Initial Term B Loan definition

Initial Term B Loan has the meaning specified in Section 2.01(b).

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Initial Term B Loan has the meaning assigned to such term in Section 2.1.4 [Term B Loans].

Examples of Initial Term B Loan in a sentence

The full amount of the Initial Term B Loan Commitments must be drawn in a single drawing on the Effective Date.
For the avoidance of doubt, the Initial Term A Loan Commitments and the Initial Term B Loan Commitments terminated on the Closing Date upon the funding of Initial Term A Loans and Initial Term B Loans, respectively, on the Closing Date.
On the Effective Date (after giving effect to the funding of the Initial Term B Loans on such date), the Initial Term B Loan Commitments of each Term Lender with an Initial Term B Loan Commitment as of the Effective Date will automatically and permanently terminate.
Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Term B Lender made a term loan (an “Initial Term B Loan”) to the Borrower on the Closing Date in a principal amount equal to such Lender’s Initial Term B Loan Commitment as in effect on the Closing Date.
Not later than 11:00 a.m., 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 to be made by such Lender.

More Definitions of Initial Term B Loan

Initial Term B Loan means a Term Loan made by a Lender to the Borrower on the Closing Date pursuant to Section 2.1(a).

Initial Term B Loan means the Term B Loans made on the Closing Date by the Term B Lenders that are outstanding immediately prior to the effectiveness of the Second Amendment.

Initial Term B Loan means a Loan made pursuant to Section 2.01.

Initial Term B Loan is defined in clause (c) of Section 2.1.1. ------------------- ---------- -------------

Initial Term B Loan means any Term B Loan borrowed on the First Repricing Effective Date by the TLB Borrowers pursuant to the First Repricing Agreement, including all Allocated Amounts.”

Initial Term B Loan means a Loan made pursuant to clause (a) of Section 2.01 .

Initial Term B Loan means, collectively, (i) the Term B Loans made to the Borrower on the Closing Date pursuant to Section 2.1(a) and (ii) the 2023-1 Incremental Term B Loans made to the Borrower on the Amendment No. 1 Effective Date pursuant to Amendment No. 1. “Initial Term B Repayment Amount” shall have the meaning provided in Section 2.05(b). “Inside Maturity Basket” means, with respect to Indebtedness or Disqualified Stock, an aggregate principal amount and/or liquidation preference not to exceed, when taken together with the aggregate outstanding principal amount of all other Indebtedness incurred and the aggregate liquidation preference of all Disqualified Stock issued and outstanding in reliance on this definition on or prior to the date of incurrence of any such Indebtedness or issuance of any such Disqualified Stock, as applicable, the greater of (a) $525,000,000 and (b) 50% of Consolidated Adjusted EBITDA for the most recently completed Test Period. “Insolvent” shall mean, with respect to any Multiemployer Plan, the condition that such Multiemployer Plan is “insolvent” within the meaning of Section 4245 of ERISA. “Intercompany Subordinated Note” shall mean the Intercompany Note, dated as of the Closing Date, executed by the Borrower and each Restricted Subsidiary of the Borrower party thereto. “Interest Period” shall mean, with respect to any Term B Loan, Revolving Loan or Extended Revolving Loan, the interest period applicable thereto, as determined pursuant to Section 2.09. “Investment” shall mean, for any Person: (a) the acquisition (whether for cash, property, services or securities or otherwise) of Stock, Stock Equivalents, bonds, notes, debentures, partnership, limited liability company membership or other ownership interests or other securities of any other Person (including any “short sale” or any sale of any securities at a time when such securities are not owned by the Person entering into such sale); (b) the making of any deposit with, or advance, loan or other extension of credit to, any other Person (including the purchase of property from another Person subject to an understanding or agreement, contingent or otherwise, to resell such property to such other Person) (including any partnership or joint venture); (c) the entering into of any Guarantee Obligation with respect to Indebtedness; or (d) the purchase or other acquisition (in one transaction or a series of transactions) of all or substantially all of the property and assets or business of anothe...