Definition of Term B-1 Borrowing


Term B-1 Borrowing means a borrowing consisting of simultaneous Term B-1 Loans of the same Type and having the same Interest Period made by each of the Term B-1 Lenders pursuant to Section 2.01(a)(ii).

Examples of Term B-1 Borrowing in a sentence

Each Term B-1 Lender will make the amount of its pro rata portion of the Term B-1 Borrowing available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in Section 10.01 prior to 10:00 a.m., New York City time, on the Original Effective Date in funds immediately available to the Administrative Agent.
The Term B-1 Borrowing shall consist of Term B-1 Advances made simultaneously by the Term B-1 Lenders in accordance with their respective Ratable Share of the Term B-1 Facility.
Term B-1 Borrowing means a borrowing pursuant to Section 2.01(a)(iv) or (v) consisting of simultaneous Term B-1 Loans of the same Type made by the Term B-1 Lenders.
The Euro Term B-1 Borrowing shall consist of Euro Term B-1 Advances made simultaneously by the Euro Term B-1 Lenders in accordance with their respective Ratable Share of the Euro Term B-1 Facility.
Each Term B-1 Borrowing shall consist of Term B-1 Advances made simultaneously by the Term B-1 Lenders ratably according to their Term B-1 Commitments.