Tranche C means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche C Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche C” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche C Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.
Tranche C means up to the amount by which the Hermes Insurance Premium is increased after the date on which the seventy five per cent (75%) of the amount of the Hermes Insurance Premium is paid by the Hermes Agent to Hermes or the Equivalent Amount thereof to be paid to the Hermes Agent for on-payment to Hermes to be advanced by the Lenders on a Drawdown Date by way of their Contributions thereto PROVIDED THAT the amount of this Tranche and the amount of Tranche A and Tranche B shall not when aggregated exceed eighty per cent (80%) of the Hermes Premium;
Tranche C means the amount of up to USD25,000,000, being the aggregate of all of the Advances to be made available by the Lender to the Borrowers to assist Syros in its acquisition of Vessel C or, as the context requires, the amount thereof outstanding from time to time;
Examples of Tranche C in a sentence
Subject to the terms and conditions of this Agreement and the achievement of the Tranche C Availability Milestone, upon Xxxxxxxx’s request, during the Tranche C Draw Period, Bank shall make one (1) term loan advance to Borrower under Tranche C, in an original principal amount equal to the Tranche C Availability Amount (the “Tranche C Term Loan Advance”).
More Definitions of Tranche C
Tranche C means the aggregate of the Tranche C Commitments.
Tranche C has the meaning specified in Section 2.01(c).
Tranche C means that part of the Loan made or to be made available to the Borrowers to enable the Borrowers to refinance the Existing Indebtedness in relation to Ship C and for general corporate and working capital purposes in a principal amount not exceeding 58 per cent. of the Fair Market Value of Ship C.
Tranche C means, at any time, all Tranche C Collateral Loans at such time.
Tranche C means that part of the Loan made or to be made available to Borrower C to finance the Purchase Price in respect of Ship C in a principal amount not exceeding $53,105,000.
Tranche C. That part of the Facility granted to the Borrower pursuant to Clause 2.1.1(c) (Granting of the Facility).
Tranche C is defined in Section 2.1.1(a) hereof.