Tranche B Facility definition

Tranche B Facility means the aggregate of the Tranche B Commitments.

Tranche B Facility means, at any time, the aggregate amount of the Tranche B Lenders’ Tranche B Revolving Credit Commitments at such time.

Tranche B Facility or “Tranche B” means the aggregate of the Tranche B Commitments.

Examples of Tranche B Facility in a sentence

• Additionally, the Exit Facility Documents shall provide that Tranche A Facility Notes shall have priority over the Tranche B Facility Notes, which shall have priority over the Tranche C Facility Notes.

• Tranche B Facility is short-term working capital loan facility of Baht 120 million in the form of promissory notes, bank overdrafts and letters of credit.

• For Tranche B Facility, interest is levied at a floating interest rate of six-month JPY TIBOR plus 150 basis points per annum.

• Without limiting the generality of the foregoing, the Administrative Agent may require that (x) any payment by any Borrower due under this Agreement, other than any payment to be made in respect of the Tranche B Facility, be made in the United States and (y) any payments to be made by TCCI in respect of the Tranche B Facility be made in Canada.

• The Tranche B Facility is a non-revolving capital expenditure loan facility on which draws may occur no more than once per fiscal quarter in an amount of up to 75% of allowable capital expenditure costs incurred.

More Definitions of Tranche B Facility

Tranche B Facility means the Tranche B Revolver Commitments of the Tranche B Revolving Lenders and the Tranche B Revolving Loans pursuant to those Tranche B Revolver Commitments resulting from a Tranche B Exchange Offer, if any.

Tranche B Facility means at any time, (a) on or prior to the Effective Date, the aggregate amount of the Tranche B Commitments at such time and (b) thereafter, the aggregate principal amount of the Tranche B Loans of all Tranche B Lenders outstanding at such time.

Tranche B Facility means, at any time, the aggregate principal amount of Tranche B Loans outstanding at such time.

Tranche B Facility means, collectively, the Tranche B Commitment and the extensions of credit made thereunder.

Tranche B Facility means the HK dollar term loan facility granted to the Company under Clause 3.1.2 (Grant of Hotel Base Debt Facilities).

Tranche B Facility means the financing available under the Tranche B Commitments.

Tranche B Facility means the Facility providing for the Tranche B Commitment and the Tranche B Loans.