B Loans definition

B Loans means the loans under the OT Project Financing provided to OT LLC directly by commercial banks under (i) the IFC B Loan Tranche and (ii) the EBRD B Loan Tranche.

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B Loans means the loans under the OT Project Financing provided to OT LLC directly by commercial banks under (i) the IFC B Loan Tranche and

B Loans means the USB 74 CDE B4 Loan, the CNB II CDE B3 Loan, the LBC 2 CDE B2 Loan and the Waveland XXII CDE B1 Loan.

Examples of B Loans in a sentence

• The undersigned hereby executes this Amendment as a Consenting Term B Lender (i.e. a Lender holding Term B Loans).

• The Term B Borrowing shall consist of Term B Loans made simultaneously by the Term B Lenders in accordance with their respective Term B Commitments.

• Term B Loans may be Base Rate Loans or Eurodollar Rate Loans as further provided herein.

• Term B Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

• Term B Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

• 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 proceeds of the Term B Loans and the Revolving Credit Loans shall be used in a manner consistent with the uses set forth in the Preliminary Statements to this Agreement.

• Exercise commercially reasonable efforts to maintain ratings from each of ▇▇▇▇▇’▇ and S&P for the Term B Loans.

• TERM B/TERM B-2 LENDER CONSENT AND CASH-OUT OPTION: ☐ The above Lender is a Term B Lender or Term B-2 Lender and, in such capacity, will not convert its Term B Loans or Term B-2 Loans, as the case may be, into Term B-3 Loans and shall have the principal amount of its Term B Loans or Term B-2 Loans, as the case may be, repaid on the Amendment No. 3 Effective Date.

• No amounts paid or prepaid with respect to Term B Loans may be reborrowed.

More Definitions of B Loans

B Loans and the lenders thereunder, the “Existing Term Loan B Lenders”), (b) Term A Loans in an aggregate principal amount of $228,937,499.95 (the “Existing Term A Loans” and, together with the Existing Term B Loans, the “Existing Term Loans”) under the Credit Agreement and (c) outstanding Revolving Credit Commitments in an aggregate principal amount of $330,000,000 under the Credit Agreement (the “Existing Revolving Credit Commitments” and the lenders thereunder, the “Existing Revolving Credit Lenders”) and any outstanding Revolving Credit Loans under the Credit Agreement (the “Existing Revolving Credit Loans”);

B Loans is defined in Section 1.3 hereof.

B Loans is defined in Section 2.2(b) hereof.

B Loans means, collectively, the B1 Loan and the B2 Loan;

B Loans. Each Lender severally agrees, on the terms of this Agreement, to make Tranche B Loans to the Borrower during the period from and including (i) the Closing Date or (ii) such later date that such Lender becomes a party to this Agreement as provided in Section 12.06(b), to but excluding, the Termination Date in an aggregate principal amount at any one time outstanding up to but not exceeding the amount of such Lender's Tranche B Commitment as then in effect; provided, however, that the aggregate principal amount of all Tranche B Loans by all Lenders hereunder at any one time outstanding together with the Tranche B LC Exposure shall not exceed the lesser of the Aggregate Tranche B Commitments or the Aggregate Maximum Tranche B Credit Amounts. Subject to the terms of this Agreement, during the period from the Closing Date to but excluding the Termination Date, the Borrower may borrow, repay and reborrow the amount determined pursuant to in this Section 2.01(a).

B Loans as defined in subsection 2.1(b) hereof. B Loans of different types made or converted from B Loans of other types on the same day (or of the same type but having different Interest Periods) shall be deemed to be separate B Loans for all purposes of this Agreement.