Definition of Term B-1 Loans


Term B-1 Loans means the Term Loans made pursuant to the Term B-1 Commitment.
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Examples of Term B-1 Loans in a sentence

The Borrower will use the proceeds of all Refinancing Term Loans incurred on the Second Amendment Effective Date to refinance the Term B-1 Loans outstanding immediately prior to the Second Amendment Effective Date.
Term B-1 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
The Borrower will use the proceeds of all Refinancing Term Loans and Term B-1 Loans incurred on the First Amendment Effective Date to refinance the Term Loans outstanding immediately prior to the First Amendment Effective Date and to pay fees (including the prepayment premium required to be paid pursuant to Section 2.20 of this Agreement ) and expenses incurred in connection therewith.
The amount of each such prepayment shall be applied, subject to Section 1.9(b)(vi) below, first to the outstanding Term Loans (to be applied on a ratable basis between the outstanding Term A Loans, Term B-1 Loans, and Term B-2 Loans based on the outstanding principal amounts thereof) until paid in full and then to the Revolving Credit.
The proceeds of the Initial Term Loans will be applied (i) on the Closing Date to pay the Closing Distribution; (ii) with respect to the proceeds of the Initial Term B-1 Loans, to pay Transaction Expenses; and (iii) with respect to any remaining proceeds of the Initial Term B-1 Loans, to fund cash to the Borrowers balance sheet and for other general corporate purposes.