Definition of Term Loan B Advance


Term Loan B Advance means each advance made by Lender(s) under the Term Loan B Commitment pursuant to subsection 2.1(C).

Examples of Term Loan B Advance in a sentence

The principal balance of the Term Loan B Advance shall bear interest thereon from such Advance Date at the Term Loan B Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed.
The aggregate outstanding Term Loan B Advance may not exceed the Maximum Term Loan B Amount.
The entire remaining principal balance of the Term Loan B Advance outstanding and all accrued but unpaid interest hereunder, shall be due and payable on the Term Loan Maturity Date.
Concurrently with Borrower's final payment of a Term Loan B Advance and not later than the Term Loan B Maturity Date, Borrower shall pay to Bank a Final Payment Fee - B ("Final Payment Fee-B"), with respect to such Term Loan B Advance, in an amount equal to three percent (3.00%) of the aggregate amount of the Term Loan B Advance.
The Term Loan A Advance, the Term Loan B Advance and the Term Loan C Advance are hereinafter referred to singly as a Term Loan Advance and collectively as the Term Loan Advances.