Tranche B-1 Loan definition

Tranche B-1 Loan means a Loan made pursuant to Section 2.02(a)(ii).
Tranche B-1 Loan means an extension of credit in Dollars made by a Tranche B-1 Lender to Ultimate Holdings]pursuant to this Agreement.
Tranche B-1 Loan shall have the meaning specified in Amendment No. 1.

Examples of Tranche B-1 Loan in a sentence

  • No amount of any Tranche B-1 Loan which is repaid or prepaid by the Borrower may be reborrowed hereunder.

  • Gross proceeds required to be funded by each Tranche B-1 Lender with respect to its Tranche B-1 Loan shall be equal to 99.875% of the principal amount of such Tranche B-1 Loan.

  • Gross proceeds required to be funded by each Tranche B-1 Lender with respect to its Tranche B-1 Loan shall be equal to 98.00% of the principal amount of such Tranche B-1 Loan.

  • Any Term Note requested by a Lender pursuant to Section 2.16 of the Credit Agreement to evidence such Tranche B-1 Lender’s Tranche B-1 Loan shall have been issued by the Borrower payable to the order of each such requesting Lender.

  • For any period ending after December 31, 2013, with respect to the Tranche A Loan, all interest shall be payable in cash, and with respect to the Tranche B-1 Loan, the Tranche B-2 Loan, and the Tranche B-3 Loan, only the portion of interest equal to the Eurodollar rate plus 1% per annum (in the case of Eurodollar rate loans) and the Base rate (in the case of Base rate loans) shall be payable in cash and the remainder shall be payable as P-I-K interest.


More Definitions of Tranche B-1 Loan

Tranche B-1 Loan has the meaning set forth in Section 2.01. For the avoidance of doubt, the “Applicable Margin” and “Maturity Date” for each Tranche B-1 Loan shall be as provided for all Term Loans in the Credit Agreement as in effect on the date hereof.
Tranche B-1 Loan as defined as set forth in Section 2.5(a). Tranche B-1 Loans may be ABR Loans to the extent provided in Section 2.4(f) and may bear interest at the Eurodollar Rate as provided herein.
Tranche B-1 Loan and "Tranche B-1 Loans": as defined in Section 2.1(c)(ii).
Tranche B-1 Loan has the meaning set forth in Section 2.01.
Tranche B-1 Loan means the term loans made by the Lenders to the US Borrower pursuant to Section 2.01(a)(i).
Tranche B-1 Loan means a Tranche B Loan made by a Lender of Tranche B-1 Loans pursuant to Section 2.1.2 or a transfer of proceeds from the Tranche A Unrestricted Account to the Tranche B-1 Blocked Account pursuant to Section 2.1.3.
Tranche B-1 Loan means a Tranche B-1 Loan made by a Lender to the Borrower pursuant to Section 2.01.