Examples of Series E Tranche B Term Loans in a sentence
Any previously issued Notes, if any, evidencing (x) Converted Series B Tranche B Term Loans are amended to reflect the terms and conditions evidencing the Series D Tranche B Term Loans or Series E Tranche B Term Loans, as applicable, and (y) Converted Series C Tranche B Term Loans are amended to reflect the terms and conditions evidencing the Series D Tranche B Term Loans or the Series E Tranche B Term Loans, as applicable.
The Acquisition shall have been consummated or shall be consummated substantially simultaneously with the initial borrowing of the Series E Tranche B Term Loans.
The repayment or exchange and/or conversion into Series E-1 Tranche B Term Loans of Series E Tranche B Term Loans will not affect the right of any Lender to receive any accrued and unpaid interest with respect to the Series E Tranche B Term Loans all of which shall be paid by Borrower on the Series E-1 Tranche B Term Loan Funding Date.
Promptly upon receipt thereof, Administrative Agent shall make the proceeds of the Series E 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.
For the avoidance of doubt, pursuant to Section 2.20(c) of the Credit Agreement, the Applicable Rate for the Series E Tranche B Term Loans shall be 5.00% per annum for Eurodollar Loans and 4.00% per annum for ABR Loans from and after the Amendment Effective Date.
Whether such offense was committed for purpose of commercial advantage or private financial benefit.
The Applicable Margin for each New Term Loan made pursuant to this Agreement (each a “Series E Tranche B Term Loan”) shall mean, as of any date of determination, (A) with respect to Series E Tranche B Term Loans that are Eurodollar Loans, 3.75% per annum, and (B) with respect to Series E Tranche B Term Loans that are Base Rate Loans, 2.75% per annum.
The proceeds of the Series E Tranche B Term Loans on the Series E Tranche B Term Loan Funding Date shall be used to finance a portion of the Bausch & Lomb Transactions; provided that any excess proceeds of the Series E Tranche B Term Loans remaining after the financing of the Bausch & Lomb Transactions may be used for general corporate purpose of the Borrower.
The New Term Loan Lenders party hereto waive the payment of any breakage loss or expense under Section 2.18 of the Credit Agreement in connection with the repayment or exchange and/or conversion into Series E-1 Tranche B Term Loans of Series E Tranche B Term Loans.
Scheduled installments of principal of the Series E Tranche B Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Series E Tranche B Term Loans in accordance with Sections 2.12, 2.13 and 2.14 of the Credit Agreement respectively.