Tranche B Advance definition

Tranche B Advance means a borrowing hereunder (a) made available by the Tranche B Lenders on the same Borrowing Date or (b) converted or continued by the Tranche B Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the several Tranche B Loans of the same Type and, in the case of Eurocurrency Rate Loans, in the same Agreed Currency and for the same Interest Period.
Tranche B Advance means an advance (as from time to time reduced by repayment in accordance with the terms hereof or the Common Terms Agreement) made or to be made by the Tranche B Facility Lenders under the Tranche B Facility.

Examples of Tranche B Advance in a sentence

  • Each Borrower shall repay each Tranche B Advance made to it in full on its Maturity Date to the Agent for the relevant Banks but since Tranche B is available on a revolving basis amounts repaid may be reborrowed subject to the terms of this Agreement.

  • No Tranche B Advance may be outstanding after the Tranche B Final Maturity Date.

  • Each Tranche B Advance hereunder shall consist of Tranche B Loans made by the Tranche B Lenders ratably in accordance with their respective Pro Rata Shares.

  • Any Revolving Advance may be a Base Rate Advance, a Same Day Dollar Advance or a Eurocurrency Rate Advance or in the case of a Tranche B Advance, a Tranche B Same Day Multi-Currency Advance, or a combination thereof, selected by the applicable Borrower in accordance with Sections 2.8 and 2.9.

  • No Tranche B Advance may be outstanding after the Final Maturity Date.


More Definitions of Tranche B Advance

Tranche B Advance means any Tranche B Loans made pursuant to this Agreement on a single date.
Tranche B Advance has the meaning specified in Section 2.01(b).
Tranche B Advance means an advance by a Tranche B Lender to any Borrower as part of a Tranche B Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance (each of which shall be a “Type” of Tranche B Advance).
Tranche B Advance means an advance by a Lender to a Borrower as part of a Tranche B Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance.
Tranche B Advance means an Advance made by a Bank under Tranche B.
Tranche B Advance or “Tranche B Advances” is defined in Section 2.1.2(a).
Tranche B Advance means an Advance comprised of Tranche B Revolving Loans.