Tranche B definition

Tranche B has the meaning assigned in Section 2.1(c)(i).

Tranche B is defined in Section 2.1.1(a).

Tranche B means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche B Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche B” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche B Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.

Examples of Tranche B in a sentence

• With respect to the Tranche B Term Loans, the Tranche B Funding Condition shall have been satisfied as set forth on the Loans Schedule.

• Each party hereto hereby acknowledges and agrees that the Tranche A Term Loans and the Tranche B Term Loans are part of an investment unit within the meaning of Section 1273(c)(2) of the Code, which includes the Warrants.

• Under no circumstances shall PubCo be obligated to effect, (i) with respect to any Tranche A Registrable Securities, more than an aggregate of one (1) Registration pursuant to a Demand Registration under this subsection 2.1.1, and (ii) with respect to any Tranche B Registrable Securities, more than an aggregate of one (1) Registration pursuant to a Demand Registration under this subsection 2.1.1.

• Each Borrowing of Tranche B Term Loans shall be in a principal amount of not less than $5,000,000 (or such lower amount as the Administrative Agent may agree in its sole discretion).

• The Borrower shall have the right at any time or from time to time to terminate in full (but not in part) all of the then outstanding Applicable Commitments with respect to the Tranche B Term Loans; provided that the Borrower shall give the Lender and the Administrative Agent at least three (3) Business Days’ notice of each such termination.

More Definitions of Tranche B

Tranche B means up to seventy five per cent (75%) of the amount of the Hermes Insurance Premium or the Equivalent Amount thereof payable on the later of the First Drawdown Date and the issue of the Hermes Cover to be paid to the Hermes Agent for on-payment to Hermes to be advanced by the Lenders on a Drawdown Date by way of their Contributions thereto PROVIDED THAT the amount of this Tranche and the amount of Tranche A shall not when aggregated exceed eighty per cent (80%) of the Hermes Premium;

Tranche B means the amount of up to USD25,000,000, being the aggregate of all of the Advances to be made available by the Lender to the Borrowers to assist Skiathos in its acquisition of Vessel B or, as the context requires, the amount thereof outstanding from time to time;

Tranche B means the amount of up to USD26,000,000, being the aggregate of all of the Advances to be made available by the Bank to the Borrowers to assist Crete in its acquisition of Vessel B; and

Tranche B means the aggregate of the Tranche B Commitments.

Tranche B means that part of the Loan made or to be made available to Borrower B to refinance all or part of the Existing Indebtedness in a principal amount up to the lesser of (i) $42,000,000 and (ii) 55 per cent. of the Initial Market Value of Ship B. "Transaction Document" means:

Tranche B means, at any time, all Tranche B Collateral Loans at such time.

Tranche B means the tranche of the Facility designated as Tranche B and made available under this Agreement as described in Clause 2.1(b) (The Facility).