Term B Agent definition

Term B Agent shall have the meaning set forth in the introductory paragraph of this Agreement and shall include its successors and assigns.
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Term B Agent shall have the meaning ascribed to such term in the preamble to this Agreement.
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Term B Agent has the meaning assigned to such term in the recitals hereof.
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Examples of Term B Agent in a sentence

  • Following the payment in full in cash of the Working Capital Obligations, the Term B Agent shall be the “Control Agent” for the purpose of perfecting the security interests granted in any DIP Collateral by possession or control pursuant to the DIP Loan Documents.

  • Following the termination of the Remedy Standstill Period, subject at all times to Section 1.10(c)(ii) of the DIP Credit Agreement, the Term B Agent may require the DIP Credit Parties to comply with Section 7.9 of the DIP Credit Agreement.

  • The Debtors shall segregate proceeds of Term B Priority Collateral from Working Capital Priority Collateral and shall provide an accounting thereof to the Working Capital Agent and the Term B Agent upon request of either the Working Capital Agent or the Term B Agent.

  • DIP Term Priority Collateral may be sold only outside the ordinary course of business and with the consent of the Term B Agent, subject to Use Rights set forth in Section7.4 of the DIP Credit Agreement and to paragraph 46 hereof.

  • Following the termination of the Remedy Standstill Period, subject to Section 1.10(c)(iii), the Working Capital Agent, whether or not it shall have received such direction fromthe Term B Agent, may require the DIP Credit Parties to comply with Section 7.9 of the DIP Credit Agreement.

  • In addition, notwithstanding anything to the contrary contained herein, (i) the Working Capital Agent and the Working Capital Lenders shall have the right to object to any sale or disposition of Working Capital Priority Collateral, and (ii) the Term B Agent and the Term B Lenders shall have the right to object to any sale or other disposition of the Term B Priority Collateral.

  • With respect to the Term B Priority Collateral, following the Termination Declaration Date, subject to the Remedies Notice Period, the Term B Agent may (and at the request of the Required Term B Lenders shall), on behalf of itself and the Term B Lenders, direct the Working Capital Agent to take all rights and remedies available to it and the Term B Lenders under the DIP Loan Documents or applicable law against the Term B Priority Collateral.

  • The Term B Indemnity Account shall be released to the Debtors and the funds applied in accordance with paragraph 19 hereof upon the receipt by the Term B Agent of releases acceptable to the Term B Agent in its sole discretion.

  • Upon entry of this Final Order, the Term B Agent and Term B Lenders are hereby granted, pursuant to Section 364(c)(1) of the Bankruptcy Code, an allowed superpriority administrative expense claim in each of the Cases and any Successor Cases (collectively, the “DIP Term Superpriority Claim”, and, together with the Working Capital Superpriority Claim, the “DIP Superpriority Claims”) for all Term B Obligations.


More Definitions of Term B Agent

Term B Agent means Ableco Finance LLC, as agent for the lenders under the Term B Debt Documents (and its successors and assigns).
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Related to Term B Agent

  • Term B Lender means, at any time, any Lender that has a Term B Commitment or a Term B Loan at such time.

  • Term A Lender means, at any time, any Lender that has a Term A Commitment or a Term A Loan at such time.

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Term Loan Administrative Agent means Bank of America, in its capacity as administrative agent under the Term Loan Credit Agreement, and its successors and assigns in such capacity.

  • Term Loan Agent means “Term Loan Agent” as defined in the Intercreditor Agreement.

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

  • Term B-1 Lender means, at any time, any Lender that has a Term B-1 Commitment or a Term B-1 Loan at such time.

  • Term Lender means, at any time, any Lender that has a Term Commitment or a Term Loan at such time.

  • Term Administrative Agent means Bank of America, N.A., in its capacity as agent for the “Secured Parties” under (and as defined in) the Term Credit Agreement, and its successors and assigns in such capacity.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Administrative Agent as defined in the preamble hereto.

  • Revolving Administrative Agent means the “Administrative Agent” as defined in the Revolving Credit Facility.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term Agent shall have the meaning assigned to that term in the introduction to this Agreement and shall include any successor thereto as well as any Person designated as the “Agent”, “Administrative Agent”, “Collateral Agent”, “Trustee”, “Collateral Trustee” or similar term under any Term Credit Agreement.

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • DIP Lender means a lender under the DIP Facility.

  • Term B Loans means the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a) and any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • Dollar Lender means the Persons listed on Schedule 1.01(b) as having Dollar Commitments and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption that provides for it to assume a Dollar Commitment or to acquire Revolving Dollar Credit Exposure, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Term B Commitment means, as to each Term B Lender, its obligation to make Term B Loans to the Borrower pursuant to Section 2.1(c) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term B Lender’s name on Schedule 2.1 under the caption “Term B Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term B Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Incremental Lender has the meaning assigned to such term in Section 2.22(b).

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Borrower Agent as defined in Section 4.4.

  • Term B Borrowing means any Borrowing comprised of Term B Loans.