Tranche C Borrowing definition

Tranche C Borrowing means a Borrowing comprised of Tranche C Loans.
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Tranche C Borrowing means a borrowing (including a continuation) consisting of simultaneous Tranche C Loans of the same Type and, in the case of Term SOFR Loans, having the same Interest Period made by each of the Tranche C Lenders pursuant to Section 2.2(bb).
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Tranche C Borrowing means the Borrowing made of all of Tranche C of the Loan by the Lenders in favor of the Co-Borrowers, after the Tranche B Borrowing as provided by Section 2.1.2 of this Agreement, for the purposes provided in paragraph (iii) of Section 2.1.6 of this Agreement once the Tranche C Borrowing Conditions have been met.
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Examples of Tranche C Borrowing in a sentence

  • For the avoidance of doubt, Excess Availability shall not include any availability under the Tranche B Borrowing Base or Tranche C Borrowing Base.

  • A certificate, dated as of the Tranche C Borrowing Date and signed by a Responsible Officer of the Borrower, confirming compliance with the conditions set forth in subsections (c), (d) and (f) of this Section 6.04.

  • Any Borrowing Subsidiary shall continue to be a Tranche A Borrowing Subsidiary, a Tranche B Borrowing Subsidiary or a Tranche C Borrowing Subsidiary, as the case may be, until the Company shall have executed and delivered to the Administrative Agent a Borrower Termination Agreement with respect to such Subsidiary, whereupon such Subsidiary shall cease to be a Borrowing Subsidiary hereunder.

  • The Tranche C Borrowing shall consist of Tranche C Loans made simultaneously by the Tranche C Lenders in accordance with their respective Commitment Percentage of the Tranche C Facility.

  • The aggregate principal amount of any Lender's Tranche C Loans at any time outstanding (after giving effect to the other transactions contemplated by the Borrowing Request pursuant to which a Tranche C Loan is requested) shall not exceed the lesser of: (1) such Lender's Percentage Share of the Collateral Value of the Tranche C Borrowing Base or (2) such Lender's Percentage Share of the Tranche C Sublimit.

  • At no time shall the aggregate amount of all Tranche C Loans outstanding at any time exceed the lesser of (1) the Collateral Value of the Tranche C Borrowing Base and (2) the Tranche C Sublimit.

  • Any notice of prepayment delivered pursuant to this Section 2.11(b) shall set forth the amount of such prepayment which is applicable to any Loan made for working capital purposes, as well as whether the Loans so being prepaid constitute a part of a Tranche A Borrowing, a Tranche B Borrowing, a Tranche C Borrowing or a Tranche D Borrowing).

  • The Tranche C Borrowing shall consist of Tranche C Loans made (or continued hereunder) simultaneously by the Tranche C Lenders in accordance with their respective Commitment Percentage of the Tranche C Facility.

  • The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower has achieved Net Revenue of at least $95,000,000 for any twelve (12) consecutive month period prior to the Tranche C Borrowing Date.

  • If such Tranche C Lender pays such amount to the Administrative Agent, then such amount shall constitute such Tranche C Lender's Tranche C Loan included in such Tranche C Borrowing.


More Definitions of Tranche C Borrowing

Tranche C Borrowing means Tranche C Supplemental Term Loans, if any, made in accordance with SECTION 2.1(d) by the Tranche C Lenders ratably according to their respective Tranche C Commitments.
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Tranche C Borrowing means a borrowing of Tranche C Loans made or to be made by the Borrower hereunder.
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Tranche C Borrowing means Tranche C Loans made on the same day by the Tranche C Lenders ratably according to their respective Tranche C Commitments.
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Tranche C Borrowing means, initially, the borrowing consisting of simultaneous Tranche C Advances by the Tranche C Lenders on the Funding Date. After the Tranche C Advances are outstanding, "Tranche C Borrowing" means a portion of the Tranche C Advances (as to which each Tranche C Lender has a ratable part) that (a) bears interest by reference to the Base Rate or (b) bears interest by reference to the Eurodollar Rate and has a single Interest Period.
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Related to Tranche C Borrowing

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a).

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

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

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).

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

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • Tranche C Term Loan as defined in Section 2.1.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.