Tranche C means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche C Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche C” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche C Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.

Tranche C means up to the amount by which the Hermes Insurance Premium is increased after the date on which the seventy five per cent (75%) of the amount of the Hermes Insurance Premium is paid by the Hermes Agent to Hermes or the Equivalent Amount thereof to be paid to the Hermes Agent for on-payment to Hermes to be advanced by the Lenders on a Drawdown Date by way of their Contributions thereto PROVIDED THAT the amount of this Tranche and the amount of Tranche A and Tranche B shall not when aggregated exceed eighty per cent (80%) of the Hermes Premium;

Tranche C means the amount of up to USD25,000,000, being the aggregate of all of the Advances to be made available by the Lender to the Borrowers to assist Syros in its acquisition of Vessel C or, as the context requires, the amount thereof outstanding from time to time;

Examples of Tranche C in a sentence

Company may make only one borrowing under the Tranche C Term Loan Commitment which shall be on the First Amendment Effective Date.
For all other purposes with respect to each Lender, " Pro Rata Share" means the percentage obtained by dividing (a) an amount equal to the sum of the Tranche C Term Loan Exposure, the Revolving Exposure and the New Term Loan Exposure of that Lender, by (b) an amount equal to the sum of the aggregate Tranche C Term Loan Exposure, the aggregate Revolving Exposure and the aggregate New Term Loan Exposure of all Lenders.
The issuance of the New Common Interests (including the Tranche C Commitment Equity) shall be hereby authorized without the need for any further corporate action or without any further action by the holders of Claims or Interests.
Section 10.6(c) of the Credit Agreement is hereby amended by replacing the reference to "Tranche B Term Loan" contained in clause (ii) thereof with a reference to "Tranche C Term Loan".
Each Lender shall make its Tranche C Term Loan (and not its Converted Term Loan), as the case may be, available to Administrative Agent not later than 10:00 a.m. (New York City time) on the First Amendment Effective Date, by wire transfer of same day funds in Dollars, at Administrative Agent's Principal Office.

More Definitions of Tranche C

Tranche C means the aggregate of the Tranche C Commitments.

Tranche C has the meaning specified in Section 2.01(c).

Tranche C means that part of the Loan made or to be made available to the Borrowers to finance up to 65 per cent. of the Fair Market Value of Ship C.

Tranche C means, at any time, all Tranche C Collateral Loans at such time.

Tranche C. That part of the Facility granted to the Borrower pursuant to Clause 2.1.1(c) (Granting of the Facility).

Tranche C is defined in Section 2.1.1(a) hereof.