Tranche B Borrowing definition

Tranche B Borrowing means a Borrowing comprised of Tranche B Loans.
Tranche B Borrowing means a Borrowing consisting of simultaneous Tranche B Advances of the same Type made by each of the Lenders pursuant to Section 2.01(c).
Tranche B Borrowing means a borrowing consisting of simultaneous Tranche B Advances of the same Type made by each of the Tranche B Lenders pursuant to Section 2.01(a).

Examples of Tranche B Borrowing in a sentence

  • Aggregate Borrowing Base, Tranche A Borrowing Base and Tranche B Borrowing Base calculations shall be consistent with historical methods of valuation and calculation, and otherwise satisfactory to Agent (and not necessarily calculated in accordance with GAAP).

  • Phase 2 of the CDAIS project must therefore focus on strengthening the capacity of some key organizations of the Agricultural innovation System in order to have medium and long-term impacts.

  • The Company shall furnish to the Administrative Agent any information that the Administrative Agent may reasonably request regarding the determination and calculation of the Tranche A Borrowing Base or the Tranche B Borrowing Base including correct and complete copies of any invoices, underlying agreements, instruments or other documents and the identity of all Account Debtors in respect of the Accounts referred to therein.

  • For purposes of calculating the Tranche A Borrowing Base, the Tranche B Borrowing Base and the Aggregate Borrowing Base, such calculation of Inventory shall be on a “first-in, first-out” basis.

  • Borrowing Base Certificate: a certificate, in form and substance reasonably satisfactory to Agent, by which Borrower certifies calculation of the Tranche A Borrowing Base, Tranche B Borrowing Base and Aggregate Borrowing Base.


More Definitions of Tranche B Borrowing

Tranche B Borrowing means Tranche B Term Loans of the same Class and Type made, converted or continued on the same date and, in the case of Eurocurrency Loans, as to which a single Interest Period is in effect.
Tranche B Borrowing means Tranche B Loans made on the same day by the Tranche B Lenders ratably according to their respective Tranche B Commitments.
Tranche B Borrowing means, initially, the borrowing consisting of simultaneous Tranche B Advances by the Tranche B Lenders on the Funding Date. After the Tranche B Advances are outstanding, “Tranche B Borrowing” means a portion of the Tranche B Advances (as to which each Tranche B Lender has a ratable part) that (a) bears interest by reference to the Base Rate or (b) bears interest by reference to the Eurodollar Rate and has a single Interest Period.
Tranche B Borrowing means a group of Tranche B Loans of a single Type made by the Lenders on a single date and as to which a single Interest Period is in effect.
Tranche B Borrowing means the designation of Revolving Advances as Tranche B Advances pursuant to Section 2.01(a) or Converted by each Lender to Tranche B Advances of a different Type pursuant to Section 2.02(b).
Tranche B Borrowing means the Borrowing made of all of Tranche B of the Loan by the Lenders in favor of the Co-Borrowers, after the Tranche A Borrowing as provided by Section 2.1.2 of this Agreement, for the purposes provided in paragraph (iii) of Section 2.1.6 of this Agreement once the Tranche B Borrowing Conditions have been met.
Tranche B Borrowing means a borrowing consisting of simultaneous Tranche B Loans made to an Asian Borrower by the Tranche B Banks pursuant to Section 3.01.