Tranche B Loan definition

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

Tranche B Loan means the Loans made pursuant to the Tranche B Commitment.

Tranche B Loan means any Loan made or deemed made by the Banks pursuant to Section 2.01(c), and shall include any incremental Tranche B Loan made pursuant to Section 2.15 and “Tranche B Loans” means the aggregate principal amount of the Tranche B Loans of all the Banks.

Examples of Tranche B Loan in a sentence

• The Second Extended DIP Facility consists of an $800,000,000 Tranche A Loan (including a $500,000,000 letter of credit subfacility) and a $500,000,000 Tranche B Loan.

• If no election as to the Type of Borrowing is specified, then the Tranche B Loan shall initially be an ABR Borrowing.

• Once repaid, the Tranche B Loan may not be reborrowed and the Total Tranche B Commitment shall be automatically and permanently reduced by an amount equal to the amount so repaid.

• Such repayments of the Tranche B Loan shall be applied to installments under Section 2.3(b)(i) in the inverse order of maturity.

• The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Tranche A Loans or Tranche B Loan, as the case may be, comprising such Borrowing, and the Tranche A Loans and Tranche B Loan, as the case may be, comprising each such Type shall be considered a separate Borrowing.

More Definitions of Tranche B Loan

Tranche B Loan means a Loan under the Tranche B Facility and identified as such in its Request.

Tranche B Loan means an extension of credit by a Lender to TCCI under Article II and shall, unless the context otherwise requires, be deemed to include Drafts accepted or purchased by any such Lender, and BA Equivalent Notes issued to such Lender in exchange for Drafts. Tranche B Loans may be denominated in Canadian Dollars (as Canadian Prime Rate Loans, Bankers’ Acceptances, Drafts or BA Equivalent Notes), US Dollars (as Base Rate Loans or Eurocurrency Rate Loans) or any Alternative Currency (as Eurocurrency Rate Loans).

Tranche B Loan means a Loan granted to Borrower by the Banks in accordance with Section 2.1B hereof.

Tranche B Loan means an extension of credit by a Lender to TCCI under Article II and shall, unless the context otherwise requires, be deemed to include Drafts accepted or purchased by any such Lender, and BA Equivalent Notes issued to such Lender in exchange for Drafts, including a Loan converted to a term Loan pursuant to Section 2.13(c). Tranche B Loans may be denominated in Canadian Dollars (as Canadian Prime Rate Loans, Bankers’ Acceptances, Drafts or BA Equivalent Notes), US Dollars (as Base Rate Loans or Eurocurrency Rate Loans) or any Alternative Currency (as Eurocurrency Rate Loans).

Tranche B Loan means a Loan made pursuant to clause (b) of Section 2.01.

Tranche B Loan means a Loan made by a Lender to the Borrower pursuant to Section 2.01(b).

Tranche B Loan means, with respect to a Tranche B Lender, any Loan made by such Tranche B Lender pursuant to Article II (or any conversion or continuation thereof).