Tranche C Facility definition

Tranche C Facility means the aggregate of the Tranche C Commitments.

Tranche C Facility or “Tranche C” means the aggregate of the Tranche C Commitments.

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

Examples of Tranche C Facility in a sentence

• Additionally, the Exit Facility Documents shall provide that Tranche A Facility Notes shall have priority over the Tranche B Facility Notes, which shall have priority over the Tranche C Facility Notes.

• On the Effective Date, Tranche C Loans under the Senior Secured Credit Agreement will become loans under the New Tranche C Facility (without any additional loans being made by the Senior Lenders under the New Tranche C Facility) pursuant to the Plan of Reorganization.

• Without limiting the generality of the foregoing, the Administrative Agent may require that (x) any payment by any Borrower due under this Agreement, other than any payment to be made in respect of the Tranche B Facility or the Tranche C Facility, be made in the United States, (y) any payments to be made by TCCI in respect of the Tranche B Facility be made in Canada and (z) any payment to be made by TFA in respect of the Tranche C Facility be made through the applicable Australian Sub-Agent’s Office.

• Upon repayment of this Loan and the satisfaction by Borrower of all of the Obligations under this Loan, the Collateral shall continue to secure the Additional Credit Facility, the Inventory Loan and the Tranche C Facility, as provided in the documents evidencing and securing the Additional Credit Facility, the Inventory Loan and the Tranche C Facility.

• The Collateral also secures the Obligations of Borrower under the Additional Credit Facility, the Inventory Loan, and the Tranche C Facility.

More Definitions of Tranche C Facility

Tranche C Facility means the US dollar term loan facility granted to the Company under Clause 3.2.1 (Grant of Project Contingent Debt Facilities).

Tranche C Facility means the Tranche C Commitments and the provisions herein related to the Tranche C Loans.

Tranche C Facility means, at any time, the aggregate amount of the Tranche C Lenders’ Tranche C Revolving Credit Commitments at such time.

Tranche C Facility means the loan facility referred to in Clause 2.1(c), the terms and conditions of which are set out in this Agreement;

Tranche C Facility means the USD 30,000,000 term loan facility made available under this agreement as referred to in clause 2.1(c).

Tranche C Facility means the principal amount of up to the lower of $25,375,000 and 70% of the Contract Price of Vessel C, comprised of a Senior Loan and a Mezzanine Loan in the amounts agreed between the Agent and the Borrowers, or (as the context may require) the principal amount thereof owing to the Lenders under this Agreement at any relevant time.

Tranche C Facility means the revolving credit facility made available under this Agreement and described in Clause 2.3 (Tranche C Facility).