Examples of Term B Loan Lenders in a sentence
The Borrower shall repay to the Term B Loan Lenders on the Term B Loan Maturity Date the aggregate principal amount of Term B Loans outstanding on such date.
The following flow chart is designed to assist with identifying which legislation is applicable.
The Term B Loans shall be advanced in a single Borrowing on the Closing Date and shall be made ratably by the Term B Loan Lenders in proportion to their respective Term B Loan Percentages, at which time the Term B Loan Commitments shall expire.
The obligation of the Borrower to pay any premium or make any other payment under this Section 2.8(d), and the amounts thereof, may not be amended, changed, reduced or waived unless evidenced by a writing signed by or on behalf of the Administrative Agent and the Requisite Term B Loan Lenders.
All Term B Loans shall be made by the Term B Loan Lenders simultaneously and proportionately to their then respective Pro Rata Shares, it being understood that no Term B Loan Lender shall be responsible for any failure by any other Term B Loan Lender to perform its obligation to make a Term B Loan hereunder nor shall the Term B Loan Commitment of any Term B Loan Lender be increased or decreased as a result of any such failure.
After the First Amendment Effective Date and on or prior to April 1, 2024, the Borrower shall repay to the Term B Loan Lenders a portion of the Term B Loans in an aggregate amount not less than $25,000,000 (or such lesser amount of Term B Loans outstanding on such date).
Subject to the terms and conditions hereof, on the Closing Date, each Term B Loan Lender severally agrees to make a loan (individually a “Term B Loan” and collectively for all the Term B Loan Lenders the “Term B Loans”) in U.S. Dollars to the Borrower in the amount of such Term B Loan Lender’s Term B Loan Commitment.
Borrowers agree to pay Agent for the benefit of the Term B Loan Lenders the fees and other amounts set forth in the Term B Loan Fee Letter in the amounts and at the time specified therein.
On or prior to the Effective Date, the Borrowers shall pay to the Administrative Agent (i) for the account of the Term A Loan Lenders, in accordance with their Pro Rata Shares, a non- refundable closing fee (the "Underwriting Fee (Term A)") equal to 2% of the Total Term A Loan Commitment, and (ii) for the account of the Term B Loan Lenders, in accordance with their Pro Rata Shares, a non- refundable closing fee (the "Underwriting Fee (Term B)") equal to 3% of the Total Berm B Loan Commitment.
In a single borrowing (which shall be a Business Day) occurring on or prior to the Term B Loan Commitment Termination Date, each Term B Loan Lender will make loans (relative to such Term B Loan Lender, its "Term B Loans") to the Borrower equal to such Term B Loan Lender's Percentage of the aggregate amount of each Borrowing of the Term B Loans requested by the Borrower to be made on the Closing Date.