New Tranche B Loan definition

New Tranche B Loan has the meaning set forth in the second recital hereto. "Pledged Stock" means the shares of Capital Stock of the Issuer described on Annex A hereto, and any shares of Capital Stock of the Issuer at any time issued in respect of the Capital Stock described on Annex A hereto. "Pledgee" has the meaning set forth in the first paragraph hereof. "Pledgor" has the meaning set forth in the first paragraph hereof. "Proceeds" has the meaning given such term in the UCC. "Secured Obligations" has the meaning set forth in Section 1 hereof. "Securities Act" means the Securities Act of 1933, as amended and as in effect from time to time. "UCC" means the Uniform Commercial Code as in effect in the State of New York from time to time. "Utility Stock Pledge Agreement (65%)—Continued Tranche B Loan" means the Utility Stock Pledge Agreement (65%)—Continued Tranche B Loan, dated as of the date hereof, among the parties hereto, pursuant to which 65% of the common stock of the Issuer is being pledged to secure Obligations relating to the Continued Tranche B Loan. "Utility Stock Pledge Agreement (65%)—New Tranche B Loan" means the Utility Stock Pledge Agreement (65%)—New Tranche B Loan, dated as of the date hereof, among the parties hereto, pursuant to which 65% of the common stock of the Issuer is being pledged to secure the Secured Obligations. "Utility Stock Pledge Agreement (35%)—Continued Tranche B Loan" means the Utility Stock Pledge Agreement (35%)—Continued Tranche B Loan, dated as of the date hereof, among the parties hereto, pursuant to which the Collateral is being pledged to secure Obligations relating to the
Sample 1
New Tranche B Loan means (a) each New Tranche B Loan made by the Tranche B Lenders to the Borrower pursuant to Section 2.01 of Appendix 2 of the Credit Agreement prior to the Twelfth Amendment Effective Date and (b) the Incremental Tranche B Loan made by Tranche B Lender on the Twelfth Amendment Effective Date.
Sample 1
New Tranche B Loan has the meaning assigned to such term in the Existing Credit Agreement, in effect immediately before giving effect to this Agreement.
Sample 1

Examples of New Tranche B Loan in a sentence

  • It is the intention of the parties hereto and thereto that the security interest and lien created hereby shall be a separate security interest and lien from that created by the Utility Stock Pledge Agreement (65%)-- - -New Tranche B Loan, and that the security interest and lien created hereby shall be equal in priority to that created by the Utility Stock Pledge Agreement (65%)-- - -New Tranche B Loan.

  • The failure of any Tranche B Lender to make any New Tranche B Loan shall not in itself relieve any other Tranche B Lender of its obligation to lend hereunder (it being understood, however, that no Tranche B Lender shall be responsible for the failure of any other Tranche B Lender to make any New Tranche B Loan required to be made by such other Tranche B Lender).

  • Subject to the terms and conditions set forth herein, each Tranche B Lender with a Tranche B Commitment hereunder agrees to make a New Tranche B Loan to the Borrower on the Eighth Amendment Effective Date in a principal amount equal to its Tranche B Commitment listed on Schedule 1-B attached hereto, which amount shall be made available to the Administrative Agent in immediately available funds in accordance with Appendix 2 to the Credit Agreement and the Credit Agreement (as amended hereby).

  • Not later than 1:00 P.M., Chicago time, on the New Tranche B Term Loan Borrowing Date, each Tranche B Term Loan Lender that has a New Tranche B Loan Commitment shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the New Tranche B Term Loan to be made by such Lender on such date.

  • The Borrower shall have duly authorized, executed and delivered a Note for the Continued Tranche B Loan and the New Tranche B Loan (as applicable) of such Lender.

  • For the avoidance of doubt, the aggregate principal amount of the Continued Tranche B Loan and the New Tranche B Loan outstanding on the Escrow Release Date (after giving effect to the release of funds from the Tranche B Escrow Account on the Escrow Release Date, but without giving effect to any pay-in-kind interest pursuant to Section 2.5(g)) shall be $420,000,000 and $300,000,000, respectively.

  • For purposes of this paragraph (g), the Escrow Release Date shall be deemed to be an Interest Payment Date in respect of the New Tranche B Loan, and pay-in- kind interest in respect of the New Tranche B Loan shall accrue from the Closing Date.

  • After giving effect to the borrowing of the New Tranche B Loan on the Closing Date, the Borrower will be Solvent.

  • The New Tranche B Lenders hereby authorize and direct the Collateral Agent to request such withdrawal under the Tranche B Interest Reserve Account Control Agreement (New Tranche B Loan) and to pay such interest.

  • Anything to the contrary in this Agreement notwithstanding, all proceeds of the Tranche B Escrow Account (including all substitutions and replacements therefor) shall be applied solely to the New Tranche B Loan ratably among the New Tranche B Lenders according to the respective outstanding principal amounts of the New Tranche B Loan held by the New Tranche B Lenders, and shall not be shared with the Continued Tranche B Lenders on account of the Continued Tranche B Loan.


More Definitions of New Tranche B Loan

New Tranche B Loan means the Utility Stock Pledge Agreement (65%)—New Tranche B Loan, dated as of the date hereof, among the parties hereto, pursuant to which 65% of the common stock of the Issuer is being pledged to secure the Secured Obligations. "Utility Stock Pledge Agreement (35%)—Continued Tranche B Loan" means the Utility Stock Pledge Agreement (35%)—Continued Tranche B Loan, dated as of the date hereof, among the parties hereto, pursuant to which the Collateral is being pledged to secure Obligations relating to the
Sample 1

Related to New Tranche B Loan

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

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.

  • Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • 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.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

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

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • 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.

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

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche B Term Loan as defined in Section 2.1.

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

  • Term B Loan Commitment means the obligation of the Term B Lenders to make a Term B Loan on the Closing Date in an aggregate principal amount equal to $850,000,000. The Term B Loan Commitment on the Closing Date is $850,000,000.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Tranche C Lender means a Lender with a Tranche C Commitment or an outstanding Tranche C Term Loan.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.