Definition of Tranche B Borrowing


Tranche B Borrowing means the making of any Tranche B Loan." (e) The definition of "Tranche B DIP Lender" set forth in Section 1.01 of the Existing DIP Credit Agreement is hereby amended and restated in its entirety to read as follows:

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).
Any Borrowing Subsidiary shall continue to be a Tranche A Borrowing Subsidiary, a Tranche B Borrowing Subsidiary or a Tranche C Borrowing Subsidiary, as the case may be, until the Company shall have executed and delivered to the Administrative Agent a Borrower Termination Agreement with respect to such Subsidiary, whereupon such Subsidiary shall cease to be a Borrowing Subsidiary hereunder.
Aggregate Borrowing Availability means, at any time, the lesser of (a) the Aggregate Commitment Amount and (b) an amount equal to the sum of (i) the Tranche A Borrowing Base plus (ii) the Tranche B Borrowing Base, in each case at or as of such time.
Aggregate Borrowing Base means the sum of the U.S. Borrowing Base and the Canadian Borrowing Base, but for the avoidance of doubt, the Aggregate Borrowing Base shall not include the Tranche B Borrowing Base or the Tranche C Borrowing Base.
For the avoidance of doubt, borrowing availability under the Tranche B Borrowing Base shall not be included in the calculation of U.S. Excess Availability.