Term B Loans definition

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

Examples of Term B Loans in a sentence

  • The Term B Borrowing shall consist of Term B Loans made simultaneously by the Term B Lenders in accordance with their respective Term B Commitments.

  • On the Closing Date (after giving effect to the funding of the Term B Loans to be made on such date), the Term B Loan Commitments of each Lender as of the Closing Date will terminate.

  • Term B Loans may be Base Rate Loans or Term SOFR Loans as further provided herein.


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 a loan from Lender to Borrower in the principal amount of the Term B Loan Commitment on the Closing Date, together with such other loans, if any, pursuant to the Term B Loan Commitment.
Term B Loans means, collectively, the amount advanced by certain of the Lenders to the Borrower under the Term B Loan Commitment, not to exceed the amount of the Term B Loan Commitment.