Examples of Tranche A Revolving Commitments in a sentence
The loan is to be repaid in quarterly installments within one year from the due date for payment for the goods, with interest charged as stipulated in the agreement.
The aggregate Incremental Tranche A Revolving Commitments of all Revolving Credit Lenders shall be $100,000,000 on the Amendment No. 3 Effective Date.
Subject to Clauses 14(f), 15(b), 33(a) and any agreement we have made with you, we will normally give you at least ten (10) Business Days’ notice of changes to the Agreement unless the change is to your advantage or we need to make the change to comply with applicable law, in which case we may give you less notice.
The Borrower has requested that the Tranche A Revolving Lenders consent to (i) extend the final maturity date of the Tranche A Revolving Loans and Tranche A Revolving Commitments to June 30, 2021 and (ii) make certain other changes to the Loan Documents as are necessary or appropriate in connection with such extension, as more fully set forth herein, in each case, pursuant to a Permitted Amendment in accordance with Section 9.19(a) of the Credit Agreement.
Each Revolving Commitment Increase shall be subject to the terms and conditions set forth in this Section 2.23(b) and any Tranche A Revolving Loans pursuant to such Revolving Commitment Increase or new Tranche A Revolving Commitments shall be on the same terms and conditions as all other Tranche A Revolving Loans, except with respect to any fees payable in connection therewith as may be separately agreed among the Borrower Agent and the Additional Revolving Commitment Lenders.
The last sentence of the definition of “Canadian Tranche A Revolving Commitment” is amended in its entirety to read as follows: The aggregate amount of the Canadian Tranche A Revolving Commitments as of the Third Amendment Effective Date (subsequent to the reduction of the Canadian Tranche A Revolving Commitments pursuant to Section 2 of the Third Amendment) is $90,000,000.
All Letters of Credit outstanding under the Revolving Credit Commitments immediately prior to the Amendment No. 3 Effective Date shall be deemed to be Letters of Credit issued under the Tranche A Revolving Commitments and Incremental Tranche A Revolving Commitments.
Meetings of the Executive Committee shall be held at such times and places as the Chairman of the Executive Committee may determine.
The Tranche B Revolving Commitments were first in, last out and the Tranche A Revolving Commitments were last in, first out, meaning that Tranche B Revolving Commitments were drawn first and paid last.
Except to the extent of reallocations of participations pursuant to clause (i) of the second preceding sentence, the occurrence of a maturity date with respect to a given tranche of Tranche A Revolving Commitments shall have no effect upon (and shall not diminish) the percentage participations of the Tranche A Revolving Lenders in any Letter of Credit issued before such maturity date.