Examples of Additional Term B Lender in a sentence
Accordingly, any signature page hereto submitted by or on behalf of an Additional Term B Lender other than such fronting lender will be deemed ineffective unless accepted by the Administrative Agent in its sole discretion.
For U.S. federal income tax purposes, the Borrower, any First Additional Term B Lender and the Administrative Agent agree to treat the First Additional Term Loans as a “qualified reopening” (within the meaning of Treasury Regulations section 1.1275-2(k)) of, and fungible with, the Initial Term Loans.
Subject to the terms and conditions hereof, each Additional Term B Lender severally agrees to make a term loan in Dollars to the Borrower on the Term B Facility Effective Date in a principal amount not to exceed its Additional Term B Commitment on the Term B Facility Effective Date.
The Additional Term B Commitment of the Additional Term B Lender and the Term A Commitment of the Initial Term A Lender shall be automatically and permanently reduced to $0 upon the funding of Term B Loans and Term A Loans to be made by such respective Lenders on the Amendment No. 1 Effective Date or if the Amendment No. 1 Effective Date does not occur on or prior to 5:00 p.m. (New York, New York time) on the date of Amendment No. 1.
On the First Amendment Effective Date (after giving effect to the funding of the 2023 Additional Term B Loans to be made on such date), the 2023 Additional Term B Commitments of each 2023 Additional Term B Lender as of the First Amendment Effective Date will terminate.