Original Term B Lenders definition

Original Term B Lenders means the Lenders that advanced the Original Term B Loans to the Company under the Original Credit Agreement. “Original Term B Loans” means the Term B Loans extended by the Original Term B Lenders to the Company pursuant to the Original Credit Agreement. “Other Taxes” means any and all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement. “Overadvance” means a Canadian Overadvance or a Domestic Overadvance, as the context indicates; and “Overadvances” means Canadian Overadvances and Domestic Overadvances, collectively. “Participant” has the meaning assigned to such term in Section 9.04. “Paying Guarantor” has the meaning assigned to such term in Section 10.11. “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions. “Permitted Discretion” means a determination made in good faith and in the exercise of reasonable (from the perspective of a secured asset-based lender) credit judgment. “Permitted Encumbrances” means: (a) Liens imposed by law for taxes, fees, assessments, or other governmental charges or levies on the property of a Loan Party if such (i) amounts are not at the time delinquent or (ii) do not secure obligations in excess of $250,000, are being contested in compliance with Section 5.04 and a stay of enforcement of such Lien is in effect; (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 10 days or are being contested in compliance with Section 5.04; (c) Liens arising out of pledges and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance, old age pensions and other social security or retirement benefits laws or regulations;
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Original Term B Lenders means, collectively, the financial institutions that hold Original Term B Obligations on the date hereof, and in the singular any one of them.
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Original Term B Lenders means the Term B Lenders signatory to this Agreement on the Closing Date.
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Examples of Original Term B Lenders in a sentence

  • The Company will use its best efforts to (i) effect the appointment of the Designated Board Members and (ii) prevent the removal or replacement of the Designated Board Members, without cause (including a violation of the Company’s code of ethics), without the consent of the Original Term B Lenders.

  • On the Amendment No. 2 Effective Date, the Borrower shall pay all accrued and unpaid interest on the Original Term B Loans to the Original Term B Lenders; provided, however, that the existing Interest Periods in effect for the Term B Loans outstanding prior to the Amendment No. 2 Effective Date shall continue for such Loans following conversion to Term B1 Loans on and after the Amendment No. 2 Effective Date.

  • The Original Term B Lenders shall within fifteen (15) days after receipt of the ROFR Notice notify the Company (the “Response Notice”) either that they intend to accept the invitation to provide the full amount of the Term A Loan Refinancing on the terms and conditions as aforesaid, or decline to provide the Term A Loan Refinancing.

  • The undersigned Original Term B Lender hereby acknowledges and agrees that in the absence of a change to the terms and conditions of the Amendment that is (x) materially adverse to the Original Term B Lenders and (y) made after the submission of this Consent, this Consent is irrevocable.

  • Simultaneously with the conversion to or making of the Term B1 Loans, the Borrower shall have paid to all the Original Term B Lenders all accrued and unpaid interest on the Original Term B Loans to the Amendment No. 2 Effective Date, in the case of the repayment in full of any Original Term B Loans that are not converted to Term B1 Loans, plus any loss or expense pursuant to Section 3.4 of the Credit Agreement.

  • If the Original Term B Lenders accept the invitation to provide the full amount of the Term A Loan Refinancing as aforesaid, the Company and the Original Term B Lenders shall negotiate in good faith definitive documentation for the Term A Loan Refinancing.

  • If the Original Term B Lenders shall fail to give the Response Notice, they shall be considered to have declined to provide the Term Loan A Refinancing.

  • If (i) the Original Term B Lenders decline to provide the Term A Loan Refinancing, either pursuant to the Response Notice or by failing to give the Response Notice, or (ii) the Original Term B Lenders have not entered into definitive documentation for, and consummated, the Term A Loan Refinancing within 60 days after receipt by the Company of the Response Notice, the Original Term B Lenders shall have no further rights under this Section 3.19.

  • So long as the Original Term B Lenders hold at least fifty-one percent (51%) of the outstanding principal amount of the Term B Loans, the Company shall permit up to two representatives of the Original Term B Lenders (together, the “Designated Board Members” and each individually, a “Designated Board Member”), reasonably acceptable to the Company, to be designated to the Board of Directors (at the option of the Original Term B Lenders) by the Original Term B Lenders.

  • The ROFR Notice shall set forth the material terms and conditions of the proposed Term A Loan Refinancing and shall invite such Original Term B Lenders to provide the full amount of the Term A Loan Refinancing (on terms and conditions substantially similar to those offered by the third party lenders offering the Term A Loan Refinancing).


More Definitions of Original Term B Lenders

Original Term B Lenders means the Lenders that advanced the Original Term B Loans to the Company under the Original Credit Agreement.
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Related to Original Term B Lenders

  • Required Term B Lenders means, as of any date of determination, Term B Lenders holding more than 50% of the Term B Facility on such date; provided that the portion of the Term B Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term B Lenders.

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

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

  • Term B Loans means the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a) and any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

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

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

  • 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.

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

  • Tranche B Term Lender each Lender that has a Tranche B Term Commitment or that holds a Tranche B Term Loan.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

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

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

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

  • 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.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

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

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

  • Total Term Loan Commitment means, at any time, the sum of the Term Loan Commitments of each of the Lenders at such time.

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

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • New Term Lender a Lender that has a New Term Loan.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Tranche A Term Lender each Lender that has a Tranche A Term Commitment or that holds a Tranche A Term Loan.

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