Term B-2 Facility means, at any time, the aggregate principal amount of the Term B-2 Loans of all Term B-2 Lenders outstanding at such time.
Examples of Term B-2 Facility in a sentence
Applicable Term B-2 Percentage means with respect to any Term B-2 Lender at any time, such Term B-2 Lenders Applicable Percentage in respect of the Term B-2 Facility at such time.
As set forth in Section 2.01(b)(ii) of Credit Agreement as amended by this Amendment, each Term Lender with a Term B-2 Loan Commitment shall be deemed, upon the Term B-2 Facility Effective Date, to have exchanged its Term B-1 Loan Commitment and Term B-1 Loan for a Term B-2 Commitment and Term B-2 Loan in the same aggregate principal amount as such Lender's outstanding Term B-1 Loan as in effect immediately prior to the Term B-2 Facility Effective Date.
The Borrower hereby irrevocably authorizes and directs the Administrative Agent to apply the proceeds of the Additional Term B-2 Loans to refinance and replace the Term B-1 Loans of Term B-1 Lenders that do not have a Term B-2 Commitment on the Term B-2 Facility Effective Date.
Each Borrowing of Initial Term B-2 Loans shall consist of Initial Term B-2 Loans made simultaneously by the Initial Term B-2 Lenders in accordance with their respective Applicable Percentage with respect to the Initial Term B-2 Facility.
As set forth in Section 2.18(b) of the Credit Agreement, optional prepayments of any Term B-2 Loans shall be applied to the remaining installments of the Term B-2 Facility as specified by the Borrower.