Tranche A definition

Tranche A has the meaning assigned in Section 2.1(c)(i).
Tranche A is defined in Section 2.1.1(a).
Tranche A has the meaning specified in Section 2.1.

Examples of Tranche A in a sentence

  • The European Borrowers and the Tranche A - 3 Lenders acknowledge that the foregoing arrangements are to be settled by the Tranche A - 3 Lenders among themselves, and the European Borrowers expressly consent to the foregoing arrangements among such Lenders.

  • The U.S. Borrowers shall be deemed to have given at such time a Borrowing Notice to the Administrative Agent requesting U.S. Base Rate Loans under Tranche A - 2 in an aggregate amount equal to the amount of such U.S. Swingline Loan.

  • Swingline Facility (a) Subject to the terms and conditions of this Agreement, the U.S. Swingline Lender establishes in favour of the U.S. Borrowers a revolving term facility which is part of the Tranche A - 2 Commitment Amount in an amount up to $25,000,000 on the terms set forth in this Section 3.09 (the " U.S. Swingline Facility ").

  • Base Rate Loan outstanding to the U.S. Borrowers from the U.S. Swingline Lender under Tranche A - 2.

  • Consequently, as of the first Sustainability Margin Adjustment Effective Date following the date of this Agreement the Margin shall be (i) in the case of Tranche A or Tranche B, either 2.45% per annum or 2.55% per annum and (ii) in the case of Tranche C, either 2.60% per annum or 2.70% per annum.


More Definitions of Tranche A

Tranche A means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche A Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche A” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche A Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.
Tranche A means the aggregate of the Tranche A Commitments.
Tranche A means, at any time, all Tranche A Collateral Loans at such time.
Tranche A has the meaning ascribed to it in paragraph (a) of Clause 2.1 (The Facility).
Tranche A means that part of the Loan made or to be made available to the Borrowers to enable the Borrowers to refinance the Existing Indebtedness in relation to Ship A and for general corporate and working capital purposes in a principal amount not exceeding 58 per cent. of the Fair Market Value of Ship A.
Tranche A means that part of the Loan to be made available to the Borrowers to refinance the Existing Indebtedness in a principal amount not exceeding the lesser of (i) $13,750,000 and (ii) 55 per cent. of the Initial Market Value of Ship A.
Tranche A means the amount of the Hermes Premium less seventy five per cent (75%) of the Hermes Insurance Premium and twenty per cent (20%) of the Hermes Premium or the Equivalent Amount thereof of to be paid to the Borrower in part reimbursement of the aggregate amount of the Hermes Issuing Fees and twenty five per cent (25%) of the Hermes Insurance Premium paid by the Borrower to the Hermes Agent for on-payment to Hermes on the issue of the Hermes Cover to be advanced by the Lenders by way of their Contributions thereto on the first Drawdown Date in respect of a Portion 1 Tranche falling after the payment by the Borrower of the Hermes Issuing Fees and the first twenty five per cent (25%) of the Hermes Insurance Premium;