Tranche B Borrowers definition

Tranche B Borrowers means BlackRock Floating Rate Income Portfolio and BlackRock Credit Strategies Income Fund (f/k/a BlackRock Secured Credit Portfolio).
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Tranche B Borrowers means the Parent Borrower and the Tranche B Designated Subsidiary Borrowers.
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Tranche B Borrowers means BlackRock Floating Rate Income Portfolio.
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Examples of Tranche B Borrowers in a sentence

  • Within the foregoing limits and subject to the terms and conditions set forth herein, the Tranche B Borrowers may borrow, prepay and reborrow Tranche B Revolving Loans and issue and sell drafts drawn as BAs.

  • The Tranche B Loans made by each Lender to or for the benefit of any Tranche B Borrower shall, in addition to this Agreement, also be evidenced by a promissory note executed by the Tranche B Borrowers substantially in the form of Exhibit G, payable to the order of such Lender in a principal amount equal to the amount of such Lender’s Tranche B Commitment as in effect on the Fifth Amendment Effective Date (or the date such Lender receives an assignment of such Commitment) and otherwise duly completed.

  • On the Termination Date, the Tranche B Borrowers, jointly and severally, agree to repay the entire outstanding principal amount of, and all accrued but unpaid interest on, the Tranche B Loans.

  • In connection with Tranche B, Borrowers will pay to Bank an arrangement fee in the amount of $200,000.00.

  • In connection with this Amendment and the extension of Tranche B, Borrowers agree to pay to Bank an amendment fee in the amount of $100,000.00.

  • Without limiting Tranche B Borrower's foregoing obligations, if, at any time, Tranche B Borrower or any of its Domestic Subsidiaries receives a remittance directly from an Account debtor or asset buyer, then such Borrower shall make and shall cause each Domestic Subsidiary to make entries on its books and records in a manner that shall reasonably identity such remittances and shall keep a separate account on its record books of all remittances so received and deposit the same into a Special Account.

  • In addition, the Tranche B Borrowers shall pay any and all stamp and other taxes and fees payable or determined to be payable in connection with the execution, delivery, filing and recording of this Note or the New York Mortgage, and agrees to indemnify and hold Lender harmless from and against any and all liabilities with respect to or resulting from any delay in paying or omission to pay such taxes and fees.

  • This Note, the other Tranche B Notes executed by the Tranche B Borrowers, and the Tranche A Borrower Notes together renew and reduce the aggregate principal amount evidenced by, and amend and restate the terms of, those certain Revolving Notes dated as of October 6, 2006, in the aggregate principal amount of $225,000,000, previously executed and delivered by the Morgans Group LLC.

  • Within the foregoing limits and subject to the terms and conditions set forth herein, the Tranche B Borrowers may borrow, prepay and reborrow Tranche B Loans and issue and sell drafts drawn as BAs.

  • Tranche B Borrower shall also establish and maintain a deposit account, which shall contain only proceeds, including Net Cash Proceeds from Permitted Disposition or Recovery Event, of Tranche B Borrower's and its Domestic Subsidiaries' Accounts ("Special Account") with each Bank.


More Definitions of Tranche B Borrowers

Tranche B Borrowers means the Companies listed in Part A of Schedule 1 (The Original Parties) as Tranche B Borrowers and any Additional Borrower which becomes a party hereto as a Borrower under the Tranche B Facility.
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Tranche B Borrowers means collectively, the Borrower and the NY Borrowers.
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Tranche B Borrowers means BlackRock Floating Rate Income Portfolio and such other Borrowers as may be so designated from time to time in an effective Joinder. 1 New language is presented in bold solely for the purposes of highlighting the amendments.
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Related to Tranche B Borrowers

  • Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

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

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Term Lenders means those Lenders having Term Loan Commitments.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.