Term B-1 Lenders definition

Term B-1 Lenders means the Lenders of the Term B-1 Loans.

Term B-1 Lenders means, collectively, the Term B-1 Dollar Lenders and the Term B-1 Euro Lenders.

Term B-1 Lenders means each Term Lender with an Additional Initial Term B-1 Commitment, an Additional Incremental Term B-1 Commitment, a Fourth Incremental Commitment or an outstanding Initial Term B-1 Loan, including each Person identified in Schedule 1.01(A) under the captions “Additional Initial Term B-1 Commitments”, “Additional Incremental Term B-1 Commitments” and “Fourth Incremental Term Commitment” (as amended pursuant to the terms of Amendment No. 8).

Examples of Term B-1 Lenders in a sentence

• Notwithstanding the foregoing, the amendments effected hereby shall not become effective, and the obligations of the Additional Term B-1 Lenders hereunder to make Additional Term B-1 Loans will automatically terminate, if each of the conditions set forth or referred to in this Article II has not been satisfied at or prior to 5:00 p.m., New York City time, on March 21, 2011.

• Notwithstanding the foregoing, the amendments effected hereby shall not become effective, the obligations of the Additional Euro Term B-1 Lenders to make Additional Euro Term B-1 Loans will automatically terminate, if each of the conditions set forth or referred to in this Section 3 has not been satisfied at or prior to 5:00 p.m., New York City time, on September 22, 2016.

• The Borrower shall pay to the U.S. Term B-1 Lenders immediately prior to the effectiveness of Amendment No. 3 all accrued and unpaid interest on the U.S. Term B-1 Loans to, but not including, the Amendment No. 3 Effective Date on such Amendment No. 3 Effective Date.

• The aggregate amount of the Additional Term B-1 Commitments of all Additional Term B-1 Lenders shall equal the outstanding aggregate principal amount of Non-Exchanged Term B Loans less the Term Facility Reduction Amount.

• In connection with the closing of the Codecademy acquisition, Skillsoft Finance II entered into Amendment No. 1 to the Credit Agreement, dated as of April 4, 2022 (the “First Amendment”), among Skillsoft Finance II, Holdings, certain subsidiaries of Skillsoft Finance II, as guarantors, Citibank N.A., as administrative agent, and the financial institutions parties thereto as Term B-1 Lenders, which amended the Credit Agreement, as amended by the First Amendment, the “Amended Credit Agreement”.

More Definitions of Term B-1 Lenders

Term B-1 Lenders the Persons holding Term B-1 Loans immediately prior to the occurrence of the Amendment No. 3 Effective Date.

Term B-1 Lenders means, as of any date of determination, Lenders having a Term B-1 Loan Commitment.

Term B-1 Lenders means a Lender with an outstanding Term B-1 Loan and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, an Incremental Facility Amendment in respect of any Term B-1 Loans, Loan Modification Agreement or a Refinancing Amendment in respect of any Term B-1 Loans, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

Term B-1 Lenders means the persons listed on Schedule 1 hereto (other than any such person that has ceased to be a party hereto pursuant to an Assignment and Acceptance in accordance with Section 9.04 of the Credit Agreement), as well as any person that becomes a “Term B-1 Lender” hereunder pursuant to Section 9.04 of the Credit Agreement.

Term B-1 Lenders means each Term Lender with an Additional Term B-1 Commitment or an Incremental Term B-1 Commitment or an outstanding Term B-1 Loan (including, for the avoidance of doubt, the Incremental Term B-1 Loans), including each Additional Term B-1 Lender and each Incremental Term B-1 Lender.

Term B-1 Lenders means each of the financial institutions from time to time party to this Agreement holding a Term B-1 Loan and individually each a “Term B-1 Lender.”

Term B-1 Lenders the Dollar Term B-1 Lenders and the Euro Term B-1 Lenders.