Tranche B Available Commitment definition

Tranche B Available Commitment means, in relation to a Bank on any date, its Tranche B Commitment less the Euro Amount of its Tranche B Outstandings, together with that Bank’s share of any Tranche B Advances the Repayment Date of which falls on such date;

Tranche B Available Commitment means a Lender's Tranche B Commitment minus:

Tranche B Available Commitment means, as to any Bank at any time, an amount equal to (a) such Bank’s Tranche B Commitment Amount less (b) the sum of (i) the aggregate principal amount of all Tranche B Loans to all Borrowers made by such Bank then outstanding and (ii) such Bank’s Tranche B Swing Line Exposure at such time; collectively, as to all the Banks, the “Tranche B Available Commitments”.

Examples of Tranche B Available Commitment in a sentence

• Each Bank will participate through its Facility Office in each Advance to be made under the facility in the proportion borne by its Tranche B Available Commitment to the Tranche B Available Amount when the Agent receives the notice requesting that Advance (unless, between then and the time for making that Advance, its Tranche B Available Commitment is reduced to zero, in which case the amount of that Advance will be reduced accordingly).

• The Borrower shall pay a commitment fee calculated on a daily basis at the rate of 1.50% per annum on the amount of each Lender’s Tranche A Available Commitment and Tranche B Available Commitment in each case during the period from (but excluding) the date of this Agreement to (and including) the Final Maturity Date.

• The Borrower shall pay a commitment fee calculated on a daily basis at the rate of 1.00% per annum on each Bank’s Tranche B Available Commitment from day to day during the period beginning on the date of the Deed of Amendment and ending on the Final Maturity Date.

• The Borrower shall pay a commitment fee calculated on a daily basis at the rate of 0.625% per annum on the amount of each Bank’s Tranche A Available Commitment and at the rate of 1.00% per annum on each Bank’s Tranche B Available Commitment from day to day during the period beginning on the date of the Amendment Agreement and ending on the relevant Final Maturity Date.

More Definitions of Tranche B Available Commitment

Tranche B Available Commitment means, in relation to a Lender, such Lender’s Available Commitment with respect to Tranche B.

Tranche B Available Commitment as to any Tranche B Lender at any time, an amount equal to such Tranche B Lender’s Tranche B Commitment then in effect minus:

Tranche B Available Commitment means, in relation to a Lender, at any time and save as otherwise provided in this Agreement, its Tranche B Commitment at such time adjusted to take account of:

Tranche B Available Commitment means, in relation to a Lender on any date during the Tranche B Availability Period, its Tranche B Commitment (to the extent not cancelled) less the amount of that Lender’s share of any Advances under Tranche B made on or prior to the relevant date;

Tranche B Available Commitment. The amount of the Tranche B Total Commitments less the Tranche B Loan but, in determining the amount of the Tranche B Available Commitment at the date a Notice of Drawdown for Tranche B is delivered, there will be deducted (without any double counting) from such amount each of the following:

Tranche B Available Commitment means, for each Lender, the excess of such Lender's Tranche B Commitment over such Lender's Tranche B Outstanding Credits. "Tranche B Available Commitments" shall refer to the aggregate of the Lenders' Tranche B Available Commitments hereunder.

Tranche B Available Commitment means, for each Lender, the excess of such Lender's Tranche B Commitment over such Lender's Tranche B Outstanding Credits. "TRANCHE B AVAILABLE Commitments" shall refer to the aggregate of the Lenders' Tranche B Available Commitments hereunder.