Examples of Tranche A Amount in a sentence
Payable in arrears and fully earned on the first day of each month during the term of this Agreement, (i) for the ratable benefit of the Tranche A Lenders, an unused line fee in an amount equal to 0.5% per annum times the Average Unused Portion of the Maximum Tranche A Amount, and (ii) for the ratable benefit of the Tranche B Lenders, an unused line fee in an amount equal to 0.5% per annum times the Average Unused Portion of the Maximum Tranche B Amount.
The aggregate amount of Tranche A Revolving Credit Advances outstanding shall not exceed at any time the lesser of (A) the Maximum Tranche A Amount and (B) the Tranche A Borrowing Base, in each case less the sum of the Letter of Credit Obligations and the Swing Line Loan outstanding at such time ("Tranche A Borrowing Availability").
Subject to the terms and conditions set forth in this Agreement, each Lender severally agrees to make Tranche A Loans to the Borrowers from time to time during the period from and including the Closing Date to but excluding the Commitment Termination Date; provided that, immediately after each such Tranche A Loan is made, such Lender's Outstanding Tranche A Amount shall not exceed its Tranche A Commitment.
Following the issuance of any Bonds, the Borrower shall apply the amount equal to the excess of (i) the net proceeds of the Bonds issued on such date over (ii) the Cancelled Undrawn Amount relating to such issuance, to mandatory prepayment of the outstanding Tranche B Amount (without prepaying the Tranche A Amount).
Such notice shall set forth (i) the amount of the Incremental Tranche A Commitments being requested (which shall be in minimum increments of $1,000,000 and a minimum amount of $5,000,000 or such lesser amount equal to the remaining Incremental Tranche A Amount) and (ii) the date on which such Incremental Tranche A Commitments are requested to become effective.