B-1 Loan definition

B-1 Loan means the loan specified in Section 1.05 (Existing Loans on the Effective Date) or, as the context requires, its principal amount from time to time outstanding;
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B-1 Loan means an Additional B-1 Loan or a Loan in respect of a B-1 Loan Commitment that is deemed made pursuant to Section 2.01(e)(i).
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Examples of B-1 Loan in a sentence

  • Xxxxx Xxxxxx Title:] Senior Vice President Check here if you do NOT wish to have your Term B Loans converted to Term B-1 Loans: o The undersigned Lender hereby consents to this Amendment and, unless otherwise indicated below, consents to convert 100% of the outstanding principal amount of the Term B Loan held by such Lender (or such lesser amount allocated to such Lender by the Amendment No. 2 Lead Arranger) into a Term B-1 Loan in a like principal amount on the Amendment No. 2 Effective Date.

  • Originators must comply with Fannie Mae selling Guide Chapter B1, Loan Application Package, B8, Closing: Legal Documents, and B3 Underwriting Borrowers.

  • No amount of any Tranche B-1 Loan which is repaid or prepaid by the Borrower may be reborrowed hereunder.

  • Subject to the terms and conditions set forth herein and in Amendment No. 1, each Additional U.S. Term B-1 Lender severally agrees to make an Additional U.S. Term B-1 Loan to the Borrower on the Amendment No. 1 Effective Date in the principal amount equal to its Additional U.S. Term B-1 Commitment on the Amendment No. 1 Effective Date.

  • Gross proceeds required to be funded by each Tranche B-1 Lender with respect to its Tranche B-1 Loan shall be equal to 99.875% of the principal amount of such Tranche B-1 Loan.

  • Gross proceeds required to be funded by each Tranche B-1 Lender with respect to its Tranche B-1 Loan shall be equal to 98.00% of the principal amount of such Tranche B-1 Loan.

  • The aggregate amount of the Term B-1 Loan Commitments as of the Amendment No. 1 Effective Date was $124,223,730.07.

  • Gross proceeds required to be funded by each Tranche B-1 Lender with respect to its Tranche B-1 Loan shall be equal to 97.75% of the principal amount of such Tranche B-1 Loan.

  • All Holders of Class 5 2020 Term B-1 Loan Claims shall be deemed to be a party to, and bound by, the First Lien Exit Facilities Documents, regardless of whether such Holder has executed a signature page thereto.

  • Therefore, each Holder of a Class 5 2020 Term B-1 Loan Claim is entitled to vote to accept or reject the Plan.

Related to B-1 Loan

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Term A-1 Loan means an advance made by any Term A-1 Lender under the Term A-1 Facility.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term B-1 Lender means, at any time, any Lender that has a Term B-1 Commitment or a Term B-1 Loan at such time.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Term A-1 Lender means, at any time, any Lender that has a Term A-1 Commitment or that holds Term A-1 Loans at such time.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Term Loan as defined in Section 2.1.

  • Term A Note means a promissory note made by the Borrower in favor of a Term A Lender evidencing Term A Loans made by such Term A Lender, substantially in the form of Exhibit C-1.

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Tranche C Term Loan as defined in Section 2.1.

  • Term B Loan Commitment means the obligation of the Term B Lenders to make a Term B Loan on the Closing Date in an aggregate principal amount equal to $850,000,000. The Term B Loan Commitment on the Closing Date is $850,000,000.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

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

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • Term Commitment means as to any Lender, the obligation of such Lender, if any, to make a Term Loan Advance to the Borrower in a principal amount not to exceed the amount set forth under the heading “Term Commitment” opposite such Lender’s name on Schedule 1.1.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • Tranche A Term Lender means a Lender with a Tranche A Term Commitment or an outstanding Tranche A Term Loan.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.