B-2 Term Loan definition

B-2 Term Loan shall have the meaning provided in Section 2.01(a)(ii).
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B-2 Term Loan has the meaning set forth in the Restructuring Term Sheet.
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B-2 Term Loan means the term loan in the aggregate principal amount of $6,000,000 to be maintained by the Lenders pursuant to Section 2.1.3 hereof.
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Examples of B-2 Term Loan in a sentence

  • The Borrower shall prepay all Existing Tranche B-2 Term Loans of Non-Consenting Existing Tranche B-2 Term Loan Lenders and Post-Closing Option Tranche B-2 Lenders with the gross proceeds of the Additional Tranche B-3 Term Loans.

  • Each Borrowing of Tranche B-2 Term Loans and Tranche B-4 Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Tranche B-2 Term Loan Commitments and Tranche B-4 Term Loan Commitment, as applicable.

  • Any proceeds of the Initial Tranche B-3 Term Loans shall be applied on the Amendment No. 4 Effective Date to prepay in full all Existing Tranche B-2 Term Loans of Non-Consenting Existing Tranche B-2 Term Loan Lenders and Post-Closing Option Tranche B-2 Lenders.

  • Borrower hereby certifies to the Administrative Agent and the Lenders that the obligations of the Borrower set forth in the Credit Agreement, as modified by this Amendment, other than the Incremental Tranche A Term Loan, the Tranche B-1 Term Loan and Tranche B-2 Term Loan, qualify as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

  • The Interest Period then in effect (and the LIBOR Rate (as defined in this Agreement immediately prior to the effectiveness of Amendment No. 4) thereunder) for the Existing Tranche B-2 Term Loans of Non-Consenting Existing Tranche B-2 Term Loan Lenders and Post-Closing Option Tranche B-2 Lenders shall remain in effect for the Additional Tranche B-3 Term Loans following any such repayment.

  • All reductions to the Total Term Loan Commitment pursuant to this Section 4.03(e) shall be applied (i) first, to reduce the Total B-2 Term Loan Commitment as then in effect and (ii) second, to the extent in excess thereof, to reduce the Total B-1 Term Loan Commitment as then in effect.

  • The Borrowers have requested that the Lenders provide a multicurrency revolving credit facility, a Dollar Initial Tranche B-1 Term Loan facility and a Dollar Initial Tranche B-2 Term Loan facility and that the L/C Issuers issue multicurrency letters of credit, and the Lenders have indicated their willingness to lend and the L/C Issuers have indicated its willingness to issue letters of credit, in each case, on the terms and subject to the conditions set forth herein.

  • After giving effect to all Tranche B-2 Term Loan Borrowings, all conversions of Tranche B-2 Term Loans from one Type to the other, and all continuations of Tranche B-2 Term Loans as the same Type, there shall not be more than 10 Interest Periods in effect in respect of the Tranche B-2 Term Loan Facility.

  • Each Tranche B-2 Term Loan Lender shall be a “Lender” under the Credit Agreement as of the First Amendment Effective Date.

  • In the case of a Tranche B-1 Term Loan Borrowing, a Tranche B-2 Term Loan Borrowing or a Revolving Credit Borrowing, each Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Committed Loan Notice.