Term B-1 Loans. Subject to the terms and conditions set forth herein and Amendment No. 1, each Term B-1 Lender with an Term B-1 Commitment severally agrees to make to the Borrower a single loan denominated in Dollars in a principal amount equal to such Term B-1 Lender’s Term B-1 Commitment on the Amendment No. 1 Effective Date. Amounts borrowed under this Section 2.01(a)(ii) and repaid or prepaid may not be reborrowed. Term B-1 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. For all purposes of the Loan Documents, Term B-1 Loans shall be fungible with, and have the same terms as, the Initial Term Loans.
Term B-1 Loans. Immediately after the effectiveness of the First Amendment, each Lender having a Term B-1 Commitment severally agrees to make a Term B-1 Loan to the Borrower, which Term B-1 Loans shall not exceed, for any such Lender, the Term B-1 Commitment of such Lender. Such Term B-1 Loan (i) shall be made on the First Amendment Effective Date immediately after the effectiveness of the First Amendment, (ii) may, at the option of the Borrower, be incurred and maintained as, and/or converted into, ABR Loans or LIBOR Term Loans; provided that all Term B-1 Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Term B-1 Loans of the same Type, (iii) may be repaid or prepaid in accordance with the provisions hereof, but once repaid or prepaid, may not be reborrowed, and (iv) shall not exceed in the aggregate the total of all Term B-1 Loan Commitments. The proceeds of such Term B-1 Loans shall be immediately applied to repay any Original Term Loans outstanding after giving effect to the First Amendment and the repayment of a portion of the Original Term Loans in connection therewith. On the Term B-1 Loan Maturity Date, all Term B-1 Loans shall be repaid in full.
Term B-1 Loans. The Borrower shall pay to each Lender holding Term B-1 Loans (i) on the last Business Day of each Fiscal Quarter occurring after the Amendment No. 5 Closing Date (commencing with the Fiscal Quarter ending June 30, 2019) but prior to the Maturity Date, a portion of the principal amount of all Term B-1 Loans then outstanding in an amount equal to 0.25% of the sum of the aggregate principal amount of the Term B-1 Loans outstanding on the Amendment No. 5 Closing Date after giving effect to Amendment No. 5 (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.3 of this Agreement (it being understood and agreed that the $555,000,000 prepayment made on November 3, 2016 shall be applied (net of (x) any amounts from such prepayment applied to amortization payments required by Section 2.2 prior to the Amendment No. 5 Closing Date and (y) any amounts from such prepayment applied to amortization payments required by Section 2.2(a)) to the amortization payments required by this Section 2.2(b) in direct order of maturity)) and (ii) on the Maturity Date, the aggregate principal amount of all Term B-1 Loans outstanding on such date and all accrued and unpaid interest thereon.
Term B-1 Loans. The Borrowers shall repay to the Administrative Agent (i) for the ratable account of the Term B-1 Dollar Lenders holding Term B-1 Dollar Loans the aggregate principal amount of all Term B-1 Dollar Loans outstanding and (ii) for the ratable account of the Term B-1 Euro Lenders holding Term B-1 Euro Loans the aggregate principal amount of all Term B-1 Euro Loans outstanding, in each case, in consecutive quarterly installments as follows (which installments shall, to the extent applicable, be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Sections 2.05 and 2.06, or be increased as a result of any increase in the amount of Term B-1 Dollar Loans or Term B-1 Euro Loans, as applicable, pursuant to Section 2.14 (such increased amortization payments to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Term B-1 Dollar Loans or Term B-1 Euro Loans, as applicable, made as of the Fourth Amendment Effective Date)): US-DOCS\90330440.2103232196.9
Term B-1 Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Term B-1 Lenders the aggregate principal amount of all Term B-1 Loans outstanding in consecutive quarterly installments as follows (which installments shall, to the extent applicable, be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Sections 2.05 and 2.06, or be increased as a result of any increase in the amount of Term B-1 Loans pursuant to Section 2.16 (such increased amortization payments to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Term B-1 Loans made as of the First Refinancing Date)): Year Date Term B-1 Loan Principal Amortization Payment Year 1 March 31, 2011 $ 4,375,000 June 30, 2011 $ 4,375,000 September 30, 2011 $ 4,375,000 Year 2 December 31, 2011 $ 4,375,000 March 31, 2012 $ 4,375,000 June 30, 2012 $ 4,375,000 September 30, 2012 $ 4,375,000 Year 3 December 31, 2012 $ 4,375,000 March 31, 2013 $ 4,375,000 June 30, 2013 $ 4,375,000 September 30, 2013 $ 4,375,000 Year 4 December 31, 2013 $ 4,375,000 March 31, 2014 $ 4,375,000 June 30, 2014 $ 4,375,000 September 30, 2014 $ 4,375,000 Year 5 December 31, 2014 $ 4,375,000 March 31, 2015 $ 4,375,000 June 30, 2015 $ 4,375,000 September 30, 2015 $ 4,375,000 Year 6 December 31, 2015 $ 4,375,000 March 31, 2016 $ 4,375,000 June 30, 2016 $ 4,375,000 September 30, 2016 $ 4,375,000 Year 7 December 31, 2016 $ 4,375,000 March 31, 2017 $ 4,375,000 June 30, 2017 $ 4,375,000 Maturity Date for Term B-1 Facility $ 1,636,250,000 provided, however, that the final principal repayment installment of the Term B-1 Loans shall be repaid on the Maturity Date for the Term B-1 Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term B-1 Loans outstanding on such date.
Term B-1 Loans. (i) Subject to the terms and conditions hereof and of Amendment No. 1, each Term B-1 Lender severally agrees to make a Term B-1 Loan to the Borrower on the Amendment No. 1 Effective Date in the principal amount equal to its Term B-1 Commitment on the Amendment No. 1
Term B-1 Loans. (a) On the Amendment No. 3 Effective Date, each of the Additional Term B-1 Lenders will make Additional Term B-1 Loans to the Borrower pursuant to Section 2.01(e) of the Amended Credit Agreement. The Additional Term B-1 Loans will constitute a Term Loan for all purposes under the Amended Credit Agreement; provided that pursuant to this Amendment, each such Additional Term B-1 Loan shall constitute an “Other Term Loan” for all purposes of the Amended Credit Agreement, each such Additional Term B-1 Commitment shall constitute a commitment in respect of Term B-1 Loans for all purposes of the Amended Credit Agreement, and all provisions of the Amended Credit Agreement applicable to Term B-1 Loans and commitments in respect of Term B-1 Loans shall be applicable to such Additional Term B-1 Loans and Additional Term B-1 Commitments, respectively.
Term B-1 Loans. (a) Subject to the terms and conditions set forth herein, each Term B-1 Lender severally agrees to make Term B-1 Loans to the Borrower in a single borrowing on the Effective Date in the amount of its Term B-1 Commitment. Notwithstanding the foregoing, if the total Term B-1 Loan Commitment as of the Effective Date is not drawn on the Effective Date, the undrawn amount shall automatically be cancelled.
Term B-1 Loans. (a) Each Extending Lender agrees, on the Second Amendment Effective Date and on the terms and conditions set forth herein and in the Amended Credit Agreement, to have all (or such lesser amount allocated to such Existing Lender by the Arrangers) its Existing Term Loans automatically re-named as Term B-1 Loans in accordance with Section 2.01 of the Amended Credit Agreement and such Term B-1 Loans shall be in effect and outstanding under the Amended Credit Agreement.
Term B-1 Loans. The Company shall pay to each Term B-1 Lender (i) on the last Business Day of each fiscal quarter of the Parent occurring after the Closing Date (commencing with the fiscal quarter ending December 31, 2015) but prior to the Maturity Date, the principal amount of all Term B-1 Loans then outstanding in an amount equal to 0.25% of the sum of the aggregate principal amount of Term B-1 Loans on the Closing Date (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and (ii) on the Maturity Date for Term B-1 Loans, the principal amount of all Term B-1 Loans in an amount equal to the aggregate principal amount of all Term B-1 Loans outstanding on such date; provided that the amount of any such prepayment set forth above shall be adjusted to account for the addition of any Extended Term Loans or Incremental Term Loans made to the Company to contemplate (A) the reduction in the aggregate principal amount of the Term B-1 Loans that were converted in connection with the incurrence of such Extended Term Loans and (B) any increase to payments to the extent and as required pursuant to the terms of any applicable Commitment Increase Amendment involving an increase to the Term B-1 Loans.
