Tranche B-2 Term Loan means the term loans rolled over and continued to remain issued under and outstanding pursuant to this Agreement on the Effective Date, pursuant to Section 2.01(a)(i) pursuant to the Tranche B-2 Term Commitment.
The U.S. Borrower agrees to pay on the Amendment No. 4 Effective Date to each Lender party to this Agreement on the Amendment No. 4 Effective Date, as compensation for the funding of such Lenders Tranche B-2 Term Loan, a closing fee (the Tranche B-2 Closing Fee) in an amount equal to 0.75% of the principal amount of such Lenders Tranche B-2 Term Loan made (including as a result of the conversion of Converted Term Loans) on the Amendment No. 4 Effective Date.
The Tranche B-2 Term Loan Borrowing shall consist of Tranche B-2 Term Loans made simultaneously by the Tranche B-2 Term Lenders in accordance with their respective Tranche B-2 Term Loan Commitments.
In the case of a Tranche B-1 Term Loan Borrowing, a Tranche B-2 Term Loan Borrowing or a Revolving Credit Borrowing, each Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agents Office not later than 1:00 p.m. on the Business Day specified in the applicable Committed Loan Notice.
After giving effect to all Tranche B-2 Term Loan Borrowings, all conversions of Tranche B-2 Term Loans from one Type to the other, and all continuations of Tranche B-2 Term Loans as the same Type, there shall not be more than 10 Interest Periods in effect in respect of the Tranche B-2 Term Loan Facility.
The Borrower shall repay the outstanding principal amount of the Tranche B-2 Term Loan (i) in equal quarterly installments of $2,387,500 on the last Business Day of each March, June, September and December (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 9.02 and (ii) on the Maturity Date the outstanding principal amount of the Tranche B-2 Term Loan on such date.