Term B-8 Loan definition
Term B-8 Loan means a Loan made pursuant to Section 2.01(a)(vi). On the Fourth Amendment Effective Date, immediately prior to the effectiveness of the Fourth Amendment, the aggregate principal amount of Term B-8 Loans outstanding is $2,063,250,000.00.
Term B-8 Loan has the meaning set forth in Section 2.01(l).
Term B-8 Loan means, collectively, (i) Term B-7 Loans exchanged for a like principal amount of Term B-8 Loans pursuant to Section 2.01(h)(i) and (ii) each Additional Term B-8 Loan made pursuant to Section 2.01(h)(ii), in each case on the Amendment No. 9 Effective Date.
Examples of Term B-8 Loan in a sentence
The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents as follows (check ONE option for the Term B-7 Loans held by such Lender): Cashless Settlement Option to convert 100% of the outstanding principal amount of the Term B-7 Loans held by such Lender (or such lesser amount allocated to such Lender by the Amendment No. 9 Arrangers) into a Term B-8 Loan in a like principal amount.
Each Additional Lender hereby agrees to make a 2019-1 Term B-7 Loan and a 2019 Term B-8 Loan to the Borrowers in an amount equal to its Additional 2019-1 Term B-7 Commitment Additional and 2019 Term B-8 Commitment, as applicable, on the Amendment No. 8 Effective Date (as defined in Amendment No. 8) in accordance with Section 2.1(l) of the Term Loan Agreement.
More Definitions of Term B-8 Loan
Term B-8 Loan means, collectively, (i) Term B-7 Loans exchanged for a like principal amount of Term B-8 Loans pursuant to Section 2.01(h)(i) and (ii) each Additional Term B-8 Loan made pursuant to Section 2.01(h)(ii), in each case on the Amendment No. 9 Effective Date. “Term B-8 Maturity Date” means August 29, 2029; provided, however, that if such date is not a Business Day, the Term B-8 Maturity Date shall be the next preceding Business Day. “Term B-8 Post-Closing Option Lender” means each Term B-7 Lender that executed and delivered an Amendment No. 9 Consent indicating the “Post-Closing Settlement Option.” “Term SOFR” means, (a) for any calculation with respect to a SOFR Loan, the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Periodic Term SOFR Determination Day, and (b) for any calculation with respect to an Base Rate Loan on any day, the Term SOFR Reference Rate for a tenor of one month on the day (such day, the “Base Rate Term SOFR Determination
Term B-8 Loan means a Loan made pursuant to Section 2.01(a)(vi)ii) of this Agreement immediately prior to the Fifth Amendment Effective Date. On the Fourth Amendment Effective Date, immediately prior to the effectiveness of the Fourth Amendment, the aggregate principal amount of Term B-8 Loans outstanding is $2,063,250,000.00.“Term B-8 Note” means a promissory note of the Borrower and the Subsidiary Borrowers payable to any Term B-8 Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower and the Subsidiary Borrowers (which shall be allocated among them ratably in accordance with the Designated Amounts) to such Term B-8 Lender resulting from the Term B-8 Loans made or held by such Term B-8 Lender. On the Fifth Amendment Effective Date the aggregate principal amount of Term B-8 Loans outstanding is $0.
Term B-8 Loan means a Loan made pursuant to Section 2.01(a)(vi).