Tranche B Credit Facility definition

Tranche B Credit Facility means Loans that the Lender has agreed to provide to the Borrower pursuant to and on the terms and conditions set forth herein, in an aggregate amount up to the Tranche B Commitment.
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Tranche B Credit Facility means the $50,000,000 revolving credit facility provided for in Annex I.
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Tranche B Credit Facility means the term credit facility made available to the Borrower in accordance with Article 2 for the purposes specified in Section 2.03.
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Examples of Tranche B Credit Facility in a sentence

  • If the aggregate outstanding balance of the Indebtedness allocated to the Tranche "A" Credit Facility is or becomes more than the Tranche "A" Credit Facility Availability, then in that event, the amount of the balance in excess of the Tranche "A" Credit Facility Availability shall be allocated to the Tranche "B" Credit Facility hereunder.

  • The Tranche A Credit Facility shall have been fully disbursed or the unutilized Tranche A Commitment shall have been reallocated to the Tranche B Credit Facility.

  • In each such case, the successor Agent that is appointed under this Agreement and the Credit Agreement shall be the same until such time as the Tranche B Credit Facility and the Tranche B Loan Documents are assigned pursuant to Section 3.17 hereof.

  • Upon any such assignment, Halliburton or its designee shall replace Chase (and Chase shall resign as Agent pursuant to Section 11.09 hereof) as Agent under the Tranche B Credit Facility, and neither Chase nor any Lender shall have any further obligations with respect to the Tranche B Credit Facility.

  • Borrower acknowledges, confirms and agrees that Lender shall have the right to allocate any request for an Advance hereunder to this Loan, the Tranche A Credit Facility and/or the Tranche B Credit Facility in such manner as Lender may elect in its sole and absolute discretion.

  • If the Tranche B Loans are assigned to Halliburton, then Halliburton shall replace Chase as administrative agent under the Tranche B Credit Facility and neither Chase nor any Lender shall have any obligation with respect thereto.

  • In the event Halliburton is called upon to perform under the Halliburton Guaranty, in exchange for payment in full of all amounts owing under and in connection with the Tranche B Credit Facility, the Agent and the Lenders shall assign the Tranche B Notes and all Liens securing same to Halliburton or its designee under an assignment the form of which is attached as Exhibit J to Annex I.

  • Additionally, the advances to Borrower, pursuant to the Tranche "B" Credit Facility in an aggregate amount not to exceed Three Million Dollars ($3,000,000.00) without the prior written consent of Lender, may be used to make principal payments on the Subordinated Debt.

  • MOXY agrees that it will use the aggregate proceeds from (a) the exercise of the Rights, if any, and (b) the Purchase Price, if any, to perform its obligations under this Agreement to terminate the Tranche B Credit Facility and have the Guaranty Agreement released.

  • Each request for advance hereunder shall set forth the most current availability calculation for the Tranche "A" and the Tranche "B" availability and the portion of such requested advance that is to be allocated to increase the outstanding balance of either the Tranche "A" Credit Facility and/or the Tranche "B" Credit Facility.


More Definitions of Tranche B Credit Facility

Tranche B Credit Facility means that certain portion of the availability of the Loan as determined pursuant to the provisions of Section 2.17 hereof.
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Tranche B Credit Facility means that revolving credit facility that MOXY establishes with the Lenders, as further described in Article 6. The principal balance of the Tranche B Credit Facility shall not exceed an outstanding balance of the amount described in Section 6.1(a).
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Tranche B Credit Facility means the Term Loan Commitments and extensions of credit thereunder.
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Tranche B Credit Facility means the term credit facility in the maximum principal amount of Cdn. $10,000,000 made available to the Borrower in accordance with Article 2 for the purposes specified in Section 2.03(3).
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Related to Tranche B Credit Facility

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • New Credit Facility is defined in Section 9.8.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • ABL Credit Facility means the senior secured asset-based revolving loan facility and the term loan facilities made pursuant to the ABL Credit Agreement.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Revolving Credit means the credit facility for making Revolving Loans and issuing Letters of Credit described in Sections 1.1 and 1.2 hereof.

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended as of November 14, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as administrative agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Alternate Credit Facility means any irrevocable direct pay letter of credit, insurance policy or similar credit enhancement or support facility for the benefit of the Trustee, the terms of which Alternate Credit Facility shall in all respects material to the registered owners of the Bonds be the same (except for the term set forth in such Alternate Credit Facility) as those of the Letter of Credit.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

  • Exit Facility Credit Agreement means the credit agreement, in substantially the form attached to this Plan as Exhibit B or Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Debtors and the Required Consenting Creditors in the manner set forth in the Plan Support Agreement.