Definition of Term B-2 Maturity Date


Term B-2 Maturity Date means (a) the seven year anniversary of the Term B-2 Funding Date and (b) if such maturity date is extended pursuant to Section 2.16, solely as to each Term B-2 Lender agreeing to extend such maturity date, such extended maturity date as determined pursuant to such Section; provided, however, that if such date is not a Business Day, the Term B-2 Maturity Date shall be the immediately preceding Business Day.

Examples of Term B-2 Maturity Date in a sentence

The Administrative Agent shall notify the Borrower of each Revolving Lender's, Term A Lender's, Term B-1 Lender's or Term B-2 Lender's, as applicable, determination under this Section no later than the date 15 days prior to the Existing Revolving Maturity Date, the Existing Term A Maturity Date, the Existing Term B-1 Maturity Date or the Existing Term B-2 Maturity Date, as applicable (or, if such date is not a Business Day, on the next preceding Business Day).
The Borrower shall repay to the Term B-2 Lenders, on the Term B-2 Maturity Date, the remaining principal amount of Term B-2 Loans outstanding on such date.