Term B Credit definition

Term B Credit means the credit facility for the Term B Loans described in Section 1.2(b) hereof.
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Term B Credit means the committed non-revolving term credit facility in the maximum amount of £385,000,000, which the Lenders made available to the Borrower pursuant to, and in accordance with the terms of Article 3 and the other provisions of this Agreement.
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Examples of Term B Credit in a sentence

  • The Term B Loan, both for principal and interest not sooner paid, shall mature and be due and payable by the Borrower on the Term B Credit Termination Date.

  • The Term B Loan, both for principal and interest not sooner paid, shall mature and be due and payable by the Borrower on the Term B Credit Maturity Date.

  • The Borrower shall deliver to the Administrative Agent each of the items set forth in Schedule III attached hereto within the time requirements set forth in Schedule III with respect to (a) each Domestic Subsidiary of the Borrower created or acquired after the Effective Date and (b) each Person that becomes a guarantor of all or a portion of the obligations under the Term B Credit Documents.

  • In the event that the Borrower or any Subsidiary is granting a Lien on any property to secure any obligations under the Term B Credit Agreement, the Borrower will, and will cause such Subsidiary to, substantially contemporaneously grant to the Administrative Agent to secure the Obligations a Lien on the same property pursuant to Security Documents in form and substance satisfactory to the Administrative Agent.

  • Pursuant to Section 10.14 of the Term B Credit Agreement, Administrative Agent recommends that the amendments set forth in Section 1 hereof be adopted by the Lenders.

  • The Administrative Agent shall have received an amendment of the Term B Credit Agreement in form and substance satisfactory to the Administrative Agent, which includes an amendment thereunder such that the maturity date of the Term B Credit Agreement is at least 91 days after the Maturity Date.

  • The Term B Credit will only be available for disbursement upon the Term A Credit being first fully drawn.

  • Subject to all of the terms and conditions hereof, the Lenders severally agree to make a term loan in U.S. Dollars (the "Term B Loan") to the Borrower under the Term Credit in an amount not to exceed their Term B Credit Commitments.

  • The Collateral Agent may not require any Grantor to take any action with respect to the creation, perfection or priority of its security interest, whether pursuant to the express terms hereof or of any other Security Document or pursuant to the further assurance provisions hereof or any other Security Document, to the extent that such action would be violative of either Intercreditor Agreement or such Grantor’s obligations under the ABL Credit Agreement or the Term B Credit Agreement, as applicable.

  • The delivery of any Collateral to the collateral agent under the ABL Credit Agreement or the Term B Credit Agreement pursuant to the ABL Credit Agreement or the Term B Credit Agreement, as applicable, shall satisfy any delivery requirement hereunder or under any other Security Document to the extent that such delivery is consistent with the terms of the applicable Intercreditor Agreement.