Tranche B-2 definition

Tranche B-2 is defined in Section Error! Reference source not found..

Tranche B-2 has the meaning specified in Section 2.1(c).

Tranche B-2 means the portion of the Loans attributable to Newbuilding Vessel 2 in an aggregate principal amount of up to Twenty Million Five Hundred Thousand United States Dollars ($20,500,000);

Examples of Tranche B-2 in a sentence

• Except as set forth in this Amendment, the Tranche B-2 Term Loans shall otherwise be subject to the provisions of the Credit Agreement and the other Loan Documents.

• Upon execution and delivery hereof, the Administrative Agent will record the Tranche B-2 Term Loans made by each Participating Lender in the Register.

• The Borrowers shall prepay all Existing Tranche B-1 Term Loans of Non-Consenting Existing Tranche B-1 Term Loan Lenders and Post-Closing Option Tranche B-2 Lenders with the gross proceeds of the Additional Tranche B-2 Term Loans.

• Any optional prepayments of Tranche B-1 Term Loans, Tranche B-2 Term Loans and/or other Term Loans of any Class pursuant to this Section 2.07 will be applied to the remaining scheduled amortization payments of such applicable Class of Term Loans as directed by the Borrower (or in the absence of such direction, in direct order of maturity, to the amortization payments of such applicable Class of Term Loans) and will be applied ratably to the Term Loans of such Class included in the prepaid Borrowing.

• As of the Amendment No. 13 Effective Date, the aggregate outstanding principal amount of Tranche B-2 U.S. Term Loans is $1,250,000,000.

• All Tranche B-2 Term Loans outstanding on the Second Amendment Effective Date were repaid in full on the Second Amendment Effective Date.

• Upon the conversion of Tranche B-2 Term Loans to Extended Term Loans or the refinancing of Tranche B-2 Term Loans with Credit Agreement Refinancing Indebtedness, all scheduled amortization payments, if any, shall be reduced ratably by the aggregate principal amount of the Tranche B-2 Term Loans so converted, refinanced or replaced.

• The proceeds from the 2016 Term Loan Facility were used to repay approximately $588 million in remaining principal plus accrued and unpaid interest of the 2013 Citicorp Credit Facility Tranche B-2 with the remainder of the proceeds to be used for general corporate purposes.

• Simultaneous with funding of the Tranche B-2 Term Loans the Term Loan Lenders (as defined in the Existing Debt Facility) under the Existing Debt Facility shall have been paid all accrued principal and interest under the Existing Debt Facility.

• The Borrower shall prepay all Existing Tranche B-2 Term Loans of Non-Consenting Existing Tranche B-2 Term Loan Lenders and Post-Closing Option Tranche B-2 Lenders with the gross proceeds of the Additional Tranche B-3 Term Loans.

More Definitions of Tranche B-2

Tranche B-2 has the meaning assigned to that term in Section 2.3(b).

Tranche B-2 is defined in Section 2.2.

Tranche B-2 is defined in section 3.02;

Tranche B-2 means the portion of the Commitments and the Facility comprised in the aggregate of $109,500,000 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-2 Lenders and now evidenced by the Tranche B-2 Notes.

Tranche B-2 shall have the meaning assigned to that term in the recitals of this Agreement.