Tranche B Revolving Credit Advance definition

Tranche B Revolving Credit Advance means an Advance by a Tranche B Lender to any Borrower as part of a Revolving Credit Borrowing under the Tranche B Facility.
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Tranche B Revolving Credit Advance has the meaning specified in Section 2.01(b).
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Tranche B Revolving Credit Advance means an advance by a Tranche B Revolving Credit Lender to any Borrower as part of a Tranche B Revolving Credit Borrowing and refers to a EURIBOR Advance or a LIBOR Advance (each of which shall be a “Type” of Tranche B Revolving Credit Advance).
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Examples of Tranche B Revolving Credit Advance in a sentence

  • The Borrower promises to pay interest on the unpaid principal amount of each Tranche B Revolving Credit Advance from the date of each Tranche B Revolving Credit Advance until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Fourth Amended and Restated Revolving Credit Agreement.

  • On the Closing Date, the Tranche B Revolving Lenders shall make a $10,000,000 Tranche B Revolving Credit Advance which notwithstanding anything to the contrary herein, shall be held equally by the Tranche B Revolving Lenders existing on the Closing Date (the "Initial Tranche B Advance").

  • Each Tranche B Revolving Credit Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each a "Tranche B Revolving Credit Advance") to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date in an amount for each such Advance not to exceed such Lender's Unused Tranche B Revolving Credit Commitment at such time.

  • Agent may assume that each Tranche A Revolving Lender and Tranche B Revolving Lender, as applicable, will make its Pro Rata Share of each Tranche A Revolving Credit Advance and Tranche B Revolving Credit Advance, as applicable, available to Agent on each funding date.

  • Each Tranche B Revolving Credit Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each a "Tranche B Revolving Credit Advance") to the Borrower from time to time on any Business Day during the period from the date hereof until the Tranche B Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Tranche B Revolving Credit Commitment on such Business Day.

  • Each Tranche B Revolving Credit Advance owing to the Lender by the Borrower and the maturity thereof, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached hereto, which is part of this Promissory Note.

  • Each Tranche B Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each a "Tranche B Revolving Credit Advance") to the Borrower from time to time on any Business Day during the period from the Effective Date until the Tranche B Termination Date in an aggregate amount for each such Advance not to exceed such Tranche B Lender's Unused Tranche B Revolving Credit Commitment at such time.

  • Agent shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Tranche A Revolving Credit Advance, Notice of Tranche B Revolving Credit Advance, Notice of Conversion/Continuation or similar notice received from any Borrower or the Borrower Representative believed by Agent to be genuine.

  • Agent shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Tranche A Revolving Credit Advance prior to the Acquisition Closing Date, any Notice of Tranche B Revolving Credit Advance on the Acquisition Closing Date, any Notice of Revolving Credit Advance on and after the Acquisition Closing Date, any Notice of Conversion/Continuation or any similar notice believed by Agent to be genuine.


More Definitions of Tranche B Revolving Credit Advance

Tranche B Revolving Credit Advance and together with the Tranche A Revolving Credit Advances, the “Revolving Credit Advances”) to the Borrower from time to time. The Outstanding Principal Amount of all Advances shall not at any time exceed the lesser of (x) the Aggregate Commitment and (y) the sum of the Tranche A Borrowing Base and the Tranche B Borrowing Base. The Outstanding Principal Amount of Revolving Credit Advances made by each Lender shall not exceed such Lender’s Commitment. The Outstanding Principal Amount of all Tranche A Revolving Credit Advances shall not at any time exceed the Tranche A Borrowing Base. The Outstanding Principal Amount of Tranche A Revolving Credit Advances made by each Lender shall not exceed such Lender’s Pro Rata Share of the Tranche A Borrowing Base. The Outstanding Principal Amount of all Tranche B Revolving Credit Advances shall not at any time exceed the Tranche B Borrowing Base. The Outstanding Principal Amount of Tranche B Revolving Credit Advances made by each Lender shall not exceed such Lender’s Pro Rata Share of the Tranche B Borrowing Base. Except to the extent provided in Section 2.06(c), no Lender shall make any Revolving Credit Advances if, after giving effect thereto, a Funding Excess would exist. The Borrower may from time to time borrow, repay and reborrow Revolving Credit Advances hereunder on the terms and conditions set forth herein.
Sample 1
Tranche B Revolving Credit Advance means an advance by a Tranche B Revolving Credit Lender to any Borrower as part of a Tranche B Revolving Credit Borrowing and refers to a EURIBOR Advance or a LIBOR Advance (each of which shall be a “ Type ” of Tranche B Revolving Credit Advance).
Sample 1

Related to Tranche B Revolving Credit Advance

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Revolving Credit Loans as defined in Section 2.1.

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

  • U.S. Revolving Credit Commitment shall have the meaning assigned to such term in Section 2.1(c).

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) 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 2.01 under the caption “Revolving Credit Commitment” or opposite such caption 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.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Unused Revolving Credit Commitment means, with respect to any Lender at any date of determination, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Credit Advances, Swing Line Advances and Letter of Credit Advances made by such Lender (in its capacity as a Lender) and outstanding at such time plus (ii) such Lender’s Pro Rata Share of (A) the aggregate Available Amount of all Letters of Credit outstanding at such time, (B) the aggregate principal amount of all Letter of Credit Advances made by the Issuing Banks pursuant to Section 2.03(c) and outstanding at such time and (C) the aggregate principal amount of all Swing Line Advances made by the Swing Line Bank pursuant to Section 2.01(c) and outstanding at such time.

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the date hereof is $250,000,000.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

  • Total Revolving Credit Commitment means, at any time, the aggregate amount of the Revolving Credit Commitments, as in effect at such time. The initial Total Revolving Credit Commitment is $90,000,000.

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

  • Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • 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).