Tranche I Commitment definition

Tranche I Commitment means, with respect to any Bank, the commitment of such Bank to make Loans and such Bank’s obligation to purchase participations in Swingline Loans in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Bank’s name under the heading “Tranche I” on Schedule 1.1 (and in the currencies indicated for such tranche on Schedule 1.1), or in the Assignment Agreement pursuant to which such Bank shall have assumed its Tranche I Commitment, as applicable, as such amount may be (a) reduced from time to time pursuant to Section 2.7; (b) reduced or increased from time to time pursuant to assignments by or to such Bank pursuant to Section 2.12, 11.1 or 11.3(h); and (c) increased from time to time pursuant to Section 2.10.

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Tranche I Commitment means as to any Lender (i) the Dollar amount set forth under the heading “Tranche I Commitment” opposite such Lender’s name on Schedule I hereto or (ii) if such Lender has entered into an Assignment and Acceptance, the Dollar amount set forth for such Lender under the heading “Tranche I Commitment” in the Register maintained by the Administrative Agent pursuant to Section 8.07(d), in each case as such amount may be reduced pursuant to Section 2.01, 2.09 or 2.10.

Tranche I Commitment means, with respect to any Bank, the commitment of such Bank to make Loans and such Bank’s obligation to purchase participations in Swingline Loans in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Bank’s name under the heading “Tranche I” on S chedule 1.1 (and in the currencies indicated for such tranche on S chedule 1.1), or in the Assignment Agreement pursuant to which such Bank shall have assumed its Tranche I Commitment, as applicable, as such amount may be (a) reduced from time to time pursuant to S ection 2.7; (b) reduced or increased from time to time pursuant to assignments by or to such Bank pursuant to

Examples of Tranche I Commitment in a sentence

On termination of the Tranche I Commitment Period, the Borrower shall be deemed to have cancelled any then undisbursed portion of the NIB Loan and shall pay to NIB on the date of such termination the cancellation fee specified above.
Subject to Section 3.04 and Article IV, the Tranche I NIB Loan shall be disbursed by NIB in one Disbursement on a Business Day during the Tranche I Commitment Period upon request of the Borrower.
The Tranche I Loan shall not exceed the amount of the Tranche I Commitment and the Tranche II Loan shall not exceed the amount of the Tranche II Commitment.
On termination of the Tranche I Commitment Period, the Borrower shall be deemed to have cancelled any then undisbursed portion of the Bank Loan and shall pay to the Bank on the date of such termination the cancellation fee specified above.
On termination of the Tranche I Commitment Period, the Borrower shall be deemed to have cancelled any then undisbursed portion of the EDC Loan and shall pay to EDC on the date of such termination the cancellation fee specified above.
Subject to Section 3.04 and Article IV, the Tranche I Bank Loan shall be disbursed by the Bank in one Disbursement on a Business Day during the Tranche I Commitment Period upon request of the Borrower.
Upon the making of any Tranche I Advance by a Lender, such Lender’s Tranche I Commitment shall be permanently reduced by an amount equal to such Tranche I Advance and any Tranche I Commitment not drawn on the Effective Date shall terminate.
Subject to Section 3.04 and Article IV, the Tranche I EDC Loan shall be disbursed by EDC in one Disbursement on a Business Day during the Tranche I Commitment Period upon request of the Borrower.

More Definitions of Tranche I Commitment

Tranche I Commitment means the obligation of the Lender to make Tranche I Loans to one or more Borrowers in an aggregate amount not exceeding US$15,000,000, as such amount may be modified from time to time pursuant to the terms hereof.

Tranche I Commitment means OPIC’s commitment to lend an amount up to $85,000,000 less (i) the portion thereof that pursuant to Section 2.06(b) has been canceled or has been deemed canceled, and (ii) any Tranche I Loan amounts disbursed pursuant to Section 2.01(c) and (d).