New Tranche definition

New Tranche means each Tranche of Term Loans other than the Tranche of Initial Term Loans.

New Tranche means an amount made or to be made available to Borrower B of up to eighty million and six hundred thousand Dollars (US$ 80,600,000).

New Tranche means the tranche available to finance the New Vessels in an amount of up to eighty million and six hundred thousand Dollars (US$ 80,600,000).

Examples of New Tranche in a sentence

• If the number of Shares of the New Tranche to be issued on conversion is not an integral number of Shares, the Company may at its discretion issue fractional new Shares or return the surplus arising to the Shareholder seeking to convert Shares of the Original Tranche.

• Otherwise no conversion fees will be charged in respect of any such conversion except in the case of conversion from one currency to another and provided that swing pricing may apply to, the issue of Shares in the New Tranche, or to the redemption of Shares in the Original Tranche.

• If detailed in the relevant Supplement that a Preliminary Charge is payable on subscription in to the New Tranche, a Preliminary Charge may be payable to the Distributor on conversion of Shares in to the New Tranche.

• The general provisions and procedures relating to redemptions of shares of the Original Tranche and subscriptions for Shares of the New Tranche will apply to any conversion of Shares.

• In the event that an exchange request is received after the relevant cut-off times as mentioned above, such request will be effected on the following Dealing Day in both the Original Tranche and the New Tranche.

More Definitions of New Tranche

New Tranche means each Tranche of Term Loans other than the Tranche of Initial Term Loans. “Non-Defaulting Lender” and “Non-Defaulting RL Lender” shall mean and include each Lender or RL Lender, as the case may be, other than a Defaulting Lender.

New Tranche means Tranche E or Tranche F.

New Tranche means, in respect of each of the Continuing Vessels, such Continuing Vessel’s Proportion of the Advance to be attributed to it on the Drawdown Date as shown in the table set forth below, or, as the case may be, the outstanding principal amount of such Tranche from time to time: Continuing Vessel New Tranche M/S Stolt Concept USD 15,186,547.56 M/S Stolt Confidence USD 13,504,992.12 M/S Stolt Creativity USD 14,030,478.19 M/S Stolt Efficiency USD 14,555,964.27 M/S Stolt Effort USD 15,186,547.56 M/S Stolt Innovation USD 13,504,992.12 M/S Stolt Inspiration USD 14,030,478.19

New Tranche has the meaning given to it in Clause 2.2(a).

New Tranche means the New Tranche made available by the Lenders to the Borrower pursuant to the Loan Agreement and the terms of this Loan Supplement.

New Tranche means any additional tranche, loan, facility or commitment.

New Tranche means an additional facility or tranche of a facility which is made available in accordance with the Reference Credit Agreement (whether before, on or after the Trade Date) provided that the obligations of the Reference Entities in respect thereof rank at least pari passu with the obligations of the Reference Entities in respect of one or more of the Existing Tranches and (if one or more of the Existing Tranches are secured or benefit from any guarantees or other collateral) are secured by a security interest over the same assets as one or more of the Existing Tranches and entitled to receipt of the application of proceeds realised following enforcement of such security interest and benefit from the same or equivalent guarantees or other collateral as one or more of the Existing Tranches, in each case having a priority or ranking at least equal to or higher than the security, guarantees or other collateral relating to one or more of the Existing Tranches. For the avoidance of doubt, a Reference Obligation may comprise a credit facility with an undrawn commitment. The provisions of Section 2.30 (Substitute Reference Obligations) will not apply and there will be no Substitute Reference Obligations Substitute Reference Credit Agreement: The Calculation Agent shall determine whether thereis a Substitute Reference Credit Agreement, where: