Facility Tranche definition

Facility Tranche means the portion of the Aggregate Commitment Amount comprised of the Commitments and the Advances made or to be made pursuant to such Commitments that have been allocated by Lessee to a Facility pursuant to Section 6.4 of the Participation Agreement or a Proposed Site pursuant to Section 6.2(p) of the Participation Agreement.
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Examples of Facility Tranche in a sentence

  • The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s ratable portion of such prepayment (based on such Lender’s ratable share of the relevant Facility or, in the case of the Revolving Credit Facility, Tranche of Loans).

  • The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such ▇▇▇▇▇▇’s ratable portion of such prepayment (based on such Lender’s ratable share of the relevant Facility or, in the case of the Revolving Credit Facility, Tranche of Loans).

  • The maximum amount of the Mexican Facility Tranche A Loans is $63,000,000.

  • No Credit Facility Tranche may have a principal amount of less than $5,000,000, and each Tranche shall be proportionately the same on each Note.

  • Each reduction of the Commitments shall be made ratably among the Lenders under the Revolving Facility, Tranche A-1 Term Loan Facility or Tranche A-2 Term Loan Facility, as the case may be, in accordance with their respective Commitments under the Revolving Facility, Tranche A-1 Term Loan Facility or Tranche A-2 Term Loan Facility, as the case may be.

  • Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders under the Revolving Facility, Tranche A-1 Term Loan Facility or Tranche A-2 Term Loan Facility, as the case may be, of the contents thereof.

  • For utilisation of the Facility Tranche 2 for the purposes referred to in Clause 3.2.2 of the Agreement.

  • For utilisation of the Facility Tranche 2 for the purposes referred to in Clause 3.2.3 of the Agreement.

  • Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders under the Revolving Facility, Tranche A-1 Term Loan Facility or Tranche A-2 Term Loan Facility, as the case may be, of the contents thereof.

  • If the Company has given a notice pursuant to Section 2.16 allocating all or a portion of the Loans to the Revolving Facility Tranche, the Company shall cause, for a period of at least 45 consecutive days during the 12 calendar month period after the effective date of such notice and during each successive 12 calendar month period prior to the Revolving Termination Date, no L/C Obligations to be outstanding and the aggregate principal amount of Revolving Facility Tranche Loans to be $0.