Term B Loans Clause Samples
Term B Loans. Each Term B Lender, severally and for itself alone, hereby agrees, on the terms and subject to the conditions hereinafter set forth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make a loan (each such loan, a “Term B Loan” and collectively, the “Term B Loans”) to Company on the Closing Date in an aggregate principal amount equal to the Term B Commitment of such Term B Lender. The Term B Loans (i) shall be incurred by Company pursuant to a single drawing, (ii) shall be denominated in Dollars, (iii) shall be made as Base Rate Loans and, except as hereinafter provided, may, at the option of Company, be maintained as and/or converted into Base Rate Loans or Eurocurrency Loans, provided, that (x) all Term B Loans made by the Term B Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Term B Loans of the same Type and (y) no incurrences of, or conversions into, Term B Loans maintained as Eurocurrency Loans with an Interest Period in excess of one month may be effected prior to the earlier of (1) the 30th day after the Closing Date and (2) the date (the “Syndication Date”) upon which Administrative Agent determines in its sole discretion (and notifies Company) that the primary syndication of the Facilities (and the resultant addition of Lenders pursuant to Section 12.8(c)) has been completed and (iv) shall not exceed for any Lender at the time of incurrence thereof on the Closing Date that aggregate principal amount which equals the Term B Loan Commitment of such Lender at such time. Each Term B Lender’s Term B Commitment shall expire immediately and without further action on the Closing Date after the making of the Loans. No amount of a Term B Loan which is repaid or prepaid by Company may be reborrowed hereunder.
Term B Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders with Term B Loans (i) on the last Business Day of each March, June, September and December, commencing with the first full quarter after the Amendment No. 1 Effective Date, an aggregate amount equal to 0.25% of the aggregate principal amount of all Term B Loans outstanding on the Amendment No. 1 Effective Date (which payments 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 the Term B Loans, the aggregate principal amount of all Term B Loans outstanding on such date.
Term B Loans. The Company shall repay to the Term B Lenders the aggregate principal amount of all Term B Loans in quarterly principal installments equal to 0.25% of the initial aggregate principal amount of the Term B Loans on the Closing Date, subject to adjustment for any applicable Incremental Term Loan (which principal 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), on the last Business Day of each March, June, September and December (commencing on the last Business Day of the fiscal quarter ending March 31, 2015); provided, however, that the final principal repayment installment of the Term B Loans shall be repaid on the Maturity Date for the Term B Loan Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term B Loans outstanding on such date.
Term B Loans. The Parent Borrower shall repay the Term B Loans made by it in the applicable currency of such Term B Loans in quarterly principal installments as follows:
(i) in the amount of 0.25% of the aggregate principal amount of the Term B Loans made on the Restatement Effective Date, due and payable on the last day of each March, June, September and December, of each year commencing on the last day of such month falling on or after the last day of the first fiscal quarter of the Parent Borrower following the Restatement Effective Date and continuing until the last day of such quarterly period ending immediately prior to the Term B Loan Maturity Date; and
(ii) one final installment in the amount of the relevant Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date; Prior to any repayment of any Term Borrowings, the Parent Borrower shall select the Class and Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (which shall be confirmed promptly by email) or written notice (including email) of such selection not later than 12:00 p.m., Local Time, three (3) Business Days before the scheduled date of such repayment; provided that to the extent the Parent Borrower does not specify in such notice the Borrowing or Borrowings to be repaid the Administrative Agent shall apply such amounts on a pro rata basis between all applicable Classes and Borrowings. Each such repayment of a Class and Borrowing shall be applied ratably to the Loans included in the repaid Class and Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.
Term B Loans. The Borrower shall repay to the Term B Lenders the aggregate principal amount of all Term B Loans outstanding on the last Business Day of the quarter ending on the following dates in the respective amounts set forth opposite such dates (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): June 30, 2007 $ 6,875,000 September 30, 2007 $ 6,875,000 December 31, 2007 $ 6,875,000 March 31, 2008 $ 6,875,000 June 30, 2008 $ 6,875,000 September 30, 2008 $ 6,875,000 December 31, 2008 $ 6,875,000 March 31, 2009 $ 6,875,000 June 30, 2009 $ 6,875,000 September 30, 2009 $ 6,875,000 December 31, 2009 $ 6,875,000 March 31, 2010 $ 6,875,000 June 30, 2010 $ 6,875,000 September 30, 2010 $ 6,875,000 December 31, 2010 $ 6,875,000 March 31, 2011 $ 6,875,000 June 30, 2011 $ 6,875,000 September 30, 2011 $ 6,875,000 December 31, 2011 $ 6,875,000 March 31, 2012 $ 6,875,000 June 30, 2012 $ 6,875,000 September 30, 2012 $ 6,875,000 December 31, 2012 $ 6,875,000 March 31, 2013 $ 6,875,000 June 30, 2013 $ 6,875,000 September 30, 2013 $ 6,875,000 December 31, 2013 $ 6,875,000 provided, however, that the final principal repayment installment of the Term B Loans shall be repaid on the Maturity Date for the Term B Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term B Loans outstanding on such date.
Term B Loans. As of the First Amendment Effective Date, the aggregate outstanding principal balance of the Term B Loan is $188,849,373.40 (the “Existing Term B Loan”). Each Consenting Lender agrees that its Existing Term B Loan shall be designated a “Term B-2 Loan” for all purposes of this Agreement and the other Finance Documents. The outstanding principal balance of the Existing Term B Loan held by Non-Consenting Lenders as of the First Amendment Effective Date shall be designated “Term B-1 Loans” for all purposes of this Agreement and the other Finance Documents. As of the First Amendment Effective Date, after giving effect to the foregoing, the aggregate outstanding principal balance of Term B-1 Loans is $39,277,052.91 and the aggregate outstanding principal balance of Term B-2 Loans is $149,572,320.49, each of which is held by the Lenders as designated in the Register. Loans from time to time made under the Delayed Draw Term B Commitments shall be designated Term B-3 Loans for all purposes of this Agreement and the other Finance Documents. Term B-3 Loans shall be made from the several Term B Lenders holding Delayed Draw Term B Commitments ratably in proportion to their respective Delayed Draw Term B Commitments in accordance with Section 2.01(d). Once designated a Term ▇-▇ ▇▇▇▇, ▇▇▇▇ ▇-▇ Loan or Term B-3 Loan or Delayed Draw Term B Commitment, as applicable, the portion of the Term B Loan or Commitment, as applicable, so designated shall maintain such designation until the applicable Term B Loan has been repaid in full or the applicable Commitment expires or is terminated, in each case, in accordance with the terms of this Agreement regardless of the holder thereof. Term B Loans are not revolving in nature, and amounts repaid or prepaid in respect thereof may not be reborrowed.
Term B Loans. The Term B Loans shall be Paid in Full on the Term B Loan Maturity Date.
Term B Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Term Loan B Lenders on the Maturity Date the aggregate principal amount of the Term B Loans then outstanding, together with any accrued but unpaid interest thereon.
Term B Loans. Subject to adjustment as a result of the application of prepayments in accordance with Section 2.05, in each case, solely to the extent of any such amounts applied to the prepayment of the Term Loans, the Borrower shall repay to the Administrative Agent for the ratable account of the Term B Lenders on each date set forth below in the principal amount of Term B Loans set forth below opposite such date: September 30, 2011 $ 2,175,000 December 31, 2011 $ 2,175,000 March 31, 2012 $ 2,175,000 June 30, 2012 $ 2,175,000 September 30, 2012 $ 2,175,000 December 31, 2012 $ 2,175,000 March 31, 2013 $ 2,175,000 June 30, 2013 $ 2,175,000 September 30, 2013 $ 2,175,000 December 31, 2013 $ 2,175,000 March 31, 2014 $ 2,175,000 June 30, 2014 $ 2,175,000 September 30, 2014 $ 2,175,000 December 31, 2014 $ 2,175,000 March 31, 2015 $ 2,175,000 June 30, 2015 $ 2,175,000 September 30, 2015 $ 2,175,000 December 31, 2015 $ 2,175,000 March 31, 2016 $ 2,175,000 June 30, 2016 $ 2,175,000 September 30, 2016 $ 2,175,000 December 31, 2016 $ 2,175,000 March 31, 2017 $ 2,175,000 June 30, 2017 $ 2,175,000 September 30, 2017 $ 2,175,000 December 31, 2017 $ 2,175,000 March 31, 2018 $ 2,175,000 May 16, 2018 $ 811,275,000
Term B Loans. The Borrowers shall repay to the Administrative Agent for the ratable account of the Term B-1 Lenders holding Initial Term B-1 Term Loans in Dollars (i) on the last Business Day of each March, June, September and December, commencing with the second such date to occur after the Closing Date, an aggregate principal amount equal to 0.25% of the aggregate principal amount of the Initial Term B-1 Term Loans funded on the Closing Date and (ii) on the Initial Term B-1 Maturity Date, the aggregate principal amount of all Initial Term B-1 Loans outstanding on such date; provided that payments required by clause (i) above shall be reduced as a result of the application of prepayments in accordance with Section 2.05. In the event any Incremental Term Loans or Extended Term Loans are made, such Incremental Term Loans or Extended Term Loans, as applicable, shall be repaid by the Borrowers in the amounts and on the dates set forth in the definitive documentation with respect thereto and on the applicable Maturity Date thereof.