Tranche C definition
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 aggregate of the Tranche C Commitments.
Examples of Tranche C in a sentence
Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares 14 $7.15 for the Tranche A Warrant and $9.30 for the Tranche B and Tranche C Warrants.
It understands that the Warrant Shares have not been registered under the Securities Act or applicable state and other securities laws and are being issued by reason of a specific exemption from the registration provisions of the 18 December 31, 2024 for Tranche A and Tranche B Warrants; May 14, 2025 for Tranche C Warrants.
More Definitions of Tranche C
Tranche C means that part of the Loan made or to be made available to the Borrowers to enable the Borrowers to refinance the Existing Indebtedness in relation to Ship C and for general corporate and working capital purposes in a principal amount not exceeding 58 per cent. of the Fair Market Value of Ship C.
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 Borrower C to finance part of the Purchase Price of Ship C in a principal amount of US$15,200,000 (representing 80 per cent. of that Purchase Price).
Tranche C means, at any time, all Tranche C Collateral Loans at such time.
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;
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 Antiparos in its acquisition of Vessel C or, as the context requires, the amount thereof outstanding from time to time;
Tranche C. That part of the Facility granted to the Borrower pursuant to Clause 2.1.1(c) (Granting of the Facility).