Tranche B Construction Facility Commitment definition
Tranche B Construction Facility Commitment means the commitment under the Credit Agreement of the Lenders (a) to lend to Borrower Tranche B Agreement Construction Loans and (b) to issue, and maintain participation and funding commitments under, the Rova II Letters of Credit (without duplication with respect to the Series 1993 Letter of Credit or any Rova II Trade Letter of Credit), up to the aggregate maximum with respect to both clauses (a) and (b) of $58,300,000.
Examples of Tranche B Construction Facility Commitment in a sentence
Borrower may not terminate any unadvanced portion of the Tranche A Construction Facility Commitment or any unadvanced portion of the Tranche B Construction Facility Commitment.