Tranche A Loan Commitments definition

Tranche A Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche A Loan Commitment, if any, is set forth on Schedule 1. The aggregate amount of the Tranche A Loan Commitments as of the Closing Date is $30,000,000.

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Tranche A Loan Commitments means such commitments of all Lenders in the aggregate. The aggregate amount of the Tranche A Loan Commitments as of the Fifth Amendment Effective Date is $0.

Tranche A Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche A Loan Commitment, if any, is set forth on Schedule 1. The aggregate amount of the Tranche A Loan Commitments as of the Closing Date is $25,000,000. “Tranche B Loan” means each loan advanced by a Lender pursuant to Section 2.01(b). For purposes of clarification, any calculation of the aggregate outstanding principal amount of the Tranche B Loan on any date of determination shall mean the aggregate principal amount of the Tranche B Loan made pursuant to Section 2.01(b) that has not yet been repaid as of such date. “Tranche B Loan Borrowing Date” means with respect to the Tranche B Loan, the Business Day on which all conditions set forth in Section 6.02 have been satisfied or waived by the Lenders and the Tranche B Loan is made hereunder. “Tranche B Loan Commitment” means the commitment of a Lender to make or otherwise fund a Tranche B Loan and “Tranche B Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Loan Commitment, if any, is set forth on Schedule 1. The aggregate amount of the Tranche B Loan Commitments as of the First Amendment Effective Date is $10,000,000. “Tranche B Loan Commitment Termination Date” means May 28, 2021.

Examples of Tranche A Loan Commitments in a sentence

• If a US Overadvance is made, or permitted to remain outstanding, pursuant to the preceding sentence, then all US Tranche A Lenders shall be bound to make, or permit to remain outstanding such US Overadvance based upon their Pro Rata Shares of the US Tranche A Loan Commitments in accordance with the terms of this Agreement.

• In accordance with the terms and conditions of this Agreement, Tranche A Lenders shall extend to the Borrower a loan in the amount up to their respective Tranche A Loan Commitments under Tranche A Facility in proportion to their respective Loan Commitments (an outstanding amount drawn down but not yet repaid is referred to as “Tranche A Loan”).

• Pursuant to Section 2.3 of the Credit Agreement, the Borrower hereby requests and the Banks hereby agree that upon effectiveness of the Amendment, the Tranche A Loan Commitments of the Banks shall be permanently reduced ratably in the amount of $100,000,000.

• Upon any change in any of the Tranche A Loan Commitments in accordance herewith, there shall be an automatic adjustment to such participations to reflect such changed shares.

• Any Tranche A Loan Commitments outstanding as of the last Business Day of the Tranche A Availability Period shall expire as of such date.

• If the initial aggregate amount of the Tranche A Loan Commitments exceeds the aggregate principal amount of Tranche A Loans that are outstanding on the Conversion Date, then the scheduled repayments of Borrowings to be made pursuant to this Section shall be reduced ratably by an aggregate amount equal to such excess.

• Simultaneously with any termination or reduction of the Tranche A Loan Commitments pursuant to this Section 2.3, the Borrower shall pay to the Administrative Agent for the account of each Bank the applicable Commitment Fee, if any, on the amount of the Tranche A Loan Commitments so terminated or reduced and owed to such Bank through the date of such termination or reduction.

• The accrued commitment fee shall be due and payable quarterly in arrears on the first Business Day of each calendar quarter, commencing on the first such date after the Closing Date, and upon the Maturity Date (as stated, by acceleration or otherwise) or earlier termination of the Tranche A Loan Commitments.

• In no event shall the Borrower be permitted to cancel Tranche A Loan Commitments for which a Letter of Credit has been issued and is outstanding unless the Borrower returns (or causes to be returned) such Letter of Credit to the Fronting Bank.

• Any prepayments required to assure that the aggregate unused amount of the Tranche A Loan Commitments is not less than the face amount of outstanding Commercial Paper shall be applied to the Tranche A Loans.

More Definitions of Tranche A Loan Commitments

Tranche A Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche A Loan Commitment, if any, is set forth on Schedule 1. The aggregate amount of the Tranche A Loan Commitments as of the Closing Date is $25,000,000. “Tranche B Loan” means each loan advanced by a Lender pursuant to Section 2.01(b). For purposes of clarification, any calculation of the aggregate outstanding principal amount of the Tranche B Loan on any date of determination shall mean the aggregate principal amount of the Tranche B Loan made pursuant to Section 2.01(b) that has not yet been repaid as of such date.

Tranche A Loan Commitments means, collectively, the Tranche A-1 Loan Commitment and the Tranche A-3 Loan Commitment.

Tranche A Loan Commitments has the meaning ascribed thereto in the Commercial Bank Senior Loan Agreement.

Tranche A Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche A Loan Commitment, if any, is set forth on Schedule 1. The aggregate amount of the Tranche A Loan Commitments as of the Closing Date is $25,000,000. “Tranche B Loan” means each loan advanced by a Lender pursuant to Section 2.01(b). For purposes of clarification, any calculation of the aggregate outstanding principal amount of the Tranche B Loan on any date of determination shall mean the aggregate principal amount of the Tranche B Loan made pursuant to Section 2.01(b) that has not yet been repaid as of such date. “Tranche B Loan Borrowing Date” means with respect to the Tranche B Loan, the Business Day on which all conditions set forth in Section 6.02 have been satisfied or waived by the Lenders and the Tranche B Loan is made hereunder. “Tranche B Loan Commitment” means the commitment of a Lender to make or otherwise fund a Tranche B Loan and “Tranche B Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Loan Commitment, if any, is

Tranche A Loan Commitments means such commitments of all Lenders in the aggregate.