Tranche A Construction Loans definition

Tranche A Construction Loans has the meaning set forth in Section 2.1(c) of this Credit Agreement.

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Tranche A Construction Loans means, collectively, the In-Progress Plant 2 Tranche A Construction Loans, the Greenfield Plant 1 Tranche A Construction Loans, the Greenfield Plant 2 Construction Loans and the Greenfield Plant 3 Construction Loans.

Tranche A Construction Loans means Bank Tranche A Construction Loans and Lender Group Tranche A Construction Loans."

Examples of Tranche A Construction Loans in a sentence

For the avoidance of doubt, the Tranche A Construction Loans and the Tranche B Construction Loans shall convert to Tranche A Term Loans and Tranche B Term Loans (respectively) on the same date.
Notwithstanding anything to the contrary contained herein, in no event shall any Loans made pursuant to this Section 2.22 shall (i) cause the amount of Tranche A Construction Loans or Tranche B Construction Loans disbursed by any Lender to exceed such Lender’s Tranche A Construction Loan Commitment or Tranche B Construction Loan Commitment, as applicable or (ii) cause the amount of Total Funded Construction Loans to exceed the Total Construction Commitment.
Notwithstanding anything in this Agreement to the contrary, at all times until the final Tranche A Application for Borrowing is made, the sum of (a) Unadvanced Tranche A Construction Loans plus (b) the excess of (i) the Tranche A Institutional Construction Loan Commitment over (ii) the Tranche A Institutional Construction Loans made hereunder (without taking into account any prepayment thereof) shall equal no less than $8,000,000.
Before any GenHoldings Lender with Non-Ratable Loan Commitments makes any Tranche A Construction Loans under such Non-Ratable Loan Commitments, all Tranche A Lenders shall have fully funded their Proportionate Share of the Total Construction Loan Commitment.
All Loans and LC Loans shall be made on a pro rata basis by the applicable Lenders in accordance with their respective Proportionate Share (Commitment) of such Loans and LC Loans, with the Term Loan by each Tranche A Lender equal to such Lender’s Proportionate Share (Loans) of the Tranche A Construction Loans converted to Term Loans.
The aggregate amount of any prepayment to be applied to the Loans shall be applied first to prepay, pro rata, (x) the Tranche A Construction Loans or the Term Loans then outstanding and (y) the Tranche C Loans and second, to prepay the Tranche B Construction Loans.
Borrower shall have drawn Tranche A Construction Loans in an aggregate amount equal to the Total Tranche A Construction Loan Commitment (or is contemporaneously making a draw of Tranche A Construction Loans that will cause the aggregate amount of such Loans then drawn to equal the Total Tranche A Construction Loan Commitment).
The aggregate amount of Tranche A Construction Loans outstanding at any point in time shall not exceed the Total Tranche A Construction Loan Commitment.
Each Tranche A Lender shall make its Term Loan by converting to a Term Loan the unpaid principal amount of its Tranche A Construction Loans then outstanding as of the Term Conversion Date together with all accrued and unpaid interest, fees and costs and other amounts payable under the Credit Documents with respect thereto, in an amount not in excess of its Term Loan Commitment.

More Definitions of Tranche A Construction Loans

Tranche A Construction Loans means the Construction Loans made by the Tranche A Lenders, up to the aggregate amount of the Tranche A Construction Loan Commitment, that will bear interest at the interest rate calculated from time to time pursuant to Section 3.06 (Interest Rate Determination) using the Tranche A Applicable Margin.

Tranche A Construction Loans to the Tranche A Borrower, which Tranche A Loans shall: (i) at the option of the Tranche A Borrower, be Base Rate Loans or Eurodollar Loans (provided, however, that all Tranche A Construction Loans comprising the same Borrowing shall at all times be of the same Type); (ii) be made and maintained in Dollars; (iii) not exceed for any Tranche A Lender, in aggregate principal amount at any time outstanding, the Tranche A Construction Loan Commitment of such Tranche A Lender; (iv) after giving effect to the funding thereof, and after giving effect to the funding of any Tranche B Construction Loans requested pursuant to Section 2.2(a), do not cause the Total Funded Construction Loans to exceed to Total Construction Commitment; and (v) mature on the Tranche A Construction Loan Maturity Date.