Definition of Term Loan B Loan


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

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.
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.
Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender agrees (severally, not jointly or jointly and severally) to make a Term Loan B Loan in the principal amount set forth opposite each such Lender's name on Schedule 2.01(a) hereto to the Borrowers on the Closing Date, in accordance with this SECTION 2.01.
Subject to the terms and conditions of this Agreement, on the Closing Date, Lender shall make, and Borrowers shall draw, an Advance of $11,250,000 (the Term Loan A Loan) and an Advance of $15,000,000 (the Term Loan B Loan).