Tranche B Borrowing Date definition

Tranche B Borrowing Date means a Borrowing Date in respect of Tranche B Loans.
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Tranche B Borrowing Date shall have the meaning set forth in Section 2.1(b).
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Tranche B Borrowing Date means any date on which a Tranche B Borrowing occurs under subsection 2.3(b). "Tranche A Commitment," as to each Tranche A Bank, has the meaning specified in subsection 2.1(a). As of the date of this Agreement, the amount of the combined Tranche A Commitments of all Tranche A Banks is $112,500,000. "Tranche B Commitment," as to each Tranche B Bank, has the meaning specified in subsection 2.1(b). As of the date of this Agreement, the amount of the combined Tranche B Commitments of all Tranche B Banks is $37,500,000.
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Examples of Tranche B Borrowing Date in a sentence

  • A certificate, dated as of the Tranche B Borrowing Date and signed by a Responsible Officer of the Borrower, confirming compliance with the conditions set forth in subsections (c), (d) and (f) of this Section 6.03.

  • Except as provided in subsection (e) above, each and every one of the representations of the Co-Borrowers and of the Joint and Several Obligors pursuant to this Agreement and/or pursuant to the other Loan Documents shall be true, complete, and correct in all aspects on and as of the Tranche B Borrowing Date, as if such representations were made on such Tranche B Borrowing Date, which the Co-Borrowers and the Joint and Several Obligors shall note and certify in writing in the relevant Borrowing Request.

  • The Precautionary Principle Also Applies to Public Health Actions.

  • Except as provided in subsection (e) above, as of the Tranche B Borrowing Date, no Material Adverse Change shall have occurred, to the reasonable satisfaction of the Lenders or the Agent, as applicable.

  • If and to the extent any Tranche B Bank shall not have made its full amount available to the Administrative Agent in immediately available funds and the Administrative Agent in such circumstances has made available to a Borrower such amount, that Tranche B Bank shall on the Business Day following such Tranche B Borrowing Date make such amount available to the Administrative Agent, together with interest at the Federal Funds Rate for each day during such period.

  • A certificate, dated as of the Tranche B Borrowing Date and signed by a Responsible Officer of Borrower, confirming compliance with the conditions set forth in this Section 6.02.

  • The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower has achieved Net Revenue of at least $65,000,000 for any twelve (12) consecutive month period prior to the Tranche B Borrowing Date.

  • The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower has (i) achieved Net Revenue of at least $43,600,000 for any twelve (12) consecutive month period prior to the Tranche B Borrowing Date and (ii) received aggregate cash proceeds of at least $27,500,000 from the sale or issuance of Equity Interests of the Borrower prior to the Tranche B Borrowing Date.

  • For a linear sweep:40 f = A' t + B' 9 where A' and B' are constants to determine the sweep rate.

  • The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Obligors have achieved Core Product Revenue of at least $215,000,000 for any twelve (12) consecutive month period prior to the Tranche B Borrowing Date.


More Definitions of Tranche B Borrowing Date

Tranche B Borrowing Date means the first day of each Tranche B ------------------------ Interest Period during the term of this Agreement with the initial Tranche B Borrowing Date being the Effective Date.
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Tranche B Borrowing Date shall have the meaning provided in Section 4B.
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Related to Tranche B Borrowing Date

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

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

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

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

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

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

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a).

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Revolving Credit Extension Request shall have the meaning provided in Section 2.14(f)(ii).

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.