New Tranche definition

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

Examples of New Tranche in a sentence

  • Each such increase shall not be less than $5,000,000 individually (or such lesser amount which (i) shall be approved by Agent or (ii) shall constitute the difference between $15,000,000 and all such New Tranche B Revolver Commitments obtained prior to such date), and integral multiples of $1,000,000 in excess of that amount.

  • Specify the maximum amount of New Tranche A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have, and exclusive of such amount of Existing Revolving Commitments): $22,620,000 Specify the maximum amount of Tranche B Revolving Commitments you are requesting: $15,080,000 By executing this Amendment, the undersigned consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

  • If the New Tranche (or a part thereof) is not fully utilised by the end of the Availability Period for the New Tranche (or the relevant part thereof), the relevant Commitments will be cancelled at the end of the Availability Period for the New Tranche (or the relevant part thereof) to the extent that they are unutilised at that time, unless otherwise agreed between the Borrowers and the Agent.

  • The New International Notes will be issued and delivered, in exchange for the International Notes, to the Noteholders, with New International Tranche A Notes being delivered to the Tranche A International Noteholders and New Tranche B International Notes to the Tranche B International Noteholders.

  • Any portion of an Existing Tranche B Term Loan converted by a Converting Tranche B Term Lender into a New Tranche B Term Loan as contemplated hereby is referred to herein as a “Converted Loan”.


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.
View Source
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.
View Source
New Tranche has the meaning given to it in Recital (B).
View Source
New Tranche has the meaning given to it in Clause 2.2(a).
View Source
New Tranche means any additional tranche, loan, facility or commitment.
View Source
New Tranche means Tranche E or Tranche F.
View Source
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.
View Source