Tranche B Advance definition

Tranche B Advance means an advance (as from time to time reduced by repayment in accordance with the terms hereof or the Common Terms Agreement) made or to be made by the Tranche B Facility Lenders under the Tranche B Facility.

Tranche B Advance has the meaning specified in Section 2.01(b).

Tranche B Advance means an Advance made by a Bank under Tranche B.

Examples of Tranche B Advance in a sentence

• The conditions set out in Sections 8.1 and 8.2 are solely for the benefit of the Tranche B Lenders, and may be waived by the Finnvera Facility B Agent with the unanimous consent of the Tranche B Lenders, without prejudice to the right of the Finnvera Facility B Agent to assert any such condition in connection with any subsequently requested Tranche B Advance.

• Advance means a Tranche A Advance, a Tranche B Advance and a Tranche C Advance.

• These accounts or registers shall constitute, in the absence of manifest error, prima facie proof of the total amount of the indebtedness of the Borrower to the Tranche B Lenders, of the date of any Tranche B Advance made to the Borrower and of the total of all amounts paid by the Borrower from time to time with respect to principal and interest owing on the Tranche B Loan and the fees and other sums exigible in connection with the Finnvera Facility B.

• On the date indicated in such latter notice, the Tranche B Affected Lender shall be deemed to have made a Tranche B Advance with interest payable on a Cost of Funds Basis.

• Each Tranche B Lender shall disburse its proportionate share of each Tranche B Advance, taking into account its Tranche B Commitment, and shall make it available to the Finnvera Facility B Agent on the date of the Tranche B Advance fixed by the Borrower, by depositing its proportionate share of the Tranche B Advance in the Finnvera Facility B Agent’s account in Canadian Dollars or US Dollars, as the case may be.

More Definitions of Tranche B Advance

Tranche B Advance means an advance by a Tranche B Lender to any Borrower as part of a Tranche B Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance (each of which shall be a “Type” of Tranche B Advance).

Tranche B Advance means each Advance allocated to Tranche B pursuant to, and in accordance with, this Agreement.

Tranche B Advance means an advance by a Lender to a Borrower as part of a Tranche B Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance.

Tranche B Advance or “Tranche B Advances” is defined in Section 2.1.2(a).

Tranche B Advance means a borrowing hereunder (a) made available by the Tranche B Lenders on the same Borrowing Date or (b) converted or continued by the Tranche B Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the several Tranche B Loans of the same Type and, in the case of Eurocurrency Rate Loans, in the same Agreed Currency and for the same Interest Period.

Tranche B Advance means any Tranche B Loans made pursuant to this Agreement on a single date.

Tranche B Advance and “Tranche B Advances” shall have the meanings assigned to those terms in Section 3(b).