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

  • Each Borrowing of Tranche A Construction Loans shall be incurred contemporaneously and ratably among theLenders based upon the amount of their respective Tranche A Construction Loan Commitments.

  • 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 Tranche A Construction Loans outstanding at any point in time shall not exceed the Total Tranche A Construction Loan Commitment.

  • Each such notice (a “Notice of Borrowing”) shall be irrevocable and shall be given by the Borrower substantially in the form of Exhibit A-1 hereto, appropriately completed to specify (i) the aggregate principal amount of the Tranche A Construction Loans to be made pursuant to such Borrowing, (ii) the aggregate principal amount of the Tranche B Construction Loans to be made pursuant to such Borrowing, and (iii) the date of such Borrowing (which shall be a Business Day not later than the Conversion 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.

  • 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 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.

  • 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.

  • 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 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.
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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.
Sample 1

Related to Tranche A Construction Loans

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

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

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

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

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

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

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

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Delayed Drawdown Collateral Obligation A Collateral Obligation that (a) requires the Issuer to make one or more future advances to the borrower under the Underlying Documents relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the borrower thereunder; but any such Collateral Obligation will be a Delayed Drawdown Collateral Obligation only until all commitments by the Issuer to make advances to the borrower expire or are terminated or are reduced to zero.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • 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.

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

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

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Tranche A Term Loan as defined in Section 2.1.

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

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

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

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving 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.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.