Tranche F definition

Tranche F means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche F Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche F” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche F Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.

Tranche F 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 Mytilene in its acquisition of Vessel F or, as the context requires, the amount thereof outstanding from time to time;

Tranche F means that part of the Loan made or to be made available to the Borrowers to enable the Borrowers to finance the acquisition of Ship F and for general corporate and working capital purposes in a principal amount not exceeding 58 per cent. of the Fair Market Value of Ship F.

Examples of Tranche F in a sentence

• Use the proceeds of the Tranche F Term Loans for the purposes specified in the Seventh Amendment.

• Each prepayment of Tranche F Term Loans pursuant to this Section 4.4(a) made on or prior to December 7, 2018 in connection with a Tranche F Term Loan Repricing Transaction shall be accompanied by the payment of the fee required by Section 4.5(h).

• Tranche F in the amount of $8.0 million was issued on January 30, 2015 (see Note 9).

• On January 30, 2015, the Company issued $8.0 million Tranche F secured debentures to Glencore that bear interest at 12-month US dollar LIBOR plus 8.0%.

• If not sooner paid, the entire principal amount, all accrued and unpaid interest hereunder, all due and unpaid Lender Expenses and any other outstanding amounts payable under the Loan Documents shall be due and payable on the Tranche F Term Loan Maturity Date as set forth in the Loan Agreement.

More Definitions of Tranche F

Tranche F means that part of the Loan referred to in Clause 6.2.1, or when the context permits, the amount advanced and for the time being outstanding.

Tranche F means the credit facility provided pursuant to S ection 2.1 to or for the benefit of the Company by the Banks with a Tranche F Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche F” on S chedule 1.1 and shall be in the maximum aggregate amount of the Tranche F Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.

Tranche F means the term loan facility made available to the Borrower as described in paragraph (f) of Clause 2.1.

Tranche F means that part of the Loan to be advanced in one Drawing to the Borrower either concurrently with the Delivery Date of Vessel F or, if the relevant Collateral Owner has already purchased Vessel F from the relevant Seller, to refinance the Purchase Price of Vessel F, but in any event no later than the Availability Termination Date which shall not exceed the Maximum Sum for Vessel F in connection with the purchase of Vessel F or, where the context permits, the amount advanced and for the time being outstanding.

Tranche F means the tranche subfacility provided to the Company and the other Multicurrency Borrowers pursuant to Article VII.

Tranche F means that part of the Loan made available to the Borrowers to refinance the purchase price of Ship F.

Tranche F means that part of the Loan made or to be made available to the Borrowers in an amount not exceeding the relevant Tranche Amount to refinance the Existing Indebtedness over Ship F under Existing Agreement D or, as the case may be, the Existing Indebtedness over the relevant Substitute Ship of Ship F under the relevant Substitute Ship Existing Agreement, and for general corporate purposes or (as the context may require) the principal amount of such borrowing outstanding for the time being.