Tranche Limit definition

Tranche Limit has the meaning set forth in Section 2.3(c)(iii)(C).
View Source
Tranche Limit at any time shall mean a number equal to the sum of the number of Designated Subsidiaries at such time plus six; provided that the Tranche Limit shall not be less than 10.
View Source
Tranche Limit. Section 2.1(a).
View Source

Examples of Tranche Limit in a sentence

  • Tenant agrees to exonerate and save harmless and indemnify Landlord against any claims for a commission arising out of the execution and delivery of this Lease or out of negotiations between Landlord and Tenant with respect to the leasing of other space in the Building, provided that Landlord shall be solely responsible for the payment of brokerage commission to the broker, person or firm, if any, designated in Section 1.

  • The obligations of each Syndicated Bank under this Agreement are severable obligations and are limited by the scope and proportion of Tranche Limit that each of them has committed.

  • Notwithstanding any other provision hereof, there shall not at any time be outstand-ing hereunder Tranches in excess of the Tranche Limit.

  • No Swingline Advance shall be made if, as a result thereof, the aggregate amount of the Swingline Advances and Advances under the Limited Borrower Revolving Carve-out would exceed the Borrowing Base Tranche Limit.

  • Further, notwithstanding anything herein to the contrary, in no event may any Revolving Line Advance be made that would cause such advance, together with all other then outstanding Borrowing Tranches under the Loans (including all Interest Rate Options) to exceed five (5) in number (the "Borrowing Tranche Limit").

  • The aggregate of all FSRU Tranche Loans shall not exceed the FSRU Tranche Limit.

  • SEL covenants and agrees not to effect any Overdraft hereunder which would cause the Outstanding Principal under the Working Capital Tranche to exceed the Working Capital Tranche Limit at any time, and acknowledges that the Operating Lender reserves the right to refuse to honour any Overdraft hereunder which, in the opinion of the Operating Lender, would have the effect of causing the Working Capital Tranche Limit to be so exceeded.

  • Further, notwithstanding anything herein to the contrary, in no event may any Reducing Revolving Line Advance be made that would cause such advance, together with all other then outstanding Borrowing Tranches under the Loans (including all Interest Rate Options) to exceed the Borrowing Tranche Limit.

  • As used herein, the term "Second Tranche Limit" means the result of $1,000,000 minus the aggregate remaining unfunded availability of New First Tranche Term Loans as of the June 2005 Amendment Date.

  • Provided a timely Loan Request is received and all conditions precedent to the making of advance hereunder are satisfied, the Bank shall, subject to the Borrowing Tranche Limit, fund Revolving Line Advances for which the Euro-Rate Option (for Permitted Euro-Rate Interest Periods, hereinafter defined) or the Base Rate Option has been selected to the Borrower in U.

Related to Tranche Limit

  • Dollar Commitment means, with respect to each Dollar Lender, the commitment of such Dollar Lender to make Syndicated Loans, and to acquire participations in Letters of Credit and Swingline Loans, denominated in Dollars hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Dollar Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Dollar Commitment is set forth on Schedule 1.01(b), or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Dollar Commitment, as applicable. The aggregate amount of the Lenders’ Dollar Commitments as of the First Amendment Effective Date is $115,000,000.

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Tranche B has the meaning assigned in Section 2.1(c)(i).