Tranche II Commitment definition

Tranche II Commitment means as to any Lender (i) the Dollar amount set forth under the heading “Tranche II 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 II 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.
View Source
Tranche II Commitment means the obligation of the Lender to make Tranche II Loans to one or more Borrowers in an aggregate amount not exceeding US$20,000,000, as such amount may be modified from time to time pursuant to the terms hereof.
View Source
Tranche II Commitment mean OPIC’s commitment to lend an amount up to $180,000,000 less (i) the portion thereof that pursuant to Section 2.06(b) has been canceled or has been deemed canceled, and (ii) any Tranche II Loan amounts disbursed pursuant to Section 2.01(c) and (d).
View Source

Examples of Tranche II Commitment in a sentence

  • The Borrower shall pay to NIB during the Tranche II Commitment Period a commitment charge at the rate of one percent (1%) per annum on so much of the Tranche II NIB Loan as has not, from time to time, been disbursed to the Borrower or cancelled.

  • On termination of the Tranche II Commitment Period, the Borrower shall be deemed to have cancelled any then undisbursed portion of the Tranche II NIB Loan and shall pay to NIB on the date of such termination the cancellation fee specified above.

  • On termination of the Tranche II Commitment Period, the Borrower shall be deemed to have cancelled any then undisbursed portion of the Tranche II Bank Loan and shall pay to the Bank on the date of such termination the cancellation fee specified above.

  • 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.

  • The Borrower shall pay to EDC during the Tranche II Commitment Period a commitment charge at the rate of one percent (1%) per annum on so much of the Tranche II EDC Loan as has not, from time to time, been disbursed to the Borrower or cancelled.

  • Upon the making of any Tranche II Advance by a Lender, such Lender’s Tranche II Commitment shall be permanently reduced by an amount equal to such Tranche II Advance and any Tranche II Commitment not drawn on the Tranche II Closing Date shall terminate.

  • The Borrower may cancel all or any part of the Commitments at any time upon written notice and payment to OPIC of a cancellation fee (the “Cancellation Fee”) equal to one percent (1.0%) of the amount of the Commitment canceled, provided that, with respect to the Tranche II Commitment, the Borrower demonstrates to OPIC’s satisfaction that there are sufficient funds available to construct and operate the Project.

  • On termination of the Tranche II Commitment Period, the Borrower shall be deemed to have cancelled any then undisbursed portion of the Tranche II EDC Loan and shall pay to EDC on the date of such termination the cancellation fee specified above.

  • The Borrower shall pay to the Bank during the Tranche II Commitment Period a commitment charge at the rate of one percent (1%) per annum on so much of the Tranche II Bank Loan as has not, from time to time, been disbursed to the Borrower or cancelled.