Andros Tranche definition

Andros Tranche means a tranche of the Loan of up to $8,632,000 to be drawn down in not more than five (5) Advances (being the Andros Advances) or (as the context may require) the aggregate principal amount thereof undertaking at any relevant time;
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Examples of Andros Tranche in a sentence

  • The Bank, relying upon each of the representations and warranties in clause 7, agrees to lend to the Borrowers, jointly and severally, upon and subject to the terms of this Agreement, the principal sum of up to Forty three million one hundred and sixty thousand Dollars ($43,160,000) in twenty five (25) Advances comprising five (5) Tranches, namely, the Andros Tranche, the Dilos Tranche, the los Tranche, the Sifnos Tranche and the Tinos Tranche.

  • The Bank, relying upon each of the representations and warranties in clause 7, agrees to lend to the Borrowers, jointly and severally, upon and subject to the terms of this Agreement, the principal sum of up to Forty three million one hundred and sixty thousand Dollars ($43,160,000) in twenty five (25) Advances comprising five (5) Tranches, namely, the Andros Tranche, the Dilos Tranche, the Ios Tranche, the Sifnos Tranche and the Tinos Tranche.