Examples of B-2 Term Lender in a sentence
Subject to the terms and conditions set forth herein, each Tranche B-2 Term Lender severally agrees to make a single loan to the Borrower on the Restatement Effective Date in an amount not to exceed such Tranche B-2 Term Lender’s Tranche B-2 Term Loan Commitment.
Subcontractor shall keep confidential, and not use for any purposes outside of the Agreement, any and all information and data that Contractor or Owner may identify from time to time as confidential or proprietary (whether in printed, electronic or other form) or in which Subcontractor reasonably should know Contractor or Owner has a reasonable expectation of confidentiality.
The obligation of each Incremental Tranche B-2 Term Lender to make an Incremental Tranche B-2 Term Loan shall be several and not joint.
Upon execution and delivery hereof, the Administrative Agent will record the Tranche B-2 Term Loans made by each Tranche B-2 Term Lender in the Register.
Each Additional Tranche B-2 Term Lender will make New Tranche B-2 Term Loans on the Amendment Effective Date by transferring to the Agent, in the manner contemplated by Section 2.06 of the Credit Agreement, an amount equal to the amount of its Tranche B-2 Undertaking.
The Administrative Agent shall have received duly executed and delivered counterparts (or written evidence thereof satisfactory to the Administrative Agent, which may include telecopy transmission of, as applicable, a signed signature page) of this Amendment from each Loan Party, each Lender with Converted Tranche B Term Loans, each Lender with Converted Tranche B-1 Term Loans, and the Additional Tranche B-2 Term Lender.
The Administrative Agent has notified each Tranche B-2 Term Lender (as defined below) of its allocated Tranche B-2 Term Commitment.
The Tranche B-2 Term Commitment of each Tranche B-2 Term Lender shall automatically terminate upon the making of the Tranche B-2 Term Loans on the Effective Date.
The Borrower and the Administrative Agent hereby consent, pursuant to Subsections 11.6(b)(i) and 2.6(b) of the Credit Agreement, to the inclusion as an “Additional Lender” of each Tranche B-2 Term Lender that is party to this Second Amendment that is not an existing Lender, an Affiliate of an existing Lender or an Approved Fund.
The Term B-2 Term Commitment of each Term B-2 Term Lender shall be automatically and permanently reduced to $0 upon the making of such Term B-2 Term Lender’s Term B-2 Term Loans pursuant to Section 2.01(b) on the Closing Date.