Tranche B Facilities definition

Tranche B Facilities means the Tranche B Commitments and the provisions herein related to the Tranche B Loans.
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Tranche B Facilities means the Tranche B Dollar Facility and the Tranche B Euro Facility
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Tranche B Facilities means the Tranche X X/C Facility, the Tranche B T/R Facility and the Tranche B Loan Facility in an aggregate amount up to US$4,000,000 (US$ four million), and Tranche B Facility means any of them, as the context requires;
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Examples of Tranche B Facilities in a sentence

  • In accordance with the Financing Agreement, see note 5, Debt, on October 18, 2011, the Company entered into a series of fixed for floating interest rate swaps for 75% of the outstanding Tranche A and Tranche B Facilities amounts, intended to hedge the risks associated with floating interest rates.

  • No Borrower shall be entitled to prepay Advances or any part of them or cancel the Tranche A Facility or the Tranche B Facilities in whole or in part otherwise than as specifically provided in this Agreement.

  • Subject to the provisions of this Agreement, the Borrower may, on Business Days during the Availability Period relating to the Tranche B Facilities, make a request for an Issue of a Tranche B Letter of Credit by delivering to a Tranche B Lender not less than 3 (three) Business Days prior to the proposed Issue Date a duly completed request (which shall be irrevocable) in the form to be specified by such Tranche B Lender.

  • The Company has a series of fixed for floating interest rate swaps for 75% of its Tranche A and Tranche B Facilities amounts.

  • The Tranche A and Tranche B Facilities amortize based upon a predetermined schedule over the term of the loan with the balance payable at maturity in August 2023.The West Holdings Credit Agreement also provides for the issuance of letters of credit and working capital loans to support the El Segundo Energy Center collateral needs.

  • The Tranche A and Tranche B Facilities amortize based upon a predetermined schedule over the term of the loan with the balance payable at maturity in August 2023.

  • Notwithstanding Clause 7.8 (Application of Prepayment or Cancellation), an amount equal to all Disposal Proceeds shall be applied in permanent repayment of the Tranche A Loans or, if no Tranche A Loans have been made, in cancellation of the Tranche A Facilities, or, to the extent that the Tranche A Loans have been repaid or cancelled in full, in permanent repayment of the Tranche B Loans or , if no Tranche B Loans have been made, in permanent cancellation of the Tranche B Facilities.

  • Each drawdown under the Credit Facilities shall be made (i) first, ratably among the Tranche A and Tranche B Facilities and (ii) second, from the Tranche C Facility, and at no time shall the ratio of debt issued for purposes of financing the Acquisition to the total funding sources for the Acquisition exceed the applicable percentages set forth in the Commitment Letter.

  • Purchaser shall deliver notice to Seller on or before December 22, 1999 tentatively identifying the Facilities to be closed on or before December 30, 1999 (the "Tranche A Facilities") (subject to complete satisfaction of the conditions set forth in Paragraph 12) and provided that the Tranche A Closing actually occurs, the remaining Facilities shall be closed (subject to the complete satisfaction of the conditions set forth in Paragraph 12) on or before January 30, 2000 (the "Tranche B Facilities").

  • Remaining conditions precedent to the first drawdown under Tranche B Facilities of $30m relate to finalisation of security arrangements.


More Definitions of Tranche B Facilities

Tranche B Facilities. Each Tranche B Lender will make available the Tranche B Facilities to the Borrower on terms and conditions set out in this Agreement, provided that:
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Tranche B Facilities. A commitment fee on the Tranche B Facilities shall be payable as follows:
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Related to Tranche B Facilities

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Term Facilities means, at any time, the Term A Facility and the Term B Facility.

  • Term B Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term B Commitments at such time and (b) thereafter, the aggregate principal amount of the Term B Loans of all Term B Lenders outstanding at such time.

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Incremental Facilities has the meaning assigned to such term in Section 2.22(a).

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Term A Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A Loans of all Term A Lenders outstanding at such time.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Facility or Facilities means any tangible asset in the right-of-way required to provide utility service.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Facility A Commitment means, with respect to each Facility A Lender, the commitment, if any, of such Lender to make Facility A Revolving Loans and to acquire participations in Facility A Letters of Credit, Facility A Protective Advances and Facility A Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility A Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility A Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility A Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility A Commitments is $150,000,000.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).