Tranche B Debt definition

Tranche B Debt. The aggregate of the Borrowers' Liabilities, obligations, and indebtedness of any character to the Tranche B Lender arising from or related to the Tranche B Loan, other than Tranche B Fees.
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Tranche B Debt has the meaning set out in the Parent Articles of Incorporation.
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Tranche B Debt means the certain term loan to Solutions consisting of a Canadian dollar series in the principal amount of Cdn$100,000,000 and a U.S. dollar series in the principal amount of the U.S. dollar equivalent of Cdn$200,000,000 pursuant to a certain credit agreement dated May 1, 2003 between, inter alia, Solutions and JP Morgan Chase Bank as agent, as amended, restated or supplemented from time to time;
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Examples of Tranche B Debt in a sentence

  • Reimbursements of Tranche B Debt are as follows: 2.5% of the principal amount was reimbursed in 2003; 3.33% will be reimbursed in 2004; 3.33% in MICROCELL TELECOMMUNICATIONS INC.

  • The proceeds of the Loans shall be used by the Borrower solely to refinance the existing Tranche B Debt outstanding pursuant to the Original Tranche B Credit Agreement and to repay the Tranche C Loans, with the balance to be available to finance the working capital needs of the Borrower in the ordinary course of business and for general corporate purposes, including to assist the Borrower in implementing its capital expenditure plan and its operating plan.

  • The minimum contractual payments of Tranche B Debt and Tranche C Debt for the next five years are as follows: $9.3 million in 2004; $9.3 million in 2005; $13.9 million in 2006; $13.9 million in 2007; and $225.5 million in 2008.

  • The Tranche B Debt is payable in quarterly installments, which started in June 2003 and will mature in December 2008.

  • The Tranche B Debt is collateralized by a second lien on all of the Company’s assets.

  • The Tranche B Debt bears interest at the prime rate plus 3.0%, base rate plus 3.0% or bankers’ acceptance rate plus 4.0%.

  • The fair value of the Tranche B Debt and Tranche C Debt is determined based on an amount quoted on the over-the-counter market at the balance sheet date.

  • Tranche B Debt The Tranche B Debt, a term loan in the amount of $300 million, comprising a Canadian dollar series in the amount of $104.8 million and a U.S. dollar series with a principal amount equivalent to Canadian $195.2 million [US$134.3 million].

  • The Amendment and Restatement Agreement shall have been executed and delivered, and the Tranche B Debt outstanding shall have been refinanced by the Tranche B Debt represented by the Loans hereunder and the Tranche B-Term Loan B Loans.

  • Agent shall provide Institutional Agent with at least five days’ prior written notice of its approval of Borrower’s calculation of the Tranche A Debt Service Coverage Ratio, the Tranche B Debt Service Coverage Ratio and the Combined Debt Service Coverage Ratio.


More Definitions of Tranche B Debt

Tranche B Debt means the aggregate of the Company's Obligations, and indebtedness of any character to the Tranche B Lender that arise from or are related to the Tranche B Loans, including, but not limited to, Tranche B Fees.
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Tranche B Debt means collectively, the Tranche B-Term Loan A Obligations and the Tranche B-Term Loan B Obligations.
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Tranche B Debt means Debt of the Joint Venture outstanding as Tranche B Loans under the Credit Agreement, provided, however, that, for the purposes of Sections 3.03(c), 3.03(d), 3.03(e), 3.04(e), 3.04(f), 4.03 and 12.03 only all amounts due with respect to Tranche B Debt shall be calculated as if all payments in respect of such Tranche B Debt made by the Kronos Partner or any of its Affiliates under any guaranty of the Kronos Partner's obligations were so applied, without regard to whether so applied.
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Related to Tranche B Debt

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

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

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

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

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

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

  • Tranche B Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche B Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Tranche B Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche B Commitment, as the case may be. The initial aggregate amount of the Lenders’ Tranche B Commitments is $750,000,000.

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche B Term Loan Maturity Date means October 20, 2016.

  • 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.

  • Tranche A Maturity Date means November 8, 2008, or, if such day is not a Business Day, the next preceding Business Day.

  • 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).

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Closing Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Tranche B Notes is defined in Section 1.

  • Tranche A Commitment means, with respect to each Lender, the -------------------- commitment, if any, of such Lender to make Tranche A Term Loans hereunder, expressed as an amount representing the maximum principal amount of the Tranche A Term Loans to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender's Tranche A Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Lenders' Tranche A Commitments is $175,000,000.

  • Term Loan A Maturity Date means July 29, 2025.

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Tranche B Advance 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).

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • 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.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make or otherwise fund the Tranche A Term Loan and “Tranche A Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of the Tranche A Term Loan Commitments as of the Closing Date is $5,000,000.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • 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.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.