Tranche A Portion definition

Tranche A Portion means, (a) with respect to any Advance without reference to any Participant, the portion of such Advance equal to the Tranche A Proportionate Share of such Advance and (b) with respect to any Advance with reference to any Participant, the portion of such Advance equal to such Participant's Tranche A Percentage of such Advance.
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Tranche A Portion means the aggregate original principal amount of $7,000,000 in Secured Senior Convertible Promissory Notes originally issued by the Company on December 6, 2010 to the Lenders under this Agreement, which Secured Senior Convertible Promissory Notes were replaced by the Amended and Restated Notes on the closing of the transactions under the Second Amendment.
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Tranche A Portion means, (a) with respect to any Advance under a Facility without reference to any Participant, the portion of such Advance equal to the applicable Tranche A Proportionate Share of such Advance and (b) with respect to any Advance under a Facility with reference to any Participant, the portion of such Advance equal to such Participant's applicable Tranche A Percentage of such Advance.
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Examples of Tranche A Portion in a sentence

  • Each Advance shall consist of a Tranche A Portion, a Tranche B Portion and a Tranche C Portion.

  • For accounting purposes, the Tranche A Portion and Tranche B Portion of each Advance shall constitute debt and the Tranche C Portion shall constitute equity.

  • Each Participant's Proportionate Share of each Advance shall consist of such Participant's Tranche A Portion, Tranche B Portion and Tranche C Portion of such Advance.

  • Payment shall be credited (i) first to Costs (as defined below), if any, (ii) then to accrued interest due and payable on the Tranche B Portion, (iii) then to principal on the Tranche B Portion, (iv) then to accrued interest due and payable on the Tranche A Portion, and (iv) any remainder applied to principal on the Tranche A Portion.

  • Each Participant's Proportionate Share of each Advance under Facility 2 shall consist of such Participant's Tranche A Portion and Tranche B Portion of such Advance.

  • Subject to adjustments pursuant to Section 4.13 of this First Amendment, the parties hereto hereby agree that (i) the amount of the Borrowing Base shall be $200,000,000, (ii) the Tranche A Portion shall be $155,000,000, (iii) the Tranche B Portion shall be $45,000,000, and (iv) the Present Value for purposes of Section 9.01(d) shall be $525,000,000.

  • As of the Second Amendment Effective Date, and until such time as further changes are made pursuant to Section 2.07 of the Credit Agreement, the Tranche A Portion of the Borrowing Base shall be equal to $65,000,000 and the Tranche B Portion of the Borrowing Base shall be equal to $6,500,000.

  • The initial amount of the Tranche A Portion shall be $100,000,000 and the initial amount of the Tranche B Portion shall be $50,000,000.

  • For accounting purposes, the Tranche A Portion shall constitute debt and the Tranche B Portion shall constitute equity.

  • Any reduction in the Tranche A Portion or the Tranche B Portion shall be effected using the procedures set forth in Section 2.06(b)(ii) for reductions in the Aggregate Maximum Credit Amounts.


More Definitions of Tranche A Portion

Tranche A Portion means that portion of the Borrowing Base designated as such pursuant to Section 2.07 being in an amount equal to the then effective Borrowing Base minus the Tranche B Portion then in effect.
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Tranche A Portion means the portion of any Funding Amount to be funded by Tranche A Loans, as set forth in the LoanSchedule.
Sample 1
Tranche A Portion means, (a) with respect to the Acquisition Advance without reference to any Participant, the portion of the Acquisition Advance equal to the Tranche A Proportionate Share of the Acquisition Advance and (b) with respect to the Acquisition Advance with reference to any Participant, the portion of the Acquisition Advance equal to such Participant's Tranche A Percentage of the Acquisition Advance.
Sample 1
Tranche A Portion means, (a) with respect to any Advance without reference to any Participant, the portion of such Advance equal to the Tranche A Proportionate Share of such Advance and (b) with respect to any Advance with reference to any Participant, the portion of such Advance equal to such Participant's Tranche A Percentage of such Advance. "Tranche A Proportionate Share" shall mean (a) at any time prior to the Commitment Termination Date, eighty-nine and nine-tenths percent (89.9%) and (b) at any time on or after the Commitment Termination Date, eighty-three percent (83.0%). "Tranche B Participant" shall mean, at any time, any Participant having an Outstanding Tranche B Participation Amount at such time. "Tranche B Percentage" shall mean (a) with respect to each Participant at any time prior to the Commitment Termination Date, the percentage set forth under the caption "Tranche B Percentage" opposite such Participant's name in Part A(1) of Schedule I and (b) with respect to each Participant at any time on or after the Commitment Termination Date, the percentage set forth under the caption "Tranche B Percentage" opposite such Participant's name in Part A(2) of Schedule I; or in the case of either such percentage, if changed, such percentage as may be set forth for such Participant in the Register.. "Tranche B Portion" shall mean, (a) with respect to any Advance without reference to any Participant, the portion of such Advance equal to the Tranche B Proportionate Share of such Advance and (b) with respect to any Advance with reference to any Participant, the portion of such Advance equal to such Participant's Tranche B Percentage of such Advance. "Tranche B Proportionate Share" shall mean (a) at any time prior to the Commitment Termination Date, seven percent (7.0%) and (b) at any time on or after the Commitment Termination Date, thirteen and nine- tenths percent (13.9%). "Tranche C Participant" shall mean, at any time, any Participant having an Outstanding Tranche C Participation Amount at such time. "Tranche C Percentage" shall mean (a) with respect to each Participant at any time prior to the Commitment Termination Date, the percentage set forth under the caption "Tranche C Percentage" opposite such Participant's name in Part A(1) of Schedule I and (b) with respect to each Participant at any time on or after the Commitment Termination Date, the percentage set forth under the caption "Tranche C Percentage" opposite such Participant's name in Part A(2) of Schedule I; or...
Sample 1

Related to Tranche A Portion

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

  • Tranche A Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche A Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender's Tranche A Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Lenders' Tranche A Commitments is $50,000,000.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche A Note means a promissory note evidencing Tranche A Loans, substantially in the form of Exhibit B hereto.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Tranche 2 has the meaning set forth in Section 2.2(a)(ii).

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

  • Tranche A Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower on the Incremental Facilities Closing Date in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Tranche A Term Commitments is $20,000,000.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Tranche 1 January 1, 2015 through December 31, 2015, which is allotted 25% of the Target Award,

  • Active portion means that portion of a facility where treatment, storage, or disposal operations are being or have been conducted after May 19, 1980, and which is not a closed portion. (See also “closed portion” and “inactive portion.”)

  • Allocable Portion for purposes of this Plan, means (1) if there is one Distributor, all Earned Distribution and Earned Servicing Fees; or (2) if there are two or more Distributors, the portion of the Earned Distribution Fee and Earned Servicing Fee allocated to a Distributor in accordance with any allocation procedures to which each Distributor shall agree and which accurately allocates the Earned Distribution and Earned Servicing Fees among all Distributors in proportion to the outstanding New Class X Shares attributable to their respective efforts.

  • Pro Rata Portion means the ratio of (x) the Subscription Amount of Securities purchased on the Closing Date by a Purchaser participating under this Section 4.12 and (y) the sum of the aggregate Subscription Amounts of Securities purchased on the Closing Date by all Purchasers participating under this Section 4.12.

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

  • Tranche A has the meaning assigned in Section 2.1(c)(i).

  • Cash Portion is defined in Section 2.2(a)(iii) hereof.

  • Ratable Portion means, with respect to any Note, an amount equal to the product of (a) the amount equal to the net proceeds being so applied to the prepayment of Senior Indebtedness in accordance with Section 10.3(b), multiplied by (b) a fraction, the numerator of which is the outstanding principal amount of such Note, and the denominator of which is the aggregate principal amount of Senior Indebtedness of the Company and its Subsidiaries being prepaid pursuant to Section 10.3(b).

  • Tranche A Term Loan as defined in Section 2.1.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Tranche A Notes is defined in Section 1.1.

  • Final Payment Percentage is five percent (5.00%).

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Tranche A Lender means a Lender with a Tranche A Commitment or an outstanding Tranche A Term Loan.

  • Allocable Percentage means, on any date of determination thereof, a fraction the denominator of which shall be equal to the number of Borrowers who are parties to this Agreement on such date and the numerator of which shall be 1; provided, however, that such percentages shall be modified in the event that contribution from a Borrower is not possible by reason of insolvency, bankruptcy or otherwise by reducing such Borrower’s Allocable Percentage equitably and by adjusting the Allocable Percentage of the other Borrowers proportionately so that the Allocable Percentages of all Borrowers at all times equals 100%.