Tranche I definition

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

Tranche I means that part of the Loan, up to the Maximum Tranche I Amount, to be advanced to the Borrowers for the purpose of financing part of the purchase price of Vessel I, or when the context permits, the amount advanced and for the time being outstanding.

Tranche I means the advances pursuant to Section 2.1(a)(i).

Examples of Tranche I in a sentence

• The Subscription Shares will be issued and allotted to the Subscribers in two tranches, namely the Tranche I Subscription Shares and the Tranche II Subscription Shares.

• At least six months prior to the opening for operation of the expressway road financed under Tranche I of the Facility, ARS shall have provided ADB with MOT-endorsed framework and definitive action plan for establishing tolling roads along any expressway road financed under the Facility.

• At least six months prior to the opening for operation of the expressway road financed under Tranche I of the Facility, (i) MOT shall develop and implement a plan, acceptable to ADB, for ensuring safe operation of road infrastructure facilities; and (ii) Azerbaijan acting through relevant government authorities shall ensure that traffic police patrols the road and enforces the national laws and regulations.

• At least six months prior to the opening for operation of the expressway road financed under Tranche I of the Facility, ARS, jointly with concerned Government agencies, shall provide to ADB Azerbaijan’s emission standards and the penalties for infringement of such standards.

• MOT shall cause ARS to establish vehicle weighing stations within the expressway road(s) financed under Tranche I of the Facility to control the axle overloading and institute appropriate procedures and regulations to enforce the axle load control by the completion of the relevant project or subproject.

More Definitions of Tranche I

Tranche I is defined in Section 2.1.2(a).

Tranche I means that part of the Loan made or to be made available to the Borrowers to finance up to 65 per cent. of the Fair Market Value of Ship I.

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

Tranche I means the Invitation for Application issued by M/s Indian Renewable Energy Development Agency Limited (IREDA), vide Application No. TS- 22019(11)/1/2021-IREDA, including subsequent amendments and clarifications, thereto.

Tranche I has the meaning set forth in Section 2.1(a).

Tranche I means one (1) term loan in the principal amount equal to Fifteen Million Dollars ($15,000,000).

Tranche I is a portion of the total amount of the Facility in the amount of $250,000,000.