Sub-Tranche definition

Sub-Tranche means a category of Loans, Incremental Term Loans or Incremental Notes with the same Maturity Date.

Sub-Tranche a sub-tranche of Tranche B as more particularly referred to in Clause 2.1.1(b).

Sub-Tranche means, for any Tranche, a sub-total of that Tranche as set out in the Acceptance Notice for that Tranche; a Sub-Tranche may be disbursed in one or more Disbursements.

Examples of Sub-Tranche in a sentence

• Altogether, the “First Tranche Second Sub-Tranche Rights”.Each Right will entitle the Beneficiaries to acquire one Incentive Share in the capital of eDreams ODIGEO on the corresponding Delivery Dates (as defined below).

• Voluntary prepayments under this Clause 7.1 (General) will be applied first to Tranche D2, then to Tranche D1, then to Tranche C, then to Tranche B (in reduction of Sub-Tranche B1 and then Sub-Tranche B2 and then Sub-Tranche B3) then to Tranche A and will be applied pro rata over the remaining instalments of the respective Tranche and/or Sub-Tranche.

• In the only event that when the Noteholder serves the conversion notice to the Company and the Conversion Price is less than or equal to the Conversion Downside Price, which is 65% of the average of the daily traded VWAP per Share for the 45 consecutive Business Days prior to the Closing Date of the First Sub-Tranche, the Company may redeem in cash at the redemption amount as illustrated below for such number of Tranche 2 Notes presented for conversion by the Noteholder.

• Setoff of credits - Additional financing (applicable only to Sub-Tranche B) Receipt for deposit in the Company's account of an amount equivalent to the amount of the Restructured Debt to be set off.

• Check this box if you wish to acquire additional quotas in the second round if at the end of the Term for First Round Acquisition of Sub-Tranche A by the Creditors (as this term is defined in the Instructions) all of the quotas in Sub-Tranche A of the Creditors Tranche have not been fully acquired.

More Definitions of Sub-Tranche

Sub-Tranche means, without duplication, the portion of any Tranche designated with a specific Applicable Interest Rate.

Sub-Tranche means any of Sub-Tranche A or Sub-Tranche B and “Sub-Tranches” means either or both of them;

Sub-Tranche appearing in Section 11.01 of the Credit Agreement is hereby amended by (i) deleting the word "and" appearing at the end of clause (iv) of said definition and (ii) including the following text immediately after clause (v) appearing in said definition: "and (vi) the Tranche D Term Loans and the Commitments pursuant to which the Tranche D Term Loans are extended".

Sub-Tranche means, with respect to all Loans used to acquire, finance or improve a Borrowing Base Property, an undivided percentage of such Loans, allocated to each Borrowing Base Lease on such Borrowing Base Property for purposes of determining the Applicable Rate and the Tranche Maturity Date, where each such Sub-Tranche of Loans shall be in a principal amount equal to (a) the Net Operating Income from such Borrowing Base Lease during the four fiscal quarters most recently ended divided by the Net Operating Income from all Borrowing Base Leases on such Borrowing Base Property during such four fiscal quarters multiplied by (b) the principal amount of all such Loans. If a Borrowing Base Property is subject to only one Borrowing Base Lease, all Loans used to acquire, finance or improve such Borrowing Base Property shall be in one Sub-Tranche. The Sub-Tranches of Loans for each Borrowing Base Property shall be automatically recalculated upon (i) the termination or extension of or addition of any Borrowing Base Lease to a Borrowing Base Property and (ii) the making of an additional Tranche of Term Loans to acquire, finance or improve such Borrowing Base Property.

Sub-Tranche as defined in Section 2.1.

Sub-Tranche means a category of Revolving Loan Commitments and extensions of credit thereunder with the same Maturity Date.

Sub-Tranche means and include each of (i) the Tranche A Term Loans and the Commitments pursuant to which the Tranche A Term Loans are extended, (ii) the Tranche B Term Loans and the Commitments pursuant to which the Tranche B Term Loans are extended, (iii) the Tranche C Term Loans and the Commitments pursuant to which the Tranche C Term Loans are extended, (iv) the Canadian Revolving Loan Sub-Commitments and the extensions of credit made from time to time pursuant thereto and (v) the Non-Canadian Revolving Loan Sub- Commitments and the extensions of credit made from time to time pursuant thereto.