Add-On Term Loan B definition
Add-On Term Loan B means an add-on term loan to the Term Loan B in the aggregate principal amount of $250 million, disbursed by certain Lenders to AWI, net of original issue discount, on the Amendment No. 2 Effective Date.
Add-On Term Loan B means the Term Loan made pursuant to the Add-On Term Loan B Facility in accordance with Section 2.01(c).
Examples of Add-On Term Loan B in a sentence
Use the proceeds of the Credit Extensions (i) for working capital, Capital Expenditures, and other general corporate purposes of the Borrower and its Subsidiaries not in contravention of any Law or of any Loan Document, and (ii) with respect only to the Add-On Term Loan B Facility, together with available cash, to pay the cash portion of the purchase price of the Bicycle Acquisition, and to pay fees and expenses incurred in connection with the Bicycle Acquisition.
On the Amendment No. 2 Effective Date, the aggregate principal amount of the Term Loan B was increased by the Add-On Term Loan B.
The Administrative Agent shall have received a notice of borrowing for the Add-On Term Loan B.