Term Loan B-1 means (i) the Converted Term Loan B and (ii) the Replacement Term Loan B, as provided in Section 2.01(c)(ii).
Examples of Term Loan B-1 in a sentence
Term Loan Lenders holding, in the aggregate, at least fifty percent (50%) of the outstanding principal amount of Term Loan B1, Term Loan B2 and Term Loan B3 shall have executed this Amendment as 2010 Extending Term Lenders, and an aggregate of no less than fifty percent (50%) of the outstanding principal amount of Term Loan B1, Term Loan B2 and Term Loan B3 shall have been converted into Loans under Term Loan B5.
Extending Term Lender means any Term Loan Lender that has submitted an executed Term Loan Extension Election with respect to all or a portion of its Term Loan B1, Term Loan B2 and/or Term Loan B3 (as applicable) in accordance with the instructions provided on the signature page to the Twelfth Amendment prior to the deadline specified in Twelfth Amendment.
Request for a Term Loan B1 Facility Loan may be submitted by a Borrower until the Term Loan A Facility has been drawn in full or will be drawn in full simultaneously with the relevant Term Loan B1 Facility Loan.
Applicable Margin: with respect to the Revolving Loans, the Revolving Applicable Margin; with respect to Term Loan B-1 Loans, the Term Loan B-1 Applicable Margin, with respect to the Term Loan B-2 Loans, the Term Loan B-2 Applicable Margin and with respect to any Extended Revolving Loans or any Extended Term Loan B Loans, the applicable interest rate margin for such Tranche as specified in the Extension Offer applicable to such Tranche.
The Administrative Agent, in consultation with the Borrower, shall determine the Term Loan B1 Extension Amount, the Term Loan B2 Extension Amount, and the Term Loan B3 Extension Amount of each Lender promptly following the Twelfth Amendment Effective Date and shall notify each such Lender of such determination with respect to such Lender.