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

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.

• 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.

• 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.

• 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.

More Definitions of Tranche B Borrowing

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

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 making of any Tranche B Loan."

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 a Borrowing comprised of Tranche B Terms Loans.

Tranche B Borrowing means a borrowing under this Agreement consisting of Tranche B Loans of the same Type and Interest Period and made on the same day by one or more Tranche B Lenders, as thereafter continued and/or converted.

Tranche B Borrowing means Tranche B Loans made on the Effective Date, or the Re-Advance Date, as the case may be, by the Tranche B Loans Lenders ratably according to their respective Tranche B Commitments.