Tranche A Borrowing definition

Tranche A Borrowing means a Borrowing consisting of simultaneous Tranche A Advances of the same Type made by each of the Lenders pursuant to Section 2.01(b).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Tranche A Borrowing means a Borrowing comprised of Tranche A Loans.

Tranche A Borrowing means a borrowing consisting of simultaneous Tranche A Advances of the same Type made by each of the Tranche A Lenders pursuant to Section 2.01(a).

Examples of Tranche A Borrowing in a sentence

• Aggregate Borrowing Base, Tranche A Borrowing Base and Tranche B Borrowing Base calculations shall be consistent with historical methods of valuation and calculation, and otherwise satisfactory to Agent (and not necessarily calculated in accordance with GAAP).

• The Company shall furnish to the Administrative Agent any information that the Administrative Agent may reasonably request regarding the determination and calculation of the Tranche A Borrowing Base or the Tranche B Borrowing Base including correct and complete copies of any invoices, underlying agreements, instruments or other documents and the identity of all Account Debtors in respect of the Accounts referred to therein.

• Such amendment shall include such changes as the Agent and the Borrowers shall deem necessary or desirable to clarify the administration of the Tranche A Facility or the Tranche B Facility and the Tranche A Borrowing Base or the Tranche B Borrowing Base hereunder in a manner consistent with this Agreement.

• Borrowings also may be classified and referred to by Class (e.g., a "Tranche A Borrowing") or by Type (e.g., a "LIBOR Borrowing") or by Class and Type (e.g., a "Tranche A LIBOR Borrowing").

• Borrowings also may be classified and referred to by Class (E.G., a "Tranche A Borrowing") or by Type (E.G., a "LIBOR Borrowing") or by Class and Type (E.G., a "Tranche A LIBOR Borrowing").

More Definitions of Tranche A Borrowing

Tranche A Borrowing means, initially, the borrowing consisting of simultaneous Tranche A Advances by the Tranche A Lenders on the Funding Date. After the Tranche A Advances are outstanding, "Tranche A Borrowing" means a portion of the Tranche A Advances (as to which each Tranche A Lender has a ratable part) that (a) bears interest by reference to the Base Rate or (b) bears interest by reference to the Eurodollar Rate and has a single Interest Period. NYDOCS02/1129553.6

Tranche A Borrowing means a borrowing pursuant to a Notice of Borrowing consisting of Tranche A Loans made by the Lenders to the Borrower.

Tranche A Borrowing means a group of Tranche A Loans of a single Type made by the Lenders on a single date and as to which a single Interest Period is in effect.

Tranche A Borrowing means Tranche A Loans made on the same day by the Tranche A Lenders ratably according to their respective Tranche A Commitments.

Tranche A Borrowing means a Borrowing consisting of Tranche A Loans.

Tranche A Borrowing is a Borrowing comprised of Tranche A Loans, and a “Tranche B Borrowing” is a Borrowing comprised of Tranche B Loans) or by reference to the pricing of Loans comprising such Borrowing (e.g., a “Euro-Dollar Borrowing” is a Borrowing comprised of Euro-Dollar Loans and a “Base Rate Borrowing” is a Borrowing comprised of Base Rate Loans).

Tranche A Borrowing means Tranche A Loans of the same Type, made, converted or continued on the same date, and as to which a single Interest Period is in effect.