Definition of Tranche B Loan


Tranche B Loan means an extension of credit by a Lender to TCCI under Article II and shall, unless the context otherwise requires, be deemed to include Drafts accepted or purchased by any such Lender, and BA Equivalent Notes issued to such Lender in exchange for Drafts. Tranche B Loans may be denominated in Canadian Dollars (as Canadian Prime Rate Loans, Bankers’ Acceptances, Drafts or BA Equivalent Notes), US Dollars (as Base Rate Loans or Eurocurrency Rate Loans) or any Alternative Currency (as Eurocurrency Rate Loans).


Tranche B Loan means a loan made under Tranche B or the principal amount outstanding for the time being of that loan.

Tranche B Loan means a Loan made pursuant to Section 2.01(b).

Examples of Tranche B Loan in a sentence

The Company pays interest on the Tranche B Loan proceeds, net of interest income, as defined.
On September 3, 2002, the Company closed on the DIP Facility and, as part of the closing, the proceeds from the Tranche B Loan in the amount of $200,000 were funded by the DIP Lenders and transferred into credit-linked investment accounts maintained at JPMorgan Chase Bank.
As discussed in Note 2, also included in cash and cash equivalents are the proceeds of the Tranche B Loan of $200,000.
The portion of the proceeds from the Tranche B Loan associated with issued letters of credit has been reflected in restricted cash in the accompanying consolidated balance sheet.
Based on the DIP Facility’s terms and conditions, the proceeds from the Tranche B Loan have been recorded as cash and cash equivalents, restricted cash and parent and subsidiary debt in the accompanying consolidated balance sheet.



More definitions of Tranche B Loan

Tranche B Loan means the term loans made by the Lenders to Borrower pursuant to Section 2.01(a) or by an Increase Joinder. Each Tranche B Loan shall be either an ABR Term Loan or a Eurodollar Term Loan.


Tranche B Loan means an extension of credit by a Lender to TCCI under Article II in the form of a Committed Loan. Tranche B Loans may be denominated in Canadian Dollars (as Canadian Prime Rate Loans or Eurocurrency Rate Loans), US Dollars (as Base Rate Loans or Eurocurrency Rate Loans) or any Alternative Currency (as Eurocurrency Rate Loans).

Tranche B Loan means each Loan made under the Tranche B Commitment.

Tranche B Loan means the loans and advances made by the Tranche B Lenders pursuant to this Agreement, including a Loan made pursuant to Section 2.01(c).

Tranche B Loan means the loans by Buyer as successor to the Tranche B DIP Lenders pursuant to the DIP Facility.

Tranche B Loan means the loan made or to be made under Tranche B or the principal amount outstanding for the time being of such loan;

Tranche B Loan means a Loan made under Tranche B.