Term B-2 Loan definition
Examples of Term B-2 Loan in a sentence
Unless previously terminated, the 2026 Additional Incremental Term B-2 Loan Commitments shall terminate at 11:59 p.m., New York City time, on the Amendment No. 4 Effective Date.
Subject to and upon the terms and conditions herein set forth, each 2026 Additional Incremental Term B-2 Lender severally agrees to make 2026 Additional Incremental Term B-2 Loans in Dollars to the Borrower on the Amendment No. 4 Effective Date in a principal amount not to exceed its 2026 Additional Incremental Term B-2 Loan Commitment on the Amendment No. 4 Effective Date.
Upon the Amendment No. 4 Effective Date, each undersigned 2026 Additional Incremental Term B-2 Lender shall become a Lender under the Credit Agreement (as amended hereby) and shall have the respective 2026 Additional Incremental Term B-2 Loan Commitment set forth next to its name on Schedule I hereto.
Each Borrowing of Initial Term Loans, Term B-1 Loans or Term B-2 Loans under this Agreement shall be granted by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Term B-1 Loan Commitments or Term B-2 Loan Commitments, as applicable.