Examples of Initial Term B Loan in a sentence
The Parent Borrower will use commercially reasonable efforts to cause (x) a public credit rating, public corporate family rating and/or equivalent rating, in each case, for the Initial Term B Loan Facility issued by at least two of S&P, Xxxxx’x or Xxxxx, and (y) the Parent Borrower’s public corporate credit rating and/or equivalent rating issued by at least two of S&P, Xxxxx’x or Xxxxx, in each case, to be maintained (but not to obtain or maintain a specific rating).
Subject to Section 2.2(b), not later than 12:00 Noon, New York City time, on the Closing Date each Initial Term B Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Initial Term B Loan or Initial Term B Loans to be made by such Initial Term B Lender.