Tranche B Equipment Advances definition

Tranche B Equipment Advances means any Equipment Advances(s) made under Tranche B.

Examples of Tranche B Equipment Advances in a sentence

• The aggregate outstanding amount of Tranche A Equipment Advances and Tranche B Equipment Advances shall not exceed the Equipment Line.

• The aggregate outstanding amount at any time of Tranche A Equipment Advances and Tranche B Equipment Advances shall not exceed the Maximum Equipment Line Availability.

• The aggregate outstanding amount of Tranche A Equipment Advances and Tranche B Equipment Advances shall not at any time exceed the Committed Equipment Line.

• The aggregate outstanding amount of Tranche A Equipment Advances and Tranche B Equipment Advances shall not exceed the Equipment Loan.

• The aggregate amount of the Initial Equipment Advance, Tranche A Equipment Advances and Tranche B Equipment Advances shall not exceed the Equipment Line.

• The aggregate amount of Tranche A Equipment Advances and Tranche B Equipment Advances shall not exceed the Equipment Line.

• Borrower may request Tranche B Equipment Advances at any time from the day after the Tranche A Availability End Date through the Tranche B Availability End Date.

• Any Equipment Advances that are outstanding under Tranche B on the Tranche B Availability End Date shall be due and payable in 24 equal monthly installments of principal, beginning on the 30th day of the month following the Tranche B Availability End Date, and continuing on the like day of each month thereafter through the Equipment Maturity Date, at which time all amounts due in connection with Tranche B Equipment Advances made under this Section 2.1(c) shall be immediately due and payable.

• Any Tranche B Equipment Advances made by Bank shall immediately amortize and be payable in equal monthly installments of principal, plus all accrued interest, beginning on the first (1st) day of the month immediately following such Tranche B Equipment Advance and continuing on the first (1st) day of each month thereafter through the Equipment Maturity Date, at which time all amounts due in connection with the Tranche B Equipment Advances made under this Section 2.1(b) shall be immediately due and payable.

• The aggregate outstanding amount of Tranche A Equipment Advances, Tranche B Equipment Advances, Tranche C Equipment Advances and Tranche D Equipment Advances (including any Advances for Equipment Soft Costs) shall not exceed the Sublimit C Amount.