Tranche B Loan definition

Tranche B Loan has the meaning specified in Section 2.01(b).

Tranche B Loan means a Loan under the Tranche B Facility and identified as such in its Request.

Tranche B Loan means the Loans made pursuant to the Tranche B Commitment.

Examples of Tranche B Loan in a sentence

• The Tranche B Commitment of each Tranche B Lender shall be reduced to zero upon the funding of the Tranche B Loan on the Effective Date.

• The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders of the same Class comprising such Borrowing, and the Tranche A Loans, Tranche B Loan and Tranche C Loan, as the case may be, comprising each such Type shall be considered a separate Borrowing.

• To request the Borrowing of the Tranche B Loan, the Borrower shall notify the Administrative Agent of such request by telephone (x) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing and (y) in the case of an ABR Borrowing, not later than 12:00 noon, New York City time on the date of the proposed Borrowing.

• The Borrower shall deliver to the Lender a Borrowing Notice (which Borrowing Notice must be received by the Lender prior to 10:00 a.m. (New York City time) on the anticipated Closing Date) requesting that the Lender make the Tranche B Loan on the Closing Date, which Borrowing Notice shall specify (A) the amount of the Tranche B Loan requested from the Lender and (B) the amount of loans concurrently requested by Chrysler Canada under the Canadian Facility Agreement.

• Borrowers may from time to time request a Loan under Section 2(a) by providing Lender with a borrowing request in writing (or as otherwise agreed between Borrowers and Lender) specifying (i) the amount of the requested Loan, (ii) the requested date thereof, which shall be a Business Day, (iii) the intended use of the Loan’s proceeds and (iv) whether the Loan is a Tranche A Loan or a Tranche B Loan.

More Definitions of Tranche B Loan

Tranche B Loan means an extension of credit by a Lender to TCCI under Article II and shall, unless the context otherwise requires, be deemed to include Drafts accepted or purchased by any such Lender, and BA Equivalent Notes issued to such Lender in exchange for Drafts, including a Loan converted to a term Loan pursuant to Section 2.13(c). Tranche B Loans may be denominated in Canadian Dollars (as Canadian Prime Rate Loans, Bankers’ Acceptances, Drafts or BA Equivalent Notes), US Dollars (as Base Rate Loans or Eurocurrency Rate Loans) or any Alternative Currency (as Eurocurrency Rate Loans).

Tranche B Loan means a Loan granted to Borrower by the Banks in accordance with Section 2.1B hereof.

Tranche B Loan means the loans and advances made by the Tranche B Lenders pursuant to this Agreement, including a Loan made pursuant to Section 2.01(c).

Tranche B Loan means each loan made by a Lender to the Borrowers from time to time pursuant to its Tranche B Commitment in accordance with Sections 2.1.2 and 2.3.

Tranche B Loan means an extension of credit by a Lender to TCCI under Article II in the form of a Committed Loan. Tranche B Loans may be denominated in Canadian Dollars (as Canadian Prime Rate Loans or Term Rate Loans), US Dollars (as Base Rate Loans or Term Rate Loans), Euros (as Term Rate Loans) or Sterling (as SXXXX Loans).

Tranche B Loan means a Loan made pursuant to clause (b) of Section 2.01.

Tranche B Loan means, with respect to a Tranche B Lender, any Loan made by such Tranche B Lender pursuant to Article II (or any conversion or continuation thereof).