Tranche One Revolving Loans definition

Tranche One Revolving Loans means Loans made by the Tranche One Lenders pursuant to Section 2.01(a). Each Tranche One Revolving Loan denominated in US Dollars shall be a LIBOR Loan or, solely in the case of a Tranche One Revolving Loan denominated in US Dollars and made to the Company, a US Borrowing Subsidiary or a Canadian Borrowing Subsidiary, an ABR Loan. Each Tranche One Revolving Loan denominated in Canadian Dollars shall either be a CDOR Loan or a Canadian Prime Rate Loan. Each Tranche One Revolving Loan denominated in Sterling or an Alternative Currency shall be a LIBOR Loan. Each Tranche One Revolving Loan denominated in Euros shall be a EURIBOR Loan.

Examples of Tranche One Revolving Loans in a sentence

  • Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Tranche One Revolving Loans and sell and pay drafts drawn as B/As.

  • Within the foregoing limits and subject to the terms and conditions set forth herein, each Borrower may borrow, prepay and reborrow Tranche One Revolving Loans.

  • Each Tranche One Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrowers pursuant to this subsection (a) from time to time during the Tranche One Revolving Credit Period; provided that, immediately after each such loan is made, the aggregate outstanding principal amount of the Tranche One Revolving Loans held by such Lender shall not exceed its Tranche One Commitment.

  • Within the foregoing limits, and subject to Sections 2.07 and 2.08, the Borrowers may borrow under this subsection (a), prepay Tranche One Revolving Loans to the extent permitted by Section 2.09 and reborrow at any time during the Tranche One Revolving Credit Period under this subsection (a).

Related to Tranche One Revolving Loans