Tranche A Facility Clause Samples

Tranche A Facility. The Tranche A Facility Lenders grant to the Company, upon the terms and subject to the conditions hereof, a US dollar term loan facility in an aggregate amount of USD243,750,000.00.

Tranche A Facility. (A) (i) The Tranche A Loan will accrue a finance charge on the Average Daily Balance thereof, from and including the Tranche A Loan Commencement Date to and including February 28, 2003, at a per annum rate equal to the lesser of (a) the Tranche A Loan Finance Charge and (b) the highest rate from time to time permitted by applicable law. If it is determined that the amounts received from Tranche A Borrower or a Tranche A Guarantor pursuant to this subclause (A) shall otherwise be in excess of the highest rate permitted by applicable law, then the amount representing such excess shall be considered reductions to principal of Loans.

Tranche A Facility. The Tranche A Lenders agree to establish the Tranche A Facility for the benefit of the Borrowers.

Tranche A Facility. Subject to the terms of this Agreement, the Lender makes available to the Borrower during the Availability Period the Tranche A Facility in United States Dollars in an amount equal to the Tranche A Facility Commitment.

Tranche A Facility. The Hotel Facility Lenders grant to the Company, upon the terms and subject to the conditions hereof, a US dollar term loan facility in an aggregate amount of USD107,008,191.

Tranche A Facility. The Project Facility Lenders grant to the Company, upon the terms and subject to the conditions hereof, a US dollar term loan facility in an aggregate amount of USD138,999,595.

Tranche A Facility. (a) Subject to Clause 9, the Tranche A Commitments shall reduce at each of the dates specified below (each a "Tranche A Repayment Date") (or if such date is not a Business Day, the preceding Business Day) to such percentage of (A) the aggregate Tranche A Commitments as at 29th September, 2000 in respect of the first Tranche A Repayment Date and (B) the aggregate Tranche A Commitments as at 29th September, 2000 in respect of each subsequent Tranche A Repayment Date, as is set out opposite such Tranche A Repayment Date (the "Permitted Amount"). Each such reduction shall be applied pro rata against and in cancellation of the Tranche A Commitments of each Lender on the relevant Tranche A Repayment Date. (b) To the extent that the aggregate of the Original Euro Amount of all Tranche A Advances outstanding on such Tranche A Repayment Date (the "Actual Amount") is greater than the Permitted Amount, an amount equal to the amount by which the Actual Amount exceeds the Permitted Amount shall be repaid in full by the Borrowers on such Tranche A Repayment Date. Any amount of the Tranche A Advances outstanding on the Final A Repayment Date shall be repaid in full on the Final A Repayment Date.

Tranche A Facility. Subject to Section 3.2, the undrawn portion of any Non-Agreeing Lender Commitment Amount in respect of the Tranche A Facility will be automatically cancelled at 5:01 p.m. (Toronto time) on the Term Conversion Date applicable to such Non-Agreeing Lender. Effective at such time, the Tranche A Facility will, with respect to a Non-Agreeing Lender, cease to be a revolving type facility and the Aggregate Principal Amount of the Tranche A Facility then applicable to such Non-Agreeing Lender, unless unconditionally and irrevocably repaid or cash collateralized in accordance with Section 3.2(b)(v)(A), will convert to a non-revolving term facility in an equivalent principal amount which is due on November 30, 2022.

Tranche A Facility. The Tranche A Facility shall comprise a revolving credit facility in the amount of up to Three billion five hundred million Hong Kong Dollars (HK$3,500,000,000) available during the Availability Period;