Term B Loan Facility definition

Term B Loan Facility means the facility providing for the Borrowing of Term B Loans.

Term B Loan Facility means the Term B Loan Commitments and the Term B Loans made hereunder.

Term B Loan Facility the Term B Loan Commitments and the Term B Loans made thereunder.

Examples of Term B Loan Facility in a sentence

• There are no conditions (implied or otherwise) to the commitments hereunder, and there will be no conditions (implied or otherwise) under the Credit Documentation to the funding of the Term B Loan Facility on the Closing Date, other than those that are expressly referred to in the immediately preceding sentence.

• The Company recorded debt extinguishment expense of $24.7 million in connection with the extinguishment of the Term B Loan Facility during the three months ended September 30, 2020.

• The Borrower’s obligation to prepay Target Bridge Loans and purchase Target Exchange Notes shall be deemed to be satisfied with respect to clause (a) above on a dollar-for-dollar basis to the extent of amounts applied to repay loans under (i) the Target Credit Agreement Term A Loan Facility, (ii) the Target Credit Agreement Term B Loan Facility or (iii) the Target Revolving Credit Facility to the extent accompanied by a permanent reduction in commitments thereunder.

• The proceeds from the New Term B Loan Facility and cash on hand were used for the notes redemption.

• On March 16, 2018, Lamar Media entered into Amendment No. 1 to the Third Amended and Restated Credit Agreement dated May 15, 2017, which amended the existing senior credit facility to establish a new $600,000 Term B Loan Facility (the “Term B loan”), which will mature on March 16, 2025.

More Definitions of Term B Loan Facility

Term B Loan Facility means the term facility with an aggregate commitment of up to $100,000,000 maturing on the Term B Loan Facility Termination Date.

Term B Loan Facility means the Term B Loans remaining outstanding pursuant to Section 2.01(a) on the Restatement Effective Date.

Term B Loan Facility means each of (i) the Canadian Term B Loan Facility and (ii) the U.S. Term B Loan Facility.

Term B Loan Facility means the term loan facility referred to in sub-clause 2.1.1(b) of Clause 2.1 (Facilities).

Term B Loan Facility means the Term B Dollar Facility.

Term B Loan Facility means the Term B-1 Loan Facility, the Term B-2 Loan Facility or Term B-3 Loan Facility, as applicable.

Term B Loan Facility means the term loan facility established pursuant to -------------------- Article IV hereof under which the Lenders make Term B Loans to the Borrowers.