Tranche B Revolving Credit Facility definition

Tranche B Revolving Credit Facility means, at any time, the aggregate amount of the Tranche B Revolving Credit Lenders’ Tranche B Revolving Credit Commitments at such time.
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Tranche B Revolving Credit Facility shall have the meaning assigned to such term in the preliminary statements.
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Tranche B Revolving Credit Facility means that certain $50 million Revolving Credit Facility, by and among Systems, certain of its affiliates and the Prepetition Lenders, the form of which shall be Filed on or before the Confirmation Date and which is referenced in the Lock-Up Agreement.
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Examples of Tranche B Revolving Credit Facility in a sentence

  • The Borrower shall repay the aggregate principal amount of all of itseach Swing Line Loans onLoan in full, in Cash, in immediately available funds on the earliest of (i) the funding date of any Tranche B Revolving Credit Borrowing (pursuant to Section 2.04(c) or otherwise) with the proceeds thereof, (ii) the date that is seven days after the date of such Swing Line Borrowing and (iii) the date that is five (5) Business Days prior to the Maturity Date for the Tranche B Revolving Credit Facility.

  • Upon execution and delivery of the Security Agreement Joinder and the Designation Certificates, the Obligations in respect of the Tranche A Revolving Credit Facility shall constitute “Priority Lien Obligations” (under and as defined in the Security Agreement) and the Obligations in respect of the Tranche B Revolving Credit Facility shall constitute “Pari Passu Payment Lien Obligations” (under and as defined in the Security Agreement).

  • The Tranche B Swingline Facility is not independent of the Tranche B Revolving Credit Facility.

  • On February 4, 2019, the Partnership entered into the Eighth Amendment and Wavier to Credit Agreement with, among other parties, certain funds affiliated with Axar Capital Management, LP (collectively, the “Axar Lenders”) pursuant to which, among other things, the Axar Lenders agreed to provide an up to $35.0 million bridge financing in the form of a Tranche B Revolving Credit Facility (the “Tranche B Facility”).

  • Within such limits and subject to the other terms and conditions of this Agreement, the Borrower may borrow, repay and reborrow under the Tranche B Revolving Credit Facility on a Business Day from the Closing Date until, but (as to borrowings and reborrowings) not including, the Tranche B Termination Date.

  • Each such reduction of the Facilities shall be applied ratably first to the Tranche A Revolving Credit Facility and second to the Tranche B Revolving Credit Facility.

  • For the avoidance of doubt, the Parent Borrower shall be permitted, at their selection, to permanently repay and terminate commitments of any Class of Tranche A Revolving Credit Facility and/or Tranche B Revolving Credit Facility on a better than a pro rata basis as compared to any other Class with a later maturity date than such Class.

  • Balance due on day of hire Damage deposit This damage deposit will be refunded within 14 days of the termination of the period of hire provided that no damage or loss has been caused to the premises and/or contents nor complaints made to us about noise or other disturbance during the period of the hiring as a result of the hiring.

  • This calculation will be applied as often as necessary until the Tranche A Revolving Credit Advance is apportioned among the relevant Tranche A Revolving Credit Lenders in a manner consistent with paragraph (B) above.(ii) Tranche B Revolving Credit Facility .

  • Notwithstanding anything herein to the contrary, in accordance with requirements of Section 2.16(b), all Borrowings under the Revolving Credit Commitments (i.e., the Tranche A Revolving Credit Facility and the Tranche B Revolving Credit Facility) prior to the Maturity Date with respect to the Tranche A Revolving Credit Facility shall be prepaid on a pro rata basis.


More Definitions of Tranche B Revolving Credit Facility

Tranche B Revolving Credit Facility means the facility described in Section 2.1(b) hereof providing for Loans to the Borrower by the Lenders in the aggregate principal amount of up to the Total Tranche B Commitment.
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Tranche B Revolving Credit Facility means the credit facility comprising the Tranche B Revolving Credit Commitments of all of the Tranche B Revolving Credit Lenders.
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Tranche B Revolving Credit Facility means the Tranche B Revolving Commitments and the extensions of credit hereunder by the Tranche B Revolving Lenders
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Tranche B Revolving Credit Facility means the Tranche B Revolving Loans participated in by the Tranche B Lenders to the Borrower pursuant to this Agreement and the other Loan Documents.
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Related to Tranche B Revolving Credit Facility

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

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

  • Refinancing Revolving Credit Commitments shall have the meaning provided in Section 2.14(h).

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • U.S. Revolving Credit Commitment means, (a) with respect to each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “US Revolving Credit Commitment” and (b) in the case of any Lender that becomes a Lender after the Closing Date, the amount specified as such Lender’s “US Revolving Credit Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the US Total Revolving Credit Commitment, in each case of the same may be changed from time to time pursuant to terms hereof. The aggregate amount of the US Revolving Credit Commitment as of the Closing Date is $100,000,000.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Revolving Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the Tranche B-1 Funding Date is $150,000,000.

  • Revolving Credit means the credit facility for making Revolving Loans and Swing Loans and issuing Letters of Credit described in Sections 1.2, 1.3 and 1.7 hereof.

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.