Tranche 3 Loans definition

Tranche 3 Loans has the meaning provided in Section 2.01(b).
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Tranche 3 Loans means Loans made or deemed made pursuant to this Agreement during the Tranche 3 Availability Period.
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Tranche 3 Loans has the meaning set forth in the third recital hereto. “Transactions” means the negotiation, preparation, execution, delivery and performance by each Obligor of this Agreement and the other Loan Documents to which such Obligor is (or is intended to be) a party, the making of the Loans hereunder, and all other transactions contemplated pursuant to this Agreement and the other Loan Documents. “Treasury Rate” means, for the purpose of calculating any Make-Whole Amount, the yield to maturity implied by the yield(s) for the most recently issued actively traded on-the-run U.S. Treasury securities as quoted on the display designated as “Page PX1” (or such other display as may replace Page PX1) on Bloomberg Financial Markets as of approximately 5:00 p.m. (New York City time) on the second Business Day immediately preceding the date of any repayment or prepayment that is the subject of such Make-Whole Amount, in respect of that period which is mathematically closest in duration to the actual period over which such determination is to be assessed for the purposes of making a present value calculation. The
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Examples of Tranche 3 Loans in a sentence

  • Except as otherwise provided in this Agreement, proceeds of each payment (including each repayment and prepayment of Loans) by or on behalf of the Borrower shall be (i) applied pro rata between the Tranche 1 Loans and any outstanding Tranche 2 Loan and Tranche 3 Loans (on the basis of aggregate outstanding principal amount), and (ii) deemed to be made ratably to the Lenders in accordance with their respective Proportionate Shares of the Loans being repaid or prepaid.


More Definitions of Tranche 3 Loans

Tranche 3 Loans shall have the meaning ascribed to such term in the Agreement.
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Related to Tranche 3 Loans

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Term Loans as defined in Section 2.1.

  • Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).