Project Tranches definition

Project Tranches means collectively the Term B Funded Project Tranche and the Term B Delayed Draw Project Tranche.
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Examples of Project Tranches in a sentence

  • The Borrower may request an increase or decrease in the amount of one or more Project Tranches after its initial funding in an amount not to exceed $250,000 per Project Tranche, as approved by the Lender; provided, however, any such increase shall not increase the amount of the overall Construction Loan and shall be subject to offsetting changes in the Construction Budgets for each such Project.

  • Notwithstanding anything to the contrary contained herein, Borrower shall, subject to Administrative Agent’s reasonable approval, including, without limitation, the review of the Consultant at Borrower’s sole cost and expenses, have the right to reallocate an aggregate amount of up to Five Hundred Thousand Dollars ($500,000.00) from one Project Tranche to one or more Project Tranches, provided however, any such reallocation shall not increase the Commitments or the aggregate amount of the Loans.

Related to Project Tranches

  • Single Tranche means the amount of the Financing allocated to the category entitled “Single Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The amount of the Aggregate Revolving Commitments in effect on the Closing Date is SIX HUNDRED MILLION DOLLARS ($600,000,000).

  • Extended Tranche has the meaning specified in Section 2.19(a).