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

The Borrower shall use commercially reasonable efforts to deliver to the Administrative Agent, on each Settlement Date during the Revolving Commitment Period, a report setting forth the aggregate amount of Tranche B Loans and the aggregate amount of Tranche C Loans the Borrower anticipates (as of such Settlement Date) requesting from the Lenders during the calendar month following such Settlement Date.
Such report shall be based on the reasonable projections of the Borrower and shall neither (x) obligate the Borrower to request Tranche B Loans and/or Tranche C Loans in amounts equal to those set forth in any such report, nor (y) limit the ability of Borrower to request additional Loans in excess of the amounts set forth in any such report.
The Tranche B Term Loan Commitment Termination Date shall not have occurred.
Subject to Sections 3.01 and 3.03, all amounts owed hereunder with respect to the Tranche B Term Loan (other than unasserted contingent liabilities) shall be paid in full no later than the Maturity Date.
Each Lender’s Tranche B Term Loan Commitment shall terminate immediately and without further action on the earlier of (x) the Tranche B Term Loan Borrowing Date after giving effect to the funding of such Lender’s Tranche B Term Loan Commitment on such date and (y) the Tranche B Term Loan Commitment Termination Date.

More Definitions of Tranche B

Tranche B means the Equivalent Amount of up to seventy five per cent (75%) of the amount of the Hermes Insurance Premium 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 that part of the Loan made or to be made available to Borrower B to refinance all or part of the Existing Indebtedness in a principal amount up to the lesser of (i) $42,000,000 and (ii) 55 per cent. of the Initial Market Value of Ship B. "Transaction Document" means:

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

Tranche B has the meaning ascribed to it in paragraph (b) of Clause 2.1 (The Facility).

Tranche B means that part of the Loan made or to be made available to Borrower B to finance the Purchase Price in respect of Ship B in a principal amount not exceeding $34,519,500.