Term B-1 Repricing Transaction definition

Term B-1 Repricing Transaction means (i) any prepayment, refinancing, substitution or replacement of all or a portion of the Term B-1 Loans with the incurrence by Holdings, the Borrower or any Subsidiary of any debt financing (including any Replacement Term Loans) the primary purpose of which is to reduce the All-In Yield of such debt financing relative to the All-In Yield of such Term B-1 Loans so repaid, refinanced, substituted or replaced and (ii) any amendment to this Agreement the primary purpose of which is to reduce the All-In Yield applicable to the Term B-1 Loans; but excluding, in any such case, any refinancing of Term B-1 Loans in connection with a Change of Control.
Sample 1Sample 2Sample 3
Term B-1 Repricing Transaction means (a) any prepayment, repayment, refinancing, substitution or replacement of all or a portion of Term B-1 Loan with the proceeds of, or any conversion of the Term B-1 Loan into, any new or replacement tranche of term loans the primary purpose or result of which is to reduce the All-In Yield applicable to such Term B-1 Loan or (b) any amendment, amendment and restatement or other modification to this Agreement, the primary purpose or result of which is to reduce the All-In Yield applicable to the Term B-1 Loan. Other terms defined in the Credit Agreement shall have the same meaning in this Joinder Agreement, unless specified otherwise.
Sample 1
Term B-1 Repricing Transaction means (a) any prepayment or repayment of the Term B-1 Loans with the proceeds of, or any conversion of, the Term B-1 Loans into other Loans for the primary purpose of prepaying, repaying or replacing the Term B-1 Loans and having or resulting in an All-In Yield less than the All-In Yield of the Term B-1 Loans being prepaid or repaid or (b) any amendment to the Term B-1 Loans the primary purpose of which is to reduce the All-In Yield of such Term B-1 Loans.
Sample 1

Examples of Term B-1 Repricing Transaction in a sentence

  • Such fees shall be earned, due and payable upon the date of the effectiveness of such Term B-1 Repricing Transaction.

  • In 1996, management measures were taken to reduce the fishing pressure in the lagoon due to net fishing.

Related to Term B-1 Repricing Transaction

  • Repricing Transaction means (i) the incurrence by the Borrower of any Indebtedness in the form of a similar term loan that is broadly marketed or syndicated to banks and other institutional investors (a) having an Effective Yield for the respective Type of such Indebtedness that is less than the Effective Yield for the Initial Term Loans of the respective equivalent Type, but excluding Indebtedness incurred in connection with a Qualifying IPO, Change of Control or Transformative Acquisition, and (b) the proceeds of which are used to prepay (or, in the case of a conversion, deemed to prepay or replace), in whole or in part, outstanding principal of Initial Term Loans or (ii) any effective reduction in the Effective Yield for the Initial Term Loans (e.g., by way of amendment, waiver or otherwise), except for a reduction in connection with a Qualifying IPO, Change of Control or Transformative Acquisition. Any determination by the Administrative Agent with respect to whether a Repricing Transaction shall have occurred shall be conclusive and binding on all Lenders holding the Initial Term Loans.

  • Repricing Event has the meaning specified in Section 2.10(a)(ii).

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

  • Term Commitment means as to any Lender, the obligation of such Lender, if any, to make a Term Loan Advance to the Borrower in a principal amount not to exceed the amount set forth under the heading “Term Commitment” opposite such Lender’s name on Schedule 1.1.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche C Term Loan as defined in Section 2.1.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Term Loans means the term loans made by the Term Lenders to the Borrower pursuant to Section 2.01(b).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Term B Loans has the meaning specified in Section 2.01(a).

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Tranche B Term Loan as defined in Section 2.1.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).