Definition of Term B-1 Facility

  1. Term B-1 Facility means, at any time, the aggregate amount of the Term B-1 Lenders' Term B-1 Commitments at such time.

Examples of Term B-1 Facility in a sentence

  1. Each Borrowing of Term B-1 Loans shall consist of Term B-1 Loans made simultaneously by the Term B-1 Lenders in accordance with their respective Applicable Percentages with respect to the Term B-1 Facility.
  2. 1 Effective Date under the Incremental Term B-1 Facility (the Initial Incremental Borrowing).
  3. The Borrower shall use commercially reasonable efforts to maintain (a) a public corporate credit rating from S&P, (b) a public corporate family rating from Moodys and (c) a public rating of the Facilities under this Agreement so long as there is any Outstanding Amount under the Term B-1 Facility, the Term B-2 Facility, any Extended Term Facility or any Other Term Facility; provided that in no event shall the Borrower be required to maintain any specific rating.

Definition of Term B-1 Facility in Collateral Agent

Term B-1 Facility means, at any time, the aggregate amount of the Term B-1 Lenders' Term B-1 Commitments at such time.