Definition of Term B2 Facility
Examples of Term B2 Facility in a sentence
After giving effect to all Term B-1 Borrowings and Term B-2 Borrowings, all conversions of Term B-1 Loans and Term B-2 Loans from one Type to the other, and all continuations of Term B-1 Loans and Term B-2 Loans as the same Type, there shall not be more than two Interest Periods in effect in respect of the Term B-1 Facility and Term B-2 Facility.
Each prepayment of Term Loans pursuant to clause (iii) of this Section 2.05(b) shall be applied solely to the Term B-2 Facility; provided that any Term Loans established pursuant to Section 2.17, 2.18 or 2.19 shall be entitled to share in such prepayment on a pro rata basis (or less than pro rata basis) as and to the extent so provided for in the applicable Additional Credit Extension Amendment.
The Commitments under the Term B-1 Facility, the Term B-2 Facility and the Term B-3 Facility shall be automatically and permanently reduced to zero on the earlier of (x) the date of the Borrowing under such Term B-1 Facility, Term B-2 Facility or Term B-3 Facility, as applicable, pursuant to Section 2.01 and (y) the date that the Term B-1 Availability Period, Term B-2 Availability Period or the Term B-3 Availability Period, as applicable, shall end.
Each Borrowing of Initial Term B-2 Loans shall consist of Initial Term B-2 Loans made simultaneously by the Initial Term B-2 Lenders in accordance with their respective Applicable Percentage with respect to the Initial Term B-2 Facility.
The Additional Facility Commitment of each Additional Term B-2 Facility Lender is set forth on Schedule 1 to this Joinder Agreement (the “ Term B-2 Commitments”).