Examples of Tranche A Outstandings in a sentence
If the aggregate outstanding amount of the Intercompany Financings is lower than the outstanding Loans under the Facility, the Borrower shall prepay the difference amount (such difference amount to be calculated as the difference between the aggregate of the Tranche A Outstandings and the Tranche B Outstandings under the Facility and all outstanding amounts under the Intercompany Financings).
The Total Revolving Tranche B Outstandings shall be repaid in full prior to any principal reductions on the Total Revolving Tranche A Outstandings.
If on the Conversion Commitment Date AEF determines that the Customer has not satisfied all applicable Conversion Conditions and Tranche B Conditions Precedent, the Tranche A Outstandings shall not convert to a Tranche B Loan and shall become due and payable by the Customer in accordance with Section 2.05(b).
If the Tranche A Outstandings of the Customer are not converted to a Tranche B Loan, the Conversion Commitment shall be automatically reduced to zero on the earlier of the date of Launch or the last day of the Tranche A Period.
After giving effect to the Loans or Letters of Credit requested to be made or Issued on any such date and the use of proceeds thereof, (i) the Tranche A Outstandings shall not exceed the Maximum Tranche A Credit at such time and (ii) the Tranche A-1 Outstandings shall not exceed the Maximum Tranche A-1 Credit at such time.