Examples of Incremental Tranche B Term Loans 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.
Once advanced, Incremental Tranche B Term Loans shall be aggregated with Tranche B Term Loans and all such Loans shall be referred to as Tranche B Term Loans.
Any Incremental Tranche B Term Loans made on an Increased Amount Date may be designated, a separate series (a “Series”) or Class of Incremental Tranche B Term Loans for all purposes of this Agreement or may be an increase to an existing Series or Class.
Any Incremental Tranche B Term Loans made on an Increased Amount Date shall be designated, a separate series (a “Series”) of Incremental Tranche B Term Loans for all purposes of this Agreement.
The Incremental Tranche A Term Loans bear interest at a per annum rate equal to LIBOR plus 1.5% to 2.25%, based on CCOC's total net leverage ratio.The Credit Facility, Incremental Tranche A Term Loans and Incremental Tranche B Term Loans currently bear interest at 2.17%, 2.17% and 3.25%, respectively.