Tranche A Revolving Facility definition

Tranche A Revolving Facility as defined in the definition of “Facility”.
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Tranche A Revolving Facility means, at any time, the aggregate amount of the Tranche A Revolving Lenders’ Tranche A Revolving Commitments.
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Tranche A Revolving Facility means the multicurrency revolving loan facility made available under this Agreement as described in Clause 2.1 (a)(i) (The Facility).
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Examples of Tranche A Revolving Facility in a sentence

  • Notwithstanding the foregoing, no Borrower may select to repay a Borrowing of a Tranche B Revolving Facility Loan if any Tranche A Revolving Facility Loan remains outstanding at such time.

  • Each Revolving Facility Loan made hereunder shall be deemed a Tranche B Revolving Facility Loan until the limitation in the immediately preceding sentence is satisfied and, thereafter, each Revolving Facility Loan in excess thereof will be deemed a Tranche A Revolving Facility Loan.

  • Notwithstanding the foregoing, Tranche A Revolving Facility Loans shall not be made, unless, after giving effect to the Tranche B Revolving Facility Loans being made on such date, the Tranche B Revolving Facility Exposure is at least equal to the Tranche B Revolving Facility Commitment.

  • For the avoidance of doubt, unless terminated earlier, all Tranche A Revolving Commitments shall automatically terminate on the Revolving Termination Date with respect to the Tranche A Revolving Facility.

  • For the avoidance of doubt, unless terminated earlier, (i) all Tranche A Revolving Commitments shall automatically terminate on the Revolving Termination Date with respect to the Tranche A Revolving Facility and (ii) all Tranche B Revolving Commitments shall automatically terminate on the Revolving Termination Date with respect to the Tranche B Revolving Facility.

  • Notwithstanding the foregoing, in no event shall the successor or alternative index rate be less than, with respect to the Tranche A Revolving Facility, 0.50% (or with respect to the SISO Term Facility and any other Facilities, 1.75%).

  • Subject to the terms of this Agreement, the Tranche A Revolving Facility is available to the Borrower from the date of this Agreement to the Tranche A Revolving Facility Termination Date, and the Borrower may borrow, repay and reborrow, or obtain Letters of Credit under the Tranche A Revolving Facility at any time prior to the Tranche A Revolving Facility Termination Date.

  • The Borrower shall pay to the Agent the Letter of Credit fronting fee due with respect to each outstanding Letter of Credit on each Payment Date in respect of each Letter of Credit outstanding during the calendar quarter during which such Payment Date occurs, commencing on the first Payment Date to occur after such Letter of Credit is issued, and on the Tranche A Revolving Facility Termination Date.

  • Any outstanding Tranche A Committed Advances and all other unpaid Obligations in respect of Letters of Credit and Competitive Bid Advances shall be paid in full by the Borrower on the Tranche A Revolving Facility Termination Date.

  • In addition to Committed Advances pursuant to Section 2.1, but subject to the terms and conditions of this Agreement (including, without limitation, the limitation set forth in Section 2.1.1(iv) as to the maximum aggregate principal amount of all outstanding Tranche A Revolving Advances hereunder), the Borrower may, as set forth in this Section 2.3, request the Tranche A Lenders, prior to the Tranche A Revolving Facility Termination Date, to make offers to make Competitive Bid Advances to the Borrower.


More Definitions of Tranche A Revolving Facility

Tranche A Revolving Facility means the Tranche A Revolving Credit Commitments and the extensions of credit made thereunder.
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Tranche A Revolving Facility as defined in the definition of “Facility”. US-DOCS\123668313.8
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Tranche A Revolving Facility is defined in Section 2.1.1.
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Related to Tranche A Revolving Facility

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Revolving Facility means, at any time, the aggregate amount of the Revolving Lenders’ Revolving Commitments at such time.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment (or Incremental Revolving Facility Commitment), as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $100,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender, the percentage of the total Revolving Facility Commitments represented by such Lender’s Revolving Facility Commitment. If the Revolving Facility Commitments have terminated or expired, the Revolving Facility Percentages shall be determined based upon the Revolving Facility Commitments most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) the Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Revolving Lender at any time shall be the product of (i) such Revolving Lender’s Revolving Facility Percentage and (ii) the aggregate Revolving Facility Credit Exposure of all Revolving Lenders, collectively, at such time.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.