial Utilization Date in respect of the Tranche A Facility and (ii) each Utilization of the Tranche B Facility Commitment, the Borrower may deliver a Utilization Request after the Lender has received the document proof listed in item 5 of Schedule 1 (Conditions Precedent) for that Utilization.

  • Subject to the terms of this Agreement, the Lender makes available to the Borrower during the Availability Period the Tranche A Facility in United States Dollars in an amount equal to the Tranche A Facility Commitment.

  • As provided in the Indenture and subject to certain limitations therein set forth, Series 2024A, Tranche A Bonds are exchangeable for a like aggregate principal amount of Series 2024A, Tranche A Bonds of like tenor and of a different authorized denomination, as requested by the holder surrendering the same.


More Definitions of Tranche A

Tranche A means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche A Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche A” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche A Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.
Tranche A has the meaning specified in Section 2.1.
Tranche A means the aggregate of the Tranche A Commitments.
Tranche A means the amount of up to USD25,000,000, being the aggregate of all of the Advances to be made available by the Lender to the Borrowers to assist Amorgos in its acquisition of Vessel A or, as the context requires, the amount thereof outstanding from time to time;
Tranche A means, at any time, all Tranche A Collateral Loans at such time.
Tranche A means that part of the Loan made or to be made available to the Borrower A to finance part of the Purchase Price of Ship A in a principal of US$16,200,000 (representing 80 per cent. of that Purchase Price).
Tranche A means the aggregate of the Equivalent Amount of the Hermes Issuing Fees and the Equivalent Amount of twenty five per cent (25%) of the Hermes Insurance Premium less the Equivalent Amount of twenty per cent (20%) of the Hermes Premium to be paid to the Borrower in part reimbursement of the aggregate amount of the Hermes Issuing Fees and twenty five per cent (25%) of the Hermes Insurance Premium paid by the Borrower to the Hermes Agent for on-payment to Hermes on the issue of the Hermes Cover to be advanced by the Lenders by way of their Contributions thereto on the first Drawdown Date in respect of a Portion 1 Tranche falling after the payment by the Borrower of the Hermes Issuing Fees and the first twenty five per cent (25%) of the Hermes Insurance Premium;