Converted Term B-1 Loans definition

Converted Term B-1 Loans has the meaning assigned thereto in the First Refinancing Amendment.
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Converted Term B-1 Loans means each Term B-1 Loan (or portion thereof) as to which the Lender thereof has consented to convert into a Term B-2 Loan and the Amendment No. 3 Arranger has allocated into a Term B-2 Loan.
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Converted Term B-1 Loans means each Original Loan held by a Consenting Lender; provided that the term “Converted Term B-1 Loans” shall exclude the Loans held by any Consenting Lender that has elected the Post-Closing Settlement Option (as defined in Amendment No. 3).
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Examples of Converted Term B-1 Loans in a sentence

  • On the Amendment No. 3 Effective Date all Term A-1 Loans and all Term B-1 Loans that are not Converted Term B-1 Loans, in each case, that are outstanding on the Amendment No. 3 Effective Date shall be repaid in full.

  • Use the proceeds of any Credit Extension, whether directly or indirectly, in a manner inconsistent with the uses set forth in the preliminary statements to this Agreement; provided that the proceeds of the additional Term B-2 Loans made pursuant to the Additional Term B-2 Commitments shall be used for the repayment of Term B-1 Loans that are not Converted Term B-1 Loans.

  • For the avoidance of doubt, no amount shall be payable under Section 3.05 in respect of the principal amount of any Converted Term B-1 Loans as a result of their conversion into Term B-2 Loans.

  • The proceeds of the Term B-12 Loans borrowed in respect of the Additional Term B-12 Commitment shall be used on or about the Amendment No. 45 Effective Date to repay a like aggregate principal amount of Term B-1 Loans that are not Converted Term B-1 Loans.

  • The proceeds of the Term B-2 Loans shall be used for the repayment of Term B-1 Loans that are not Converted Term B-1 Loans.

  • The Borrower shall prepay all Term B-1 Loans that are not Converted Term B-1 Loans on the Amendment No. 1 Effective Date together with all accrued interest and fees owing with respect thereto (including in respect of Converted Term B-1 Loans).

  • The parties hereto shall treat (a) the Converted Term B-1 Loans and the Additional Term B-1 Loans as one fungible tranche for U.S. federal and applicable state and local income tax purposes and (b) the conversion of Initial Term Loans into the Converted Term B-1 Loans as a “significant modification” of such Term B-1 Loans within the meaning of Treasury Regulations Section 1.1001-3(e).

  • The proceeds of the Term Loans shall be used to (i) finance the Term Loan Refinancing; provided that (x) the proceeds of the Term B1 Loans made on the Amendment No. 12 Effective Date shall be used for the repayment of Existing Term B1 Loans that are not Converted Term B1 Loans and (y) the proceeds of the Term B2 Loans made on the Amendment No. 12 Effective Date shall be used for the repayment of Existing Term B2 Loans that are not Converted Term B2 Loans and (ii) and pay related fees and expenses.

  • The Term B-2 Loans may from time to time be Eurocurrency Rate Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Section 2.02; provided that all Term B-2 Loans shall on the Amendment No. 15 Effective Date initially be Eurodollar Rate Loans with an Interest Period equal to the remaining Interest Period on the Converted Term B-1 Loans immediately prior to the effectiveness of Amendment No. 1.

  • No later than 12:00 Noon (New York time) on the Closing Date, the Additional Term B-2 Lenders will make available such Borrowing of Additional Term B-2 Loans requested to be made on such date, in immediately available funds at the Payment Office of the Administrative Agent, and the conversion of Converted Term B-1 Loans shall be effective no later than 12:00 Noon (New York time) on the Closing Date.

Related to Converted Term B-1 Loans

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • New Term Loans as defined in Section 2.24.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Tranche C Term Loan as defined in Section 2.1.

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Tranche B Term Loan as defined in Section 2.1.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Tranche A Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower on the Incremental Facilities Closing Date in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Tranche A Term Commitments is $20,000,000.

  • Tranche A Term Lender means a Lender with a Tranche A Term Commitment or an outstanding Tranche A Term Loan.

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Tranche A Term Loan as defined in Section 2.1.

  • Term B Loans has the meaning specified in Section 2.01(a).

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name in Schedule 1.01A under the caption “Initial Term Commitment.” The initial aggregate principal amount of the Initial Term Commitments as of the Closing Date was $2,670,000,000.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.