Tranche B Lender definition

Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.
Tranche B Lender means each Lender that has a Tranche B Commitment on Schedule 2.1 or any Lender to which a portion of the Tranche B Commitment hereunder has been assigned pursuant to an Assignment and Assumption.
Tranche B Lender means each Lender having a Tranche B Commitment.

Examples of Tranche B Lender in a sentence

  • TCCI shall, at the request of a Tranche B Lender, issue one or more non-interest bearing promissory notes (each a “BA Equivalent Note”) payable on the date of maturity of the unaccepted Draft referred to below, in such form as such Tranche B Lender may specify, in a principal amount equal to the Face Amount of, and in exchange for, any unaccepted Drafts which such Tranche B Lender has purchased or has arranged to have purchased in accordance with Section 2.1(b).

  • The failure of any Tranche B Lender to fund the Drawing Purchase Price to be funded by it as part of any Drawing shall not relieve any other Tranche B Lender of its obligation hereunder to fund its Drawing Purchase Price on the date of such Drawing, but no Tranche B Lender shall be responsible for the failure of any other Tranche B Lender to fund the Drawing Purchase Price to be funded or made, as the case may be by such other Tranche B Lender on the date of any Drawing.

  • TCCI shall, on the date of each Drawing and on the date of each renewal of any outstanding Bankers’ Acceptances or BA Equivalent Notes, pay to the Canadian Sub-Agent, in Canadian Dollars, for the ratable account of the Tranche B Lenders accepting Drafts and purchasing Bankers’ Acceptances or purchasing Drafts which have not been accepted by any Tranche B Lender, the Drawing Fee with respect to such Drafts.

  • Thereafter, TCCI’s right to request the acceptance and/or purchase of Drafts shall be and remain suspended until the Canadian Sub-Agent determines and notifies TCCI and each Tranche B Lender that the condition causing such determination no longer exists.

  • Each Tranche B Lender is hereby authorized (for the purpose of acceptance and/or purchase of Drafts pursuant to this Agreement) to complete and issue such Drafts endorsed in blank in such face amounts as may be determined by such Tranche B Lender; provided that the aggregate amount thereof is equal to the aggregate amount of Drafts required to be purchased by such Tranche B Lender.


More Definitions of Tranche B Lender

Tranche B Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.
Tranche B Lender means each Lender with a Tranche B Revolving Commitment.
Tranche B Lender means (a) at any time on or prior to the Effective Date, any Term Loan Lender that has a Tranche B Commitment at such time and (b) at any time after the Effective Date, any Term Loan Lender that holds Tranche B Loans at such time.
Tranche B Lender means each Lender that issues a Tranche B Commitment and/or holds Tranche B Loans hereunder.
Tranche B Lender means any Lender holding Tranche B Loans and/or any commitment thereunder.
Tranche B Lender any Lender that holds outstanding Tranche B Term Loans.
Tranche B Lender means a Lender that has Tranche B Term Loan Exposure.