Tranche A Usage definition

Tranche A Usage means, as of any date of determination, the sum of (a) the then extant amount of outstanding Tranche A Advances, plus (b) the then extant amount of the Letter of Credit Usage.
Sample 1
Tranche A Usage. Tranche B-Prime Availability," "Tranche B-Prime Commitment," "Tranche B-Prime Usage," "Tranche Sub-B Advance Availability," "Tranche Sub-B Commitment," or "Tranche Sub-B Usage";"
Sample 1Sample 2
Tranche A Usage. Tranche B Availability," "Tranche B Commitment," or "Tranche B Usage";
Sample 1

Examples of Tranche A Usage in a sentence

  • If Tranche A Usage is zero at such time, each Tranche A Lender agrees that it shall turn over any such amounts received by it to the Administrative Agent for application to the Tranche B Usage, ratably in accordance with each Tranche B Lender’s Tranche B Commitment Percentage to the extent of such amounts received by such Tranche A Lender.

  • If an Event of Default has occurred and is continuing, such prepayment shall be applied as follows: first, to repay the then outstanding Loans that constitute Tranche A Usage; and second, to repay the then outstanding Loans that constitute Tranche B Usage.

  • The Tranche Under-B Lender shall have no obligation to make Tranche Under-B Advances hereunder to the extent such additional Tranche Under-B Advances would cause the sum of the Tranche A Usage, the Tranche B-Prime Usage, the Tranche Sub-B Usage, and the Tranche Under-B Usage to exceed the Maximum Facility Amount.

  • The Lenders acknowledge (a) their respective rights in amounts on deposit in the Letter of Credit Account as of the Closing Date and (b) that as of the Closing Date, Total Usage under the Prior Agreement shall constitute Tranche A Usage and Tranche B Usage as set forth on Schedule 9.14.

  • The Lenders acknowledge and agree that as of the effective date of this First Amendment, Total Usage under the Credit Agreement shall constitute Tranche A Usage and Tranche B Usage as set forth on Schedule 8 to this First Amendment.


More Definitions of Tranche A Usage

Tranche A Usage means, at any time, the outstanding principal amount of Tranche A Loans at such time.
Sample 1
Tranche A Usage means, at any time, the sum of the outstanding aggregate principal amount of the Loans plus the aggregate Letter of Credit Outstandings to the extent attributable to or funded under the Total Tranche A Commitment.
Sample 1

Related to Tranche A Usage

  • Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.

  • Facility Usage means, at the time in question, the aggregate amount of outstanding Loans and LC Obligations at such time.

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

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Tranche A Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche A Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Tranche A Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Lenders’ Tranche A Commitments is $100,000,000.

  • Tranche A Lenders means, collectively, the Lenders having a Tranche A Commitment or all or a portion of the Tranche A Loans owing to it; sometimes being referred to herein individually as a “Tranche A Lender”.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

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

  • Total Outstanding Amount means, at any date, the sum of the aggregate outstanding principal amount of all Loans plus the aggregate LC Exposures of all Lenders at such date.

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

  • Available Aggregate Commitment means, at any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time.

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

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

  • Maximum Revolving Amount At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

  • Tranche A Maturity Date means August 4, 2005, or, if such day is not a Business Day, the next preceding Business Day.

  • Tranche A Term Loan as defined in Section 2.1.

  • Aggregate Revolving Credit Outstandings shall have the meaning provided in Section 5.2(b).

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Tranche A Lender means a Lender with a Tranche A Commitment or an outstanding Tranche A Term Loan.

  • Maximum Swingline Amount means $5,000,000.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Total Revolving Credit Outstandings means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations.