Tranche C Loans definition

Tranche C Loans means as specified in Section 2.1(c).

Tranche C Loans means any Loans the purpose and use of which is to satisfy reserve requirements under Rule 15c3-3 of the Securities Exchange Act, whether by making an additional deposit to the account of the Borrower or reducing “credits” in the Reserve Formula such that a simultaneous pro forma calculation of the Reserve Formula would permit withdrawal from one or more Reserve Accounts of an amount sufficient to repay such loan.

Tranche C Loans means the secured non-revolving term loans in the aggregate principal amount of Cdn.$50,000,000 owing by the Borrower to the Tranche C Lenders under the Tranche C Credit Agreement.

Examples of Tranche C Loans in a sentence

• If TFA requests a Borrowing of, or continuation of Tranche C Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

• Each Committed Borrowing, each conversion of Committed Loans from one Type to the other, and each continuation of Eurocurrency Rate Loans or continuation of Tranche C Loans shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent (or Canadian Sub-Agent, in the case of Tranche B, or Australian Sub-Agent, in the case of Tranche C), which may be given by telephone.

• Each Request for Loans (other than a Committed Loan Notice requesting only a conversion of Committed Loans to the other Type or a continuation of Eurocurrency Rate Loans or Tranche C Loans) submitted by any Borrower shall be deemed to be a representation and warranty by such Borrower that the conditions specified in Sections 4.2(a) and (b) have been satisfied on and as of the date of the applicable Loans.

• The Australian Sub-Agent shall promptly notify TFA and the appropriate Lenders of the interest rate applicable to any Interest Period for Tranche C Loans upon determination of such interest rate.

• Notwithstanding the foregoing, if after giving effect to the making of any Tranche A Loans, Tranche B Loans or Tranche C Loans, the Unused Tranche A Commitment would be less than or equal to the Dollar Equivalent of EUR 300,000,000 (as determined by the Administrative Agent), then, only to the extent TKG has not borrowed EUR 300,000,000 as of the date such Loan is to be made, such Loans shall not be made without the consent of TKG (which consent may be waived only by TKG).

More Definitions of Tranche C Loans

Tranche C Loans or a "Tranche C Loan") to the Company in amounts not to exceed, in the aggregate at any one time outstanding, the least of:

Tranche C Loans in the eighteenth line thereof and inserting in its place a comma.

Tranche C Loans collectively, (i) the Loans made under the Tranche C Commitment pursuant to Section 2.3 and (ii) the Assumed Debt.

Tranche C Loans means Loans so long as, and to the extent that, they --------------- are secured by 'C' Credit Mortgage Loans, determined in accordance with Section 2.01(d) hereof.

Tranche C Loans shall have the meanings given such -------------- --------------- terms in Paragraph 3(a) above.

Tranche C Loans shall have the meaning set forth in Section 2.01(c).

Tranche C Loans means the “Tranche C Loans” as defined in, and made in accordance with, the New Term Loan Joinder Agreement dated as of December [•], 2012 among the Borrowers, the New Term Loan Lenders party thereto, and the Administrative Agent.