Term B Debt definition

Term B Debt means the Term B Loans, as such term is defined in the Term Credit Agreement, outstanding under the Term Credit Agreement.
Sample 1Sample 2Sample 3
Term B Debt means the “Obligations” as defined in the Term B Credit Agreement.
Sample 1Sample 2
Term B Debt means (a) theany Incremental Term B Loans, (b) any Incremental Term B Loans, (c) any term B loan tranche of Permitted Refinancing Term Loans (as determined by the Administrative Agent and the Borrower, taking into account maturity, amortization and applicable rates with respect thereto) and (dc) Incremental Equivalent Debt in the form of a term B loan facility (as determined by the Administrative Agent and the Borrower, taking into account maturity, amortization and applicable rates with respect thereto), in each case, that is secured on a pari passu basis with the Liens securing the Term Loans and Revolving Credit Facility on the Closing Date.
Sample 1

Examples of Term B Debt in a sentence

  • All of the representations and warranties of the US Borrowers in the Term B Debt Documents are true and correct in all material respects.

  • The Administrative Agent shall have received true and correct copies of (i) the Initial Financial Statements and (ii) the projections prepared by management of balance sheets, income statements and cashflow statements of the Borrower and its Subsidiaries, after giving effect to the extension of the Term B Debt, covering the first four full years after the Effective Date.

  • The Administrative Agent shall have received a compliance certificate in form acceptable to the Administrative Agent and executed a Responsible Officer of the Borrower and reflecting a Leverage Ratio as of the last day of the most recently ended fiscal quarter prior to the Effective Date for which financial statements are available, calculated giving pro forma effect to the Augusta Drop Down and incurrence of Term B Debt, of no greater than 3.50 to 1.00.

  • The transactions contemplated by the Term B Debt Documents will be, contemporaneously with the Closing Date, consummated in accordance with their respective terms.

  • Promptly provide Administrative Agent with true and complete copies of any and all material documents and other material information delivered by or to any US Loan Party pursuant to the terms of the Term B Debt Documents, except any such documents or other information otherwise required to be delivered hereunder.

  • Borrowers have delivered to Administrative Agent true and correct copies of the Term B Debt Documents.

  • The Administrative Agent shall have received a Compliance Certificate in form acceptable to the Administrative Agent and executed a Responsible Officer of the Borrower and reflecting compliance with the covenants in Sections 6.16, 6.17, and 6.18 as of the last day of the most recently ended fiscal quarter prior to the Effective Date for which financial statements are available, calculated giving pro forma effect to the extension of the Term B Debt.

  • The Administrative Agent shall have received true and correct copies of (i) the Initial Financial Statements, (ii) the Pro Forma Financial Statements and (iii) the projections prepared by management of balance sheets, income statements and cashflow statements of the Borrower and its Subsidiaries, after giving effect to the Augusta Drop Down and incurrence of Term B Debt, covering the first four full years after the Effective Date.

  • Use the proceeds of the Term Loan A for any purpose other than, together with the proceeds of Advances and the Term B Debt, to repay in full the outstanding principal, accrued interest, and accrued fees and expenses evidenced by the Indenture.


More Definitions of Term B Debt

Term B Debt means (a) the Loans (as defined in the Term Loan Credit Facility) and any guarantees thereof that are secured equally and ratably with the Term B Obligations by a Priority Lien that is permitted to be incurred and so secured under the terms of each applicable Priority Lien Document. and (b) Debt under any other Term B Credit Facility and any guarantees thereof that are permitted to be incurred and so secured under the terms of each applicable Priority Lien Document; provided, in the case of this clause (b), that
Sample 1
Term B Debt means the Indebtedness of US Loan Parties in a maximum principal amount of $35,000,000 plus protective advances (and capitalized interest, fees, costs and other amounts) incurred pursuant to the terms of the Term B Debt Documents.
Sample 1

Related to Term B Debt

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Term B Loans means the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a) and any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

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

  • Term B Loan Maturity Date means December 15, 2006 or such earlier date as the outstanding Term B Loan shall have been reduced to $0 pursuant to this Agreement.

  • Term B Commitment means, as to each Term B Lender, its obligation to make Term B Loans to the Borrower pursuant to Section 2.1(c) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term B Lender’s name on Schedule 2.1 under the caption “Term B Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term B Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term B Lender means, at any time, any Lender that has a Term B Commitment or a Term B Loan at such time.

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Term Commitments means an Initial Term Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

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

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term B-1 Lender means, at any time, any Lender that has a Term B-1 Commitment or a Term B-1 Loan at such time.

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Term Loans as defined in Section 2.1.

  • Term A Commitment means, as to each Term A Lender, its obligation to make Term A Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan A Maturity Date means the earliest of (a) May 24, 2012, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Term B Borrowing means any Borrowing comprised of Term B Loans.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B-1 Loans, the Term B-1 Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Term Commitment means, as to each Term Lender, its obligation to make Term Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under the caption “Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.