Tranche B Construction Loans definition

Tranche B Construction Loans has the meaning set forth in Section 2.1(c) of this Credit Agreement.
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Tranche B Construction Loans means, collectively, the In-Progress Plant 1 Construction Loans, the In-Progress Plant 2 Tranche B Construction Loans and the Greenfield Plant 1 Tranche B Construction Loans.
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Tranche B Construction Loans means Lender Group Tranche B Construction Loans and Bank Tranche B Construction Loans in an aggregate principal amount equal to $1,067,612,000.07, that were advanced by the Tranche B Lender Groups and Tranche B Banks prior to November 14, 2002, and remain outstanding."
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Examples of Tranche B Construction Loans in a sentence

  • For the avoidance of doubt, the Tranche A Construction Loans and the Tranche B Construction Loans shall convert to Tranche A Term Loans and Tranche B Term Loans (respectively) on the same date.

  • Notwithstanding anything in this Agreement to the contrary, at all times until the final Tranche B Application for Borrowing is made, the sum of (a) Unadvanced Tranche B Construction Loans plus (b) the excess of (i) the Tranche B Institutional Construction Loan Commitment over (ii) the Tranche B Institutional Construction Loans made hereunder (without taking into account any prepayment thereof) shall equal no less than $2,000,000.

  • The result of any such assignments shall be that the Tranche A Assignee will hold a Tranche A Construction Loan Commitment and a share of the Total Working Capital/Project LC Commitment (and not a Non-Ratable Loan Commitment), in each case in a Proportionate Share equal to its Proportionate Share of the Tranche B Construction Loans, and each Non-Ratable Lender’s share of the aggregate Non-Ratable Loan Commitment will be reduced proportionately.

  • Each such notice (a “Notice of Borrowing”) shall be irrevocable and shall be given by the Borrower substantially in the form of Exhibit A-1 hereto, appropriately completed to specify (i) the aggregate principal amount of the Tranche A Construction Loans to be made pursuant to such Borrowing, (ii) the aggregate principal amount of the Tranche B Construction Loans to be made pursuant to such Borrowing, and (iii) the date of such Borrowing (which shall be a Business Day not later than the Conversion Date).

  • Each Borrowing of Tranche B Construction Loans shall be incurred contemporaneously and ratably among the Lenders based upon the amount of their respective Tranche B Construction Loan Commitments.

  • In addition, file any Cash Grant Application in respect of a Project if Obligations with respect to the Tranche B Construction Loans have not been repaid in full with the proceeds of the applicable Cash Grant.

  • Notwithstanding anything to the contrary contained herein, in no event shall any Loans made pursuant to this Section 2.22 shall (i) cause the amount of Tranche A Construction Loans or Tranche B Construction Loans disbursed by any Lender to exceed such Lender’s Tranche A Construction Loan Commitment or Tranche B Construction Loan Commitment, as applicable or (ii) cause the amount of Total Funded Construction Loans to exceed the Total Construction Commitment.

  • The aggregate maximum amount of Tranche B Construction Loans outstanding at any point in time shall not exceed the lesser of (A) the Tranche B Construction Loan Commitment and (B) 95% of 30% of total funded Eligible Costs for all the Projects at such time.

  • The aggregate amount of any prepayment to be applied to the Loans shall be applied first to prepay, pro rata, (x) the Tranche A Construction Loans or the Term Loans then outstanding and (y) the Tranche C Loans and second, to prepay the Tranche B Construction Loans.

  • Not less than three Banking Days prior to the proposed initial date of Borrowing for the Tranche B Construction Loans, delivery to Administrative Agent of an opinion, substantially in the form of Exhibit G-10, from counsel to Borrower with respect to the qualification of each Borrower Subsidiary and Project to receive a Cash Grant.


More Definitions of Tranche B Construction Loans

Tranche B Construction Loans means the Construction Loans made by the Tranche B Lenders, up to the aggregate amount of the Tranche B Construction Loan Commitment that will bear interest at the interest rate calculated from time to time pursuant to Section 3.06 (Interest Rate Determination) using the Tranche B Applicable Margin.
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Related to Tranche B Construction Loans

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

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

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

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

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Delayed Drawdown Collateral Obligation A Collateral Obligation that (a) requires the Issuer to make one or more future advances to the borrower under the Underlying Documents relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the borrower thereunder; but any such Collateral Obligation will be a Delayed Drawdown Collateral Obligation only until all commitments by the Issuer to make advances to the borrower expire or are terminated or are reduced to zero.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

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

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

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

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Term B Facility means the Term B Loan Commitments and the Term B Loans made hereunder.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

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

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

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

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.