Tranche A Portion definition

Tranche A Portion means, (a) with respect to any Advance without reference to any Participant, the portion of such Advance equal to the Tranche A Proportionate Share of such Advance and (b) with respect to any Advance with reference to any Participant, the portion of such Advance equal to such Participant's Tranche A Percentage of such Advance.
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Tranche A Portion means the aggregate original principal amount of $7,000,000 in Secured Senior Convertible Promissory Notes originally issued by the Company on December 6, 2010 to the Lenders under this Agreement, which Secured Senior Convertible Promissory Notes were replaced by the Amended and Restated Notes on the closing of the transactions under the Second Amendment.
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Tranche A Portion means that portion of the Borrowing Base designated as such pursuant to Section 2.07 being in an amount equal to the then effective Borrowing Base minus the Tranche B Portion then in effect.
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Examples of Tranche A Portion in a sentence

  • Each Advance shall consist of a Tranche A Portion, a Tranche B Portion and a Tranche C Portion.

  • For accounting purposes, the Tranche A Portion and Tranche B Portion of each Advance shall constitute debt and the Tranche C Portion shall constitute equity.

  • Lessor shall share each payment applied to the Interest Component of Base Rent under a Facility among the Participants which funded the Outstanding Lease Amount under such Facility pro rata within the Tranche A Portion, Tranche B Portion and the Tranche C Portion, respectively, according to (i) the respective Outstanding Participation Amounts so funded by such Participants and (ii) the dates on which such Participants so funded such amounts.

  • Subject to Section 3.03, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith; provided that Loans shall first be allocated to the Tranche A Portion until it is fully utilized; thereafter, Loans shall be allocated to the Tranche B Portion.

  • Any optional reduction of the Tranche A Portion or the Tranche B Portion shall be permanent.

  • Notwithstanding the foregoing, the Present Value, the Borrowing Base and the Tranche A Portion may be subject to further adjustments from time to time pursuant to Section 8.13(c), Section 9.02(i) or Section 9.12.

  • At each Redetermination Date prior to the Tranche B Termination Date, the Borrowing Base shall consist of two portions: the Tranche A Portion and the Tranche B Portion, which Tranche A Portion shall be determined in accordance with this Section 2.07 and which Tranche B Portion shall be reduced as provided in Sections 2.07(e), (f) and (g).

  • Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Credit Exposure exceeding such Lender’s Commitment, (b) the total Credit Exposures exceeding the total Commitments or (c) either the aggregate Tranche A Credit Exposures exceeding the Tranche A Portion or the Tranche B Loans exceeding the Tranche B Portion.

  • To the extent the Total Commitment Amount is not reduced to zero pursuant to the foregoing sentence, any reduction of the Total Commitment Amount shall be applied equally between the Tranche A Commitment Amount and the Tranche B Commitment Amount and also rateably among the Lenders' Commitment Amounts (Tranche A Portion) and/or their Commitment Amounts (Tranche B Portion).

  • Each Participant's Proportionate Share of the Acquisition Advance shall consist of such Participant's Tranche A Portion and Tranche B Portion.


More Definitions of Tranche A Portion

Tranche A Portion means the portion of any Funding Amount to be funded by Tranche A Loans, as set forth in the Loan
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Tranche A Portion means, (a) with respect to the Acquisition Advance without reference to any Participant, the portion of the Acquisition Advance equal to the Tranche A Proportionate Share of the Acquisition Advance and (b) with respect to the Acquisition Advance with reference to any Participant, the portion of the Acquisition Advance equal to such Participant's Tranche A Percentage of the Acquisition Advance.
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Tranche A Portion means, (a) with respect to any Advance without reference to any Participant, the portion of such Advance equal to the Tranche A Proportionate Share of such Advance and (b) with respect to any Advance with reference to any Participant, the portion of such Advance equal to such Participant's Tranche A Percentage of such Advance. "Tranche A Proportionate Share" shall mean (a) at any time prior to the Commitment Termination Date, eighty-nine and nine-tenths percent (89.9%) and (b) at any time on or after the Commitment Termination Date, eighty-three percent (83.0%). "Tranche B Participant" shall mean, at any time, any Participant having an Outstanding Tranche B Participation Amount at such time. "Tranche B Percentage" shall mean (a) with respect to each Participant at any time prior to the Commitment Termination Date, the percentage set forth under the caption "Tranche B Percentage" opposite such Participant's name in Part A(1) of Schedule I and (b) with respect to each Participant at any time on or after the Commitment Termination Date, the percentage set forth under the caption "Tranche B Percentage" opposite such Participant's name in Part A(2) of Schedule I; or in the case of either such percentage, if changed, such percentage as may be set forth for such Participant in the Register.. "Tranche B Portion" shall mean, (a) with respect to any Advance without reference to any Participant, the portion of such Advance equal to the Tranche B Proportionate Share of such Advance and (b) with respect to any Advance with reference to any Participant, the portion of such Advance equal to such Participant's Tranche B Percentage of such Advance. "Tranche B Proportionate Share" shall mean (a) at any time prior to the Commitment Termination Date, seven percent (7.0%) and (b) at any time on or after the Commitment Termination Date, thirteen and nine- tenths percent (13.9%). "Tranche C Participant" shall mean, at any time, any Participant having an Outstanding Tranche C Participation Amount at such time. "Tranche C Percentage" shall mean (a) with respect to each Participant at any time prior to the Commitment Termination Date, the percentage set forth under the caption "Tranche C Percentage" opposite such Participant's name in Part A(1) of Schedule I and (b) with respect to each Participant at any time on or after the Commitment Termination Date, the percentage set forth under the caption "Tranche C Percentage" opposite such Participant's name in Part A(2) of Schedule I; or...
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Tranche A Portion means, (a) with respect to any Advance under a Facility (or the Land Portion or Improvement Portion thereof in the case of Facility 1) without reference to any Participant, the portion of such Advance equal to the applicable Tranche A Proportionate Share of such Advance and (b) with respect to any Advance under a Facility (or the Land Portion or Improvement Portion thereof in the case of Facility 1) with reference to any Participant, the portion of such Advance equal to such Participant's applicable Tranche A Percentage of such Advance.
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Related to Tranche A Portion

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Tranche A Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche A Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender's Tranche A Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Lenders' Tranche A Commitments is $50,000,000.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche A Note means a promissory note substantially in the form of Exhibit A-1 made by the Borrower in favor of a Lender evidencing Tranche A Loans made by such Lender, to the extent requested by such Lender pursuant to Section 2.08(e).

  • Tranche A Advance has the meaning specified in Section 2.01(a).