Term B Loan Obligations definition

Term B Loan Obligations means all liability to pay the principal of and premium, if any, and interest on, and all other amounts owing in respect of the Term B Loans now or hereafter outstanding and all expenses, fees, reimbursements, indemnities and other amounts owing pursuant to the Term B Loans, to the extent permitted to be incurred pursuant hereto, and all other Obligations of the Obligors with respect to the Term B Loans.
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Term B Loan Obligations means the obligations of the Reorganized Debtors under
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Term B Loan Obligations means all principal of, interest on and repayment premium (if any), Fees and other Obligations now or hereafter due in respect of the Term B Loan including any Obligation of any Guarantor in respect thereof.
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Examples of Term B Loan Obligations in a sentence

  • The Borrower covenants and agrees, and the Term B Lenders and any other holder of the Term B Loans (Term B Lenders and such holders being hereinafter referred to collectively as “Holder”) by its acceptance thereof likewise covenants and agrees, that the Term B Loan Obligations shall be subordinated in accordance with the provisions of this Article XIV to the prior payment in full of all Term A Loan Obligations.

  • The failure to make a payment on account of principal of, or interest on, the Term B Loan Obligations by reason of any provision of this Article XIV shall not be construed as preventing the occurrence of a Default or an Event of Default hereunder.

  • Section 7-11.6. Appeal of Determination on Grievability; Time Limitations and Failure to Comply; Substantial Compliance Decision made by School Board.

  • Upon acceleration of the Term A Loans or on the Maturity Date, no direct or indirect payment by or on behalf of the Borrower in respect of the Term B Loan Obligations shall be made until the Term A Loan Obligations have been paid in full.

  • The Borrower shall give prompt written notice to each Holder of any fact known to the Borrower that would prohibit the making of any payment on or in respect of the Term B Loan Obligations, but failure to give such notice shall not affect the subordination of the Term B Loan Obligations to the Term A Loan Obligations provided in this Article XIV.

  • Upon indefeasible payment in full in cash or Cash Equivalents of all First Lien Obligations and termination of all Revolving Loan Commitments, any remaining proceeds of Collateral shall be delivered to the Administrative Agent for application to the Term B Loan Obligations in accordance with the Loan Documents, except as otherwise required pursuant to applicable law.

  • All principal of and interest on the Notes, all Letter of Credit Obligations, and all other Obligations (including all Tranche A Obligations and Term B Loan Obligations) constitute "Senior Indebtedness" under the Senior Subordinated Indenture entitled to the benefits of the subordination provisions contained in the Senior Subordinated Notes.

  • Subject to the terms and conditions hereof, each Lender agrees that all of the Outstanding Term B Loan Obligations shall remain outstanding and shall be deemed to be a continuing Term B Loan.

  • No voluntary prepayment shall be made in respect of or applied to the Term B Loan Obligations unless and until (A) the Borrower has terminated the Revolving Loan Commitment and (B) the Tranche A Obligations have been paid in full in cash.

  • The Loan Account shall also evidence: (i) accrued interest on the Term B Loans of such Lender to the Borrower, (ii) all other amounts due to the Lender in respect of such Term B Loans, and (iii) all payments made by the Borrower in respect of such Term B Loans including all interest payments and all PIK Interest added to the principal amount of the Term B Loan Obligations.


More Definitions of Term B Loan Obligations

Term B Loan Obligations means the unpaid principal of and interest on (including interest accruing after the maturity of the Term B Loans and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Term B Loan Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) the Term B Loans and all other obligations and liabilities of the Term B Loan Borrower to the Administrative Agent or to any Term B Loan Lender, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under this Agreement, any other Loan Document, or any other document made, delivered or given in connection herewith or therewith, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including all fees, charges and disbursements of counsel to the Administrative Agent or to any Term B Loan Lender that are required to be paid by the Borrower pursuant hereto) or otherwise.
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Term B Loan Obligations means all Obligations outstanding in respect of the Term B Loans (inclusive of the Term B Loan PIK Amount).
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Related to Term B Loan Obligations

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

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

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term B Loans has the meaning specified in Section 2.01(a).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • 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 A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • 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.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A 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 Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Term Loan Lenders means the “Lenders” under and as defined in the Term Loan Credit Agreement.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.