Examples of B-1 Loan Commitment in a sentence
On the Tenth Incremental Assumption and Amendment Agreement Effective Date, after giving effect to the funding of the 2021 Refinancing Term B-1 Loans, the 2021 Refinancing Term B-1 Loan Commitment (as defined in the Tenth Amended and Restated Credit Agreement) of each Lender terminated.
Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Term B-1 Loan”) to the Borrower on the Commitment Effective Date in an amount not to exceed such Lender’s Term B-1 Loan Commitment.
On the December 2018 Effective Date, each of the December 2018 Incremental Term B-1 Lenders agrees to make December 2018 Incremental Term B-1 Loans to the Borrower in a principal amount not to exceed such December 2018 Incremental Term B-1 Lender’s December 2018 Incremental Term B-1 Loan Commitment, with such December 2018 Incremental Term B-1 Loans having terms identical to the Existing Term B-1 Loans.
Each Term B-1 Loan Lender severally agrees, on the terms and conditions of this Agreement, to make loans to PGI on the Term B-1 Loan Closing Date in U.S. Dollars in an aggregate principal amount up to but not exceeding such Lender's Term B-1 Loan Commitment as then in effect.
On the Tenth Incremental Assumption and Amendment Agreement Effective Date, after giving effect to the funding of the 2021 Refinancing Term B-1 Loans, the 2021 Refinancing Term B-1 Loan Commitment of each 2021 Refinancing Term B-1 Lender will terminate.
The parties hereto intend to treat all of the Term B-1 Loans (including the Term B-1 Loans funded pursuant to the Additional Term B-1 Loan Commitment and the Term B-1 Loans converted from Term B Loans) as fungible for U.S. federal income tax purposes.
The Borrower further agrees to pay to the Administrative Agent for the account of each Term B1 Lender a commitment fee, which shall accrue at a rate per annum equal to 0.5% on the daily average unused amount of the respective Term B1 Loan Commitment of such Lender during the period from and including the Effective Date to but excluding the last day of the Term Loan Availability Period.
On the Fourteenth Incremental Assumption and Amendment Agreement Effective Date, after giving effect to the funding of the 2024 Refinancing Term B-1 Loans, the 2024 Refinancing Term B-1 Loan Commitment of each 2024 Refinancing Term B-1 Lender shall terminate.
Each Additional Lender hereby agrees to make (x) in the case of an Additional Revolving Credit Lender, its Additional Commitment available to the Borrower and (y) in the case of a Term B-1 Lender, the Term B-1 Loan to the Borrower in an amount equal to its Term B-1 Loan Commitment, in each case on the Amendment No. 1 Effective Date in accordance with Section 2.01(c) of the Credit Agreement.
Subject to the terms and conditions hereof and in the Term Loan Agreement, each Term B-1 Lender severally agrees to make a loan (a “Term B-1 Loan”) on the Incremental Amendment Effective Date in an amount equal to its Term B-1 Loan Commitment.