Revolving Tranche definition
Revolving Tranche means (a) the Revolving Credit Facility pursuant to which Revolving Credit Loans, New Revolving Loans or Letters of Credit are made under the Revolving Credit Commitments and (b) any Specified Refinancing Debt constituting revolving credit facility commitments, in each case, including the extensions of credit made thereunder. Additional Revolving Tranches may be added after the Closing Date pursuant to the terms hereof, e.g., New Revolving Commitments and Extended Revolving Commitments.
Revolving Tranche means (a) the Dollar Tranche, (b) the Multicurrency Tranche and (c) any Specified Refinancing Debt constituting revolving credit facility commitments, in each case, including the extensions of credit made thereunder.
Revolving Tranche means the Revolving A Tranche and/or the Revolving B Tranche, as applicable.
Examples of Revolving Tranche in a sentence
No requested Lender shall have any obligation to agree to have any of its Existing Loans converted into an Extended Tranche pursuant to any Extension Request and the commitment of any L/C Issuer to issue or maintain Letters of Credit shall not be extended pursuant to an extension of any Existing Revolving Tranche pursuant to this Section 2.19 without its written consent.
Any Refinancing Amendment may provide for the issuance of Letters of Credit for the account of the Borrowers in respect of a Revolving Tranche pursuant to any revolving credit facility established thereby, in each case on terms substantially equivalent to the terms applicable to Letters of Credit under the Revolving Credit Commitments.
If the Borrowers fail to so reimburse such L/C Issuer on such next Business Day, the L/C Issuer will notify the Administrative Agent thereof and the Administrative Agent shall promptly notify each Revolving Credit Lender under the applicable Revolving Tranche of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Revolving Credit Lender’s Pro Rata Share thereof.
More Definitions of Revolving Tranche
Revolving Tranche means (a) the Revolving Credit Facility, (b) any Extended Revolving Credit Commitments, and (c) any commitments with respect to Incremental Revolving Facilities (other than any Incremental Revolving Facility in the form of an increase to the Commitments under the Revolving Credit Facility), in each case, including the extensions of credit made thereunder.
Revolving Tranche means, together, Tranche L and the R Tranches;
Revolving Tranche when used in reference to any Revolving Commitment, Revolving Loan or Revolving Borrowing, refers to whether such Revolving Commitment, Revolving Loan, or the Revolving Loans comprising such Revolving Borrowing, are Multicurrency Revolving Commitments or Multicurrency Revolving Loans or U.S. Revolving Commitments or U.S. Revolving Loans.
Revolving Tranche means the US Tranche or the Australian Revolving Tranche.
Revolving Tranche means, at any time (a) the aggregate amount of Revolving Credit Lenders’ Revolving Credit Commitments at such time and (b) any Specified Refinancing Debt constituting revolving credit facility commitments, in each case, including the extensions of credit made thereunder. “Sale/Leaseback Transaction” means an arrangement relating to property now owned or hereafter acquired by the Borrower or a Restricted Subsidiary whereby the Borrower or a Restricted Subsidiary transfers such property to a Person and the Borrower or such Restricted Subsidiary leases it from such Person, other than leases between the Borrower and a Restricted Subsidiary or between Restricted Subsidiaries. “Sanctioned Country” means any country or territory that is the subject of Sanctions Laws and Regulations. “Sanctions Laws and Regulations” means any comprehensive sanctions regime administered or enforced by the United States Government (including OFAC), the United Nations Security Council, the European Union, or His Majesty’s Treasury.
Revolving Tranche means the Revolving Commitments, the Revolving Loans including the Swing Line Loans and the LC Exposure.
Revolving Tranche means (a) the Revolving Credit Facility and (b) any Specified Refinancing Debt constituting revolving credit facility commitments, in each case, including the extensions of credit made thereunder. Additional Revolving Tranches may be added after the Closing Date as provided in Section 2.14, i.e., New Revolving Commitments. “Sale/Leaseback Transaction” means an arrangement relating to real property now owned or hereafter acquired by any Borrower or a Restricted Subsidiary whereby any Borrower or a Restricted Subsidiary transfers such property to a Person and such Borrower or such Restricted Subsidiary leases it from such Person, other than leases between a Borrower and a Restricted Subsidiary or between Restricted Subsidiaries. “Sanctions Laws and Regulations” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European Union member state or HerHis Majesty’s Treasury of the United Kingdom or any other governmental authority with jurisdiction over Holdings, the Borrowers or any of their respective Subsidiaries. “S&P” means Standard & Poor’s Financial Services LLCS&P Global Ratings, a division of S&P Global Inc., and any successor thereto. “SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions. “Second Amendment” means the Second Amendment to Credit Agreement, dated as of January 19, 2022, by and among Holdings, the Borrowers, the Additional Tranche B Term Loan Lender, the Administrative Agent and the other parties thereto. “Second Amendment Arrangers” means MS, Antares, GS, ▇▇▇▇▇▇▇▇▇, BofA Securities, Inc., Credit Suisse Loan Funding LLC and UBS Securities LLC as lead arrangers and bookrunners for the Second Amendment. “Second Amendment Effective Date” has the meaning specified in the Second Amendment. “Secured Cash Management Agreement” means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank, except for any such Cash Management Agreement designated by the Parent Borrower in writing to the Administrative Agent and the relevant Cash Management Bank or Hedge Bank, as applicable, as an “unsecured cash management agreement” as of the Closin...