Tranche A definition

Tranche A has the meaning assigned in Section 2.1(c)(i).

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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 Lenders and their Affiliates shall have received for their own account, the Closing Fee and all fees, costs and expenses due and payable pursuant to Section 13.03 after deducting therefrom the Expense Deposit (which Closing Fee and such fees, costs and expenses may be paid out of the proceeds of the Tranche A Term Loan advanced by the Lenders on the Closing Date).

• Each Term Lender (i) having a Tranche A Term Loan Commitment will make the amount of its pro rata share of the Tranche A Term Loan Commitments available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in Section 10.2 prior to 10:00 A.M., New York City time, on the Closing Date in funds immediately available to the Administrative Agent.

• On the Closing Date (after giving effect to the incurrence of Tranche A Term Loans on such date), the Tranche A Term Loan Commitment of each Lender shall automatically terminate.

• Each Note in respect of Tranche A Term Loans shall be dated the Closing Date.

• No Lender shall have an obligation to make a Tranche A Term Loan in excess of such Lender’s Tranche A Term Loan Commitment.

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 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, at any time, all Tranche A Collateral Loans at such time.

Tranche A means that part of the Loan made or to be made available to the Borrowers to finance up to the lower of (i) 60 per cent. of the Fair Market Value of Ship A or (ii) 65 per cent. of the Contract Price of Ship A.

Tranche A has the meaning assigned to such term in Section 2.1(f).

Tranche A has the meaning ascribed to it in paragraph (a) of Clause 2.1 (The Facility).