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

If any Lender shall not have responded affirmatively within the Increase Approval Period, such Lender shall be deemed to have rejected the Borrower’s request for an increase in such ▇▇▇▇▇▇’s Tranche A Committed Loan Limit and/or the Tranche B Committed Loan Limit in full.
Any such increase in the Tranche A Committed Loan Limit and/or the Tranche B Committed Loan Limit shall be in a minimum amount of USD 1,000,000, and shall be conditioned on the payment by the Borrower of any fee agreed by the Borrower and the Agent in connection with such increase and, if reasonably requested by the Agent or any Lender, the delivery by the Borrower of customary legal opinions.
Each request by the Borrower pursuant to the immediately preceding sentence shall constitute an invitation to each Lender to increase its Tranche A Committed Loan Limit and/or its Tranche B Committed Loan Limit, as applicable, by an amount equal to its Applicable Percentage of the requested increase amount.
If the Agent and any Increasing Lender agrees to such increase (such agreement to be granted or withheld in its sole discretion), such increase will be effective as of the relevant Commitment Increase Date, and the Agent will deliver a written confirmation to the Borrower specifying the new Tranche A Committed Loan Limit and Tranche B Committed Loan Limit, as applicable, of each Increasing Lender.
All reductions of the aggregate Tranche A Committed Loan Limits or the aggregate Tranche B Committed Loan Limit shall reduce the Tranche A Committed Loan Limits and the Tranche B Committed Loan Limits of each Lender ratably in accordance with each Lender’s Applicable Percentage.

More Definitions of Tranche B

Tranche B means that part of the Loan made or to be made available to the Borrowers to enable the Borrowers to refinance the Existing Indebtedness in relation to Ship B and for general corporate and working capital purposes in a principal amount not exceeding 58 per cent. of the Fair Market Value of Ship B. 34 ‌ EUROPE/73091764v9

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 the aggregate of the Tranche B Commitments.

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

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.

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).