Tranche B definition

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

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Tranche B is defined in Section 2.1.1(a).

Tranche B means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche B Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche B” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche B Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.

Examples of Tranche B in a sentence

For the Tranche B Closing, evidence of the contemporaneous payment in full of all remaining Existing Indebtedness and the release of any and all obligations of the Obligors under, and any and all liens securing, such Existing Indebtedness.
Subject to all of the terms and conditions hereof, the Company agrees to issue and sell to Investor, and Investor agrees to purchase, a senior convertible promissory note in the form of Exhibit A-2 hereto (the “Tranche B Note”; and the Tranche B Note together with the Tranche A Note, the “Notes”) in the principal amount set forth opposite Investor’s name under the heading “Tranche B Note” on Schedule I hereto.
For the Tranche B Closing, Investor shall have delivered to the Company the Tranche B Purchase Price in respect of the Tranche B Note being purchased by Investor referenced in Section 1(d) hereof.
At the Tranche B Closing, the Company will deliver to Investor the Tranche B Note to be purchased by Investor at such Tranche B Closing, against receipt by the Company of the corresponding purchase price set forth on Schedule I hereto (the “Tranche B Purchase Price”).
The sale and purchase of the Tranche B Note shall take place at a closings (the “Tranche B Closing”, and together with the Tranche A Closing, each a “Closing” and collectively, the “Closings”) to be held on the date on which the conditions specified in ‎Sections 4 and 5 are satisfied (or waived in accordance with ‎Section 6(a)) (the “Tranche B Closing Date”, and together with the Tranche A Closing Date, each a “Closing Date” and collectively, the “Closing Dates”).

More Definitions of Tranche B

Tranche B 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 B or (ii) 65 per cent. of the Contract Price of Ship B.

Tranche B means up to seventy five per cent (75%) of the amount of the Hermes Insurance Premium or the Equivalent Amount thereof payable on the later of the First Drawdown Date and the issue of the Hermes Cover to be paid to the Hermes Agent for on-payment to Hermes to be advanced by the Lenders on a Drawdown Date by way of their Contributions thereto PROVIDED THAT the amount of this Tranche and the amount of Tranche A shall not when aggregated exceed eighty per cent (80%) of the Hermes Premium;

Tranche B means the aggregate of the Tranche B Commitments.

Tranche B means, at any time, all Tranche B Collateral Loans at such time.

Tranche B means the amount of up to USD25,000,000, being the aggregate of all of the Advances to be made available by the Lender to the Borrowers to assist Skiathos in its acquisition of Vessel B or, as the context requires, the amount thereof outstanding from time to time;

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

Tranche B means the amount of up to USD25,000,000, being the aggregate of all of the Advances to be made available by the Lender to the Borrowers to assist Andros in its acquisition of Vessel B or, as the context requires, the amount thereof outstanding from time to time;