Term B2 Facility definition

Term B2 Facility as defined in the definition of “Facility.”
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Term B2 Facility means, at any time, (a) at any time during the Availability Period in respect of such Facility, the sum of (i) the aggregate amount of the Term B2 Commitments at such time and (ii) the aggregate principal amount of the Term B2 Loans of all Term B Lenders outstanding at such time and (b) thereafter, the aggregate principal amount of the Term B2 Loans of all Term B Lenders outstanding at such time.
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Term B2 Facility means the term loan facility granted to the Parent under sub-clause 2.1.4 of this Agreement by the Term B2 Banks.
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Examples of Term B2 Facility in a sentence

  • Each such prepayment shall be applied ratably to the Term A Facility, the Term B-1 Facility, the Term B-2 Facility, the Term B-3 Facility, the Term B-4 Facility and the Term C Facility.

  • Each such prepayment shall be applied (x) with respect to any such prepayment on or prior to June 30, 2021, ratably to the Term A Facility, the Term B-1 Facility, the Term B-2 Facility, the Term B-3 Facility and the Term C Facility and (y) with respect to any such prepayment after June 30, 2021, ratably to the Term A Facility, the Term B-1 Facility, the Term B-2 Facility, the Term B-3 Facility and the Term C Facility and to the principal repayment installments thereof on a pro rata basis.

  • 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.

  • All proceeds of the Term B-2 Loans incurred on the Closing Date will be used by the Borrower to repay the Term B-2 Facility (as defined in the Existing Credit Agreement) under the Existing Credit Agreement and to pay fees and expenses in connection therewith.

  • As set forth in Section 2.18(b) of the Credit Agreement, optional prepayments of any Term B-2 Loans shall be applied to the remaining installments of the Term B-2 Facility as specified by the Borrower.

  • If the Power of Attorney was drafted to become effective upon the happening of an event or contingency, the event or contingency hasoccurred.

  • Each such prepayment shall be applied (x) with respect to any such prepayment on or prior to [June 30, 2021], ratably to the Term A Facility, the Term B-1 Facility, the Term B-2 Facility, the Term B-3 Facility and the Term C Facility and (y) with respect to any such prepayment after [June 30, 2021], ratably to the Term A Facility, the Term B-1 Facility, the Term B-2 Facility, the Term B-3 Facility and the Term C Facility and to the principal repayment installments thereof on a pro rata basis.

  • In addition, during the Availability Period in respect of the Term B2 Facility and the Term B3 Facility, the Borrower may, upon notice to the Administrative Agent as set forth above, from time to time terminate (in whole or in part) the unused portion of the aggregate Term B2 Commitments or the Term B3 Commitments, as the case may be.

  • Subject to the terms and conditions hereof, each Additional Term B2 Lender severally agrees to make Additional Term B2 Loans in US Dollars to the Borrower on the Term B2 Facility Effective Date in a principal amount not to exceed its Additional Term B2 Commitment on the Term B2 Facility Effective Date.

  • As set forth in Section 2.01(b)(ii) of Credit Agreement as amended by this Amendment, each Term Lender with a Term B-2 Loan Commitment shall be deemed, upon the Term B-2 Facility Effective Date, to have exchanged its Term B-1 Loan Commitment and Term B-1 Loan for a Term B-2 Commitment and Term B-2 Loan in the same aggregate principal amount as such Lender’s outstanding Term B-1 Loan as in effect immediately prior to the Term B-2 Facility Effective Date.


More Definitions of Term B2 Facility

Term B2 Facility means, at any time, the aggregate Term B2 Loans of all Lenders at such time.
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Related to Term B2 Facility

  • Term A Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A Loans of all Term A Lenders outstanding at such time.

  • Term B Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term B Commitments at such time and (b) thereafter, the aggregate principal amount of the Term B Loans of all Term B Lenders outstanding at such time.

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Term Facilities means the Term A Facility and the Term B Facility.

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

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B-1 Loans, the Term B-1 Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being US$830,000,000 at the date of this Agreement.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • 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.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.7.

  • 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.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • 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.