Tranche A Term Loan Exposure definition

Tranche A Term Loan Exposure means, with respect to any Lender as of any date of determination (i) prior to the funding of the Tranche A Term Loans, that Lender's Tranche A Term Loan Commitment and (ii) after the funding of the Tranche A Term Loans, the outstanding principal amount of the Tranche A Term Loan of that Lender.

Tranche A Term Loan Exposure means, with respect to any Lender as of any date of determination, the outstanding principal amount of the Tranche A Term Loan of that Lender.

Tranche A Term Loan Exposure with respect to any Lender, means, as of any date of determination (i) prior to the funding of the Tranche A Term Loans, that Lender's Tranche A Term Loan Commitment, and (ii), after the funding of the Tranche A Term Loans, the outstanding principal amount of the Tranche A Term Loan of that Lender.

Examples of Tranche A Term Loan Exposure in a sentence

• On the Final Facility Effective Date, Company and its Subsidiaries shall have repaid in full the Base Amount of the Tranche A Term Loan Exposure (as defined in the Pre-Petition Credit Agreement) (it being understood and agreed that all interest, fees (including make-whole amounts) and other amounts payable in connection with such payment shall remain Pre-Petition Obligations under the Pre-Petition Credit Agreement).

• Such accrual is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Administrative Agent or any Lender having Tranche A Term Loan Exposure.

• Borrower agrees to pay to Administrative Agent an annual administrative fee payable in advance on February 15, 1997 and on each anniversary thereof, in an amount equal to the greater of (x) 0.1% multiplied by the sum of (i) the Revolving Loan Commitments, (ii) the outstanding principal amount of Term Loans A, (iii) the Tranche A Term Loan Exposure and (iv) the Tranche B Term Loan Exposure and (y) $50,000.

• For purposes of this Section 8 and Section 9, Pro Rata Basis shall mean, with respect to all purchases hereunder, relating to a Last Out Lender, the percentage obtained by dividing the Tranche A Term Loan Exposure plus the Tranche B Term Loan Exposure of the Purchaser by the aggregate Tranche A Term Loan Exposure and Tranche B Term Loan Exposure of all Purchasers.

• Tranche A Paying Agent shall have received the Tranche A Letter of Credit, duly executed and delivered by the issuer thereof, in form and substance satisfactory to Tranche A Paying Agent and to Lenders holding more than 50% of the Tranche A Term Loan Exposure.

More Definitions of Tranche A Term Loan Exposure

Tranche A Term Loan Exposure means, with respect to any Lender at any time, (a) prior to the making of Tranche A Term Loans hereunder, the Tranche A Term Loan Commitment of such Lender at such time and (b) after the making of Tranche A Term Loans hereunder, the aggregate principal amount of the Tranche A Term Loans of such Lender outstanding at such time.

Tranche A Term Loan Exposure means, with respect to any Lender, the outstanding principal amount of the Tranche A Term Loan of such Lender.

Tranche A Term Loan Exposure as to any Tranche A Term Loan Lender ---------------------------- at any time, the aggregate outstanding principal amount of the Tranche A Term Loans of such Tranche A Term Loan Lender at such time.

Tranche A Term Loan Exposure means Tranche A Dollar Term Loan Exposure and Tranche A Euro Term Loan Exposure.

Tranche A Term Loan Exposure means, with respect to any Lender as of any date of determination (i) prior to the funding of the Tranche A Term Loans, that Lender's Tranche A Term Loan Commitment, (ii) after the initial funding of the Tranche A Term Loans but before December 15, 1999 or (if earlier) the date on which the Delayed-Draw Term Loans are made (the "TRANCHE A TERM LOAN COMMITMENT TERMINATION DATE"), the outstanding principal amount of the Tranche A Term Loans of that Lender PLUS that portion of the Tranche A Term Loan Commitment of that Lender that equals that Lender's Pro Rata Share of the Delayed-Draw Term Loans requested by Company pursuant to the proviso to the definition thereof, and (iii) after the Tranche A Term Loan Commitment Termination Date, the outstanding principal amount of the Tranche A Term Loans of that Lender. "TRANCHE A TERM LOANS" means the Loans made by Lenders to Company pursuant to subsection 2.1A(i).

Tranche A Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche A Term Loan of such Lender; provided, at any time prior to the making of the Tranche A Term Loans, the Tranche A Term Loan Exposure of any Lender shall be equal to such Lender's Tranche A Term Loan Commitment. CREDIT AND GUARANTY AGREEMENT EXECUTION 55

Tranche A Term Loan Exposure means, with respect to any Lender as of any date of determination (i) prior to the funding of the Tranche A Term Loans, that Lender's Tranche A Term Loan Commitment, (ii) after the initial funding of the Tranche A Term Loans but before the date (the "Tranche A Term Loan Commitment Termination Date") that is 35 days after the Closing Date or (if earlier) the date on which the Delayed-Draw Term Loans are made, the outstanding principal amount of the Tranche A Term Loans of that Lender plus that portion of the Tranche A Term Loan Commitment of that Lender that equals that Lender's Pro Rata Share of the Delayed-Draw Term Loans requested by Company pursuant to the proviso to the definition thereof, and (iii) after the Tranche A Term Loan Commitment Termination Date, the outstanding principal amount of the Tranche A Term Loans of that Lender.