Tranche B Portion definition

Tranche B Portion means, (a) with respect to any Advance without reference to any Participant, the portion of such Advance equal to the Tranche B Proportionate Share of such Advance and (b) with respect to any Advance with reference to any Participant, the portion of such Advance equal to such Participant's Tranche B Percentage of such Advance.
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Tranche B Portion means that portion of the Borrowing Base equal to:
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Tranche B Portion means a loan in the aggregate original principal amount of $500,000 made to the Company on the date of the Second Amendment, represented by the Consideration (Tranche B), with each Lender’s share, if any, of the Tranche B Portion reflected on such Lender’s Amended and Restated Note.
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Examples of Tranche B Portion in a sentence

  • Each Advance shall consist of a Tranche A Portion, a Tranche B Portion and a Tranche C Portion.

  • For accounting purposes, the Tranche A Portion and Tranche B Portion of each Advance shall constitute debt and the Tranche C Portion shall constitute equity.

  • After the Tranche B Termination Date, information regarding the Tranche B Portion and the principal balance of the Tranche B Loans may be omitted from subsequent Borrowing Requests.

  • Lessor shall share each payment applied to the Interest Component of Base Rent under a Facility among the Participants which funded the Outstanding Lease Amount under such Facility pro rata within the Tranche A Portion, Tranche B Portion and the Tranche C Portion, respectively, according to (i) the respective Outstanding Participation Amounts so funded by such Participants and (ii) the dates on which such Participants so funded such amounts.

  • After such a reduction, the Borrower shall be permitted to retain 100% of the net cash proceeds from the ATM Financing until the Borrower has at least $10,000,000 of liquidity at which time the Borrower shall utilize 50% of such net cash proceeds to permanently reduce the Tranche B Portion.

  • Subject to Section 3.03, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith; provided that Loans shall first be allocated to the Tranche A Portion until it is fully utilized; thereafter, Loans shall be allocated to the Tranche B Portion.

  • Any optional reduction of the Tranche A Portion or the Tranche B Portion shall be permanent.

  • At each Redetermination Date prior to the Tranche B Termination Date, the Borrowing Base shall consist of two portions: the Tranche A Portion and the Tranche B Portion, which Tranche A Portion shall be determined in accordance with this Section 2.07 and which Tranche B Portion shall be reduced as provided in Sections 2.07(e), (f) and (g).

  • To the extent the Total Commitment Amount is not reduced to zero pursuant to the foregoing sentence, any reduction of the Total Commitment Amount shall be applied equally between the Tranche A Commitment Amount and the Tranche B Commitment Amount and also rateably among the Lenders' Commitment Amounts (Tranche A Portion) and/or their Commitment Amounts (Tranche B Portion).

  • Each Participant's Proportionate Share of the Acquisition Advance shall consist of such Participant's Tranche A Portion and Tranche B Portion.


More Definitions of Tranche B Portion

Tranche B Portion means that portion of the principal balance of the Securities in excess of that portion of the principal balance of the Securities equal to (a) 70% times (b) the aggregate principal balance of the Securities.
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Tranche B Portion means that portion of the Borrowing Base equal to, prior to Tranche B Termination Date, $45,000,000 less (i) any optional reductions to such amount under Section 2.07(e) and (ii) any reductions resulting from the conversion or reclassification of existing Oil and Gas Properties owned by the Borrower or any Subsidiary to "proved, developed producing" with a corresponding increase in the Tranche A Portion; and, from and after the Tranche B Termination Date, $0.
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Tranche B Portion means, (a) with respect to any Advance without reference to any Participant, the portion of such Advance equal to the Tranche B Proportionate Share of such Advance and (b) with respect to any Advance with reference to any Participant, the portion of such Advance equal to such Participant's Tranche B Percentage of such Advance. "Tranche B Proportionate Share" shall mean (a) at any time prior to the Commitment Termination Date, seven percent (7.0%) and (b) at any time on or after the Commitment Termination Date, thirteen and nine- tenths percent (13.9%). "Tranche C Participant" shall mean, at any time, any Participant having an Outstanding Tranche C Participation Amount at such time. "Tranche C Percentage" shall mean (a) with respect to each Participant at any time prior to the Commitment Termination Date, the percentage set forth under the caption "Tranche C Percentage" opposite such Participant's name in Part A(1) of Schedule I and (b) with respect to each Participant at any time on or after the Commitment Termination Date, the percentage set forth under the caption "Tranche C Percentage" opposite such Participant's name in Part A(2) of Schedule I; or in the case of either such percentage, if changed, such percentage as may be set forth for such Participant in the Register. "Tranche C Portion" shall mean, (a) with respect to any Advance without reference to any Participant, the portion of such Advance equal to the Tranche C Proportionate Share of such Advance and (b) with respect to any Advance with reference to any Participant, the portion of such Advance equal to such Participant's Tranche C Percentage of such Advance. "Tranche C Proportionate Share" shall mean, at all times (whether before, on or after the Commitment Termination Date), three and one- tenth percent (3.1%). "Trustee" shall have the meaning given to that term in the introductory paragraph of the Lease Agreement. "Two-Year Commitment" shall have the meaning given to that term in Subparagraph 2.01(b) of the Participation Agreement. "Unused" shall mean (a) with respect to the 364-Day Commitment at any time, the remainder of (i) the 364-Day Commitment at such time minus (ii) the aggregate amount of all Advances made prior to such time and allocated to the 364-Day Commitment; (b) with respect to the Two-Year Commitment at any time, the remainder of (i) the Two-Year Commitment at such time minus (ii) the aggregate amount of all Advances made prior to such time and allocated to the Two-Year Commi...
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Tranche B Portion means, (a) with respect to the Acquisition Advance without reference to any Participant, the portion of the Acquisition Advance equal to the Tranche B Proportionate Share of the Acquisition Advance and (b) with respect to the Acquisition Advance with reference to any Participant, the portion of the Acquisition Advance equal to such Participant's Tranche B Percentage of the Acquisition Advance.
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Tranche B Portion means, (a) with respect to any Advance under a Facility (or the Land Portion or Improvement Portion thereof in the case of Facility 1) without reference to any Participant, the portion of such Advance equal to the applicable Tranche B Proportionate Share of such Advance and (b) with respect to any Advance under a Facility (or the Land Portion or Improvement Portion thereof in the case of Facility 1) with reference to any Participant, the portion of such Advance equal to such Participant's applicable Tranche B Percentage of such Advance.
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Tranche B Portion means the portion of any Funding Amount to be funded by Tranche B Loans, as set forth in the Loan
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Related to Tranche B Portion

  • Tranche A Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche A Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender's Tranche A Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Lenders' Tranche A Commitments is $50,000,000.

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

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • Tranche B Loan is defined in Section 2.2(a)(ii).