Definition of Term B1 Facility


Term B1 Facility means, at any time, the aggregate Term B1 Loans of all Lenders at such time.

Examples of Term B1 Facility in a sentence

Upon the Term B1 Facility Effective Date, but, subject, always, in any event, to the satisfaction of the conditions precedent set forth in Section 3 of this Amendment, Schedule 2.1 to the Credit Agreement shall be amended by the Administrative Agent to reflect the Term B1 Commitments, including the Additional Term B1 Commitments, on and as of the Term B1 Facility Effective Date.
The Borrower shall have provided the Administrative Agent with a Committed Loan Notice in accordance with the requirements of Section 2.02(a) of the Credit Agreement prior to the Term B1 Facility Effective Date with respect to the borrowing of the Additional Term B1 Advances on the Term B1 Facility Effective Date.
Subject to the terms and conditions hereof, each Additional Term B1 Lender severally agrees to make Additional Term B1 Loans to the Borrower on the Term B1 Facility Effective Date in an aggregate original principal amount not to exceed its Additional Term B1 Commitment in effect on and as of the Term B1 Facility Effective Date.
Term B1 Facility means, at any time, the aggregate Term B1 Loans of all Lenders at such time.
The Borrower shall have paid in full, in accordance with the payment instructions of the Administrative Agent, all of the fees and actual and reasonable out-of-pocket costs and expenses (including Attorney Costs) payable in connection with the First Amendment Transactions and otherwise in accordance with Section 6 of this Amendment for which invoices shall have been submitted at least one (1) Business Day prior to the Term B1 Facility Effective Date.