Tranche A-1 Loans means a Loan made pursuant to Section 2 (other than a Tranche A Loan).
Tranche A-1 Loans has the meaning set forth in Section 2.01.
Tranche A-1 Loans means collectively, all Domestic Tranche A-1 Loans and all Canadian Tranche A-1 Loans.
Examples of Tranche A-1 Loans in a sentence
The parties hereto agree that upon the satisfaction of the conditions precedent set forth in Section 4.01 of this Agreement, (a) all Tranche A Revolving Loans shall be deemed Revolving Loans, (b) all of the Tranche A-1 Loans and Obligations relating thereto shall have been paid in full and all of the Tranche A-1 Commitments are deemed terminated, and (c) all of the Tranche A Revolving Loan Commitments shall be deemed Commitments.
Amounts repaid or prepaid in respect of the Tranche A-1 Loans may not be reborrowed.
The applicable Borrower of the Tranche A-1 Loans shall repay the entire outstanding principal amount of, and all accrued but unpaid interest on, the Tranche A-1 Loans on the Tranche A-1 Maturity Date in Dollars (or such earlier date on which the Tranche A-1 Loans become due or are declared due in accordance with this Agreement).
The Tranche A-1 Commitments of the Tranche A-1 Lenders to make Tranche A-1 Loans shall expire concurrently with the making of the Tranche A-1 Loans on the Closing Date.
Tranche A-1 Loans may be Base Rate Loans or LIBOR Loans, as further provided herein.
More Definitions of Tranche A-1 Loans
Tranche A-1 Loans means the Tranche A-1 U.S Loans and the Tranche A-1 Canadian Loans. “ABL Loans” (the commitments thereunder, the “ABL Commitments”) shall mean the Tranche A Loans and the Tranche A-1 Loans. 3 Amount to be reduced by Tranche A-1 Canadian Facility amount. An amount to be agreed of each of the U.S. ABL Facility and Canadian ABL Facility will be available in the form of ABL Letters of Credit (as defined below). At the Company’s election, all or a portion of the Canadian Commitments may be reallocated from time to time to the U.S. ABL Facility and all or a portion of the U.S. Commitments may be reallocated from time to time to the Canadian ABL Facility up to a cap to be agreed on the maximum size of the Canadian ABL Facility. The obligations in respect of the U.S. ABL Facility will be the joint and several obligations of each of the U.S. Borrowers. Notwithstanding anything herein to the contrary, the Canadian Borrower shall not be jointly or jointly and severally liable with the U.S. Borrowers for any liabilities or obligations of the U.S. Borrowers under the ABL Facility. The ABL Facility shall be available to be drawn in US dollars, in the case of the U.S. Loans, and in Canadian dollars, in the case of the Canadian Loans, and other currencies as may be mutually agreed. Swingline Loans: In connection with the ABL Facility, Bank of America (in such capacity, the “Swingline Lender”) will make available to the U.S. Borrowers a $75 million swingline facility under which the U.S. Borrowers may make short-term borrowings upon same-day notice (in minimum amounts to be mutually agreed upon and integral multiples to be agreed upon) of up to an amount to be agreed. Except for purposes of calculating the commitment fee described below, any such swingline borrowings will reduce availability under the U.S. ABL Facility on a dollar-for-dollar basis. Upon notice from the Swingline Lender, the Lenders will be unconditionally obligated to purchase participations in any swingline loan pro rata based upon their ABL Commitments. The Swingline Lender shall provide a weekly statement of the amount of swingline loans outstanding and settle the outstanding swingline loans with the Lenders on a weekly basis. If any Lender becomes a defaulting lender (to be defined in a manner consistent with the ABL Documentation Considerations), then the swingline exposure of such defaulting lender will automatically be reallocated among the non-defaulting lenders pro rata in accordance with their AB...
Tranche A-1 Loans means Loans made or deemed made under this Agreement pursuant to the Tranche A-1 Commitment.
Tranche A-1 Loans. Revolving Credit Loans made under the Revolving Credit with reference to the Tranche A-1 Borrowing Base.
Tranche A-1 Loans has the meaning set forth in Loans; Mandatory Advances of Tranche A-1 Loans.
Tranche A-1 Loans and together with Tranche A Loans, the “Revolving Loans”) to each of the Borrowers from time to time during the ABL Commitment Period in an aggregate principal amount at any one time outstanding does not exceed the lesser of (x) the amount of such Tranche A-1 Lender’s Tranche A-1 Commitment then in effect and (y) such Tranche A-1 Lender’s Tranche A-1 Commitment Percentage of the Tranche A-1 Borrowing Base. During the Commitment Period, each of the Borrowers may use the Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary herein contained, all Revolving Loans shall be Tranche A-1 Loans until the aggregate outstanding principal amount of such Revolving Loans equals the lesser of the Tranche A-1 Borrowing Base and the then outstanding Tranche A-1 Commitments. If any Tranche A-1 Loan is prepaid in part pursuant to Section 4.4, any Revolving Loans to the Borrowers thereafter requested shall be Tranche A-1 Loans until the aggregate principal amount of Tranche A-1 Loans outstanding equals the lesser of the Tranche A-1 Borrowing Base and the then outstanding Tranche A-1 Commitments. Thereafter all Revolving Loans shall be Tranche A Loans.
Tranche A-1 Loans as of any date of determination, the amount of Revolving Credit Loans equal to the lesser of (x) the total amount of Revolving Credit Loans then outstanding and (y) the Tranche A-1 Borrowing Base at such time. The amount of Tranche A-1 Loans shall be adjusted automatically from time to time as of the date of delivery of each Borrowing Base Certificate.