Refinancing Tranche definition

Refinancing Tranche shall have the meaning assigned to such term in Section 2.7(a).
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Refinancing Tranche means a tranche of the Total Commitment and the Loan of up to $65,000,000, being a borrowing thereof made or (as the context may require) to be made available to the Borrowers for the purpose of refinancing in full the Existing Indebtedness and providing the Borrowers with general working capital, or (as the context may require) means the principal amount thereof outstanding at any relevant time;
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Refinancing Tranche means the first Utilization of the Facility, which shall be applied by the Borrower towards repayment of the Refinanced Facility.
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Examples of Refinancing Tranche in a sentence

  • Election [Check ONLY ONE of the two boxes below]: x CASHLESS SETTLEMENT OPTION: By checking this box, the undersigned Tranche B Term Lender hereby consents to the Amendment and agrees to exchange (on a cashless basis) 100% of the outstanding principal amount of its Existing Tranche B Term Loans (or such lesser amount allocated to such Tranche B Term Lender by the Administrative Agent) for Exchanged Refinancing Tranche B Term Loans in an equal principal amount.

  • Receipt by the Administrative Agent from the Borrower of all accrued interest and fees owing on the outstanding Revolving Loans and Refinancing Tranche A Term Loan as of Effective Date for the benefit of the Lenders immediately before giving effect to this Amendment.

  • The Refinancing Tranche A Term Loan may consist of Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as further provided in the Credit Agreement.

  • Each Refinancing Tranche of Credit Agreement Refinancing Indebtedness incurred under this Section 2.16(a) shall be in an aggregate principal amount that is (x) not less than $25,000,000 and (y) an integral multiple of $1,000,000 in excess thereof.

  • Upon receipt of such notice, the Administrative Agent shall promptly notify each Term Lender (other than the Incremental Tranche B-3 Term Lenders, the Refinancing Tranche B-4 Term Lenders and the Refinancing Tranche B-5 Term Lenders) thereof.

  • Amounts repaid on the Refinancing Tranche A Term Loan may not be reborrowed.

  • The proceeds of any Refinancing Tranche shall be used to repay Loans of such Class on a pro rata basis.

  • Notwithstanding anything contained in Sections 2.25, 10.01(c) and 10.01(d) of the Credit Agreement to the contrary, the parties hereto hereby waive any notice requirement with respect to the 2018 Delayed Draw Tranche A Term Loans, the Refinancing Tranche A Term Loans, Refinancing Revolving Commitments and the issuance of Loans with respect thereto.

  • Subject to the terms and conditions set forth herein and in the Credit Agreement, each New Refinancing Tranche A Term Lender severally agrees to make New Refinancing Tranche A Term Loans in Dollars to the Borrower on the Second Amendment Effective Date in an aggregate principal amount not to exceed the amount set forth opposite such New Refinancing Tranche A Term Lender’s name on Schedule II hereto.

  • Unless the context shall otherwise require, each Refinancing Tranche B Term Lender shall constitute a Refinancing Term Lender, a Tranche B Term Lender, a Term Lender and a Lender under the Credit Agreement (as amended hereby), and its Refinancing Tranche B Term Loans shall constitute Refinancing Term Loans, Tranche B Term Loans and Term Loans, in each case for all purposes of the Credit Agreement (as amended hereby) and the other Loan Documents.