Tranche B Loan Amount definition

Tranche B Loan Amount has the meaning set forth in Section 2.1.

Tranche B Loan Amount means an original principal amount of Twenty-Five Million Dollars ($25,000,000.00); provided, that if either of the events described clauses (x) or (y) in the proviso to the definition of Tranche B Commitment occurs, the Tranche B Loan Amount, for purposes of this Agreement, equals zero.

Tranche B Loan Amount means (a) if Net Sales for the two fiscal quarters preceding the Tranche B Closing Date taken together are greater than or equal to $20,000,000 but less than $25,000,000, not less than $5,000,000 and not greater than $15,000,000; and (b) if Net Sales for the two fiscal quarters preceding the Tranche B Closing Date taken together are greater than or equal to $25,000,000, not less than $5,000,000 and not greater than $25,000,000. For the avoidance of doubt if Net Sales for the two fiscal quarters preceding the Tranche B Closing Date taken together are less than $20,000,000, the Tranche B Loan Amount equals zero.

Examples of Tranche B Loan Amount in a sentence

• The Borrower shall repay (i) on the last day of each of January, April, July and October beginning with January 31, 2019, a principal amount of Tranche B Loans equal to Original Tranche B Loan Amount multiplied by 0.25% to the Agent, for the ratable benefit of the Tranche B Lenders and (y) on the Tranche B Maturity Date, to the Agent, for the ratable benefit of the Tranche B Lenders, all Tranche B Loans outstanding on the Tranche B Maturity Date.

• The aggregate amount of Tranche B Loans to be made hereunder, together with the Letter of Credit Usage with respect to Xxxx XX, shall not exceed Seventy-Four Million Dollars ($74,000,000) (the "Tranche B Loan Amount").

• Lender agrees to make a term loan to Borrower on the Tranche B Closing Date in a principal amount equal to the Tranche B Loan Amount (the “Tranche B Loan”).

• Tranche A Loan Amount: Determined in accordance with Section 3.14(a) Tranche B Loan Amount: $60,000,000 Revolving Amount: $10,000,000 TALC Facility Amount: $30,140,000 (prior to the commencement of the Delivery Period (as such term is defined in the Tolling Agreement))/$90,000,000(thereafter) DSR Facility Amount $48,000,000 Required Equity Contribution Amount Determined in accordance with the definition thereof.

• Operation targets: - Continue to stabilize the business operations and make use of the opportunities to grow.

More Definitions of Tranche B Loan Amount

Tranche B Loan Amount means an original principal amount equal to Twenty-five Million Dollars ($25,000,000.00).

Tranche B Loan Amount has the meaning set forth in Section 2.1(b) of this Credit Agreement.

Tranche B Loan Amount means an original principal amount equal to Seventy-Five Million Dollars $75,000,000.00).

Tranche B Loan Amount means an original principal amount equal to Three Hundred Million Dollars ($300,000,000.00); provided, that if either of the events described in clauses (x) or (y) in the proviso to the definition of “Tranche B Commitment” occurs, the Tranche B Loan Amount, for purposes of this Agreement, equals zero.”

Tranche B Loan Amount means an original principal amount equal to Fifty Million Dollars ($50,000,000.00); provided, however, that if the Tranche B Trigger Date does not occur on or before March 31, 2024 or the Tranche B Closing Date does not occur on or before May 15, 2024, then in either such case the Tranche B Loan Amount, from and after such time for purposes of this Agreement, equals zero.

Tranche B Loan Amount means an original principal amount equal to up to Fifty Million Dollars ($50,000,000.00); provided, that if the events described in the proviso to the definition of “Tranche B Commitment” occurs, the Tranche B Loan Amount, for purposes of this Agreement, equals zero.

Tranche B Loan Amount means, at Borrower’s option and as indicated in the Payment/Advance Form for the Tranche B Loan delivered by Borrower pursuant to Section 3.5, an aggregate principal amount of not less than Fifty Million Dollars ($50,000,000.00) and not more than Two Hundred Million Dollars ($200,000,000.00).