Examples of Yen Tranche in a sentence
All fees accrued until the effective date of any termination of the Aggregate Revolving Credit Commitments, the Aggregate Revolving Euro Tranche Commitments or the Aggregate Revolving Yen Tranche Commitments, as the case may be, shall be paid on the effective date of such termination.
Notwithstanding anything to the contrary contained in this Agreement, the Company may rescind any notice of termination under this subsection 2.3 if such termination would have been made in connection with a refinancing or replacement of all or a portion of the Revolving Credit Loans, Revolving Euro Tranche Loans or Revolving Yen Tranche Loans, as the case may be, which refinancing or replacement shall not be consummated or shall otherwise be delayed.
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The Administrative Agent will promptly notify the Appropriate Lenders of any such notice of termination or reduction of the Aggregate Revolving Credit Commitments, the Aggregate Revolving Euro Tranche Commitments or the Aggregate Revolving Yen Tranche Commitments.
Within the limits of each Revolving Yen Tranche Lender’s Revolving Yen Tranche Commitment, and subject to the other terms and conditions hereof, the Company and the applicable Designated Borrowers may borrow under this subsection 2.1(d), prepay under subsection 4.2, and reborrow under this subsection 2.1(d).
Any such reduction of the Aggregate Revolving Yen Tranche Commitments shall be in an amount equal to ¥50,000,000 or a whole multiple of ¥10,000,000 in excess thereof and shall reduce permanently the Revolving Yen Tranche Commitments then in effect.
After giving effect to all Revolving Yen Tranche Borrowings and all continuations of Revolving Yen Tranche Loans, there shall not be more than six Interest Periods in effect in respect of the Revolving Yen Tranche Facility.
Revolving Yen Tranche Loans shall be Eurocurrency Loans and shall be denominated only in Yen.
Basically they are the outcome of economic interests and legal definitions within a specific context.
If a Borrower fails to specify a Type of Loan in a Loan Notice or if a Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Term A Loans, Revolving Credit Loans, Revolving Euro Tranche Loans or Revolving Yen Tranche Loans shall be made or continued as, converted to, Eurocurrency Loans in their original currencies with an Interest Period of one month.