Definition of 2017-1 Term B-5 Repricing Event


2017-1 Term B-5 Repricing Event means, other than in connection with a change of control or acquisition (or similar investment) not otherwise permitted under this Agreement (i) any prepayment or repayment of 2017-1 Term B-5 Loans with the proceeds of, or any conversion of such 2017-1 Term B-5 Loans into, any new or replacement tranche of any new or additional term loans under the this Agreement that is broadly marketed or syndicated to banks and other institutional investors in similar financings and bearing interest at an effective interest rate less than the effective “yield” applicable to the 2017-1 Term B-5 Loans then in effect, and excluding for the avoidance of doubt, any prepayment or repayment of the 2017-1 Term B-5 Loans made with cash on hand, the proceeds of any revolving loans under the ABL Facility or any loans incurred or assumed (or to be assumed) by one or more non-Guarantors and (ii) any amendment to this Agreement that reduces the effective applicable margin for the 2017-1 Term B-5 Loans.