Examples of B Loans in a sentence
The Borrower shall repay to the Lenders holding Tranche B Loans on the Applicable Maturity Date for Tranche B Loans the aggregate Principal Amount of the Tranche B Loans on such date in full, together with all accrued and unpaid interest, fees, costs and other Obligations and amounts owed to any Agent or any Lender, in each case, on the Tranche B Loans.
On the Closing Date (after giving effect to the funding of the Term B Loans to be made on such date), the Term B Loan Commitments of each Lender as of the Closing Date will terminate.
The Initial Borrower has requested that (a) the Term B Lenders make Term B Loans to the Initial Borrower in an aggregate principal amount of $1,250,000,000, and (b) from time to time, the Revolving Credit Lenders lend to the Initial Borrower and the Borrower and the L/C Issuer issue Letters of Credit for the account of the Borrower and its Restricted Subsidiaries under a $100,000,000 Revolving Credit Facility.
If necessary in accordance with the foregoing, RTIHL shall cause the Rio Tinto Manager to undertake such negotiations and discussions regarding the replacement B Loans and/or MIGA Loans as contemplated by Sections 7 and 8.
Each Investor or Ultimate Purchaser agrees that any Transfer of any Term B Loans that does not comply with the terms and procedures set forth in this Section 3.5(b) shall be deemed void ab initio, and the Debtors shall have the right to avoid such Transfer.
The Company shall ensure that, as at the last day of each Measurement Period, the ratio of Unencumbered Real Property Asset Value to the aggregate principal amount of any Facility B Loans outstanding at that time is equal to or greater than 2.00 to 1.
If necessary to replace any Senior Lender who does not want to participate in the Re-profiling, the parties agree that new B Loans and/or MIGA Loans may be obtained by OT LLC from existing or new Senior Lenders to replace existing B Loans and/or MIGA Loans, provided that the aggregate principal amount of B Loans and MIGA Loans is not increased above those principal amounts for B Loans and MIGA Loans set out in Schedule F.
Each prepayment of Loans shall be applied first to the Tranche A Loans until the amount of Tranche A Loans outstanding is £0, and any remaining amounts shall be applied to the Tranche B Loans until the amount of Tranche B Loans outstanding is £0.
For purposes of this Agreement, any reference to the Re- profiling includes any replacement B Loans and/or MIGA Loans pursuant to this Section 6.
Term B Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.