Tranche B Borrowing definition

Tranche B Borrowing means a Borrowing comprised of Tranche B Loans.

Tranche B Borrowing means a Borrowing consisting of simultaneous Tranche B Advances of the same Type made by each of the Lenders pursuant to Section 2.01(c).

Tranche B Borrowing means a borrowing consisting of simultaneous Tranche B Advances of the same Type made by each of the Tranche B Lenders pursuant to Section 2.01(a).

Examples of Tranche B Borrowing in a sentence

• Aggregate Borrowing Base, Tranche A Borrowing Base and Tranche B Borrowing Base calculations shall be consistent with historical methods of valuation and calculation, and otherwise satisfactory to Agent (and not necessarily calculated in accordance with GAAP).

• Each Tranche B Borrowing shall be in an amount not less than the Revolving Credit Borrowing Minimum or the Revolving Credit Borrowing Multiple in excess thereof and shall consist of Tranche B Advances of the same Type and in the same currency made on the same day by the Tranche B Lenders ratably according to their respective Tranche B Commitments.

• Such amendment shall include such changes as the Agent and the Borrowers shall deem necessary or desirable to clarify the administration of the Tranche A Facility or the Tranche B Facility and the Tranche A Borrowing Base or the Tranche B Borrowing Base hereunder in a manner consistent with this Agreement.

• The Company shall furnish to the Administrative Agent any information that the Administrative Agent may reasonably request regarding the determination and calculation of the Tranche A Borrowing Base or the Tranche B Borrowing Base including correct and complete copies of any invoices, underlying agreements, instruments or other documents and the identity of all Account Debtors in respect of the Accounts referred to therein.

• For purposes of calculating the Tranche A Borrowing Base, the Tranche B Borrowing Base and the Aggregate Borrowing Base, such calculation of Inventory shall be on a “first-in, first-out” basis.

More Definitions of Tranche B Borrowing

Tranche B Borrowing means Tranche B Loans made on the same day by the Tranche B Lenders ratably according to their respective Tranche B Commitments.

Tranche B Borrowing means a borrowing consisting of Tranche B Advances made on the same day by the Lenders pursuant to Section 2.01(b).

Tranche B Borrowing means, initially, the borrowing consisting of simultaneous Tranche B Advances by the Tranche B Lenders on the Funding Date. After the Tranche B Advances are outstanding, "Tranche B Borrowing" means a portion of the Tranche B Advances (as to which each Tranche B Lender has a ratable part) that (a) bears interest by reference to the Base Rate or (b) bears interest by reference to the Eurodollar Rate and has a single Interest Period.

Tranche B Borrowing means the designation of Revolving Advances as Tranche B Advances pursuant to Section 2.01(a) or Converted by each Lender to Tranche B Advances of a different Type pursuant to Section 2.02(b).

Tranche B Borrowing means Tranche B Loans of the same Type, made, converted or continued on the same date, and, in the case of Tranche B Loans that are Eurodollar Loans, as to which a single Interest Period is in effect.

Tranche B Borrowing means a borrowing consisting of simultaneous Tranche B Advances of the same Type and to the same Borrower made by each Bank pursuant to Section 2.01(b).

Tranche B Borrowing means a Borrowing comprised of Tranche B Loans. “Tranche B Commitment” means, as to any Lender, the Dollar amount set forth opposite such Lender’s name on Schedule I hereto as such Xxxxxx’s “Tranche B Commitment”. “Tranche B Facility” means, at any time, the aggregate principal amount of Tranche B Loans outstanding at such time. “Tranche B Lenders” means, at any time, any Lender with a Tranche B Commitment or a Tranche B Loan outstanding at such time. The Tranche B Lenders as of the Effective Date are set forth on Schedule I. “Tranche B Loans” means the advances by the Tranche B Lenders to the Borrower under the Tranche B Facility and may refer to Base Rate Advances or Term SOFR Rate Advances (each of which shall be a “Type” of Tranche B Loans). Unless the context shall otherwise require, “Tranche B Loans” shall include any Incremental Term Advances (other than any additional Term Advances or any Specified Incremental Term Advances). The aggregate principal amount of the Tranche B Loans as of the Effective Date is $1,050,000,000. “Tranche B Maturity Date” means the date that is seven years after the Effective Date. “Tranche B Note” means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower. “Tranche B2 Borrowing” means a Borrowing comprised of Tranche B2 Loans. “Tranche B2 Commitment” means, as to any Lender, the Dollar amount set forth opposite such Lender’s name on Schedule I hereto as such Lender’s “Tranche B2 Commitment”. “Tranche B2 Facility” means, at any time, the aggregate principal amount of Tranche B2 Loans outstanding at such time. 57