Term B-1 Advance definition
Examples of Term B-1 Advance in a sentence
Each Additional Term B-1 Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (an "Additional Term B-1 Advance") to the Borrower on the Amendment No. 1 Effective Date in an amount not to exceed such Lender's Additional Term B-1 Commitment at such time.
Each such prepayment of any Term B-1 Advance, any Term B-2 Advances or any Additional Term Advances shall be applied to the installments thereof in inverse order of maturity.
In addition, any Term B-1 Lender that has consented to the Amendment may also commit to extend all or a portion of its existing Term B-1 Advance (which shall be converted into a Term B-2 Advance and/or Term B-3 Advance in accordance with, and subject to, the Amendment) by completing Item #2 and/or Item #3 to the left of the signature block below.
Each prepayment of the Term Advances made pursuant to this Section 2.07(c) shall be applied pro rata to a mandatory prepayment of the Term Advances (with the amount of such prepayment of the Term Advances being applied to the remaining Term A Advance, Term B-1 Advance and Term B-2 Advance amortization payments, pro rata in accordance with the amount of each such remaining Term Advance amortization payment of such Class).