Tranche D definition

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

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Tranche D 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 D and for general corporate and working capital purposes in a principal amount not exceeding 58 per cent. of the Fair Market Value of Ship D.

Tranche D 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 Ikaria in its acquisition of Vessel D or, as the context requires, the amount thereof outstanding from time to time;

Examples of Tranche D in a sentence

Consequently, as of the first Sustainability Margin Adjustment Effective Date following the date of this Agreement the Margin shall be (i) in the case of Tranche A or Tranche B, either 2.45% per annum or 2.55% per annum, (ii) in the case of Tranche C, either 2.60% per annum or 2.70% per annum, (iii) in the case of Tranche D , either 2.05% per annum or 2.15% per annum and (iv) in respect of Tranche E, either 1.90% per annum or 2.00% per annum.
That payment shall be made in the case of (1) Tranche A, Tranche B and Tranche C to the Lender in repayment of the Existing Indebtedness, (2) in case of Tranche E to the account the Borrowers may specify in the relevant Utilisation Request and (3) in the case of Tranche D, to the designated escrow holder and any surplus shall be paid to the Borrowers in the account designated by them in the relevant Utilisation Request.

More Definitions of Tranche D

Tranche D has the meaning assigned in Section 2.1(c)(i).

Tranche D means that part of the Loan, up to the Maximum Tranche D Amount, to be advanced to the Borrowers for the purpose of refinancing part of the Existing Indebtedness pursuant to the Existing Loan Agreement, or when the context permits, the amount advanced and for the time being outstanding.

Tranche D means that part of the Loan made or to be made available to the Borrower D to finance part of the Purchase Price of Ship D in a principal amount of US$16,000,000 (representing 80 per cent. of that Purchase Price).

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

Tranche D means a part of the Loan granted to the Borrower under the terms and conditions hereof in an amount of RUB 1,000,000,000 (one billion Rubles).

Tranche D has the meaning given to it in the introduction to this agreement.

Tranche D means an amount of up to $50,000,000 to be made available in accordance with the applicable provisions of this Agreement and which is to be applied in providing the Borrower with liquidity for its general corporate purposes;