Tranche B Borrowing definition

Tranche B Borrowing means a Borrowing comprised of Tranche B Revolving Loans under the Tranche B Facility.

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

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.

Examples of Tranche B Borrowing in a sentence

• 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.

• Prior to the Tranche A Discharge Date, if, on any date, the aggregate Tranche B Term Loans exceed the Assumed Tranche B Borrowing Base at such time, a Push Down Reserve shall be immediately and automatically established in respect of the Tranche A Borrowing Base in an aggregate principal amount equal to such excess.

• Aggregate Borrowing Base: on any date of determination, the sum of the Tranche A Borrowing Base, plus the Tranche B Borrowing Base, minus the Accounts Reserve, minus the Inventory Reserve, minus the Availability Reserve, minus the Bank Product Reserve, provided, however, that no Reserve shall be duplicative of any factor to the extent that it is already reflected in the calculation of the Aggregate Borrowing Base, Tranche A Borrowing Base and/or Tranche B Borrowing Base.

• 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 a borrowing consisting of simultaneous Tranche B Advances of the same Type made by each Bank pursuant to Section 2.01(b) or Converted by each Bank to Tranche B Advances of a different Type pursuant to Section 2.02(b).

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).

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 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.