Term Loan B Loan means any extension of credit, that is not a Term Letter of Credit, advanced by the Lenders to the Borrowers pursuant to this Agreement on the Closing Date and includes all Term Loan B Obligations.
Examples of Term Loan B Loan in a sentence
A Term Loan B Loan (and the Term Loan B Note, if any, evidencing the same) may be participated in whole or in part only by registration of such participation on the Term Loan B Participant Register.
In the event that any Term Loan B Lender sells participations in a Term Loan B Loan, such Term Loan B Lender shall maintain a register on which it enters the name of all participants in the Term Loan B Loans held by it (the Term Loan B Participant Register).
Not later than 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower each Term Loan B Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan B Loan or Term Loan B Loans to be made by such Term Loan B Lender on such date.
For avoidance of doubt, the parties to this Agreement acknowledge that the provisions of this Section 12.6 concerning assignments of Term Loan B Loans and Term Loan B Notes relate only to absolute assignments and that such provisions do not prohibit assignments creating security interests, including any pledge or assignment by a Term Loan B Lender of any Term Loan B Loan or Term Loan B Note to any Federal Reserve Bank in accordance with applicable law.
If any Term Loan A Lender or Term Loan B Lender so requests, such Lender's Term Loan shall be evidenced by a promissory note in the form of Exhibit I-1 (for a Term Loan A Loan) and Exhibit I-2 (for a Term Loan B Loan) (each individually, a "Term Loan Note") which note shall be (i) payable to the order of such Lender, (ii) in the amount of such Lender's respective Term Loan, (iii) dated the Closing Date and (iv) otherwise appropriately completed.