Incremental Tranche B Term Loan definition

Incremental Tranche B Term Loan means a term loan made by a Lender to the Borrower under an Incremental Tranche B Term Facility.

Incremental Tranche B Term Loan has the meaning provided in Section 2.06(b)(iii).

Incremental Tranche B Term Loan means any Incremental Term Loan that would be considered a “Term B” loan under then-existing customary market convention.

Examples of Incremental Tranche B Term Loan in a sentence

• Each Borrowing of Incremental Tranche B Term Loans under this Agreement shall be granted by the Lenders pro rata on the basis of their then-applicable Incremental Tranche B Term Loan Commitments.

• No amount of the Tranche B Term Loan repaid or prepaid by the US Borrower may be reborrowed hereunder, and no Borrowing under the Tranche B Term Loan Facility shall be allowed other than the advance set forth in the first sentence of this Section 2.01(b) and any Incremental Tranche B Term Loan advanced as part of any Facilities Increase.

• The Term Loans, including any Incremental Tranche B Term Loan, may consist of Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

• Each Lender with an Incremental Tranche B Term Loan Commitment pursuant to Section 2.06(b) severally agrees to make its portion of the applicable Incremental Tranche B Term Loan in a single advance in Dollars to the Borrower in an aggregate amount not to exceed such Lender’s Incremental Tranche B Term Loan Commitment; provided, however, that after giving effect to the Borrowing of the applicable Incremental Tranche B Term Loan, the Total Facility Outstandings shall not exceed the Borrowing Base.

• The obligation of each Incremental Tranche B Term Lender to make an Incremental Tranche B Term Loan shall be several and not joint.

More Definitions of Incremental Tranche B Term Loan

Incremental Tranche B Term Loan has the meaning set forth in Section 2.01(c) (Facilities Increase).

Incremental Tranche B Term Loan refers to a Loan made by the Lenders pursuant to Section 2.01(a)(iv).

Incremental Tranche B Term Loan means a loan made pursuant to Section 2 of the Incremental Tranche B Term Amendment. “Incremental Tranche B Term Maturity Date” means January 31, 2019, as the same may be extended pursuant to Section 2.22.

Incremental Tranche B Term Loan means an Incremental Term Loan that is any of (i) an increase to the Tranche B Term Loans made on the Closing Date, (ii) an increase to a prior Series of Incremental Tranche B Term Loans or (iii) a new Series of Incremental Tranche B Term Loans. “Incremental Tranche B Term Loan Note” means a promissory note in the form of Exhibit B-4, as it may be amended, restated, supplemented or otherwise modified from time to time. “Indebtedness” means, as applied to any Person, without duplication, (a) all indebtedness for borrowed money to the extent such indebtedness would be considered indebtedness for borrowed money in accordance with IFRS; (b) that portion of obligations with respect to Capital Leases that is properly classified as a liability on a balance sheet in conformity with IFRS; (c) notes payable and drafts accepted representing extensions of credit whether or not representing obligations for borrowed money; (d) any obligation owed for all or any part of the deferred purchase price of property or services, including any earn-out obligations (excluding any such obligations incurred under ERISA), which purchase price is (i) due more than twelve (12) months from the date of incurrence of the obligation in respect thereof or (ii) evidenced by a note or similar written instrument; (e) all indebtedness (excluding prepaid interest thereon) secured by any Lien on any property or asset owned or held by that Person regardless of whether the indebtedness secured thereby shall have been assumed by that Person or is nonrecourse to the credit of that Person; provided, that any Indebtedness pursuant to this clause (e) shall in each case be limited to the lower of the amount of the indebtedness secured and the fair market value of the property or asset; (f) the face amount of any letter of credit issued for the account of that Person or as to which that Person is otherwise liable for reimbursement of drawings; (g) Disqualified Equity Interests; (h) the direct or indirect guaranty, endorsement (otherwise than for collection or deposit in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such Person of the obligation of another; (i) all net obligations of such Person in respect of any exchange traded or over the counter derivative transaction, including any Interest Rate Agreement and any Currency Agreement, in each case, whether entered into for hedging or speculative purposes; provided, that in no event shall obligations unde...

Incremental Tranche B Term Loan in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

Incremental Tranche B Term Loan means (a) prior to the Tranche B Maturity Date Extension Effective Date, a loan made pursuant to Section 2 of the Incremental Tranche B Term Amendment and (b) on or after the Tranche B Maturity Date Extension Effective Date, any Extended Incremental Tranche B Term Loan or Non-Extended Incremental Tranche B Term Loan, as applicable.

Incremental Tranche B Term Loan as defined in subsection 2.6(c).