Examples of Term B-34 Loans in a sentence
The proceeds of the Term B-34 Loans shall be used for the repayment of Term B-23 Loans that are not Converted Term B-23 Loans.
Not later than 1:00 P.M., New York City time, on the Amendment No. 34 Effective Date, each Term B-34 Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term B-34 Loans to be made by such Term B-34 Lender.
With respect to the Term B-34 Loans made hereunder, each of the Canadian Borrower and the U.S. Borrower hereby acknowledges that such Loans are made for the benefit of each of the Canadian Borrower and the U.S. Borrower and, in consideration thereof, agrees to be jointly and severally liable with each other for such Loans and the Obligations related thereto.
The Company Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 121:00 noonp.m., New York City time, one Business Day prior to the Amendment No. 34 Effective Date) requesting that the Term B-34 Lenders make the Term B-34 Loans on the Amendment No. 34 Effective Date and specifying (x) the amount to be borrowed and (y) instructions for remittance of the Loans to be borrowed.
Prepayments of the Delayed Draw Term A-2 Loans or Term B-34 Loans pursuant to Section 2.06(a) shall be applied to either tranche of Term Loans as directed by the Parent Borrower (and, within such tranche, shall be applied to the payments required under Section 2.05(c) (in the case of the Delayed Draw Term A-2 Loans) and Section 2.05(d) (in the case of Term B-34 Loans) as directed by the Parent Borrower).
The Term B-34 Loans may consist of Base Rate Loans, Eurodollar Rate Loans or a combination thereof, as the Parent Borrower may request.
Use commercially reasonable efforts to maintain (i) a public corporate credit rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Mxxxx’x, in each case in respect of the Borrower, and (ii) a public rating (but not any specific rating) in respect of the Term B-34 Loans from each of S&P and Mxxxx’x.
The Term B-34 Loan Commitment of the Term B-34 Lender shall be automatically and permanently reduced to $0 upon the funding of the Term B-34 Loans made by it on the SecondThird Amendment Effective Date.
The proceeds of the Additional Term B-34 Loans will be used on the Amendment No. 45 Effective Date to finance a portion of the Amendment Transactions.