Special Production Tranche definition

Special Production Tranche means, with respect to each Designated Picture, a portion of the Revolving Credit Commitments equal to the sum of the Strike Price for such Designated Picture, plus the amount of any enhancements committed to be funded by a Credit Party or Special Purpose Producer for such Designated Picture, plus to the extent not already included in one of the foregoing items, an interest reserve for the period through the projected date of Completion of such Designated Picture.
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Special Production Tranche means, with respect to each Designated Picture, a portion of the Total Commitments equal to the sum of amounts theretofore funded for such Designated Picture with Loans hereunder plus the Completion Reserve for that Designated Picture.
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Special Production Tranche shall have the meaning assigned to it in the Senior Credit Facility in effect on the Issue Date (as such Senior Credit Facility may be amended, restated, or otherwise modified from time to time in a manner which is not materially adverse when taken as a whole to the Holders in the good faith judgment of the Issuer as certified to the Trustee in an Officers’ Certificate).
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Examples of Special Production Tranche in a sentence

  • Each such notice in order to be effective must be received by the Administrative Agent not later than 2:00 p.m., New York City time, on the day required and shall specify the date (which shall be a Business Day) on which such Loan is to be made, the aggregate principal amount of the requested Loan, and, if applicable, the portion of the Loan being made under a Special Production Tranche.

  • The CBP Innovation Team is supporting the development of a millimeter wave technology that can detect certain types of metal objects such as blister packs, Mylar bags, and weapons hidden within shipments at IMFs. This technology is particularly suited to certain mail types that challenge current detection methods and could enable rapid pre-screening for shipments potentially containing illicit materials.

  • Conditions Precedent to Loans and/or Letters of Credit under the Special Production Tranche.

  • The Administrative Agent shall have received from the Borrowers a written notice containing the details of the Designated Picture involved and declaring an appropriate portion of the Total Commitments as being reserved as part of the Special Production Tranche for such Designated Picture and specifying whether the Loans to finance the production of such Designated Picture are to be made to the Borrowers or directly to a Special Purpose Producer.

  • Use the proceeds of Loans made under a Special Production Tranche for purposes other than to fund production of the relevant Designated Picture unless such Designated Picture has been Completed and all costs of production have been paid or provided for.

Related to Special Production Tranche

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Impacted Interest Period has the meaning assigned to such term in the definition of “LIBO Rate”.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Eurodollar Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.

  • Tranche Period means, with respect to any Purchaser Interest held by a Financial Institution:

  • Subsequent Interest Period has the meaning specified in Section 307.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Initial Revolving Loan means a Revolving Facility Loan made (i) pursuant to the Revolving Facility Commitments in effect on the Closing Date (as the same may be amended from time to time in accordance with this Agreement) or (ii) pursuant to any Incremental Revolving Facility Commitment on the same terms as the Revolving Facility Loans referred to in clause (i) of this definition.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Competitive Loan means a Loan made pursuant to Section 2.04.

  • Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date; and