Tranche E definition

Tranche E means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche E Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche E” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche E Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.

Tranche E. That part of the Facility granted to the Borrower pursuant to Clause 2.1.2 (Granting of the Facility).

Tranche E means the amount of up to USD25,000,000, being the aggregate of all of the Advances to be made available by the Lender to the Borrowers to assist Kos in its acquisition of Vessel E or, as the context requires, the amount thereof outstanding from time to time;

Examples of Tranche E in a sentence

• DIGICEL INTERNATIONAL FINANCE LIMITED, as Borrower By: /s/ Xxxxxxx Xxxxxxx Name: Xxxxxxx Xxxxxxx Title: Authorized Signatory By: /s/ Xxxx XxXxxxx Name: Xxxx XxXxxxx Title: Authorized Signatory [Tranche E (Euro) Credit Agreement] CITIBANK, N.A., as Administrative Agent By: /s/ D.

• Unless otherwise defined herein, terms defined in the Tranche E (Euro) Credit Agreement and used herein shall have the meanings given to them in the Tranche E (Euro) Credit Agreement.

• The Interest Periods relating to Advances under Tranche E will be of one (1), three (3) or six (6) months duration at the option of the Borrower (or such shorter period as is required in order for the Interest Periods of the Advances under Tranche E to end on the Scheduled First Repayment Date).

• The Borrower may, subject to paying Breakage Costs, where applicable, at any time following the Scheduled First Repayment Date, by submitting at least fifteen (15) Business Days in advance a written and irrevocable notice thereof, repay on a Repayment Date any outstanding amounts under Tranche E in whole or in part.

More Definitions of Tranche E

Tranche E means that part of the Loan made or to be made available to the Borrowers to finance up to the lower of (i) 60 per cent. of the Fair Market Value of Ship E or (ii) 65 per cent. of the Contract Price of Ship E.

Tranche E means that part of the Loan, up to the Maximum Tranche E Amount, to be advanced to the Borrowers for the purpose of refinancing part of the Existing Indebtedness pursuant to the Existing Loan Agreement, or when the context permits, the amount advanced and for the time being outstanding.

Tranche E means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche E Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche E” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche E Commitment, as adjusted from time to time pursuant to the terms hereof.

Tranche E has the meaning given to it in the introduction to this agreement.

Tranche E means that part of the Loan to be made available to the Borrowers to refinance the Existing Indebtedness relating to Ship E in a principal amount not exceeding the lesser of (i) $12,750,000 and (ii) 45 per cent. of the Initial Market Value of Ship E.

Tranche E means that part of the Loan to be advanced in one Drawing to the Borrower either concurrently with the Delivery Date of Vessel E or, if the relevant Collateral Owner has already purchased Vessel E from the relevant Seller, to refinance the Purchase Price of Vessel E, but in any event no later than the Availability Termination Date which shall not exceed the Maximum Sum for Vessel E in connection with the purchase of Vessel E or, where the context permits, the amount advanced and for the time being outstanding.

Tranche E that portion of the Loan advanced from time to time by Lender to Borrower under this Agreement after the Effective Date, together with that portion of the Loan consisting of Tranche D (9/14 Letter Agreement) and which at all times after the Effective Date will be referred to in Lender's internal records as "Note 9008".