Facility B Tranche definition

Facility B Tranche means the part of the Total Facility B Commitment made available to the Borrowers in respect of the Acquisition of each of the Vessels, being an amount of up to USD 16,250,000 per Vessel.
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Facility B Tranche. 1 Issuing Bank means each Party identified in the recitals to this Agreement as a Facility B Tranche 1 Issuing Bank and any Facility B Lender which has become a Facility B Tranche 1 Issuing Bank pursuant to clause 5.12(a) (Appointment of additional Issuing Banks and Overdraft Banks) (and if there is more than one such Party, such Parties shall be referred to, whether acting individually or together, as the Facility B Tranche 1 Issuing Bank) provided that, in respect of a Credit Instrument issued or to be issued pursuant to the terms of this Agreement, the Facility B Tranche 1 Issuing Bank shall be the Facility B Tranche 1 Issuing Bank which has issued or agreed to issue that Credit Instrument under Facility B Tranche 1.
Sample 1
Facility B Tranche. 1 Overdraft Bank means each Party identified in the recitals to this Agreement as a Facility B Tranche 1 Overdraft Bank and any Facility B Lender which has become a Facility B Tranche 1 Overdraft Bank pursuant to clause 5.12(b) (Appointment of additional Issuing Banks and Overdraft Banks) (and if there is more than one such Party, such Parties shall be referred to, whether acting individually or together, as the Facility B Tranche 1 Overdraft Bank) provided that, in respect of a relevant Overdraft made available or agreed to be made available pursuant to the terms of this Agreement, the Facility B Tranche 1 Overdraft Bank shall be the Facility B Tranche 1 Overdraft Bank which has made available or agreed to make available that Overdraft Facility under Facility B Tranche 1.
Sample 1

Examples of Facility B Tranche in a sentence

  • The Borrowers shall repay the Facility B Tranches in one amount on the Termination Date applicable to the relevant Facility B Tranche.


More Definitions of Facility B Tranche

Facility B Tranche any C/D Tranche, Eurodollar Tranche or Money Market Tranche in respect of Facility B Revolving Credit Loans.
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Facility B Tranche. A Availability End Date" means November 30, 2006.
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Facility B Tranche. A Equipment Advance" or "Facility B Tranche A Equipment Advances" means any Facility B Equipment Advance(s) made under Facility B Tranche A.
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Facility B Tranche. B Availability End Date" means May 30, 2007. "Facility B Tranche B Equipment Advance" or "Facility B Tranche B Equipment Advances" means any Facility B Equipment Advances(s) made under Facility B Tranche B. "Letter of Credit Sublimit" means a sublimit for Letters of Credit under the Committed Line not to exceed (i) One Million Four Hundred Fifty Thousand Dollars ($1,450,000) through November 30, 2006 and (ii) Four Hundred Fifty Thousand Dollars ($450,000) thereafter.
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Related to Facility B Tranche

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Facility B Commitment means, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09, (b) assignments by or to such Lender pursuant to Section 9.04 and (c) Section 2.22. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment or in the supplement to this Agreement pursuant to which such Lender shall have provided an additional Facility B Commitment in accordance with Section 2.22, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Facility A Commitment means, with respect to any Lender, the principal amount set out beside such Lender's name in Schedule V with reference to Facility A, as amended from time to time, and to the extent not cancelled or terminated hereunder.

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Canadian Revolving Commitment means, with respect to each Revolving Lender, the commitment, if any, of such Revolving Lender to make Canadian Revolving Loans hereunder up to the amount set forth on Schedule I to the Lender Addendum executed and delivered by such Lender or in the Assignment and Assumption pursuant to which such lender assumed its Canadian Revolving Commitment. The Canadian Revolving Commitment of each Revolving Lender is a sub-commitment of its Revolving Commitment and, as such, may be (a) reduced from time to time pursuant to Section 2.07 and (b) reduced or increased from time to time pursuant to assignments by or to such Revolving Lender pursuant to Section 11.04. The aggregate amount of the Lenders’ Canadian Revolving Commitments on the Closing Date is $40 million.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being US$830,000,000 at the date of this Agreement.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender, the percentage of the total Revolving Facility Commitments represented by such Lender’s Revolving Facility Commitment. If the Revolving Facility Commitments have terminated or expired, the Revolving Facility Percentages shall be determined based upon the Revolving Facility Commitments most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Term B Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term B Commitments at such time and (b) thereafter, the aggregate principal amount of the Term B Loans of all Term B Lenders outstanding at such time.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Loan Tranche The Series 2007-2 Class 1A3 Notes will fund the Series 2007-2 AAA (Class 1A3) Loan Tranche which shall have the following terms:

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.