2016 Refinancing Term B Loan definition

2016 Refinancing Term B Loan means a Loan that is made pursuant to Section 2 of this Agreement.
2016 Refinancing Term B Loan means a Loan that is made pursuant to Section 2 of this Agreement. “2016 Refinancing Term B Loan Commitment” shall mean, with respect to each 2016 Refinancing Term B Lender, the commitment of such 2016 Refinancing Term B Lender to make 2016 Refinancing Term B Loans to the Borrower on the Effective Date. The amount of each Lender’s 2016 Refinancing Term B Loan Commitment as of the Effective Date is set forth on Schedule 1 hereto. “Existing Term B Lender” shall mean a Lender with Existing Term B Loans outstanding immediately prior to the Effective Date. “Existing Term B Loans” shall mean the Term B Loans outstanding under the Existing First Lien Credit Agreement immediately prior to the Effective Date. “Incremental Term B Lender” shall mean a Lender with an Incremental Term B Loan Commitment. “Incremental Term B Loan Commitment” shall mean, with respect to each Incremental Term B Lender, the commitment of such Incremental Term B Lender to make Incremental Term B Loans to the Borrower on the Effective Date. The amount of each Lender’s Incremental Term B Loan Commitment as of the Effective Date is set forth on Schedule 2 hereto. 2 The aggregate amount of the Incremental Term B Loan Commitments of all Incremental Term B Lenders as of the Effective Date is $83,000,000. “Incremental Term B Loans” shall mean the Loans made pursuant to Section 3 of this Agreement. SECTION 2.

Examples of 2016 Refinancing Term B Loan in a sentence

  • The amount of each Lender’s 2016 Refinancing Term B Loan Commitment as of the Effective Date is set forth on Schedule 1 hereto.

  • In addition, as used in this Agreement, the following terms have the meanings specified: “2016 Refinancing Term B Lender” shall mean a Person with a 2016 Refinancing Term B Loan Commitment on the Effective Date.

  • Unless previously terminated, the 2016 Refinancing Term B Loan Commitments shall terminate upon the earlier of (i) the 2016 Refinancing Term B Lender making the 2016 Refinancing Term B Loans to the Borrower and (ii) 11:59 p.m., New York City time, on the Effective Date.

  • Subject to the terms and conditions set forth herein, each of the 2016 Refinancing Term B Lenders agrees to make 2016 Refinancing Term B Loans to the Borrower on the Effective Date in a principal amount equal to its 2016 Refinancing Term B Loan Commitment.

Related to 2016 Refinancing Term B Loan

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Refinancing Term Loans shall have the meaning assigned to such term in Section 2.21(j).

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Specified Refinancing Term Loans means Specified Refinancing Debt constituting term loans.

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Tranche B Term Loan as defined in Section 2.1.

  • Refinancing Loan shall have the meaning provided in Section 2.14(h)(i).

  • Refinancing Date The date on which a Current Mortgage Loan or Mortgage Loan is refinanced by Seller or an affiliate thereof.

  • Credit Agreement Refinancing Indebtedness means (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Priority Refinancing Debt or (c) Permitted Unsecured Refinancing Debt, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace, repurchase, retire or refinance, in whole or part, existing Term Loans, or any then-existing Credit Agreement Refinancing Indebtedness (“Refinanced Debt”); provided that (i) such Indebtedness has a maturity no earlier, and a Weighted Average Life to Maturity equal to or greater, than 91 days after the Latest Maturity Date at the time such Indebtedness is incurred, (ii) such Indebtedness shall not have a greater principal amount (or accreted value, if applicable) than the principal amount (or accreted value, if applicable) of the Refinanced Debt plus accrued interest, fees, premiums (if any) and penalties thereon and reasonable fees and expenses associated with the refinancing, (iii) the terms and conditions of such Indebtedness (except as otherwise provided in clause (ii) above and with respect to pricing, rate floors, discounts, premiums and optional prepayment or redemption terms) are substantially identical to, or (taken as a whole) are no more favorable to the lenders or holders providing such Indebtedness, than those applicable to the Refinanced Debt being refinanced (except for covenants or other provisions applicable only to periods after the Latest Maturity Date at the time of incurrence of such Indebtedness) (provided that a certificate of a Responsible Officer delivered to the Agent at least five (5) Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Parent Borrower has determined in good faith that such terms and conditions satisfy the requirement of this clause (iii) shall be conclusive evidence that such terms and conditions satisfy such requirement unless the Agent notifies the Parent Borrower within such five (5) Business Day period that it disagrees with such determination (including a description of the basis upon which it disagrees)), and (iv) such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged, and all accrued interest, fees, premiums (if any) and penalties in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Term Loan as defined in Section 2.1.

  • Existing Term Loan has the meaning specified in Section 2.01(b).

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Existing Term Loans has the meaning specified in Section 2.16(a).

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Refinancing Loans means the Refinancing Revolving Loans and the Refinancing Term Loans.

  • Additional Refinancing Amount means, in connection with the Incurrence of any Refinancing Indebtedness, the aggregate principal amount of additional Indebtedness, Disqualified Stock or Preferred Stock Incurred to pay accrued and unpaid interest, premiums (including tender premiums), expenses, defeasance costs and fees in respect thereof.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.