Term B-4 Loan Commitments definition
Examples of Term B-4 Loan Commitments in a sentence
Each notice delivered by the Borrower pursuant to this Section shall be irrevocable and any termination of the Term B-4 Loan Commitments shall be permanent.
This Amendment shall constitute an “Incremental Assumption Agreement”, the Incremental Lenders shall constitute “Lenders”, this Amendment and the Reaffirmation Agreement shall constitute “Loan Documents”, the Term B-4 Loans shall constitute “Incremental Term Loans” and “Term Loans” and the Term B-4 Loan Commitments shall constitute “Incremental Term Loan Commitments”, in each case for all purposes of the Credit Agreement.
The Term B-4 Loan Commitments are Incremental Term Loan Commitments and the Term B-4 Loans are Incremental Term Loans, in each case incurred pursuant to Section 2.21 of the Credit Agreement.
Unless previously terminated, the Term B-4 Loan Commitments shall terminate at 5:00 p.m., New York City time, on the earlier of (x) the Incremental Effective Date and (y) November 13, 2009.
The Borrower may at any time terminate in full the Term B-4 Loan Commitments.
The Borrower shall notify the Administrative Agent of any election to terminate the Term B-4 Loan Commitments under this Section 4.3 at least three Business Days prior to the effective date of such termination, specifying such election and the effective date thereof.
It is understood and agreed that the effectiveness of the Term B-4 Loan Commitments and the consummation of the Term Loan Refinancing shall occur substantially concurrently with, but immediately prior to, the other Amendments.