Incremental Tranche B Loan definition

Incremental Tranche B Loan shall have the meaning set forth in Section 2.5(a).
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Incremental Tranche B Loan means, for any Incremental Tranche B Lender, each Loan made by such Incremental Tranche B Lender under Section 2.01(b)(iii) in an original aggregate principal amount not to exceed such Incremental Tranche B Lender’s Incremental Tranche B Commitment. “Incremental Tranche B Loans” means the aggregate amount of all such Incremental Tranche B Loans made by all Incremental Tranche B Lenders.
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Incremental Tranche B Loan has the meaning given such term in the Twelfth Amendment.
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Examples of Incremental Tranche B Loan in a sentence

  • On the Twelfth Amendment Effective Date, the aggregate principal amount of the New Tranche B Loans, after giving effect to the making of the Incremental Tranche B Loan, is $33,493,564.67.

  • The Borrower’s execution of this Amendment shall constitute the Borrower’s request for an Incremental Tranche B Loan in the amount of $13,236,741.61 and shall otherwise satisfy any Borrowing Request requirements set forth in the Loan Documents.

  • Borrower agrees to pay on each Drawing Date to each Increase Lender on the Drawing Date, as fee compensation for the funding of such Increase Lender’s Incremental Tranche B Loan, a drawing fee (the “Drawing Fee”) in an amount equal to 0.99% of the stated principal amount of such Increase Lender’s Incremental Tranche B Loan to be advanced on such Drawing Date, payable to such Increase Lender from the proceeds of its Incremental Tranche B Loan as and when funding on such Drawing Date.

  • The Administrative Agent shall only be required to advance funds to the Borrower with respect to Incremental Tranche B Loan to the extent that the Administrative Agent shall have received such funds from the Tranche B Lender.

  • Any Incremental Tranche B Loan shall have terms identical to the Tranche B Loans existing on the Closing Date and shall be treated as Tranche B Loans for all purposes under this Agreement and the other Credit Documents, except for fees payable to Tranche B Lenders providing commitments for the Incremental Tranche B Loan.

  • Upon making the Incremental Tranche B Loan, the Incremental Tranche B Loan Commitment and all other commitments to make loans and/or provide any other financial accommodation under the Loan Documents shall be terminated.

  • If any deposit made pursuant to the Purchase Agreement with the proceeds of the Incremental Tranche B Loan is returned to the Credit Parties or any of their Subsidiaries, the Borrower shall promptly apply the entire amount of such deposit to prepay the New Tranche B Loans.

  • Each existing Tranche B Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its existing Tranche B Loan Commitment and fund the Incremental Tranche B Loan.

  • The conditions precedent to the funding of the Incremental Tranche B Loan are set forth on Appendix A to this Amendment.

  • The Incremental Tranche B Loan shall accrue interest and be prepaid and repaid (and shall mature) on the same terms as the New Tranche B Loans.

Related to Incremental Tranche B Loan

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

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

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

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Term Loan Note means a promissory note made by the Company in favor of an Incremental Term Lender, evidencing Incremental Term Loans made by such Incremental Term Lender, substantially in the form of Exhibit B-4.

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

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

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

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

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

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Term Loan Commitment Amount means, (a) as to any Lender that is a Lender on the Closing Date, the dollar amount set forth opposite such Lender’s name on the Commitment Annex under the column “Term Loan Commitment Amount”, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party, and (b) as to any Lender that becomes a Lender after the Closing Date, the amount of the “Term Loan Commitment Amount(s)” of other Lender(s) assigned to such new Lender pursuant to the terms of the effective assignment agreement(s) pursuant to which such new Lender shall become a Lender, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

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

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).