Term B Loans definition

Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) 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).

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

Term B Loans means the term loans made by the Lenders on the Closing Date to the Borrowers pursuant to Section 2.01(a).

Examples of Term B Loans in a sentence

• Notwithstanding anything to the contrary herein, Incremental Term B Commitments and the Incremental Term B Loans thereunder may take the form of delayed draw term facilities.

• By its execution of this Amendment No. 1, the Administrative Agent agrees to accept such assignments and the Replacement ▇▇▇▇▇▇ agrees to accept such assignments, and approves this Amendment No. 1 in its capacity as assignee of any such Existing Term B Loans and as a “Term B Lender” hereunder.

• The Administrative Agent will promptly notify each Lender holding Term B Loans to be prepaid in accordance with such prepayment notice of the contents of the Borrower’s prepayment notice and of such ▇▇▇▇▇▇’s pro rata share of the prepayment.

• If a Lender fails to deliver a Rejection Notice to the Administrative Agent within the time frame specified above or such Rejection Notice fails to specify the principal amount of the Term B Loans to be rejected, any such failure will be deemed an acceptance of the total amount of such prepayment of Term B Loans.

• For the avoidance of doubt, each Non-Consenting Lender shall be deemed to have executed an Assignment and Acceptance with respect to all of its then outstanding Existing Term B Loans.

More Definitions of Term B Loans

Term B Loans means a term loan “B” facility as such term is understood in the leveraged finance market and which is marketed primarily to institutional investors and any increase to any Term Facility constituting Term B Loans. Term Facilities constituting Term B Loans are so designated on the Facilities Schedule.

Term B Loans means the Term B-1 Loans and the Term B-2 Loans.

Term B Loans means the Initial Term B Loans, any Incremental Term B Loan, any Replacement Term B Loan, any Refinancing Term B Loans or any Extended Term B Loans, as applicable.

Term B Loans means a Loan made pursuant to Section 2.1(c).

Term B Loans means a Term B USD Loan or a Term B EUR Loan.

Term B Loans means any loan made by any Term Loan B Lender pursuant to this Agreement.

Term B Loans means, collectively, the Term B-2 Loans, the Term B-3 Loans, the Term B-4 Loans, the Term B-5 Loans, the 2016-1 Term B-4 Loans, the 2016-1 Term B-5 Loans and the Term B-56 Loans.