Examples of New Tranche B Term Loan in a sentence
Any portion of an Existing Tranche B Term Loan converted by a Converting Tranche B Term Lender into a New Tranche B Term Loan as contemplated hereby is referred to herein as a “Converted Loan”.
Each Borrowing of New Tranche B Term Loans under this Agreement shall be granted by the Lenders pro rata on the basis of their then-applicable New Tranche B Term Loan Commitments.
Each Term Loan Note issued with respect to Term Loans provided under the initial Term Loan Commitment shall be dated the Closing Date and each Term Loan Note issued with respect to Term Loans provided under the New Tranche B Term Loan Committed Amount shall be dated the Third Amendment Effective Date.
The proceeds of the New Tranche B Term Loans shall be used by the Borrower on the Amendment No. 1 Effective Date solely to repay the principal amount of the Term Loans outstanding as of the Amendment No. 1 Effective Date, together with all accrued but unpaid interest thereon and all fees and expenses of the Borrower payable in connection with this Amendment, the New Tranche B Term Loan Commitments and the New Tranche B Term Loans.
By executing this Lender Addendum, the undersigned institution agrees (A) to the terms of the Amendment and the Credit Agreement as amended thereby and (B) on the terms and subject to the conditions set forth in the Amendment and the Credit Agreement as amended thereby, to make and fund New Tranche B Term Loans on the Amendment Effective Date in the amount of such Additional Tranche B Term Lender’s New Tranche B Term Loan Commitment.
Compulsory social insurance has played an important role to guarantee the income replacement or compensation in case insured people’s earning capacities are lost or reduced due to sickness, working injury, occupational disease, maternity leave, old age or death.
The New Tranche B Term Loan Commitment of each New Tranche B Term Lender shall automatically terminate upon the making of the New Tranche B Term Loans on the Amendment No. 1 Effective Date.
The proceeds of the New Tranche B Term Loans shall be used by the Company on the Amendment No. 2 Effective Date solely to repay the principal amount of the Term Loans outstanding as of the Amendment No. 2 Effective Date, together with all accrued but unpaid interest thereon and fees with respect thereto and all fees and expenses of the Company payable in connection with this Amendment, the New Tranche B Term Loan Commitments and the New Tranche B Term Loans.
The aggregate principal amount of the New Tranche B Term Loan facility on the Second Amendment Effective Date shall be $365,000,000.
The parties hereto acknowledge that the New Tranche B Term Loan does not constitute an Additional Loan or an Incremental Facility.