Examples of Tranche B-2 U.S. Term Loans in a sentence
The proceeds of the Tranche B-2 US$ Term Loans and the Tranche B-2 Euro Term Loans will be used (i) to prepay the payment obligations under the Existing Credit Agreement, (ii) to pay fees and expenses in connection therewith and with the other Transactions and (iii) for working capital and other general corporate purposes (including Permitted Acquisitions).
Any increase in the interest rate spread required pursuant to this Section resulting from the application of any interest rate “floor” on any Incremental Term Loans or Incremental Revolving Loans will be effected solely through the establishment or increase of a “floor” in respect of the Tranche B-2 US$ Term Loans , Tranche B-2 Euro Term Loans or Revolving Loans, as the case may be.
The Borrower will use commercially reasonable efforts to cause the Tranche B-2 US$ Term Loans and the Tranche B-2 Euro Term Loans to be continuously rated by S&P and Moody’s.
The Tranche B-2 US$ Term Loans funded on the Effective Date will be funded with an original issue discount of 0.25% and the Tranche B-2 Euro Term Loans funded on the Effective Date will be funded with an original issue discount of 0.125% (it being agreed, in each case, that the Borrower shall be obligated to repay 100% of the principal amount of each such Term Loans and interest shall accrue on 100% of the principal amount of such Term Loans, in each case as provided herein).