Examples of Series A Tranche B Term Loans in a sentence
The repayment or exchange into Series D Tranche B Term Loans, as applicable, of Tranche B Term Loans, Series A Tranche B Term Loans and/or Series B Tranche B Term Loans, as applicable, will not affect the right of any Lender to receive any accrued and unpaid interest with respect to the Tranche B Term Loans, Series A Tranche B Term Loans and/or Series B Tranche B Term Loans, as applicable all of which shall be paid by Borrower on the Series D Tranche B Term Loan Funding Date.
Series A Tranche B Term Loans shall be subject to the provisions of the Credit Agreement and the other Loan Documents, except as set forth in this Amendment, and shall constitute Tranche B Term Loans thereunder.
The Applicable Margin for each New Term Loan made pursuant to this Agreement (each a “Series A Tranche B Term Loan”) shall mean, as of any date of determination, (A) with respect to Series A Tranche B Term Loans that are Eurodollar Loans, 3.75% per annum, and (B) with respect to Series A Tranche B Term Loans that are Base Rate Loans, 2.75% per annum.
Series A Tranche B Term Loans shall be subject to the provisions of the Credit Agreement and the other Credit Documents, except as set forth in this Agreement, and shall constitute Tranche B Term Loans thereunder.
The New Term Loan Lenders party hereto, as applicable, waive the payment of any breakage loss or expense under Section 2.18 of the Credit Agreement in connection with the repayment or exchange into Series D Tranche B Term Loans, as applicable, of Tranche B Term Loans, Series A Tranche B Term Loans and/or Series B Tranche B Term Loans.
Promptly upon receipt thereof, Administrative Agent shall make the proceeds of the Series A Tranche B Term Loans available to Borrower on the date hereof by causing an amount of same day funds in Dollars equal to the proceeds of all such loans received by Administrative Agent from New Term Loan Lenders to be credited to the account of Borrower, at the Principal Office designated by Administrative Agent or to such other account as may be designated in writing to Administrative Agent by Borrower.
Borrower agrees to pay on the date hereof to Administrative Agent, for the account of each New Term Loan Lender party to this Agreement, as fee compensation for the funding of such New Term Loan Lender’s Series A Tranche B Term Loans, a closing fee in an amount equal to 2.50% of the aggregate principal amount of such New Term Loan Lender’s Series A Tranche B Term Loans funded as of the date hereof.
For the avoidance of doubt, Section 5 of this Agreement shall supersede the final paragraph of Section 2.13(a) of the Credit Agreement with respect to Series A Tranche B Term Loans.
Any prepayment of a Series A Tranche B Term Loan Borrowing pursuant to Section 2.11(a) of the Credit Agreement shall be applied to reduce scheduled repayment amounts of the Series A Tranche B Term Loans as directed by the Borrower.
Upon execution and delivery hereof, Administrative Agent will record the Series A Tranche B Term Loans made by New Term Loan Lenders pursuant hereto in the Register.