Term B-1 Facility definition

Term B-1 Facility means the credit facility constituted by the Term B-1 Commitments and the Term B-1 Loans thereunder.

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

Term B-1 Facility means the Additional Term B-1 Commitments and the Term B-1 Loans made hereunder.

Examples of Term B-1 Facility in a sentence

• Each such prepayment shall be applied ratably to the Term A Facility, the Term B-1 Facility, the Term B-2 Facility, the Term B-3 Facility, the Term B-4 Facility and the Term C Facility.

• Each such prepayment shall be applied (x) with respect to any such prepayment on or prior to June 30, 2021, ratably to the Term A Facility, the Term B-1 Facility, the Term B-2 Facility, the Term B-3 Facility and the Term C Facility and (y) with respect to any such prepayment after June 30, 2021, ratably to the Term A Facility, the Term B-1 Facility, the Term B-2 Facility, the Term B-3 Facility and the Term C Facility and to the principal repayment installments thereof on a pro rata basis.

• The Commitments under the Term B-1 Facility, the Term B-2 Facility and the Term B-3 Facility shall be automatically and permanently reduced to zero on the earlier of (x) the date of the Borrowing under such Term B-1 Facility, Term B-2 Facility or Term B-3 Facility, as applicable, pursuant to Section 2.01 and (y) the date that the Term B-1 Availability Period, Term B-2 Availability Period or the Term B-3 Availability Period, as applicable, shall end.

• Each such prepayment shall be applied (x) with respect to any such prepayment on or prior to [June 30, 2021], ratably to the Term A Facility, the Term B-1 Facility, the Term B-2 Facility, the Term B-3 Facility and the Term C Facility and (y) with respect to any such prepayment after [June 30, 2021], ratably to the Term A Facility, the Term B-1 Facility, the Term B-2 Facility, the Term B-3 Facility and the Term C Facility and to the principal repayment installments thereof on a pro rata basis.

• The Term B-1 Facility Funding Date Closing Fee shall be earned, due and payable in full on the First Amendment Effective Date.

More Definitions of Term B-1 Facility

Term B-1 Facility means, at any time, (a) on or prior to the First Amendment Effective Date, the aggregate amount of the Term B-1 Commitments at such time and (b) thereafter, the aggregate principal amount of the Term B-1 Loans of all Term B-1 Lenders outstanding at such time.

Term B-1 Facility means the facility in respect of the Term B-1 Loans.

Term B-1 Facility means the Term B-1 Loans and any Incremental Term B-1 Loans or any refinancing thereof.

Term B-1 Facility means the aggregate principal amount of the 2017 Refinancing Term B-1 Loans of all 2017 Refinancing Term B-1 Lenders outstanding.

Term B-1 Facility means the credit facility provided by the Term B-1 Lenders on the Amendment No. 5 Closing Date pursuant to Amendment No. 5.

Term B-1 Facility means, at any time, the aggregate amount of the Term B-1 Lenders’ Term B-1 Commitments at such time. “Term B-1 Lender” means any Lender that has a Term B-1 Commitment.

Term B-1 Facility means (i) at any time on or prior to the Fourth Amendment Effective Date, the aggregate amount of the Term B-1 Commitment at such time and (ii) at any time after the Fourth Amendment Effective Date, the aggregate amount of the Term B-1 Loans at such time.