Initial Term B-1 Loans definition

Initial Term B-1 Loans has the meaning set forth in Section 2.01(g).
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Initial Term B-1 Loans means the term loans made by the Lenders pursuant to Section 2.01(a)(i). The aggregate amount of the Initial Term B-1 Loans outstanding on the Amendment Effective Date is $1,736,875,000.00.
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Initial Term B-1 Loans the Term Loans made to the Borrower on the Closing Date pursuant to Section 2.1(a).
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Examples of Initial Term B-1 Loans in a sentence

  • The proceeds of the Initial Term Loans will be applied (i) on the Closing Date to pay the Closing Distribution; (ii) with respect to the proceeds of the Initial Term B-1 Loans, to pay Transaction Expenses; and (iii) with respect to any remaining proceeds of the Initial Term B-1 Loans, to fund cash to the Borrower’s balance sheet and for other general corporate purposes.

  • Each Consenting Third Incremental Term Lender hereby agrees to waive any entitlement to any breakage loss or expenses due under Section 3.05 with respect to the repayment of its Third Incremental Term Loans it holds as a Term Lender which have been replaced with Initial Term B-1 Loans.

  • Initial Term B-1 Loans shall be made as Term SOFR Loans as further provided in Amendment No. 7.

  • Initial Term B-1 Loans shall be made as Term 107 SOFR Loans as further provided in Amendment No. 7.

  • For the avoidance of doubt, the Initial Term Loans may be converted into Term B-1 Loans as contemplated by Amendment No. 2 and the Initial Term B-1 Loans may be converted into Term B-12 Loans as contemplated by Amendment No. 2.3. All proceeds of the Revolving Loans incurred on the Closing Date may be utilized (i) to replace, backstop or cash collateralize any existing letters of credit or surety bonds and (ii) to finance the Transaction and for working capital needs.

  • The parties hereto shall treat all Fourth Incremental Term Loans and all Initial Term B-1 Loans as fungible for U.S. federal income tax purposes, and unless otherwise required by applicable law, none of the Borrower, the Administrative Agent or any Lender shall take any tax position inconsistent with foregoing.

  • Initial Term B-1 Loans and Term B-2 Loans may be Base Rate Loans or Eurocurrency RateSOFR Loans, as further provided herein.

  • The Initial Term B-1 Borrowing shall consist of Initial Term B-1 Loans made simultaneously by the Term Lenders in accordance with their respective Initial Term B-1 Commitments.

  • All Closing Fees so capitalized pursuant to this Section 2.9(a) shall be treated as principal of the Initial Term B-1 Loans for all purposes of this Agreement.

  • The Initial Term B-1 Loans comprising each ABR Term Loan Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Margin for ABR Initial Term B Loans.

Related to Initial Term B-1 Loans

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

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • 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-1 Loan means a Loan made pursuant to 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.

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

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

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

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

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

  • Tranche C Term Loan as defined in Section 2.1.

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

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

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 or 9.02(c)(i).

  • 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.

  • 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.

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

  • 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.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • 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 B Term Loan as defined in Section 2.1.

  • New Term Loans as defined in Section 2.24.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Other Term Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Term B-1 Lender means, at any time, any Lender that has a Term B-1 Commitment or a Term B-1 Loan at such time.