Tranche B-1 definition

Tranche B-1 has the meaning set out in Section 3.02(a).
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Tranche B-1 has the meaning specified in Section 2.1(b).
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Tranche B-1 means the portion of the Loans attributable to Newbuilding Vessel 1 in an aggregate principal amount of up to Twenty Million Five Hundred Thousand United States Dollars ($20,500,000);
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Examples of Tranche B-1 in a sentence

  • Not later than 1:00 p.m., New York City time, on the Tranche B-1 Funding Date, each Tranche B-1 Lender shall make available funds equal to its Tranche B-1 Commitment in immediately available funds to the Administrative Agent at its address specified pursuant to Article 13 of the Credit Agreement.

  • No amount of any Tranche B-1 Loan which is repaid or prepaid by the Borrower may be reborrowed hereunder.

  • Upon execution and delivery hereof, the Administrative Agent will record the Tranche B-1 Term Loans made by each Participating Lender in the Register.

  • The Tranche B-1 Loans shall constitute a separate Class of Term Loans under the Credit Agreement, distinct from the Class of Term Loans made by the Lenders on the Effective Date.

  • Except as set forth in this Amendment, the Tranche B-1 Term Loans shall otherwise be subject to the provisions of the Credit Agreement and the other Loan Documents.

  • The aggregate principal amount of Tranche B-1 Commitments as of the Amendment No. 1 Effective Date for all Lenders was $730,000,000.

  • Tranche B-1 Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

  • Gross proceeds required to be funded by each Tranche B-1 Lender with respect to its Tranche B-1 Loan shall be equal to 99.875% of the principal amount of such Tranche B-1 Loan.

  • It is acknowledged and agreed that each Converting Lender has agreed to accept as satisfaction in full of its right to receive payment on the outstanding amount of Existing Term Loans of such Converting Lender the conversion of its Existing Term Loans into Tranche B-1 Term Loans in accordance herewith, in lieu of the prepayment amount that would otherwise be payable by the Borrower pursuant to the Credit Agreement in respect of the outstanding amount of Existing Term Loans of such Converting Lender.

  • The Tranche B-1 Loans shall constitute the same Class of Term Loans under the Credit Agreement as the Class of Term Loans made by the Lenders on the Amendment Effective Date.


More Definitions of Tranche B-1

Tranche B-1 is defined in section 3.02;
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Tranche B-1 means $1.0 billion of tranche B-1 term loans that are part of the 2013 Citicorp Credit Facility. “Tranche B-2” means $600 million of tranche B-2 term loans that are part of the 2013 Citicorp Credit Facility. “TSA” means Transportation Security Administration.
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Tranche B-1 means the portion of the Commitments and the Facility comprised in the aggregate of $165,000,000 in Commitments, a portion of which was previously advanced to Borrower by KeyBank and is outstanding on the Agreement Effective Date as shown on Schedule 1.1, as assigned on the Agreement Effective Date to those Lenders identified on Schedule 1.1 as Tranche B-1 Lenders and now evidenced by the Tranche B-1 Notes.
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Tranche B-1 shall have the meaning assigned to that term in the recitals of this Agreement.
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Related to Tranche B-1

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

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

  • Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Tranche 2 has the meaning set forth in Section 2.2(a)(ii).