Tranche B Facilities definition

Tranche B Facilities means the Tranche B Commitments and the provisions herein related to the Tranche B Loans.
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Tranche B Facilities means the Tranche X X/C Facility, the Tranche B T/R Facility and the Tranche B Loan Facility in an aggregate amount up to US$4,000,000 (US$ four million), and Tranche B Facility means any of them, as the context requires;
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Tranche B Facilities. Each Tranche B Lender will make available the Tranche B Facilities to the Borrower on terms and conditions set out in this Agreement, provided that: (a) the aggregate principal amount of the Tranche X X/C Outstandings, the Tranche B T/R Outstandings and the Tranche B Loan Outstandings shall at any time not exceed US$4,000,000 (US$ four million); and (b) the Borrower may at its option use, whether singly or collectively, any or all of the Tranche X X/C Facility, the Tranche B T/R Facility and/or the Tranche B Loan Facility, subject to the periods and amounts set out in clause 8.2 (Amounts and Periods) below.
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Examples of Tranche B Facilities in a sentence

  • No Borrower shall be entitled to prepay Advances or any part of them or cancel the Tranche A Facility or the Tranche B Facilities in whole or in part otherwise than as specifically provided in this Agreement.

  • Any undrawn or unutilised amount of the Tranche B Facilities at the end of each of the periods set out in paragraphs (a) and (b) above shall automatically be cancelled without any cancellation fee.

  • Subject to the provisions of this Agreement, the Borrower may, on Business Days during the Availability Period relating to the Tranche B Facilities, make a request for an Issue of a Tranche B Letter of Credit by delivering to a Tranche B Lender not less than 3 (three) Business Days prior to the proposed Issue Date a duly completed request (which shall be irrevocable) in the form to be specified by such Tranche B Lender.

  • In accordance with the Financing Agreement, see note 5, Debt, on October 18, 2011, the Company entered into a series of fixed for floating interest rate swaps for 75% of the outstanding Tranche A and Tranche B Facilities amounts, intended to hedge the risks associated with floating interest rates.

  • Notwithstanding Clause 7.8 (Application of Prepayment or Cancellation), an amount equal to all Disposal Proceeds shall be applied in permanent repayment of the Tranche A Loans or, if no Tranche A Loans have been made, in cancellation of the Tranche A Facilities, or, to the extent that the Tranche A Loans have been repaid or cancelled in full, in permanent repayment of the Tranche B Loans or , if no Tranche B Loans have been made, in permanent cancellation of the Tranche B Facilities.

  • Remaining conditions precedent to the first drawdown under Tranche B Facilities of $30m relate to finalisation of security arrangements.

  • Each drawdown under the Credit Facilities shall be made (i) first, ratably among the Tranche A and Tranche B Facilities and (ii) second, from the Tranche C Facility, and at no time shall the ratio of debt issued for purposes of financing the Acquisition to the total funding sources for the Acquisition exceed the applicable percentages set forth in the Commitment Letter.

  • The Company has a series of fixed for floating interest rate swaps for 75% of its Tranche A and Tranche B Facilities amounts.

  • Purchaser shall deliver notice to Seller on or before December 22, 1999 tentatively identifying the Facilities to be closed on or before December 30, 1999 (the "Tranche A Facilities") (subject to complete satisfaction of the conditions set forth in Paragraph 12) and provided that the Tranche A Closing actually occurs, the remaining Facilities shall be closed (subject to the complete satisfaction of the conditions set forth in Paragraph 12) on or before January 30, 2000 (the "Tranche B Facilities").

  • The Tranche A and Tranche B Facilities amortize based upon a predetermined schedule over the term of the loan with the balance payable at maturity in August 2023.The West Holdings Credit Agreement also provides for the issuance of letters of credit and working capital loans to support the El Segundo Energy Center collateral needs.


More Definitions of Tranche B Facilities

Tranche B Facilities. A commitment fee on the Tranche B Facilities shall be payable as follows: (i) at the rate of 0.5% (zero point five per cent.) per annum upon the daily amount in US dollars of the Tranche B Facilities for the time being not drawn, utilised and uncancelled and to be calculated on the basis of actual days elapsed from the Effective Date and a year of 360 (three hundred and sixty) days; (ii) payable directly to the Tranche B Lenders on the dates falling at three monthly intervals after the Effective Date and on the last day of the Availability Period relating to the Tranche B Facilities or on any earlier day when the Tranche B Facilities are fully drawn, utilised or reduced to zero.
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Tranche B Facilities means the Tranche B Dollar Facility and the Tranche B Euro Facility
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Related to Tranche B Facilities

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

  • Term Facilities means the Term A Facility and the Term B Facility.

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

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

  • 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.

  • Incremental Facilities has the meaning assigned to such term in Section 2.22(a).

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Term A Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A Loans of all Term A Lenders outstanding at such time.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

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

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

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

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

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • L/C Facility means the letter of credit facility established pursuant to Article III.

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

  • Term Facility Commitment means the commitment of a Term Lender to make Term Loans, including Initial Term Loans and/or Other Term Loans.

  • Facility or Facilities means any tangible asset in the right-of-way required to provide utility service.

  • 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.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • 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.

  • New Term Facility has the meaning specified in Section 2.14(a).