Initial Term B Loans definition

Initial Term B Loans means the term loans made by the Initial Term B Lenders to the Borrowers pursuant to Section 2.01(a)(ii) and the Replacement Term B Loans (as defined in Amendment No. 1).

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

Initial Term B Loans has the meaning specified in Section 2.01(a).

Examples of Initial Term B Loans in a sentence

• The Borrower shall use commercially reasonable efforts to (a) cause the Initial Term B Loans to be continuously rated (but not any specific rating) by S&P and Xxxxx’x and (b) maintain a public corporate rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Xxxxx’x.

• The Initial Term B 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.

• Once repaid or prepaid, the Initial Term B Loans may not be reborrowed.

• The aggregate outstanding principal amount of the Initial Term B Loans for all purposes of this Agreement and the other Loan Documents shall be the stated principal amount thereof outstanding from time to time.

• The Borrower shall give the Administrative Agent irrevocable written notice (which notice must be received by the Administrative Agent at least one Business Day prior to the anticipated Closing Date or such later date as the Administrative Agent may agree) requesting that the Initial Term B Lenders make the Initial Term B Loans on the Closing Date and specifying the amount to be borrowed and the requested Interest Period, if applicable.

More Definitions of Initial Term B Loans

Initial Term B Loans as defined in the Term Loan Agreement.

Initial Term B Loans means (a) the term loans made by the Term Lenders to the Borrower on the Effective Date pursuant to Section 2.01(b), and (b) any Incremental Term Loans in the form of additional Initial Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(df).

Initial Term B Loans means (a) the term loans made by the Term Lenders to the Borrowers pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of additional Initial Term B Loans made by the Incremental Term Lenders to the Borrowers pursuant to Section 2.01(c).

Initial Term B Loans means (i) prior to the Amendment Effective Date, a Loan made by an Initial Term B Lender pursuant to Section 2.01(a) or (ii) on and after the Amendment Effective Date, any New Term Loans made or continued pursuant to the First Amendment.

Initial Term B Loans means the term loans made by the Initial Term B Lenders to the Borrowers pursuant to Section 2.01(a)(ii). “Initial Term B Loan Maturity Date” means the date that is seven years after the Closing Date.

Initial Term B Loans means (i) prior to the Amendment Effective Date, a Loan made by an Initial Term B Lender pursuant to Section 2.01(a), (ii) on and after the Amendment Effective Date but prior to the Third Amendment Effective Date, any New Term Loans made or continued pursuant to the First Amendment, (iii) on and after the Third Amendment Effective Date but prior to the Fourth Amendment Effective Date, any New 2022 Term Loans made or continued pursuant to the Third Amendment, (iv) on and after the Fourth Amendment Effective Date but prior to the Fifth Amendment Effective Date, any Repriced 2022 Term Loans made or continued pursuant to the Fourth Amendment or (v) on and after the Fifth Amendment Effective Date, any Extended 2025 Term Loans made or continued pursuant to the Fifth Amendment.

Initial Term B Loans means (i) prior to the Amendment Effective Date, a Loan made by an Initial Term B Lender pursuant to Section 2.01(a), (ii) on and after the Amendment Effective Date but prior to the Third Amendment Effective Date, any New Term Loans made or continued pursuant to the First Amendment, (iii) on and after the Third Amendment Effective Date but prior to the Fourth Amendment Effective Date, any New 2022 Term Loans made or continued pursuant to the Third Amendment or (iv) on and after the Fourth Amendment Effective Date, any Repriced 2022 Term Loans made or continued pursuant to the Fourth Amendment.