Examples of Tranche B-1 Term Loan Facility in a sentence
Thereafter, the interest rate for such borrowings will be the base rate or adjusted Eurodollar rate, at the Reorganized Debtors’ election, plus, in either case, a margin based on the Reorganized Debtors’ consolidated ratio of consolidated EBITDA to total indebtedness; and • Borrowings under the Tranche B-1 Term Loan Facility and Tranche B-2 Term Loan Facility will bear interest, at the Reorganized Debtors’ election, at a base rate plus 1.75% per annum or an adjusted Eurodollar rate plus 2.75% per annum.
The Tranche B-1 Term Loan Facility and the Tranche B-2 Term Loan Facility will be repaid during the final year of such loans in equal quarterly amounts, subject to amortization of approximately 1% per year prior to such final year.
Amortization: Prior to the maturity of the Tranche A Term Loans, the Loans made pursuant to the Tranche B-1 Term Loan Facility (the "Tranche B-1 Term Loans") shall be subject to annual amortization in aggregate annual amounts equal to 1% of the Tranche B-1 Term Loan Facility.
Tranche B-1 Term Loan Facility: An amount to be determined (See Footnote 1) (which will be made available only in U.S. Dollars).
The Tranche B-1 Term Loan Facility and the Tranche B-2 Term Loan Facility will mature on the seventh anniversary of the Effective Date.
Maturity: The final maturity of the Tranche B-1 Term Loan Facility shall be eight years from the Closing Date.