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.