Tranche X definition

Tranche X means Tranche 3 if there are existing Tranche 2 Letters of Credit but not Tranche 3 Letters of Credit, Tranche 4 if there are existing Tranche 3 Letters of Credit but not Tranche 4 Letters of Credit, and so on in consecutive integral succession. The terms "Tranche X Bank", "Tranche X Letter of Credit Participating Interest Commitment", "Tranche X Letter of Credit Participating Interest Committed Amount" and "Tranche X Letter of Credit Participating Interest Percentage" shall have comparable meanings. The term "Tranche X Letter of Credit" shall have a comparable meaning, but such meaning shall be consistent with the following: (i) the term "Tranche 3 Letter of Credit" means each Letter of Credit which is issued prior to the third Special Expiration Date, but shall not include any such Letter of Credit as to which the L/C Termination Date has been extended to a date after the L/C Termination Date which was in effect on such third Special Expiration Date and shall not include any Tranche 1 Letter or Credit or any Tranche 2 Letter of Credit; (ii) the term "Tranche 4 Letter of Credit" means each Letter of Credit which is issued prior to the fourth Special Expiration Date, but shall not include any such Letter of Credit as to which the L/C Termination Date has been extended to a date after the L/C Termination Date which was in effect on such fourth Special Expiration Date and shall not include any Tranche 1 Letter of Credit, any Tranche 2 Letter of Credit or any Tranche 3 Letter of Credit; (iii) the terms "Tranche 5 Letter of Credit", "Tranche 6 Letter of Credit", and so on shall have comparable meanings (it being understood that a Letter of Credit can change from one Tranche to another as a result of an extension of its L/C Termination Date).
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Tranche X means Tranche 3 if there are existing Tranche 2 Letters of Credit but not Tranche 3 Letters of Credit, Tranche 4 if there are existing Tranche 3 Letters of Credit but not Tranche 4 Letters of Credit, and so on in consecutive integral succession. The terms "Tranche X Bank", "Tranche X Letter of Credit Participating Interest Commitment", "Tranche X LC Commitment Amount" and "Tranche X Letter of Credit Participating Interest Percentage" shall have comparable meanings. The term "Tranche X Letter of Credit" shall have a comparable meaning, but such meaning shall be consistent with the following: (i) the term "Tranche 3 Letter of Credit" means each Letter of Credit which is issued prior to the third Special Expiration Date, but shall not include any such Letter of Credit as to which the L/C
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Examples of Tranche X in a sentence

  • A loan consisting of simultaneous Tranche X Advances of -------------- the same Type made by the Tranche X Lenders.

  • Any Lender for which there is a percentage greater than ---------------- zero next to the heading "Tranche X Commitment Percentage" opposite its name or on the signature pages hereof or, if such Tranche X Lender has entered into an Assignment and Acceptance, in the Register maintained by the Administrative Agent pursuant to (S)12.07(c).

  • For any Tranche X Lender at any date, the Tranche X -------------------- Maximum Commitments as of such date, multiplied by such Tranche X Lender's Tranche X Commitment Percentage as of such date.

  • For any Tranche X Lender, the percentage ------------------------------- next to the heading "Tranche X Commitment Percentage" opposite its name on the signature pages hereof or, if such Lender has entered into an Assignment and Acceptance, in the Register maintained by the Administrative Agent pursuant to (S)12.07(c).

  • Any prepayment of Tranche X Advances or Tranche Z Advances pursuant to this (S)3.03 shall be applied to the reduction of the amounts by which such Advances are required to be repaid pursuant to (S)3.01(a) on the repayment dates next occurring after the date of such prepayment.

  • With respect to any Tranche X Lender, its Tranche X ---------- Commitment, with respect to any Tranche Y Lender, its Tranche Y Commitment and, with respect to any Tranche Z Lender, its Tranche Z Commitment.

  • With respect to Tranche X Loans, Tranche X Lenders, ----------------- with respect to Tranche Y Loans, Tranche Y Lenders and with respect to Tranche Z Loans, Tranche Z Lenders.

  • The proceeds of Tranche X Advances --------------- shall be available (and the Borrower shall use such proceeds) for the general corporate and working-capital purposes of the Borrower and its Subsidiaries, including the payment of interest hereunder.

  • With respect to any Tranche X Lender, its Tranche X Commitment ---------- and with respect to any Tranche Y Lender, its Tranche Y Commitment.

  • OMNIPOINT MB HOLDINGS, LLC By --------------------------------------- Title: Tranche X Commitment Percentage: 100% ERICSSON INC., as Administrative Tranche Y Commitment Percentage: 100% Agent and a Lender Domestic Lending Office and By --------------------------- -------------------------------------- LIBOR Lending Office: Title: -------------------- ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ Richardson, Texas 75081 Attn: Vice President-Finance (fax no.